TAURUS
Lessons from a fight between economists and historians
IN A fascinating new piece at the Chronicle of Higher Education, Marc Parry examines an intense, ongoing debate between historians and economists on the role American slavery played in the industrial revolution. A number of recent books by historians (including Edward Baptist’s The Half Has Never Been Told, with which The Economist has an unfortunate history) argue that growth in output in American cotton, made possible by America’s slave economy (and rising brutality within it), was crucial in fostering the nascent industrial revolution, which had its beginnings in the mechanisation of textile industries. The conclusions of these historians stand in stark contrast to the general view among economists and economic historians, that in the absence of slavery, industrialisation would have occurred more or less as it actually…Continue reading
Los ‘millennials’ no escatiman a la hora del café
Cadenas como Starbucks o McDonald’s se lanzan con nuevas propuestas ‘gourmet’ a por los jóvenes, dispuestos a pagar más por lo exclusivo y sofisticado
Errejón y sus afines plantan cara a Iglesias y piden un congreso «democrático»
Íñigo Errejón, Rita Maestre, Pablo Bustinduy, Àngela Ballester, Jorge Moruno, Tania Sánchez o Sergio Pascual, entre los firmantes. Leer
Coca-Cola cambia de consejero delegado para impulsar su transformación
Muhtar Kent será sustituido en mayo por James Quincey, que ha dirigido el negocio de la multinacional en Europa y México
Blanco despedirá a toda la plantilla y cerrará en dos meses sus tiendas
La cadena de moda admite que no es viable y acumula una deuda de 133 millones. Este viernes iniciará en el juzgado los trámites para presentar un ERE que afectará a 835 trabajadoras
Why Donald Trump can’t create 25m jobs
DONALD TRUMP promises to deliver 25m jobs over the next decade, 18m more than is forecast today. In our print edition, we have consistently argued that this is infeasible, because America is ageing rapidly:
Arithmetic suggests this pledge is fanciful: even if the labour-force participation of 25- to 54-year-olds returns to its record high, only 4.3m new workers will appear by 2024.
But at Free Lunch, a blog at the Financial Times, the excellent Martin Sandbu disagrees:
The US is seriously underperforming relative to its own record on employment. The employment-to-population ratio for 25 to 54-year-olds (which should not be affected by ageing or college attendance) is 78.1 per cent, almost four points below the record set in the last year of the Bill Clinton presidency. The ratio for 16 to 24-year-olds is 10 points down. Restoring those ratios should add about 8m-9m jobs or 6 per cent of the…Continue reading
21st Century Fox pacta la compra del 61% de Sky para controlar toda la cadena
La operación no está cerrada, pero cuenta con el visto bueno de ejecutivos de ambos grupos
El Gobierno nombra a Pilar Platero presidenta de la SEPI
La nueva titular del grupo empresarial público ocupaba en la actualidad el cargo de subsecretaria de Hacienda
El BCE y Bruselas urgen a Bankia y BMN a culminar su privatización
«La venta de Bankia y BMN necesita completarse», afirman, en contraposición con el anuncio del Gobierno de prolongar dos años más el paso a manos privadas de la entidad presidida por Ignacio Goirigolzarri. Leer