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14th June 2013 G8 leaders have an unprecedented opportunity to roll back the frontiers of corporate secrecy and put a stop to the use of shell companies by money launderers, corrupt politicians, drug runners and tax evaders to hide dirty money and...

A pretty interesting paper, and conclusion, from the Bank of England’s External MPC unit on Friday — or at least one that should keep the debate going over the art/science of GDP revisions…Continue reading: That ’70s recession?...

Paul Tucker, one of the Bank of England’s deputy governors, is to leave a little early. From his letter: I am grateful to you for agreeing that I should step down slightly before the end of my term as a Deputy Governor of the Bank of England but after I have...

Live markets commentary from FT.com Continue reading: Markets Live: Friday, 14th June, 2013...

From TED: Chemist Lee Cronin is working on a 3D printer that, instead of objects, is able to print molecules. An exciting potential long-term application: printing your own medicine using chemical inks. Image from the Cronin Research Group                              ...

Turkish PM steps back from confrontation with protesters || Bond sales dry up as interest rates rise || Fear Hester exit will speed RBS defections || LNG trade falls for first time in 30 years || Iran supreme leader urges large turnout in presidential elections || House prices in England...

And so FT Alphaville comes across “TENDER OFFER MEMORANDUM — INVITATION FOR TENDER IN RESPECT OF BONDS OF THE HELLENIC REPUBLIC”: the official launch of Japonica Partners’ eye-catching attempt to buy up to 10 per cent of Greece’s restructured bonds, in a kind of Dutch auction. And there’s one very important...

Elsewhere on Friday, - The properly formulated Bagehot rule and Greece. - Guardians of Peru’s treasures. - Get in the game Canada.Continue reading: Further reading...

COMMENT AND CURIOS - America’s economy: the stealth boom. - Jonthan Portes on UK immigration. - Breakthrough with Honduran charter cities. - What is neoclassical economics?Continue reading: The London 6am Cut...

It's human nature to look at white collar criminals like Bernie Madoff and cast them off as greedy, money-grubbing crooks. But what if we all have a little Madoff inside us just waiting to rear its ugly head?  Researchers have increasingly explored the subconscious link between money and corruption –– called behavioral ethicality ––...

China will consider whether NSA leaker Edward Snowden is an asset or liability to China's state security, Teddy Ng and Zhang Hong of the South China Morning Post report. And after China determines that, apparently, the country will decide whether or not to extradite him. In the meantime, Snowden is scoring points...

Wealthy home buyers are quickly running out of mansions to buy. While housing inventory is falling throughout the country, it's falling especially fast in some of the country's richest ZIP codes. A study from Altos Research, the Mountain View, Ca., real-estate research firm, found that inventory in the nation's 90 wealthiest ZIP...

After Nikkei futures rose as high as 13,225 earlier (up 6.3% from Thursday's close), they have taken a sharp turn lower following the release of the minutes from the Bank of Japan's May 21-22 policy meeting. Right now, the Nikkei is trading around 12,995, up *only* 4.4%. Part of the minutes focuses...

IBM has cut 1,631 jobs so far and that figure is expected to rise, the Alliance@IBM labor union said Thursday on its website.  The Binghamton, NY-based organization plans to update the total number of job cuts sometime Thursday night EST, it said.  Nearly 500 of the job cuts are said to be...

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Jack Bogle: The Financial Industry Has Too Much Power Over Corporate America (Advisor One) Vanguard's John Bogle criticized the financial industry and said it has too much power over corporate America, when speaking...

Jim Rogers fears the worst for Japan. In an interview with Fusion MarketSite, the emerging markets and commodities guru says there is no way Japanese PM Shinzo Abe's growth policies can possibly succeed — there are already many trends working against him, and his plan will only make things worse. Here's the...

Divorce is nothing new for Rupert Murdoch, who is officially divorcing current wife Wendi Deng after 14 years. His first divorce was from Patricia Booker, a former flight attendant from Melbourne. The pair were married for 11 years and had a daughter before their 1966 divorce, according to the International Business Times. A...

FURTHER FURTHER READING - The post that moved the market? The WSJ’s Hilsenrath on the Fed “trying to convince investors not to overreact when the central bank starts pulling back”.Continue reading: The Closer...

Friday is the first round of voting in the Iranian presidential election, marking the end of the contentious Mahmoud Ahmadinejad-era. If none of six candidates gain a 50% majority, a runoff round will be held on 21 June. There's a lot of debate about how big a deal the elections really...

Congresswoman Linda Sanchez (D-CA) sent a letter to the Federal Trade Commission urging them to investigate Herbalife to see whether or not the nutrition supplements seller is a pyramid scheme.   Herbalife, which is headquartered in California, is the company hedge fund manager Bill Ackman, who runs Pershing Square, is shorting. Ackman,...