Recent Posts

What Fed will signal at meeting next week

The Federal Reserve is highly unlikely to raise rates at its policy meeting next week. The view that the event will be a snoozer, with little potential to move markets significantly, is reinforced in two ways: The semi-annual report to Congress on monetary policy by Chair Jerome Powell last week that involved comprehensive written submissions and hours of Q&A; and ...

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Singapore hack a speed bump for $9trn industry

As far as cyberhacks go, those in health care are particularly irksome. The notion that some stranger, a malicious one at that, has accessed our medical data gets under most people’s skin. Even beyond financial and employment data, there’s nothing more personal than our history of diseases, diagnoses and medicines, including possibly psychological or even terminal conditions. News at the ...

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In fining Google, Europe gets almost everything wrong

In a long-awaited decision, the European Commission fined Alphabet Inc’s Google a record 4.3 billion euros ($5 billion) for unfair business practices. The commission won some praise for standing up to big tech. But theatrics aside, this decision is misguided, harmful to consumers, and almost entirely beside the point. Start with the alleged offenses. Google licenses its Android software to ...

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