The received wisdom today is that nobody saw the 2008 crisis coming. But that’s just not true, says. John Stepek Lots of people saw it coming, and said so at the time.
This week’s formal reopening of the border between Ethiopia and Eritrea cements a stunning reconciliation.
But the party has shifted the terms of the debate. Matthew Partridge reports.
Philippines president Rodrigo Duterte has had the limits of his executive power exposed after a botched attempt to imprison his chief opposition critic.
Yet the rebels are unable to agree on a viable successor – or a credible Brexit plan. Emily Hohler reports.
South Africa’s economy fell into recession in the second quarter of 2018, contracting by 0.7% after a decline in GDP between January and March.
A decade on from the collapse of Lehman Brothers, it doesn’t look like we’ve learnt any of the lessons of the credit crunch. But the next crisis won’t look the same as the last one, says John Stepek.
During the 2008 financial crisis, taxpayers had no choice but to underwrite the entire banking industry. And we’re still doing it, says John Stepek.
Ten years ago, the banks brought the global financial system to its knees. John Stepek looks at what lessons – if any – have been learned since then.
The 2008 financial crisis was a result of “moral hazard” – individuals did not bear the full consequences of their actions. Nothing much has changed since then, says John Stepek.
With legalised cannabis, a new multi-billion-dollar industry is beginning to flower. But Britain won’t get a look-in, says Matthew Lynn.