Top Stories

Articles by The Corner

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
No Picture

World economy 1st November 2013

Solving the U.S. Employment Emergency

NEW YORK | The Corner Team | The U.S. has a 7.3% unemployment rate but its underemployment is estimated to be of at least 5%. “Underemployed” are those citizens employed part time, but want to work full time, or jobless. This adds to the Federal Reserve’s caution in deciding when to trim its monthly bond purchases. In the video (via The Next New Deal), Roosevelt Institute Senior Fellow and Director of the Bernard L. Schwartz Rediscovering Government Initiative Jeff Madrick explains three steps the government could take to address the jobs emergency.

No Picture

Spanish economy 31st October 2013

Spain More Business-Friendly Than in 2012

WASHINGTON | The Corner Team | Thanks to the implemented reforms between June 2012 and June 2013, Spain has become more business-friendly, according to a report by the International Finance Corporation (IFC) and the World Bank. Among others, the country eliminated the requirement to obtain a municipal license before starting operations.

 

No Picture

World economy 30th October 2013

U.S. Spying Scandal: Europe’s Sputnik moment

BERLIN | By at Cicero via Presseurop | Beyond the outrage, the American spying scandal should serve as a wake-up call to the Europeans. Just like the first Soviet satellite pushed the Americans to go into space, these revelations should motivate the Europeans to catch up in information technology.

No Picture

Markets 30th October 2013

Fixed-income, a Good Business for Banks

MADRID | By Francisco López | In the current context of scarce credit activity and low interest rates, a substantial part of banks’ financial income originates in the fixed income portfolio. The banking sector’s balances of fixed-income come to €540 billion, which represent 17% of the total balance (around half of them being public debt).