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Was Great Recession worse than the Great Depression?

Here’s today’s economic quiz: Was the 2007-09 Great Recession more damaging than the Great Depression of the 1930s? Surely the answer is “no.” In the 1930s, unemployment reached 25 percent. By contrast, the recent peak in the jobless rate was 10 percent. Case closed. Not so fast, objects economist J. Bradford DeLong of the University of California, Berkeley. “Fifty years ...

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Trump-Xi will make us forget G-20

This weekend’s G-20 summit in Argentina will likely demonstrate what does and doesn’t work for this multilateral format, but also for international policy gatherings more generally. Despite weakening and diverging global economic growth, the aspiration for the larger discussions among leaders representing about three-quarters of global gross domestic product has been reduced to issuing bland joint commun- -iques — and ...

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Deliveroo’s banker boss takes a $4bn Uber ride

Will Shu, Deliveroo’s chief executive, is a former investment banker. So he probably knows how to cook up deal interest in a food delivery company whose riders have become a feature of British city streets. Indeed, back in September, scoops from Bloomberg News and the Daily Telegraph indicated that both Uber Technologies Inc. and Amazon.com Inc. had held early acquisition ...

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