SD cars and productivity

Experts say urbanization continues to drive increased congestion in urban areas and drivers in London now waste an average of 101 hours a year in gridlock. All of this is a waste of our productive potential. In the future, you’ll be working everywhere …

Experts say urbanization continues to drive increased congestion in urban areas and drivers in London now waste an average of 101 hours a year in gridlock. All of this is a waste of our productive potential. In the future, you'll be working everywhere you go.

Continue reading: SD cars and productivity

“I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

Here’s the full email from Cyrus Mistry to the board of Tata Sons after he was ousted on Monday.

The headline from it is the “1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited” but there is much more here that sheds light on why this all blew up so suddenly, leaving Ratan Tata back in temporary charge.

Some choice lines before the actual thing, with our emphasis:

Continue reading: “I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

Here's the full email from Cyrus Mistry to the board of Tata Sons after he was ousted on Monday.

The headline from it is the "1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited" but there is much more here that sheds light on why this all blew up so suddenly, leaving Ratan Tata back in temporary charge.

Some choice lines before the actual thing, with our emphasis:

Continue reading: “I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

The autoignition temperature of manual cars is much higher than Fahrenheit 451

Despite ample reports suggesting the opposite, there is no hard proof self driving cars will necessarily be any cheaper, safer or economical than human-driven cars, let alone capable of displacing public transport systems on a mass level.
Continue read…

Despite ample reports suggesting the opposite, there is no hard proof self driving cars will necessarily be any cheaper, safer or economical than human-driven cars, let alone capable of displacing public transport systems on a mass level.

Continue reading: The autoignition temperature of manual cars is much higher than Fahrenheit 451

Breakups can be messy, Tata edition

You’ll remember Cyrus Mistry was unceremoniously removed from the top job at Tata on Monday.
Well on Tuesday he shot off an email to the holding company’s board…
From Bloomberg:
Continue reading: Breakups can be messy, Tata edition

You'll remember Cyrus Mistry was unceremoniously removed from the top job at Tata on Monday.

Well on Tuesday he shot off an email to the holding company's board...

From Bloomberg:

Continue reading: Breakups can be messy, Tata edition

Finger still in the air, Goldman forecasting GBP edition

You’re a currency analyst. You have models. Your models give you comfort and a safe place from where you can play The Forex. They give you stability and a lens through which the world appears manageable.
Then Brexit happens.
From Goldman’s FX team as t…

You're a currency analyst. You have models. Your models give you comfort and a safe place from where you can play The Forex. They give you stability and a lens through which the world appears manageable.

Then Brexit happens.

From Goldman's FX team as they try to work out a fair value for sterling:

Continue reading: Finger still in the air, Goldman forecasting GBP edition

Further reading

Including…
– How many things can a bank CEO get wrong in nine sentences?
– Banca Montei dei Paschi and perspective.
– Prewrites, US election results edition.
– The Council of Economic Advisors on labour market monopsony.
– A Piketty moment.
– And….

Including...

- How many things can a bank CEO get wrong in nine sentences?

- Banca Montei dei Paschi and perspective.

- Prewrites, US election results edition.

- The Council of Economic Advisors on labour market monopsony.

- A Piketty moment.

- And... "baby bonds" to tackle inequality?

Continue reading: Further reading

FirstFT – Apple eyes Christmas growth, American wins Man Booker prize and Central Asia’s shared dilemma

Apple forecasts a return to revenue growth, after a 9 per cent decline in sales in the three months to September 24

Continue reading: FirstFT – Apple eyes Christmas growth, American wins Man Booker prize and Central Asia’s shared dilemma

Apple forecasts a return to revenue growth, after a 9 per cent decline in sales in the three months to September 24

Continue reading: FirstFT – Apple eyes Christmas growth, American wins Man Booker prize and Central Asia’s shared dilemma

Economists disagree on some basic facts about America’s weak recovery

Some new economic research argues America’s slow recovery since the financial crisis had nothing to do with household deleveraging or unusually weak business spending. Instead, it can be entirely attributed to changes in demographics, weakness abroad, and fiscal austerity. But does it make sense?

Continue reading: Economists disagree on some basic facts about America’s weak recovery

Some new economic research argues America's slow recovery since the financial crisis had nothing to do with household deleveraging or unusually weak business spending. Instead, it can be entirely attributed to changes in demographics, weakness abroad, and fiscal austerity. But does it make sense?

Continue reading: Economists disagree on some basic facts about America’s weak recovery

Maputo Confidential

A ‘confidential’ presentation by Mozambique’s government to nervous bondholders in London on Tuesday that it is in “debt distress,” and that they should lawyer-up for a restructuring, turns out to have been…not quite so confidential
Continue reading:…

A 'confidential' presentation by Mozambique's government to nervous bondholders in London on Tuesday that it is in "debt distress," and that they should lawyer-up for a restructuring, turns out to have been...not quite so confidential

Continue reading: Maputo Confidential