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TBA Articles

Thursday, 07 March 2013 08:16

Why didn't Spain beat Italy in the Euro Cup? Because they took some money from Italy in return for throwing the match. So why did the game end in a draw? Because Italy couldn't afford the whole bribe.


Thursday, 07 March 2013 08:10

Since the financial crisis, few industries have seen such stellar growth as the one that churns out new words. Whereas pre-crisis vocabulary aimed to confuse and obfuscate, the post-crisis years are turning into a golden age of the financial analogy. This is perhaps not surprising, given that current events involve bland concepts such as bond yields, spreads and stability mechanisms. So much more fun rather to talk about "haircuts", "bail-outs" and, every now and then, a "precipice".


Thursday, 07 March 2013 07:58

Two headlines reminded me of China's often unnoticed services sector transformation. The first put the spotlight on a prominent Chinese engineering contractor in Poland for failing to make progress on a highway construction project there. Not good - it has incurred huge cost overruns, has grossly underperformed against the project owner's expectations, and delays have completely upset the delivery schedule. The second story covered the recent acquisition, by state-owned China Architecture Design & Research Group, of Singapore-rooted CPG Asia from Australia's Downer EDI. This could clearly be a catalyst for future innovation by China Architecture.


Thursday, 07 March 2013 07:16

When I returned to Beijing last week, I could not help but look for signs of the much-vaunted slowdown in the Chinese economy that has been the subject of such intense media speculation recently.