FURTHER FURTHER READING
- Mr Kuroda’s vacation plans.
- US budget bedlam coming this fall.
- The anniversary of S&P’s downgrade of the US.
- A new paper on the minimum wage and job growth.
- Larry Summers in real-time.
Washington Post sold to Bezos for $250m: “ Jeff Bezos, Amazon’s founder, is to buy the Washington Post newspaper for $250m, his first foray into print journalism and one that will shake-up the newspaper sector. The deal signals the end of the Graham family’s ownership of the iconic newspaper and the latest struggling US metropolitan newspaper to be bought by a billionaire.” (Financial Times
Google’s Brin bankrolls lab-grown burger: ” Sergey Brin, the billionaire founder of Google, has emerged as a bankroller of a project that has been dubbed the future of meat – laboratory-grown beef. The first public tasting of a meat produced under the Dutch project took place in London on Monday. In 10 to 20 years, project leaders believe such burgers will be on supermarket shelves.” (Financial Times)
Search for Bank of Israel chairman intensifies: “Benjamin Netanyahu, prime minister, and Yair Lapid, finance minister, are facing withering criticism from political opponents and the media as they scout for a central bank chief for the third time in five weeks, more than a month after Stanley Fischer stepped down, leaving Karnit Flug, his deputy, as caretaker.” (Financial Times)
EBA seeks to reassure on bank risk models: “Wide disparities in the way European banks calculate risk for their sovereign and top-quality corporate debt holdings stem mostly from variations in regulation and differences in collateral and maturity, rather than any consistent effort to play down potential losses on their balance sheets, the pan-EU banking supervisor has found.” (Financial Times)