Comment, analysis and other offerings from Friday’s FT,
Joseph Stiglitz: Do not squander America’s stimulus on tax cuts
The Nobel prize winning economists says when Barack Obama, president-elect, last week proposed to use nearly 40 per cent of the stimulus for tax cuts, he was rightly told this would be less effective than, say, spending on infrastructure.
Richard Lambert: Tax payers must plug the big companies’ credit gap
The director-general of the CBI employers’ organisation argues the credit crunch is now approaching its most dangerous moment for ordinary businesses up and down the UK. Decisions within the next few weeks will have a lasting impact on the shape of British industry in the years ahead.
Philip Stephens on the Obama challenge
There has been much talk lately that the world, and Europe in particular, is destined to be disappointed in Mr Obama. To my mind it would be more tactful to wait at least until he has taken the oath of office before losing faith in this remarkable politician.
Lex on US banking blues
This is familiar territory, echoing the build-up to last year’s capital injections under the Troubled Asset Relief Programme. Déjà vu can be the most unsettling feeling
FT Video: View from the top
Ford chief Alan Mulally on the bailout, a gas tax and the economy
Editorial Comment: Rebalancing the Chinese economy
China’s growth statistics are not always reliable. But there is no obvious reason to doubt revised statistics showing that the world’s third biggest economy grew 13 per cent in 2007.
Maverecon: Ten years of the Euro
Willem Buiter pitches for the UK to join the eurozone.
Interactive Graphics on house prices across Europe
The FT European house price guide (updated with Q2 2008 figures) provides an overview over house price movements across Europe, identifying former hot-spots that are turning cold and visualising how in some countries the pace of activity never really warmed up.
