The Fed may deny it, but Americans know that prices are rising. In this week's Newsweek, Niall Ferguson takes a look at the Great Inflation of the 2010s.
"I can't eat an iPad." This could go down in history as the line that launched the great inflation of the 2010s.
Related story on The Daily Beast: How Obama Screwed Volcker
Back in March, the president of the New York Federal Reserve, William Dudley, was trying to explain to the citizens of Queens, N.Y., why they had no cause to worry about inflation. Dudley, a former chief economist at Goldman Sachs, put it this way: "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful. You have to look at the prices of all things." Quick as a flash came a voice from the audience: "I can't eat an iPad."
Dudley's boss,...
"I can't eat an iPad." This could go down in history as the line that launched the great inflation of the 2010s.
Related story on The Daily Beast: How Obama Screwed Volcker
Back in March, the president of the New York Federal Reserve, William Dudley, was trying to explain to the citizens of Queens, N.Y., why they had no cause to worry about inflation. Dudley, a former chief economist at Goldman Sachs, put it this way: "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful. You have to look at the prices of all things." Quick as a flash came a voice from the audience: "I can't eat an iPad."
Dudley's boss,...
- 5/2/2011
- by Niall Ferguson
- The Daily Beast
Obama was right to back a no-fly zone over Libya. But he should have done it weeks ago. In this week's Newsweek, Niall Ferguson dissects Obama's epic indecision on what to do about Libya.
"If it were done when 'tis done, then 'twere well it were done quickly." Macbeth's famous line before he kills Duncan came to mind last week, when President Obama belatedly changed his mind about military intervention in Libya. Like Obama, Macbeth fervently hopes that "this blow might be the be-all and the end-all" :
Related story on The Daily Beast: My Harrowing Libya Escape
But in these cases ... we but teach Bloody instructions, which, being taught, return To plague the inventor: this even-handed justice Commends the ingredients of our poison'd chalice To our own lips.
The president has been more Hamlet than Macbeth since the beginning of the revolutionary crisis that has swept the desert lands...
"If it were done when 'tis done, then 'twere well it were done quickly." Macbeth's famous line before he kills Duncan came to mind last week, when President Obama belatedly changed his mind about military intervention in Libya. Like Obama, Macbeth fervently hopes that "this blow might be the be-all and the end-all" :
Related story on The Daily Beast: My Harrowing Libya Escape
But in these cases ... we but teach Bloody instructions, which, being taught, return To plague the inventor: this even-handed justice Commends the ingredients of our poison'd chalice To our own lips.
The president has been more Hamlet than Macbeth since the beginning of the revolutionary crisis that has swept the desert lands...
- 3/21/2011
- by Niall Ferguson
- The Daily Beast
Mr. President, don't send guns to the Libyans. Send them a piece of paper. In this week's Newsweek, Niall Ferguson has a message for Obama-take advice from President Gerald Ford. Yes, President Ford.
President Obama is reluctant to intervene in the bloody civil war now under way in Libya. As a senior aide told The New York Times last week, "He keeps reminding us that the best revolutions are completely organic." I like that notion of organic revolutions-guaranteed no foreign additives, exclusive to Whole Foods. I like it because, like so much about this administration, it is both trendy and ignorant.
Related story on The Daily Beast: Wanted: Humanitarians at Home
Was the American Revolution "completely organic"? Funny, I could have sworn those were French ships off Yorktown. What about Britain's Glorious Revolution, the one that established parliamentary rule? Strange, I had this crazy idea that William III was a Dutchman.
President Obama is reluctant to intervene in the bloody civil war now under way in Libya. As a senior aide told The New York Times last week, "He keeps reminding us that the best revolutions are completely organic." I like that notion of organic revolutions-guaranteed no foreign additives, exclusive to Whole Foods. I like it because, like so much about this administration, it is both trendy and ignorant.
