Joe Cummings illustration of Joko Widodo

Joko Widodo, Mr Clean turned ‘accidental’ president

Many like him because he has ‘the face of someone from the village’. He also has a personal fortune of $2.5m

The latest from FT blogs

The claim that equities can be valued by comparing earnings yields to bond yields falls down both in practical and theoretical terms
– Andrew Smithers
I don’t buy shrill threats of permanent exile. But when and how cannot be answered definitively before the vote
– John McDermott
The Federal Reserve will not change its stance while there remains no impetus
– Gavyn Davies

Wall Street’s master fishermen are betting on a storm

Few conflicts make a dent in the world’s GDP, writes Stephen Foley

Jonathan McHugh illustration
©Jonathan McHugh

High house prices are drowning economies

The answer is to build more, lend less and tax more sensibly, writes Adair Turner

A summer with your head in the clouds

The dividing line between beach and mountain people seems to involve their need for company

A captain requires a multitude of skills

In some sports, all the skipper does is call heads or tails. Not so in cricket, says Alastair Campbell

Apple attempts a return to innovation

A lot of technologies were only brought in thanks to government funding, says Izabella Kaminska

FT Editorial

Chess in cyber space: a smart move?

Parents are tapping the most brilliant chess brains in India, Bulgaria and Moscow to deliver online tutorials for their offspring via Skype

Died on Saturday night (19), in Salvador, engineer and founder of the Odebrecht Group, Norberto Odebrecht. Born in Recife, Pernambuco, he graduated from the Polytechnic School of Bahia, and in 1944, founded the Odebrecht Group, which spread about 60 countries.The entrepreneur was 93 and was admitted to the Cardio Pulmonary Hospital. The time and date of the funeral has not yet been informed.

Engineer whose vision helped build Brazil

Norberto Odebrecht, construction executive, 1920-2014

Bubbles are forming in the credit market

Auto loans heat up, with emerging market corporate debt also expanding fast

US looks at ‘ultra-long’ Treasury bonds

Low yields spark call to consider maturities over 30 years

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