Paul Maidment
By the Blouin News Business staff

Posts By: Paul Maidment

Currency wars are dead; long live the currency wars

by in Asia-Pacific.
Japanese Finance Minister Taro Aso and Bank of Japan Governor Masaaki Shirakawa prepare for a family photo during a meeting of G20 finance ministers in Moscow
Currency warriors. Photo Credit: Reuters/Sergei Karpukhin

One man’s “domestic policy tools to advance domestic objectives” is another’s “international currency wars”. Finance ministers and central bankers from that world’s 20 largest economies may have said at their G20 meeting in Moscow that their countries won’t compete to devalue their currencies to boost exports to goose growth. But intent and outcome are not the same thing.

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U.S. GDP: pick a number, any number

by in U.S..
Containers at Port of Long Beach, California
U.S. GDP contracting or expanding; Photo Credit: AFP/Getty Images/Robyn Beck

Lies, damn lies and statistics. The advance reading of fourth-quarter U.S. GDP caused a shock when it was released on January 30. The reported contraction in the American economy of 0.1% at an annual rate caught almost every economist by surprise. And that, maybe, is because it never happened.

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Bolt sprints free of U.K. taxes

by in Europe.
Jamaican sprinter Usain Bolt
Tax-free gold: Photo Credit: Getty Images/Alexander Hassenstein

Her Majesty’s Revenue and Customs – the U.K. taxman to you and me – says that paying tax isn’t voluntary. The U.K. finance minister says, oh yes it is. Or at least it is if you are a sporting superstar. 

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