Features by Christopher Werth
Posted In: London, London Olympics, Olympics 2012
London Olympics go smoothly despite trademark British glumness heading into them.
Posted In: Usain Bolt, London Olympics, Running
The Jamaican sprinter Usain Bolt won yet another Olympic gold medal last night in the 200 meter sprint. The 25-year-old has declared himself a "living legend."
Posted In: Banks, Standard Chartered, London
The scandal over British bank Standard Chartered is taking some interesting turns. This week New York's financial regulator charged the bank with concealing transactions for Iranian clients -- breaking U.S. sanctions against Iran. Standard Chartered could lose its New York license, which would be devastating.
Posted In: tea
It turns out that bad weather elsewhere in the world is affecting global tea prices. The cost of good quality, black tea has shot up 41 percent on the wholesale market this year.
Posted In: Bank of England, France
The Bank of England forecasts this morning the U.K. economy will not grow at all in the coming quarter. Across the channel, the French central bank says the euro's second-largest economy is headed for its own recession. And Germany's being infected by all this through its exports, which fell in June.
Posted In: Banks, Standard Chartered, Iran
Shares of the British bank Standard Chartered are tanking in London this morning -- down some 25 percent. New York financial regulators say the bank concealed billions of dollars of illegal transactions for Iranian customers.
The economy is complex so we use metaphors to make it understandable. Sometimes, though, these metaphors also shape our view of the economy.
Posted In: silver
The Commodities Futures Trading Commission may conclude an investigation into whether big banks have manipulated the price of silver.
Posted In: India, China, consumer, toys
It wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China. But China retains the upper hand in that relationship, thanks in part to its exports.
Posted In: Europe debt crisis, eurobond, Greece
A singing group and the countries of the eurozone have much more in common than one might think.