Richard Thaler wins the Nobel prize for economic sciences

Richard Thaler wins the Nobel prize for economic sciences

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Richard Thaler wins the Nobel prize for economic sciences
THE credit-card bill arrives. You have enough money in a savings account to pay it off—the sensible thing to do, arithmetically speaking, since the interest rate on the credit-card balance far exceeds that earned on the savings. Yet you leave the savings untouched, and pay only as much of the bill as your current-account balance […]
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When the revolution eats itself

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When the revolution eats itself
WHEN a revolution happens, the consequences are not obvious straight away. The British referendum on EU membership in June 2016 was seen as a revolt of ordinary people against a globalised elite. The politicians who led the Leave campaign did not seem to expect to win; as wags remarked, they were like “the dog that […]
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Economic optimism drives stockmarket highs

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Economic optimism drives stockmarket highs
BARELY a day goes by at the moment without Wall Street hitting a new record high. The market has kept marching upwards despite all the headlines about the North Korean nuclear threat, a potential break-up of NAFTA, and natural disasters like hurricanes. If you want to know why the market keeps rising, just look at […]
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The internationalisation of China’s currency has stalled

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The internationalisation of China’s currency has stalled
ON OCTOBER 18TH, President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party’s 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress […]
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The Nobel in economics rewards a pioneer of “nudges�

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The Nobel in economics rewards a pioneer of “nudges�
NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past few decades, behavioural economists like Richard Thaler have progressively chipped away at this notion. They combine economics with insights from psychology to show how heavily […]
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So Who Wins: beBee or WordPress?

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So Who Wins: beBee or WordPress?
Today, blogging is a major component of content marketing — a practice over 90% of marketers now leverage to raise brand awareness and promote p… Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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Can you afford to retire?

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Can you afford to retire?
HOW much money do you need to retire? Depending on your age, it is a question you think about a lot (if retirement is imminent) or barely at all. For younger people, the subject is a combination of too far away, too complex and too boring, and too depressing. When you consider that you might […]
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Three trade cases facing the Trump administration spell trouble

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Three trade cases facing the Trump administration spell trouble
Ruinously competitive IN 1845 Frédéric Bastiat, a French economist, wrote an open letter to his national parliament, pleading for help on behalf of makers of candles and other forms of lighting. The French market was being flooded with cheap light, he complained. Action was necessary: a law closing all windows, shutters and curtains. Only that […]
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The Bank of Japan sticks to its guns

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The Bank of Japan sticks to its guns
SEVENTH time lucky? Minutes of the Bank of Japan’s (BoJ) policy meeting in July, published on September 26th, showed that the central bank had, for the sixth time since 2013, pushed back the date at which it expected prices to meet its 2% inflation target—to the fiscal year ending in March 2020. Four-and-a-half years since […]
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Venture capitalists with daughters are more successful

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Venture capitalists with daughters are more successful
RICHARD NESBITT, a former chief operating officer at the Canadian Imperial Bank of Commerce, has long been an evangelist for women in business. In “Results at the Topâ€�, a book he wrote with Barbara Annis, he describes his efforts to convince men to promote women. When speaking to bosses, he stresses data showing that companies […]
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Rivigo is helping the Indian truck-driving industry out of a jam

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Rivigo is helping the Indian truck-driving industry out of a jam
Time to freshen up the model THERE are 36 gradations in India’s archaic caste system, from the priestly to the supposedly untouchable. And then, somewhere below that, are the long-haul truck-drivers. Plying the subcontinent’s potholed highways for weeks at a time, few can settle into anything like a home life. Their marriage prospects are grim; […]
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Why a Labour government might mean a fall in sterling

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Why a Labour government might mean a fall in sterling
THE British Labour Party is in buoyant mood at its annual conference, expecting to be in power very soon. And it has already started to think about the consequences, including a possible run on the pound if it takes office. But not everyone thinks this is likely; Simon Wren-Lewis, an economist, challenged people to think […]
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Sleep pods are becoming increasingly common at airports

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Sleep pods are becoming increasingly common at airports
IN THEORY, overnight air travel should be wonderfully convenient. Instead of booking a hotel for the night and losing a day, travellers simply sleep while they fly. In reality, sleeping on a plane is hard, and at an airport tougher still. The chairs in terminals, nobody’s idea of comfort to begin with, tend to have […]
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Toys “R� Us files for bankruptcy

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Toys “R� Us files for bankruptcy
ASK young American parents about Toys “Râ€� Us and they are likely to be able to sing a jingle from their childhood: “I don’t wanna grow up, ’cause maybe if I did, I couldn’t be a Toys ‘R’ Us kidâ€�. For children of the 1980s, Toys “Râ€� Us was a mecca at the strip mall, […]
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A legal vulnerability at the heart of China’s big internet firms

