Most talked about Financial Times stories

Central bankers should draw a line on the past

ft.com — The Federal Reserve's Jackson Hole conclave may be dominated by technical discussions of abstruse concepts such as the non-accelerating inflation rate of unemployment, but one also detects an undercurrent of nostalgia. Central bankers are wistful
Aug 22, 2014

Economic policy is more art than science. RT @B_Eichengreen: "Central bankers should draw a line on the past" tinyurl.com/nmj6m86

Aug 22, 2014

"Like it or not, central banking is still more art than science.” ft.com/intl/cms/s/0/7…

Aug 22, 2014

RT @B_Eichengreen: "Central bankers should draw a line on the past" tinyurl.com/nmj6m86 My Jackson Hole inspired commentary in the Financial Times.

Aug 22, 2014

Barry Eichengreen explains why the GOP’s Taylor Rule bill is such a bad idea ft.com/intl/cms/s/0/7…

Aug 22, 2014

"It is a dangerous sentiment, this yearning for an idealised past in which central bankers cld focus on moving rates” ft.com/intl/cms/s/0/7…

Show 3 more tweets from Matthew C Klein, Sid Verma and others...

Draghi softens tone on austerity

ft.com — Mario Draghi, the European Central Bank president, has signalled he is becoming increasingly concerned about high unemployment and low inflation in the eurozone by backing calls for countries to be allowed to apply strict rules on government

India poised to appoint Arvind Subramanian as economic adviser

ft.com — US-based economist Arvind Subramanian is poised to become chief economic adviser to the government of prime minister Narendra Modi, in a move likely to be welcomed by those pushing India to adopt a fresh round of market-oriented political reforms. A
Aug 22, 2014

India poised to appoint Arvind Subramanian as economic adviser on.ft.com/1oYv9CJ via @FT {His nickname: 'Super.' Says it all, if true.}

Aug 22, 2014

RT @VJMallet: #India poised to appoint Arvind Subramanian as economic adviser - FT.com on.ft.com/1oYv9CJ via @FT

White House resists Pentagon’s advice on Iraq

ft.com — The White House is resisting a decisive shift in policy to battle the Islamic State in Iraq and the Levant, or Isis, despite advice from the Pentagon chief that the US would need to extend its campaign of air strikes to Syria to combat the group.

Goldman nears $1.1bn payment to FHFA

ft.com — Goldman Sachs is close to paying about $1.1bn to resolve claims from a US government agency that it sold bad mortgage-backed securities as the investment bank prepares for related negotiations with the Department of Justice. Negotiations between

Property portals hand control to homeowners

ft.com — One of Britain's least popular professions, the high street estate agent, is facing a shake-up as the digital revolution finally reaches the business of selling and renting bricks and mortar. The growing popularity of property portals Rightmove and
Aug 22, 2014

One of Britain's least popular professions, the high street estate agent, is facing a digital shake-up ft.com/cms/s/0/aba393…

TV networks play catch-up to Twitter in Ferguson’s rolling story

ft.com — Young African Americans in Ferguson, Missouri, harnessed a new and more visual Twitter to spread the news of the police shooting of a teenager around the world long before cable TV networks' sateillte vans came trundling into town. The story of the
Aug 22, 2014

Story of Ferguson was told first on Twitter, with 1m tweets before CNN had spent a single minute reporting it ft.com/cms/s/0/3b9243…

Aug 22, 2014

TV networks play catch-up to Twitter in Ferguson’s rolling story: on.ft.com/1vqZwl3 #FT

Draghi’s speech at Jackson Hole

ftalphaville.ft.com — Read it here, and see also the slide deck. As with all things ECB-related, we recommend following Lorcan's twitter feed. An excerpt from the speech below:

Sixty killed in Iraq mosque massacre

ft.com — Gunmen shot dead more than 60 worshippers during Friday prayers at a Sunni mosque north of Baghdad, complicating efforts to form a unity government that could tackle the wave of militancy threatening to tear Iraq apart. Sunni officials and news

Ross Stores’ strong earnings helps lift US retail sector

ft.com — Retailers were set to end the week on a high note after a flurry of earnings reports. Discount retailer Ross Stores led the S&P retail sector, trading 6.8 per cent higher at $73.96. At least four analysts raised their target price after the company

Summer drinks: fine teas

ft.com — Unlike a first-growth bordeaux in a cellar, a first-flush Darjeeling will not gain value or flavour by sitting untouched in its tin caddy. Teas, with a few exceptions, do not age. But, like good wine, fine tea is attracting a generation of

IG Group under pressure on volume concerns

ft.com — Thin markets have been putting pressure on IG Group, Britain's largest spread betting firm. IG slid 3.3 per cent to 598p after Barclays analysts raised concerns that low volumes spell disappointing current trading. Its call came as weekly FTSE All

Kerala’s prohibition plan deals blow to tourism

ft.com — India's southern Kerala state, whose tropical, palm-fringed beaches are among the country's top tourist draws, has decided to go dry, unveiling plans for a total prohibition of alcohol within 10 years. From next April, only five-star hotels will be