IN 1981 Mauritania became the last country in the world to abolish slavery. Yet although forced labour is now banned everywhere, a new report by the International Labour Organisation (ILO), International Organisation for Migration and the Walk Free Foundation finds that the practice remains widespread.
“WE CAN manage this” declared Angela Merkel, Germany’s chancellor, in 2015, as thousands of asylum seekers made their way towards Europe. Germany’s borders stayed open and some 900,000 people arrived that year. Many predicted social chaos and Mrs Merkel’s downfall.
WHO would bet against the Sage of Omaha? In 2007 Warren Buffett, America’s most accomplished investor, predicted that during the next ten years the S&P 500, the country’s leading index of large-capitalisation shares, would outperform a portfolio of hedge funds. He offered a $1m bet to anyone who disagreed.
Books Book of the week is James C Scott’s Against The Grain (UK) (US) – an examination of the origins of civilisation. Scott – best known for the magnificent Seeing Like A State (US) (UK) – is on fascinating form. There’s a fine long review by John Lanchester in the New Yorker. I’ve been enjoying Ed Thorp’s A Man For All […]
It’s been such fun working on the radio series and book Fifty Things That Made the Modern Economy – but one of the frustrations was all the fascinating ideas, inventions and stories that I couldn’t squeeze into the book. Well, now there are six more on the table – and I’d love you to vote as to […]