FURTHER FURTHER READING
- How to fix Econ 101.
- Why the dollar dominates, and why that's not all good.
- On creative class workers and pay.
- Who wins and loses from ultra-low rates?
- Gary Silverman on the legacy of Michael Bloomberg.
FT EVENING ROUND-UP
Inequality is 'defining issue of our time', says Obama: "President Barack Obama called increasing inequality the "defining issue of our time" and said the decades-long trend was undermining economic growth and social and political cohesion in the US. In a speech hosted by a prominent liberal think-tank in one of Washington's poorer districts, Mr Obama chronicled the impact of the decline in relative incomes since the 1970s and defended a role for government in alleviating its fallout." (Financial Times)
Improving jobs picture is key factor in Fed taper decision: "A run of strong economic data is raising expectations for US jobs numbers due this Friday that will have a crucial influence on when the Federal Reserve chooses to slow its asset purchases from $85bn a month. Companies created 215,000 new jobs last month on a seasonally adjusted basis, following an upwardly revised 184,000 rise in October, according to data from ADP, the private payrolls processor, on Wednesday." (Financial Times)
US company chiefs push for budget deal: "Chief executives of big US companies are warning that the country faces another year of sluggish growth, while expressing hope that a deal over the budget being discussed in Congress will kick-start the economic recovery." (Financial Times)
