Thu, 23/11/2023 - 20:00
Fergus Cumming and Danny Walker Bank Rate has risen by more than 5 percentage points in the UK over the past couple of years. This has led to much higher mortgage rates for many people. In this post we analyse another potential source of pressure on mortgagors: the potential for falls in house prices to … Continue reading Why lower house prices could lead to higher mortgage rates
Thu, 16/11/2023 - 20:00
Gabija Zemaityte and Danny Walker Inflation has been high in many countries since 2021. Some have said that companies have increased their profits over that period: so-called ‘greedflation’. We use published company accounts for thousands of large listed companies to look for signs of increased profits in the data. Consistent with previous analysis of aggregate … Continue reading Profits in a time of inflation: what do company accounts say in the UK and euro area?
Tue, 14/11/2023 - 23:00

Joe Biden’s response to the Hamas attacks of October 7 was to fuse the wars in Israel and Ukraine into a single struggle. Immediately after he returned from his visit to Tel Aviv, where he had both literally and figuratively embraced Benjamin Netanyahu, Biden addressed the US public from the Oval Office. “You know,” he […]

The post Biden’s Selective Outrage appeared first on The New York Review of Books.

Wed, 01/11/2023 - 04:34

If war is supposed to be the continuation of politics by other means, Israel’s assault on Gaza seems to be the continuation by other means of the absence of politics. It does not seem that Israel understands what its endgame is. Without a clear sense of an ending, there can be no answer to the […]

The post No Endgame in Gaza appeared first on The New York Review of Books.

Sun, 22/10/2023 - 07:08

One of the privileges of being civilized is that it gives you the right to do very uncivilized things to the barbarians. In his public address to Joe Biden in Tel Aviv on October 18, Benjamin Netanyahu remarked, “You’ve rightly drawn a clear line between the forces of civilization and the forces of barbarism.” History […]

The post The Many and the Few appeared first on The New York Review of Books.

Thu, 12/10/2023 - 23:00

For almost all of its thirty-year duration, it seemed quite natural to think of the conflict in Northern Ireland, unfolding just a few dozen miles away from my hometown of Dublin, as an anachronism. The local joke was that when planes landed at Belfast airport, the pilot announced, “Welcome to Belfast. Put your watches back […]

The post Defying Tribalism appeared first on The New York Review of Books.

Wed, 11/10/2023 - 08:00

In the Jewish legend, the great warrior Samson ends up, as John Milton famously puts it, “eyeless in Gaza.” He is blinded by the Philistines and harnessed to a huge millstone, forced to drag himself around and around in circles, always moving but unable to go anywhere. Eventually, in the most spectacular of suicides, he gets […]

The post Eyeless in Gaza appeared first on The New York Review of Books.