The myth of the European peace project

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The notion that economic interdependence curbs military aggression is resilient but incomplete

Uncertainty clouds outlook for pensions

The defined benefit model is supremely unsuited to a world of low or negative interest rates

Rocketing yen leaves Tokyo with dilemma

Japan under intense pressure to hold fire as yen soars

The former governor of the Bank of England, Mervyn King, right, in conversation with the former chancellor of the exchequer Alistair Darling in 2007
©Miguel Vidal/Reuters

‘The End of Alchemy’, by Mervyn King

The former governor of the Bank of England sets out his ideas on how to prevent another financial crisis

Rhodes and the nature of capitalism

Oxford’s dilemma is indicative of how the system can create wealth but often in ways that offend

A strange aversion to corporate tax

Governments have had limited success extracting more revenue from the wider corporate sector

Dread risk is not to blame for everything

The truth is that bullish markets did nothing for bearish boards

China, commerce and co-operation

What enlightenment thinkers can teach about current questions

Financial regulation meets a cul-de-sac

The notion of a single super-trader able to disrupt markets has not been high on authorities’ agenda

The Hong Kong and Shanghai Banking Company, headquartered in a Norman Foster-designed post-modern cathedral to capital built in 1986, is arguably the most powerful non-government institution in the city. Hong Kong's traditionally dominant financial infrastructure continues to thrive as the balance of wealth and deals increasingly comes from Chinese interests. Credit: Redux / eyevine For further information please contact eyevine tel: +44 (0) 20 8709 8709 e-mail: info@eyevine.com www.eyevine.com
©Mark Leong/Redux/Eyevine

‘The Lion Wakes: a Modern History of HSBC’

An account that does not shy away from the pitfalls of the bank’s decision to go global

Corporates holding out against tax revolution

Smaller companies, which innovate and create jobs, carry an unfair share of the burden

Forgive debt or earn its victims’ wrath

A moralistic perception of creditors as virtuous and debtors as sinners blocks a solution

No end in sight to a rotten culture

Size of fines less stunning than scale of conspiracy

German-born businessman who served in SAS

He chose his English name over dinner at the Berkeley hotel in 1943, helped by a girlfriend

Trust and its absence in society

Geoffrey Hosking’s ‘Trust’ offers a compelling argument on the role of trust in modern living

The threat to the global ties that bind

Tensions are testing globalisation and our capacity to recover

Don the corset but beware the risks

If lenders shift activities outside the regulatory perimeter, monetary policy may be invoked

The secular decline of moral capital

As long as incentives are at odds with ethics, common decency will be a minority pursuit

A political remedy for Pfizer syndrome

A big acquisition muddies the accountancy waters, making performance harder to judge

Recession has revived labour’s struggle

The increase in corporate profits as a share of GDP would gladden the heart of a robber baron

ABOUT JOHN

John PlenderJohn Plender has been a senior editorial writer and columnist at the Financial Times since 1981, an assignment he combined until recently with current affairs broadcasting for the BBC and Channel Four. He has a weekly column on economics and business on Mondays and also writes for the opinion pages.

John Plender was the winner of the Wincott Foundation senior prize for excellence in financial journalism in 1994. His books include That’s The Way The Money Goes (Andre Deutsch, 1982), The Square Mile, with Paul Wallace, (Hutchinson, 1984), A Stake In The Future (Nicholas Brealey, 1997) and Going Off The Rails - Global Capital And The Crisis Of Legitimacy (John Wiley, 2003)

E-mail John Plender
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