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At any rate, business depends to a large extent on personal and political access.
GDP has grown at about a third of that rate, business investment has fallen and the current account deficit has worsened.
At any rate, business and politics are inseparable in a region dominated by two governing parties and families, who have been accused of autocratic rule and corruption.
Just like they wanted out of the asset purchase business, they want out of the zero rate business, and they see fewer and fewer reasons why this isn't possible.Rushing to raise rates while inflation is low is the best way to make sure the Fed stays in the zero rate business for years to come.
Only 17percentt of Americans rate business executives' ethics as high or very high, down from 25percentt a year ago, according to a Gallup poll sponsored by CNN and USA Today in November.
The chief executive of HSBC, Michael Geoghegan, admitted as much in a conference call last week: "You've got to have history for analytics...the fact of the matter is there [isn't history] for the adjustable-mortgage rate business when you've had 17 jumps in US interest rates".The pressure to lend did not only come from within.
Similar(48)
This year Skype added a "yellow pages" directory and ways for its users to rate businesses.
If the financial rate is below the natural rate, businesses can reap unlimited profits by borrowing as much as they can and ploughing it into high-returning projects.
They rate businesses, list reviews and advertise complaints.
At the end of the day, this is a penny-rate business.
In Sunday's magazine, Adam Davidson finds a reason to cheer for second-rate business schools.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com