The Business Times

Peter Coy

[Christmas cards]
LIFE & CULTURE

Why I still send holiday cards – and perhaps you should, too

The annual ritual is a preservation of weak ties that expose you to new ideas and facts

Rolling a die and getting 6-6-6-6-6-6-6-6-6-6 seems more surprising than getting, say, 6-2-4-5-1-3-2-5-4-6, but the two are equally probable.
THE BROAD VIEW

What makes a coincidence meaningful?

THERE are two kinds of people in the world: people who say, “What a coincidence”, and people who say, “Just a coincidence”....

Gross output is bigger than gross domestic product because of deliberate double counting. Gross output is the sum of GDP and all the intermediate inputs into GDP, such as energy, raw materials, semifinished goods and purchased services.
THE BOTTOM LINE

What GDP’s cousin can tell us about the economy

GROSS domestic product (GDP) is a great measure of the economy, but it would be a gross exaggeration to say it’s the...

Federal Reserve Governor Philip Jefferson speaking at a monetary policy conference at the Hoover Institution, in Palo Alto, California, US, May 12, 2023. Earlier in the day he was nominated to be the Fed's next vice chair.
THE BOTTOM LINE

A look at the Fed’s likely next No 2

PHILIP Jefferson, an economist who joined the Federal Reserve’s board of governors in May 2022, was nominated by President Biden on Friday...

The US Treasury Department in Washington, DC, on May 8, 2023. - US Treasury Secretary Janet Yellen warned on May 7, 2023, that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue." US President Joe Biden will meet with the top Republicans and Democrats from Congress to breach the impasse. (Photo by Mandel NGAN / AFP)

How Wall Street is preparing for a US debt default

LAST week I spoke with two people on Wall Street who are planning what to do in case Congress and the White...

The Federal Deposit Insurance Corporation (FDIC) announced on May 1 that it sold the failing First Republic Bank to JP Morgan Chase & Co. First Republic Bank is the second-largest bank failure in US history.

The banking crisis might not be over yet

THE banking crisis may not be over. True, regulators seized First Republic Bank early on Monday (May 1) and sold it to...

Sheena Iyengar on the concept of Learning+Memory: “Neuroscience shows that all thinking is an act of memory in some form. That includes imagination, creativity, innovation and other variations of ‘new’ thoughts."
THE BROAD VIEW

If there are no new ideas, how do we keep innovating?

Thinking bigger is about assembling old ideas in a new way, says author Sheena Iyengar, who writes that all successful innovators are...

’Tis better to give than to receive? But more and more, philanthropy in America is coming to depend on the ultrawealthy.

The thorny questions raised by charitable giving

Who should get our money, and can we make a difference?

Sexism, including in the corporate world, was blatant for decades.
THE BOTTOM LINE

How sexism influenced corporate governance

EARLY in the 20th century, many owners of the iconic companies of the day were women. Before the 1929 stock market crash,...

Back in 1973, the idea of spreading all your investment dollars across the entire market, instead of picking winners, seemed like crazy talk.
WEALTH & INVESTING

The best 50-year-old investing advice money can buy

INVESTING in broad-based index funds seems unambitious – a fallback for people who lack the confidence to pick stocks that will outperform...

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