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Merkel’s bid to end gridlock hangs on SPD vote

Bloomberg Chancellor Angela Merkel reached a preliminary accord with the Social Democrats to end Germany’s political gridlock, moving closer to a fourth term and defying domestic critics who say her time is running out. The next hurdles are a key vote by her reluctant SPD partners later this month and then finalising the deal in another round of talks. After ...

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Zimbabwe opp mulls future without founder

Bloomberg Zimbabwe’s main opposition party, the Movement for Democratic Change, is in a quandary over whether its long-serving leader and founder Morgan Tsvangirai, who’s undergoing treatment for colon cancer, should retire before this year’s elections. While Tsvangirai, 65, has appeared increasingly frail, he remains the party’s most-popular official and his absence from the ballot could undermine its campaign. The MDC ...

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Does the Federal Reserve need a new playbook?

The record of economists, including those at the Federal Reserve, over the past half century has been discouraging. The two greatest blunders are well-known: policies that fed double-digit inflation in the 1970s, reaching a peak of 13.5 percent in 1980; and the more recent failure to prevent the 2008-09 financial crisis and Great Recession, sending unemployment to 10 percent. Unfortunately, ...

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