Related story on The Daily Beast: Wanted: Humanitarians at Home
Was the American Revolution "completely organic"? Funny, I could have sworn those were French ships off Yorktown. What about Britain's Glorious Revolution, the one that established parliamentary rule? Strange, I had this crazy idea that William III was a Dutchman.
- 3/14/2011
- by Niall Ferguson
- The Daily Beast
According to the United Nations there are far more men on the planet than women. The gender gap is especially pronounced in Asia. In this week's Newsweek Niall Ferguson looks at the ominous rise of a bachelor generation.
In 1927, Ernest Hemingway published a collection of short stories titled Men Without Women. Today, less than a century later, it sums up the predicament of a rising proportion of mankind.
Related story on The Daily Beast: Galliano Erased at Christian Dior
According to the United Nations, there are far more men than women on the planet. The gender gap is especially pronounced in Asia, where there are 100 million more guys than girls. This may come as a surprise to people in the Western world, where women outnumber men because-other things being equal-the mortality rate for women is lower than for men in all age groups. Nobel Prize-winning economist Amartya Sen calls it...
In 1927, Ernest Hemingway published a collection of short stories titled Men Without Women. Today, less than a century later, it sums up the predicament of a rising proportion of mankind.
Related story on The Daily Beast: Galliano Erased at Christian Dior
According to the United Nations, there are far more men than women on the planet. The gender gap is especially pronounced in Asia, where there are 100 million more guys than girls. This may come as a surprise to people in the Western world, where women outnumber men because-other things being equal-the mortality rate for women is lower than for men in all age groups. Nobel Prize-winning economist Amartya Sen calls it...
- 3/7/2011
- by Niall Ferguson
- The Daily Beast
The UK has dominated the winners list at this year's International Emmy Awards, hosted by Graham Norton last night at the New York Hilton. British stars Ben Whishaw and Julie Walters were recognised as the best actor and actress respectively, while UK-made programmes The Mona Lisa Curse, Dustbin Baby and The Ascent of Money also won awards. As previously announced, Sir David Frost was given the 'Founders Award' for lifetime achievement in the industry. Japanese show (more)...
- 11/24/2009
- by By Mayer Nissim
- Digital Spy
New York -- Brazil took home the country's first-ever International Emmy Award on Monday night, while the U.K. once again won the most statuettes -- five out of 10.
Hosted by Graham Norton, the International Academy of Television Arts & Sciences' 37th annual black-tie gala at the New York Hilton honored Brazil's TV Globo in the telenovela category for its "India -- A Love Story."
Shows from Japan, Denmark, the Netherlands and Germany also received International Emmys. Japan's "Hishi Shinichi's Short Shorts" won in the competitive comedy category, which also included U.K. nominee "Peter Kay's Britain's Got the Pop Factor ...," Brazil's "The Slum" and Germany's "Turkish for Beginners." And Dutch entry "The Phone" beat out such other nonscripted entertainment nominees as "I'm a Celebrity ... Get Me Out of Here" from the U.K. and "The Amazing Race Asia" from Singapore.
The U.K. dominated the two actor categories, with...
Hosted by Graham Norton, the International Academy of Television Arts & Sciences' 37th annual black-tie gala at the New York Hilton honored Brazil's TV Globo in the telenovela category for its "India -- A Love Story."
Shows from Japan, Denmark, the Netherlands and Germany also received International Emmys. Japan's "Hishi Shinichi's Short Shorts" won in the competitive comedy category, which also included U.K. nominee "Peter Kay's Britain's Got the Pop Factor ...," Brazil's "The Slum" and Germany's "Turkish for Beginners." And Dutch entry "The Phone" beat out such other nonscripted entertainment nominees as "I'm a Celebrity ... Get Me Out of Here" from the U.K. and "The Amazing Race Asia" from Singapore.
The U.K. dominated the two actor categories, with...
- 11/23/2009
- by By Georg Szalai
- The Hollywood Reporter - Movie News
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