About - Tuesday 07 Sep, 2010
Banks, battles, and the psychology of overconfidence
The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"
By Malcolm Gladwell in The New Yorker
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Sign of the times - Tuesday, 12 May 2009
(BBC - U.K.)
Italian clothing retailer Benetton has reported a 38% fall in first-quarter profits, after being hit by a drop in demand and unfavourable exchange rates. Benetton reported a net profit of 18m euros ($24.5m; £16m) for the January to March period, compared with 29m euros for the same period a year ago. (...)
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