Shaping of the Free market

In 1966 two columnists from Newsweek magazine to debate the world of business and economics. Two most influential economist Paul Samuelson was an authority on Keynesian economics which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory, and Milton Friedman, little known at that time outside conservative academic circles,…

Pandora Papers, financial secrets of global elite exposed

Pandora Papers The latest Pandora papers exposes offshore dealings and secret financial documents of presidents, prime ministers and royalties. Thirty five current and former leaders and more than 300 public officials are featured in the files from offshore companies, dubbed the Pandora Papers.King of Jordan amassed £70m secret UK and US properties empire. Blairs saved…

Incisive portrait of a big tech tycoon

Entrepreneur, Peter Thiel, a right wing student at the Stanford University in the 1980 as a burgeoning conservative, and a tech investor from Silicon Valley over the past two decades, became the ardent backer of Donald Trump. The Contrarian is the biography of venture capitalist Peter Thiel, the enigmatic, controversial and hugely influential power broker…

Insight into the pandemic shutdown

The new virus news emerging from China in December 2018, risk-averse financial markets were alert to its potential for disruption. Yet they could never have predicted the total economic collapse that would follow Covid-19’s wake, as stock markets fell faster and harder than at any time since 1929, currencies across the world plunged, investors panicked…

Spoon full of sugar could cost lot more

Nany-state scheme would cost shoppers £4.8billion a year according to John O’Connell head of the  Taxpayer’s alliance who said “ This is yet another case of middle-class meddling that will hit the poorest families hardest”. The processed food market is valued £200 billion and the food and drink service sector is close to 70 billion.…

Amazon invest $1bn in India- a key growth market

Jeff Bezos, Amazon boss has announced £770m ( $1bn) investment in India, digitising small and medium businesses allowing them to sell and operate online, saying the country is a key growth market. Speaking in New Delhi he said the 21st century is “going to be the Indian century”. The e-commerce billionaire’s three-day visit to India…

Maritime power of London amid civil war and plague

Margarette Lincoln, former deputy director of the National Maritime Museum, brings detailed account of London life -the gardens, the coffee houses, the shopping and charts the impact of national events growing citizenry with its love of pageantry, spectacle and enterprise. When the Thames froze  over and Mary Evelyn, wife of the diarist John, complained about…

US tax code has one rule for the rich and another for the rest

Seventy one per cent of Americans believe the economy is rigged in favour of the rich starting with tax code. Former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires and Erica Payne, the organization’s founder, reveals and engaging and enlightening insider’s tour of th nations tax code, explaining how “the rich” manipulate…

Budget 2021- Sunak’s support for Covid-19 totals £407bn

“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…