Category: Uncategorized

STOCKHOLM — Retail sales at IKEA, the world’s biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said on Tuesday. Read More

IKEA eyes return to growth this year after sales shrank 4% in 2019/20 — Financial Post

BRUSSELS — Britain and the EU are close to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as “one of the most positive so far.” Read More

‘Big progress’ in Brexit talks leaves EU seeing trade deal closer – sources — Financial Post

X of Swords | Marvel/Larraz X of Swords proves that the X-Men don’t need the MCU for a great storyline. Halfway into the first issue of Marvel’s new X of Swords storyline, I realized two things: that X of Swords is the next great adventure the X-Men deserve, and that even though I have no…

It’s a great time to be an X-Men fan (again) — Vox – All

My previous comment, in summary, was as follows: (i) Professor Taylor chooses to ignore rather than dispute my point that the labour and capital shares of output, which together add up to 100%, must be measured in a comparable way in accordance with the definition of income set out in Value and Capital: An Enquiry…

Final Comments on Lance Taylor’s “On the ‘Global Savings Glut” — Institute for New Economic Thinking

LONDON — Sterling fell against the euro on Monday, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon conclude a Brexit deal. Read More

Sterling weaker vs euro, focus remains on Brexit — Financial Post

The demise of coal-fired power plants in Arizona and Kentucky shows how the president, despite promises to restore jobs, failed to counter the forces decimating the industry.

‘The Coal Industry Is Back,’ Trump Proclaimed. It Wasn’t. — NYT > U.S. > Politics

Economic models predict the US economy will post a 32% growth in gross domestic product (GDP) in the third quarter of 2020 after plummeting by 31.7% in the second quarter. However only 10.6 million of the 22 million jobs lost due to the pandemic have been restored. Over 11 million people who lost jobs due to Covid-19 remain unemployed.

Trump Says the Economy is Booming. He’s Right—–But You Don’t Feel It (Macro News for September 26, 2020 – October 2, 2020) — Pearson Economic News

Epic Games, maker of the video game Fortnite, and Apple are suing each other over what could become a landmark antitrust decision. Epic recently introduced a way for consumers to circumvent paying Apple even though Epic products are sold in Apple’s app store. In response Apple removed Fortnite from the app store.

Apple’s in a War for the Future of the App Store. Here’s What’s at Stake (Micro News for September 26, 2020 – October 2, 2020) — Pearson Economic News

Thomas Perlmann (R), the secretary of the Nobel Committee, announces the winners of the 2020 Nobel Prize in Physiology or Medicine during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 5. | Jonathan Nackstrand/AFP via Getty Images Harvey J. Alter, Michael Houghton, and Charles M. Rice “made possible blood tests and…

The Nobel in Medicine went to 3 scientists who co-discovered hepatitis C — Vox – All