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Business Stefan Karlsson

  • Bank of England adopts unemployment target

    The Bank of England has practically abandoned its target of moving inflation down to 2 percent, saying it won't consider raising interest rates until unemployment falls below 7 percent, Karlsson writes. The move isn't likely to change much policy, but it is an explicit reminder that inflation rates have been above 3 percent since 2005.

  • Japanese bond yields inch up. Are 'Abenomics' to blame?

    Japanese bond yields have started to move up again, rising above the pre-'Abenomics' level to 0.91 percent, Karlsson writes, something that worries many Japanese officials. Private demand has collapsed as investors have increasingly started to believe that the Bank of Japan through its purchases will actually achieve its new stated inflation target of 2 percent, a slump in demand that some have called a "bond buyer's strike."

  • US sees GDP go up, but it isn't any richer

    Last week's GDP report showed that the US' first quarter GDP was 3.5 percent higher than previously reported. Still, America is not any richer, Karlsson says.

  • Europe: Slowly pulling out of crisis?

    Although experts predicted that European countries would not be able to eliminate their deficits while Germany kept up its surplus, Karlsson notes that exactly that has happened: several countries, including Spain, Portugal, and Italy, are all back to reporting budget surpluses.

  • The farm bill survived. Who supports it?

    Although farmers only make up a tiny percentage of the US population, the farm bill has survived politics in part because of Americans' attitudes toward food producers, Karlsson says.

May 27, 2015

Photos of the day 05/27

Visitors sitting in inflatable whirlpools watch a film during a whirlpool cinema event in Berlin, Germany, Wednesday.

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