Bloomberg It’s little surprise that the best-paid MBA graduates are from American universities. What is unexpected is just how much US schools dominate the rankings. A new survey of the 20 best-paid graduate business schools found that the top 11 are all in the US. The Sloan School of Management at the Massachusetts Institute of Technology came out on top, ...
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Firms seeking steel tariff reprieve get ‘rules’
Bloomberg President Donald Trump’s administration outlined rules for how automakers, pipeline operators and other companies can seek exemptions from new steel and aluminum tariffs that could be worth billions of dollars. The Commerce Department opened the door for those requests with an interim final rule that invites applications from companies or individuals supplying steel to US entities that use the ...
Read More »Brexit bankers may find home in Luxembourg neighbourhoods
Bloomberg Luxembourg could soon be a home for bankers escaping Brexit. As the Grand Duchy prepares to welcome financiers relocating from the UK, a lack of housing has pushed the price of relatively modest family homes beyond the 1 million-euro mark ($1.2 million). That’s led to edgier areas being developed to keep up with demand, according to real estate brokers ...
Read More »Trump needs an honest broker on the economy
It shouldn’t be a problem that incoming National Economic Adviser Larry Kudlow isn’t a trained economist possessing an advanced degree. It isn’t even necessarily disqualifying that he’s known as a famously bad pundit on financial matters. Neither shortcoming makes it impossible for him to do an excellent job leading the National Economic Council (NEC). But another skill is absolutely central ...
Read More »Hong Kong’s ‘dominant billionaires’
Li Ka-shing’s retirement from the empire he built over 68 years marks the end of an era for Hong Kong’s dominant billionaires and, in important ways, for the territory itself. A wartime refugee who started with nothing when the then-British colony was relatively poor and struggling, Li rose with other tycoons of his time as the city developed economically under ...
Read More »UK’s gender pay gaps
Every day that draws closer to the April 4 deadline for British companies to declare their gender pay gaps brings a pickup in the number of reports on file, and these cement the sad truth that men tend to get paid more than women. Only about a fifth of the companies who must submit their wage data have done so. ...
Read More »Bitcoin isn’t an investment until buyers sweat the fees
If you want to know where cryptocurrencies are in their development, keep an eye on fees. When a new “investment†comes along, investors are often too busy counting their anticipated bounty to care about cost. Shrewd purveyors predictably seize the opportunity to charge excessive fees. But reality inevitably falls short of investors’ expectations, and the focus eventually turns to how ...
Read More »Actually, big nations can lose trade wars as well
One of the more mystifying features of recent economic debate is how many people seem unbothered by the very real possibility of an old-fashioned trade war. Donald Trump, of course, relishes the possibility of such a battle — as he would, no doubt, any war he didn’t have to fight personally. Naturally, he’s convinced that the US would ‘win’ one. ...
Read More »Retail industry’s middle ground is a tough place
The retail industry has plenty of reason to be upbeat in these early months of 2018. The holiday season was a roaring one, and Amazon.com Inc. didn’t claim all the spoils. Many big-name chains fared well, and consumer sentiment remains strong, suggesting the good times will keep rolling. But stepping back for a longer view of retail’s prospects, I’d caution ...
Read More »Stephen Hawking and the unconstrained mind
In Professor Dowell’s Head, a 1925 science fiction novel by Alexander Belyayev that was a must read when I was a kid, a dying scientist bequeaths his body to a colleague who then revives just the heart and the head. In this form, Professor Dowell lives on but hates it. The life of British physicist Stephen Hawking, who died on ...
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