Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
After months of campaigning, the “Leave” camp has won and Britain will be leaving the E.U. The Post’s Adam Taylor talks about what that means for the country and Europe. (Adam Taylor,Jason Aldag/The Washington Post) The whole world is reeling after a milestone referendum in Britain to leave the European Union. And although leaders of the campaign to exit…
It’s not just the pound that’s falling after the U.K. voted leave the European Union. Markets all over the world are in full freakout mode, the euro is falling, and investors everywhere are pulling money out of markets and putting it somewhere safe, meaning the U.S. dollar and U.S. government debt have both strengthened. In…
I’m sitting here looking at my burgundy-red British passport, with EUROPEAN UNION emblazoned in gold letters across the top. I’ve fastened the shirt I’m wearing with cufflinks which have the UK flag on one side, and the German flag on the other—my proud European heritage. I’m thinking about everything I loved about growing up in…
U.S. stocks opened sharply lower Friday, reversing recent gains in a global risk-off trade after Britain surprised markets by voting to leave the European Union. The S&P 500 opened 1.88 percent lower in 1986, according to Howard Silverblatt of S&P Dow Jones Indices. Ahead of the U.S. stock market open, pound sterling held off session…
Global markets buckled, with stocks plunging from Tokyo to London and Chicago, as the BBC projected a victory for the “Leave” campaign with most votes counted in Britain’s referendum on membership of the European Union. The pound fell the most on record, while haven assets jumped. Sterling tumbled 10 percent, the euro slid by the most since…
Power-lunch mecca The Four Seasons, which will serve its last meal on July 16 after 57 years, plans a “hush-hush” farewell party for famous customers two days earlier — but loyal employees will get only crumbs. Longtime staffers at the landmark Seagram Building eatery that’s a favorite of boldfacers such as Henry Kravis, Barry Diller…
TO MARK the United Nations’ International Women’s Day on March 8th, we present our “glass-ceiling index” which aims to reveal where women have the best chances of equal treatment at work. It combines data on higher education, labour-force participation, pay, child-care costs, maternity rights, business-school applications and representation in senior jobs. We’ve also included paternity rights as an additional…
What happens when parents leave the workforce because they cannot afford child care? The annual cost of a child care center for a typical American family with an infant and a four-year-old is nearly $18,000. As a result, many parents face the untenable choice between spending an average of nearly 30 percent of their paycheck…
Jun 13th 2016, 13:44 by C.S-W. FINDING a competitive edge is an obsession for those looking to take an MBA. Prospective students spend hours researching the minute details that will take their application from the middle of the pile to the top, and land them a place at a business school that promises plentiful rewards….
Something incredible is underway: Long-term interest rates are collapsing in a big way. German 10-year yields moved into negative territory this week for the first time ever. U.S. 10-year yields have dropped back to 2012 lows. According to Fitch, the volume of global government bonds trading with negative yield has crossed the $10 trillion mark…