‘It’s extraordinary’: Liz Truss’s low-tax gamble has yet to convince Tory MPs | Conservatives

In the hyperbole-fuelled theatre of Westminster, where breathless rhetoric and implausible spin are so often the defining qualities, few events can truly be said to live up to a big billing. Yet when allies of the chancellor, Kwasi Kwarteng, promised a “game-changing” address in the run-up to Friday’s economic announcement, for once the performance matched … Read more

James Meadway, Sound Money? — Sidecar

On 6 September Liz Truss was appointed Prime Minister of the United Kingdom, after a Conservative leadership contest notable for its near-total lack of reference to the social calamity known as the cost-of-living crisis. While the ruling party spent the summer decrying ‘woke culture’ and praising the trickle-down theory, Keir Starmer’s Labour found a new … Read more

The revenge of the material economy

America’s narrow escape last week from a major rail-worker strike brought home an important truth: people who make and ship real things – let’s call them material workers – now hold the whip hand over our supposedly ‘post-industrial’ economy. Firms trading non-tangibles – currency, bits and bots – may still hoard the most cash. But … Read more

Zoom classes: how to cash in on your skills | Money

From designing a website to perfecting a sun salutation or baking sourdough bread, taking an online masterclass became mainstream during the coronavirus pandemic and they continue to be big business. Many are “side hustles” by the class teacher, who uses the cash from ticket sales to supplement their normal income. So, with living costs rising, … Read more

30 Times Rich People Made It Clear To Everyone Else Just How Out Of Touch They Are Without Even Trying

“I mean it’s one banana, Michael. What could it cost? Ten dollars?” Although Lucille Bluth was dead serious when she uttered those words on Arrested Development, we as the viewers found the line hilarious because we could never imagine a person saying such a thing. However, that might just be because most of us are … Read more

The west’s cruelty to migrants will only grow more inhuman. Don’t let the nightmare peddlers win | Mohsin Hamid

In the United States, the Republican governors of Texas, Florida and Arizona are bussing and flying migrants from their states to states governed by Democrats. In the United Kingdom, the government plans to deport migrants to holding facilities in Rwanda, an authoritarian country 4,000 miles to the south, which only a generation ago experienced one … Read more

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more

Why trade couldn’t buy peace

“The story of the human race is war,” said Winston Churchill. “Except for brief and precarious interludes, there has never been peace in the world; and before history began, murderous strife was universal and unending.” In recent decades, policymakers and business leaders who attended gatherings at Davos and had the ears of western leaders were … Read more

What an Italy led by the far-right might mean for Europe

As European household energy bills surged at the onset of a blistering hot summer, Italy’s prime minister Mario Draghi framed the sacrifices he was asking Italians to make on behalf of Ukraine as a stark choice. “Do you want peace,” he asked in April, “or do you want air conditioning?” Now, after the premature collapse … Read more