Comments, analysis and other offerings from Tuesday’s FT,
Gideon Rachman: And now for a world government
Rachman discusses how for the first time in his life he believes the formation of some sort of world government is plausible.
Philip Stephens: Never mind the recession – save the pound
Stevens says Britain is not about to rush into the euro despite the flurry of speculation that the recession could tempt Gordon Brown to swap sterling for the single currency.
Opinion: Calls for a German fiscal stimulus defy logic
Bank of America’s Holger Schmiedingmost argues calls for a big German bang to help save the world defy economic logic, ignore history and disregard the political dynamics.
Willem Buiter’s Maverecon
Buiter on the essential differences between quantitative easing and qualitative easing, what he calls a “terminological and taxonomic” proposal.
Editorial Comment: Obama digs deep to escape the hole
The FT mulls the size and scope of the potential Obama stimulus, hoping it will provide for massive new investment in infrastructure, possibly the biggest since the construction of the federal highways in the 1950s, the president-elect has indicated.
John Authers: Short View
Are the capital markets a patient needing a blood infusion or an addict in need of ever greater doses of drugs?
Lex on the fate of the Tribune
Wondering why Sam Zell, the real estate mogul, known for his ability to sniff out attractive but distressed assets, was unable to turn round the debt-laden media company the way he did so many times before with office buildings and shopping centres.