The hegemon slips

Some good news for the US economy. The Federal deficit shrank for the fourth month in a row. Employment is picking up. The economy is booming. The Fox News team is comfortably convinced that when the

“Was that it?” A friend who used to be in the oil business and has seen quite a few spikes in the oil price was underwhelmed by Monday’s increase of around 7% in the price of Brent crude. The move was

“Decapitation is not the end,” says John Authers on Bloomberg. “Anne Boleyn’s lips moved as her head was displayed to the crowd after her execution.” The assassination of Iran’s supreme leader Ayatoll

Issue of the week: the oil and gas ...

Here’s a “market paradox”, says Craig Mellow in Barron’s. The more the US government “trash talks Europe, the better it is for the euro”. The single currency has gained 13% against the greenback since

One of the least financially literate people I have ever met was a friend who as a teenager accumulated an unarranged overdraft of £50 on her newly opened bank account. Having been told she must recti