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A legal vulnerability at the heart of China’s big internet firms
COMPANIES’ legal structures are usually mind-numbing fare. But occasionally it is worth pinching yourself and paying attention. Take “variable interest entitiesâ€� (VIEs), a kind of corporate architecture used mainly by China’s tech firms, including two superstars, Alibaba and Tencent. They go largely unremarked, but VIEs have become incredibly important. Investors outside China have about $1trn […]
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New rail routes between China and Europe will change trade patterns

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New rail routes between China and Europe will change trade patterns
ASTANA in Kazakhstan is one of the world’s most remote capitals, surrounded by thousands of kilometres of empty steppe. This summer Astana attempted to launch itself onto the global stage by hosting the World Expo, which closed on September 10th and underwhelmed many attendees. But there are other ways to have an impact. On the city’s […]
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The business of sperm banks

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The business of sperm banks
Fruit of a global supply chain BROWSING websites that list sperm donors is weirdly similar to online dating. “Sanford is the total package,â€� begins one online ad, describing his strong jawline and piercing blue eyes. With a degree in finance and a “charming demeanourâ€�, he is more than a pretty face. You can listen to […]
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Global LNG giants turn to poor countries for new markets

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Global LNG giants turn to poor countries for new markets
Bringing rivers of the liquefied stuff WHEN it comes to liquefied natural gas (LNG), the supermajors have supersized appetites. The likes of Royal Dutch Shell, ExxonMobil and BP make discoveries described as “elephantsâ€�; their cost overruns alone can run into the tens of billions of dollars; and projects take the best part of a decade […]
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America’s utilities prepare for a nuclear threat to the grid

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America’s utilities prepare for a nuclear threat to the grid
When the lights go out WHEN North Korea said on September 3rd that it had developed a hydrogen bomb, adding that it could be used for a “super-powerfulâ€� high-altitude electromagnetic pulse (HEMP) attack, America’s electricity industry was already on alert. Sceptics tend to dismiss as far-fetched the idea that the rogue regime would knock out […]
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Panipat, the global centre for recycling textiles, is fading

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Panipat, the global centre for recycling textiles, is fading
Tools of the shoddy trade WHEN the doors open to the warehouse at Ambey Spinning Mills in Panipat, a city 90km from Delhi, it seems as if its contents might tumble out like those of an overstuffed cupboard. Heaps of clothes are piled to the ceiling. Ten women meticulously extract zips, chains and buttons from […]
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Mobile technology is revamping loyalty schemes

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Mobile technology is revamping loyalty schemes
THOSE of a cynical bent might think Tom Stuker a glutton for punishment. Over the years, Mr Stuker has flown more than 18m miles (29m kilometres) on United Airlines, a carrier not always renowned for treating its passengers tenderly. Mr Stuker may possess the world’s most impressive frequent-flyer account. Over the past half-decade he has […]
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An infrastructure for charging electric vehicles takes shape

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An infrastructure for charging electric vehicles takes shape
A NEW phrase, “range anxietyâ€�—the fear that an electric vehicle (EV) will run out of power before it reaches a charging-point—entered the Oxford English Dictionary in 2013. At the time a Nissan LEAF, the world’s best-selling EV, could travel only 120km between charges. A car with a full tank of fuel will travel 650-800km between […]
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What effect is Donald Trump really having on American tourism?

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What effect is Donald Trump really having on American tourism?
WHEN Donald Trump was inaugurated in January, he wasted no time in trying to bar people from certain Muslim-majority countries entering America. He swiftly, too, promised to make good on his pledge to build a wall along the Mexican border. The nation’s travel industry shuddered. It did not feel like the actions of a man keen […]
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A survey finds support for both globalisation and import tariffs

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A survey finds support for both globalisation and import tariffs
IN JANUARY 2000, George W. Bush, then a presidential candidate, said: “If the terriers and bariffs are torn down, this economy will grow.â€� His eloquence did little for the cause of free trade. Tariffs have consistently retained broad global support despite the spoonerism. GlobeScan, a consultancy, has regularly conducted surveys in several developing and developed […]
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Pricey housing markets mean co-living buildings are on the rise

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Pricey housing markets mean co-living buildings are on the rise
  MONDAY is “Game of Thronesâ€� night at The Collective’s Old Oak building. Millennials congregate in TV rooms around the 11-storey, 550-person block. Some gather at the cinema, lounging on bean bags decorated with old graphics from Life magazine. Nothing gets residents out of their rooms like the hit TV show. This is not a […]
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Naspers comes under fire for free-riding on Tencent

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Naspers comes under fire for free-riding on Tencent
SOUTH AFRICA’S stockmarket has Naspers largely to thank for its recent record highs. Shares in the media and internet group have soared by 45% this year; even before then it was Africa’s most valuable firm. So recent unrest among shareholders in Naspers might seem unwarranted. But in the days before its annual general meeting in […]
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Richard Branson on the "outlandish" way he marketed Virgin on a shoestring budget

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Richard Branson on the "outlandish" way he marketed Virgin on a shoestring budget
In the age of social media, marketing a business or startup on the cheap usually involves a Facebook or Twitter account, some content, and a lot of crossed fingers. But when Richard Branson was launc… Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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