Barron’s: Coming Full Circle on Monetary Policy. Oct. 6, 1979 marked the beginning of disinflation. Now we’re headed in the opposite direction.
Dollar by RambergMediaImages via Flickr
BBC: China warns EU off yuan pressure. In a speech to top EU officials, Mr Wen said a big change in the value of the yuan could cause “social and economic turbulence” in China.
Bloomberg: Australian Economy Booms, Drives Currency Near Dollar Parity. Australian employers in September added the most workers in eight months, driving the country’s currency toward a record and bolstering the case for the central bank to resume raising interest rates.
BusinessWeek: Statoil Aims to Raise Up to $850 Million in Fuel IPO. Statoil ASA, Norway’s largest oil and gas company, aims to raise 3.84 billion kroner to 4.92 billion kroner ($850 million) by selling shares in its gas station and transport fuel unit.
Forbes: The World’s Most Powerful Women. They are heads of state and first ladies, bankers and cultural icons, CEOs and athletes. A fresh look at power and creative influence.
MarketWatch: Motorola sues Apple. Motorola, hit with a lawsuit just last week, says iPad and iPhone infringe on several of its patents.
Reuters: Can the GOP gut Wall St. reform? Even if voters decide to send more Republicans to Congress in next month’s midterms, the GOP’s plans to roll back the landmark Wall Street reforms may be easier said than done.
The Business Insider: Did The Consumer Ever Recover From the NASDAQ Bust? Reflation didn’t work that time. Why do people think it will work now?
The Financial Times: Alan Greenspan:Fear undermines America’s recovery.
The Guardian: Marks & Spencer enjoys sales boost. Strong performance in clothing, homewares and food over second quarter gets M&S more market share
The New York Times: The Spoils of Happiness. “What is happiness?” is one of those strange questions philosophers ask, and it’s hard to answer. Philosophy, as a discipline, doesn’t agree about it.
The Telegraph: £6,000 wiped off average house price in a month. The UK housing market suffers biggest monthly drop since records began, according to Halifax.
The Wall Street Journal: Conservatives Know the IMF Is Right. The Western world is not pulling out of recession with any great vigor. The IMF is clear why — and that resonated with the Tory conference.