Google, Microsoft and the threat from overmighty trustbusters
There are mergers to worry about and mergers to welcome. In the first category are tie-ups between biggish firms in the same line of business. In these “horizontal” mergers, a competitor is taken out of the market, removing a constraint on prices. In such cases, competition authorities will investigate the merger and may block it. […]
The Federal Reserve’s $2.5trn question
Can a central bank make $2.5trn of cash vanish without anyone much noticing? That is the improbable, even audacious, mission the Federal Reserve has begun, trying to shrink its vast balance-sheet while minimising disturbances to the economy. The process—known as “quantitative tightening” (qt)—got under way in mid-2022. The Fed has already shed nearly $500bn in […]
City centres: from offices to family homes
Lower Manhattan’s skyline has long symbolised the fortunes of corporate America. A skyscraper boom in the roaring 1920s heralded the rise of the modern office, crammed with swivel chairs and desks. As corporate giants emerged and Wall Street firms flourished, office-space requirements exploded in the 1970s, fuelling a wave of new tower blocks such as […]
The US Covert Action to Destroy Nord Stream & Russia’s Economy
Seymour Hersch won a Pulitzer Prize for his reporting on the My Lai massacre in Vietnam. He is one of a dying breed of independent journalists. He has revealed that the United States destroyed Nord Stream Pipeline and this was all part of the Climate Change War where the Neocons are now supporting Nazis to […]
