Financial Times

Manufacturing and the Limits of Comparative Advantage

Ralph Gomory | Posted 07.08.2009 | Business


Ralph Gomory

Vague talk about future innovations, a post-industrial society, or an explosion of services exports is not the stuff on which to bet the prosperity of a nation.

U.S. Launches Complaint at WTO Over Chinese Export Curbs While Giving OPEC/Saudi Arabia a Free Pass

Raymond J. Learsy | Posted 06.25.2009 | Business


Raymond J. Learsy

Though Obama has enough on his plate, if time and energy can be directed at China because of export trade constraints, then certainly action against the OPEC cartel is long overdue.

Martin Wolf: Why Obama's Financial Reforms Won't Work

ft.com | Martin Wolf | Posted 06.24.2009 | Business


Proposals for reform of financial regulation are now everywhere. The most significant have come from the US, where President Barack Obama's administra...

On the Matter of the M.B.A. Oath

Robert Teitelman | Posted 06.23.2009 | Business


Robert Teitelman

The real-life goal of management is to create wealth. The only MBA oath that makes sense should resemble that of doctors: do no harm.

The Wall Street Journal Glosses Over the Pitfalls of Credit Default Swaps

David Fiderer | Posted 06.17.2009 | Business


David Fiderer

Credit default swaps are insurance without the normal restraints imposed traditional insurance. Normally, you are not supposed to insure an asset that you do not own.

If We Are Recovering, Thank Government, Don't Blame it

Jeff Madrick | Posted 06.14.2009 | Business


Jeff Madrick

Capitalism, unfettered by proper regulation and limits, did fail. If the economy is reaching bottom, government intervention did indeed save the day.

Can Facebook Be Saved?

Michael Wolff | Posted 06.03.2009 | Media


Michael Wolff

Facebook 'credits' to buy virtual goods from the third-party applications that run on the site is one of the ways Facebook plans to make money.

Oil Prices: Russia's Medvedev is Puzzled But the Financial Times Knows Best

Raymond J. Learsy | Posted 06.03.2009 | Business


Raymond J. Learsy

Far be it for the Financial Times, forever the apologist for any upward aberration in oil prices, to discuss the machinations of OPEC, or trading aberrations on commodity exchanges.

Financial Times Editorial: Newspapers Must Convince Readers Product Worth Paying For

Financial Times | Posted 05.26.2009 | Media


Perhaps some of the reporting done up to now by for-profit papers will in future be funded by foundations or trusts. But the industry should not lose ...

Financial Times Circulation Drops Following Price Hike

Guardian | Steve Busfield | Posted 05.08.2009 | Media


The Financial Times's circulation dipped by 2.51% last month after the paper raised the price of its daily and weekend editions. Pearson's financia...

Media Literacy 101: How to Detect Fear-Mongering -- Pakistani Nukes & Swine Flu

Susan Moeller | Posted 05.04.2009 | Media


Susan Moeller

How can you tell whether you are getting a story that is balanced and proportionate to the crisis or one that is fanning panic and hysteria? One quick guide is to evaluate the pictures.

China Bans Foreign Financial News Services

Financial Times | Posted 05.01.2009 | World


China raised the spectre of renewed international trade friction over market access for foreign financial information providers as the government said...

Why Did Financial Journalists Miss the Financial Crisis?

Neena Satija | Posted 04.22.2009 | Media


Neena Satija

Financial journalists failed because they're in the same straits that most journalists have been in for a while now: Understaffed and unduly influenced by their revenue sources and by the public.

Hank Paulson, The Unnamed "Decider" In The Merrill Lynch Saga

David Fiderer | Posted 04.15.2009 | Business


David Fiderer

Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?

Fake Financial Times Handed Out By G-20 Activists Spoofs Recession Reporting

Christian Science Monitor | Posted 03.29.2009 | Media


Has The Onion's radical cousin sprouted in London? On Friday, less than a week before the Group of 20 meeting, anti-capitalist protesters in London...

China Confidential: FT's Great New Newspaper Model

Thomas Crampton | Posted 03.18.2009 | Media


Thomas Crampton

Early this month the Financial Times launched China Confidential, a high-end, China-focused news service headed by former China bureau chief, James Kynge.

Sunday Roundup

Arianna Huffington | Posted 03.14.2009 | Politics


Arianna Huffington

Hot on the heels of his Reversal on Rush, RNC Chairman Michael Steele this week delivered his U-turn on Choice -- first saying women "absolutely" have the right to choose abortion then, after having his knuckles rapped, asserting his pro-life bona fides: "always have been, always will be." At a time when there is a serious discussion around the world about the future of capitalism, including a must-read series in the Financial Times, the GOP is so devoid of actual ideas that spineless lightweights like Steele -- and cartoon characters like Rush Limbaugh, Joe the Plumber, and Sarah Palin -- are able to step in and fill the intellectual void. Bill Buckley must be spinning in his grave.

Twitter...Life in 140 Characters or Less

Brooke-Sidney Gavins | Posted 03.09.2009 | Media


Brooke-Sidney Gavins

And as interesting (or not) as this whole conversation about what Twitter is, the better question to ask is why are people using it? Why has Twitter caught on?

The Financial Times: Capitalism Has Failed

Jonathan Tasini | Posted 03.09.2009 | Business


Jonathan Tasini

Yes, that is the underlying message delivered today by one of the world's leading financial publications. For many of us, this is no surprise: you h...

Fair Value Accounting Is Back -- Was It Here All Along?

Jeremy Newman | Posted 03.04.2009 | Business


Jeremy Newman

Frank-Walter Steinmeier, the Social Democrat candidate to be the next German Chancellor, has a new take on Fair Value Accounting. He criticized it and said it had encouraged risk taking.

Financial Times To Cut Sports Coverage, Page Count

Guardian | Caitlin Fitzsimmons | Posted 02.05.2009 | Media


The Financial Times is dropping sports coverage and cutting its page count as part of a cost-cutting drive. An FT spokesman said the Saturday sport...

Financial Times Sues Billionaire Schwarzman For Sharing Single $300 Online Subscription With Office

New York Post | KAJA WHITEHOUSE | Posted 01.31.2009 | Media


Poor Steve Schwarzman. The billionaire buyout king, made infamous for his million-dollar birthday party two years ago and a penchant for $40 crab leg...

Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 01.27.2009 | Business


Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.

Financial Times Layoffs: 80 Lose Jobs

Guardian | Stephen Brook and Mark Sweney | Posted 01.12.2009 | Media


The Financial Times group is planning to make up to 80 staff redundant across its global operations, telling journalists today that 2009 will be a "cr...

Murdoch and Polonius: A Subscriber's Report

Martin Nolan | Posted 12.15.2008 | Media


Martin Nolan

In 2008, during the biggest financial news story since 1929, the credibility of the Wall Street Journal's ed page coughed, sputtered, and collapsed.