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Growth of a revolutionary boomtown

BBC - Timisoara, the cradle of Romania’s 1989 revolution, is enjoying an economic revival. Nick Thorpe reports on urban wealth and a city balancing between empires old and new.

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Eurozone’s stagnant growth and inflation present rates dilemma

Times - The European Central Bank’s dilemma over interest rates deepened yesterday as new figures pointed to a “toxic cocktail” of stagnant growth and spiralling inflation. Jean-Claude Trichet, the President of the ECB, hinted this month that borrowing costs would rise to control inflation, which has soared to a record 3.7 per cent.

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Scarcity in an Age of Plenty

Project Syndicate by Joseph E. Stiglitz - The world needs to rethink the sources of growth. If the foundations of economic growth lie in advances in science and technology, not in speculation in real estate or financial markets, then tax systems must be realigned. Why should those who make their income by gambling [...]

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The next blue chip

Economist - The diffusion of new riches around the globe has helped the top end of the art market. As financial woes beset Europe and America, the auction houses are being kept afloat by other countries’ growth. Unlike the art-auction slump of the early 1990s, the current market is characterised by a welcome [...]

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