Markets can be good, but they are also profoundly susceptible to abusive practices, including by prominent private-sector people. This is not a theoretical concern; it is central to our current policy debates, including important new US legislation that has just been put forward. Source: Saving Capitalism from Economics 101
Tyler Cowen argues that international capital mobility is holding US wages down.
Argues we have two economies: a stagnant one and a dynamic one. They need to looked at separately
Speech given by Andrew G Haldane Chief Economist Bank of England. Market power, concentration and mark-ups have all gone up, especially top quartile. Puzzle with macro.
Focuses on one of the recent Jackson Hole papers which argued that online competition is making prices less sticky. This has implications for central bankers who assume (downward) stickiness in prices. It means central banks should focus less on inflation and care more about output volatility.
No strings, no summer! The 12 chain stores in Beijing are perfect match with the World Cup! https://ift.tt/2LYxoTE The World Cup has already begun! Summer, Of course, you have to drink while you sip Watch the game! I don’t have much to say, Xiaobian will take you to see. What are the good places in the capital! 1 Old Six Strings Store (Sanjianfang) Don’t look at the face of the small face, this is the veteran of the dark food industry in Chaoyang Road. After so many years of accumulation, the mutton of the sixth child is very reassuring. In […]
The New York City Guide for Hipsters https://ift.tt/2Q4XlnP Allbirds 68 Prince St, Soho | 888.963.8944 San Francisco based sneaker start-up Allbirds recently opened their first NYC concept store in Soho, complete with—wait for it—a human sized hamster wheel to test shoe durability. In honor of the opening, they’ve designed custom laces inspired by New York City’s subway lines alongside a new, limited-edition, midnight blue colorway. We love the sustainable ethos behind each pair of shoes-they’re largely engineered from temperature-regulating, odor-minimizing merino wool that’s inspired by co-founder Tim Brown’s Kiwi upbringing. (They’re also ideal for anyone who doesn’t like wearing […]
Apartment bar crawlin’ – Bars https://ift.tt/2Q1VuQR Here at Time Out , we love discovering a new bar in Beijing , whether it’s just opened or has been hydrating its customers for years. Even better than discovering one new bar is discovering five, especially when they’re all handily in the same building. Yolee Plaza on Gongti Bei Lu is obvious from the main road for its Costa Coffee, Pizza Hut and various other uninspiring shopping mall stalwarts. But behind the main mall there are a couple of ordinary-looking apartment blocks, containing some residences, plenty of offices, and, it turns out, […]
19 Most Quirky Bars In London https://ift.tt/2MKJXax Quirky bars and pubs in London Bars and pubs, Cocktail bars Alfred Le Roy Hackney Wick A bar on a boat is what you get from the great Alfred Le Roy, a blue barge associated with the ever-popular Crate Brewery. Gather a crew and get all aboard for a cocktail tour of town that journeys through east London’s canal network. Some of the drinks served even contain kombucha brewed by the company. There’s space for around 40 seated shipmates, and when the bar is stationary in the summer months, it’s well worth […]