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The Latest Breaking News from Economics

From writer to (aspiring) economist: doing the calculus on something you suck at

I decided to enrol in an economics degree partly because of masochism and partly because AI is rapidly stealing my job

The Guardian - AU

Kamala Harris’s housing plan is similar to a Singaporean strategy

It won’t solve all, but “making the U.S. just a little bit more like Singapore can only be a good thing, and that’s what Harris is trying to do here,” influential economics expert Noah Smith wrote.

Fortune

Kamala Harris says her dad taught her to be fearless, but he’s been markedly absent from her public rise

Family is at the forefront of Kamala Harris’ presidential campaign, and she speaks frequently and fondly of her late mother’s influence – but rarely is there mention of her father. A “Marxist” economics professor who left Jamaica for UC Berkeley, Donald J Harris has said little about his daughter during…

The Independent UK

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‘A big ask’: can Labour fix Britain using modern supply-side economics?

Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity

The Guardian - UK

The latest drop in mortgage rates isn’t enough to bring sellers and buyers off the sidelines

“It seems that borrowing costs would have to fall below 5% to see a full recovery in home buying,” a Capital Economics economist wrote.

Fortune

The violence was shocking but not surprising: Britain’s economy makes it ripe for far-right thuggery

Labour is right to get tough with rioters. But that won’t solve the deep-seated problems stoking the disorder, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

Asylum seekers aren’t ‘taking your jobs’ – but it would be better for all of us if they could work

Amid the racist, far right violence sweeping the UK this week has been a theme present in anti-immigration politics around the world: the idea that immigrants are “taking” jobs that would otherwise go to native-born residents. The economics of labour migration are complicated, and there has been plenty of research…

The Conversation

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Sobering times for UK alcohol-free bars as many struggle to survive

Economics of running a dry bar has led to closures despite the growing popularity of alcohol-free beers and cocktails

The Guardian - UK

Million Euro contracts, expansive budgets and trickle-down economics - the Tour de France Femmes effect

As we approach the 2024 Tour de France Femmes, Cyclingnews takes an in-depth look at the impact on women's cycling

Cycling News

Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says

Capital Economics said a recession is unlikely and growth will even reaccelerate after a soft patch in the second half of this year.

Fortune

Glenn Loury on Economics, Black Conservatism, and Crack Cocaine

The Brown University economist's new memoir Late Admissions covers capitalism, addiction, race, and the academy.

Reason

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

The Guardian - UK

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

Fortune

Boeing appoints Kelly Ortberg as new chief executive – as it happened

Live coverage of business, economics and financial markets as 64-year-old aerospace veteran becomes latest boss tasked with turning around US manufacturer’s fortunes

The Guardian - UK

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The Guardian - UK

Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

The Tories really did leave Britain in a fiscal hole. But austerity cannot be the remedy, writes economics and public policy professor Jonathan Portes

The Guardian - UK

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

The Conversation

What is competition, and why is it so important for prices?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

Books That Shook the Business World: The Ecology of Commerce by Paul Hawken

Business and economics books have influenced business managers, CEOs and, in some cases, entire political economies. But they have also propelled us forward blindly at an ever-increasing pace towards ecological destruction.

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news in one place.

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The Guardian - UK

Chief of staff to ex-Post Office chief Paula Vennells drafted email ‘to discourage investigating prosecutions’ - as it happened

Public inquiry hears Martin Edwards warned of ‘setting the hares running’ among board members as prospect of appeals against unsafe prosecutions of branch owner-operators loomed

Evening Standard

Best books on economics: Accessible reads on a complex topic

Ten luminary books on economics and finance, to further your fiscal fundamentals

The Guardian - UK

Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened

Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandal

The Guardian - UK

Thames Water credit rating downgraded to ‘junk’ status by Moody’s – as it happened

Live coverage of business, economics and financial markets as rating agency says water company will struggle to find new investment

The Independent UK

Son fears father could die after year detained in Azerbaijan as political prisoner

It is a year since London School of Economics professor Gubad Ibadoghlu was unlawfully imprisoned in Azerbaijan. Tom Watling speaks to his son, 24-year-old Ibad

The Guardian - UK

Boxer Delicious Orie: ‘I wouldn’t go to the Olympics if I didn’t think I would win a gold medal’

In the run-up to Paris, the amateur boxer tells Donald McRae about his friendship with Anthony Joshua and how, in another life, he may have been on the Russia-Ukraine war frontlines

Top News

Capital Economics: Minimal Economic Impact Expected From IT Disruption

Capital Economics' early assessment indicates minimal macroeconomic impact of recent disruption.

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