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[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] Rule #1 in central banking: Never go full Draghi. Mario Draghi, of course, is the President of the European Central Bank (ECB) who pledged to do “whatever it takes” to save the euro. Or was it save
19-year old Hannah Cohen should have been partying. Living with multiple disabilities like paralysis, partial deafness, and blindness in one eye, Hannah also suffers from a brain tumor. And five days ago, she and her mother were traveling home via Memphis International Airport to celebrate the end of her cancer
[Editor’s note: Check out Simon’s video podcast of today’s Notes.] In the late 12th century while the rest of Europe was choking on feudalism, Venice was rapidly becoming the most advanced power on the continent. At that point Venice had already created a free society where anyone, regardless of origin or
Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were nothing short of damning. According to their calculations, for example, these analysts claim that Social Security is already running a huge deficit to the tune of
In the year 605 AD, Emperor Yang of the Sui dynasty in China formally established what became known as the ‘imperial examination.’ This was a standardized test that public officials were required to take, covering everything from arithmetic to writing to military science. The idea was to ensure that all
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] So the British people have finally spoken. The Establishment, however, chose not to hear them, turning its perpetual tin ear to criticism from below. As the flag-bearer for an unaccountable, hypocritical and increasingly bewildered elite, Martin Wolf
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