Author Archive: Economist

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Bond yields reliably predict recessions. Why?

Bond yields reliably predict recessions. Why?

AS NAMES for market phenomena go, “inverted yield curve” lacks a certain punch. It is no “death cross” or “vomiting camel”. But what it lacks in panache, the inverted yield curve more than makes up for in predictive potency. Just before each of America’s most recent three recessions the yield curve for government bonds “inverted”, […]

July 26, 2018 | By | Reply More
Ryanair’s battle with its unions gets nasty

Ryanair’s battle with its unions gets nasty

RYANAIR, Europe’s largest low-cost airline is known for three things: affordable fares, a record of punctuality and the abrasive personality of its chief executive, Michael O’Leary. This summer the biggest set of strikes by pilots and cabin crew in the airline’s history puts the first two of these at risk—though not the third. Owing to […]

July 26, 2018 | By | Reply More
Private equity is piling into health care

Private equity is piling into health care

LAST month KKR, a private-equity firm, announced that it would buy Envision Healthcare, one of America’s largest providers of doctors to hospitals. The deal was valued at $9.9bn, including debt. If shareholders agree to the sale, it will be the largest in a string of health-care investments by KKR, including an ambulance service, a company […]

July 26, 2018 | By | Reply More
The death of Sergio Marchionne leaves a big gap at FCA

The death of Sergio Marchionne leaves a big gap at FCA

THE question of who would replace Sergio Marchionne has been in the air for a year or more, ever since the chief executive of Fiat Chrysler Automobiles (FCA) announced that he would step down in 2019. But the way the answer came was both shocking and sad. Mr Marchionne’s death, at the age of 66, […]

July 26, 2018 | By | Reply More
The death of Sergio Marchionne leaves a big gap at FCA

The death of Sergio Marchionne leaves a big gap at FCA

THE question of who would replace Sergio Marchionne has been in the air for a year or more, ever since the chief executive of Fiat Chrysler Automobiles (FCA) announced that he would step down in 2019. But the way the answer came was both shocking and sad. Mr Marchionne’s death, at the age of 66, […]

July 25, 2018 | By | Reply More
Why Mitsubishi’s new regional jet shouldn’t be written off yet

Why Mitsubishi’s new regional jet shouldn’t be written off yet

A VISITOR to last week’s Farnborough Air Show, held just south-west of London, could easily have been wowed by the variety of military equipment and aircraft on display. But when it comes to large civil airliners, they would be hardly impressed by the choice on offer. In the weeks prior to the show Airbus and […]

July 25, 2018 | By | Reply More
Big corporates’ quest to be hip is helping WeWork

Big corporates’ quest to be hip is helping WeWork

WITH his flowing locks and hip clothes Adam Neumann, co-founder and chief executive of WeWork, looks less like a property baron than the frontman of a rock group. He speaks expansively on the subjects of character, destiny and God. His four-year-old daughter wanders through his office during an interview with The Economist. Yet Mr Neumann, […]

July 24, 2018 | By | Reply More
Football talent scouts become more rational

Football talent scouts become more rational

CHEERS erupted from Calais to Cannes when Kylian Mbappé, a 19-year-old striker, thumped in France’s fourth goal in the World Cup final on July 15th. Among the smuggest onlookers were the accountants at Paris Saint-Germain, Mr Mbappé’s club. He was already a prized asset before the tournament, having broken the record for goals scored by […]

July 24, 2018 | By | Reply More
Income-share agreements are a novel way to pay tuition fees

Income-share agreements are a novel way to pay tuition fees

TO PAY for his professional flight degree at Purdue University in Indiana, Andrew Hoyler had two choices. He could rely on loans and scholarships. Or he could cover some of the cost with an “income-share agreement” (ISA), a contract with Purdue to pay it a percentage of his earnings for a fixed period after graduation. […]

July 24, 2018 | By | Reply More
Google is fined €4.3bn in the biggest-ever antitrust penalty

Google is fined €4.3bn in the biggest-ever antitrust penalty

“THE making of a big tech reckoning,” blared one typical headline earlier this year. “The case for breaking up Amazon, Apple, Facebook and Google,” touted another. Based on media coverage alone it might seem as if the tech titans are in trouble. Add in the news, on July 18th, of a record €4.3bn fine for […]

July 24, 2018 | By | Reply More