Focusing Exclusively on “Creating Jobs” Can Do More Harm Than Good
[ad_1] We are constantly bombarded by politicians declaring the importance of “creating jobs” in the economy. We regularly see government initiatives like public works projects, “stimulus” programs, and government subsidies enacted under the guise of creating jobs. Simply put, however, policies with the sole goal of maximizing jobs miss the mark. The true emphasis should […]
UBS saves Credit Suisse, creating a vast new bank
[ad_1] At a press conference in Bern on March 19th the chairmen of Credit Suisse and ubs, the two great rivals of Swiss banking, announced a momentous but unhappy union. After one weekend of haggling, and years of creeping despair, the merger valued Credit Suisse at around SFr3bn ($3.2bn). A 167-year-old institution is dead. Global […]