Premier Inn owner urges investors to resist pressure from activist hedge fund
Whitbread asks shareholders to reject Corvex Management’s demand for a board seat
Remembering Perry Mehrling
It is with deepest sadness and regret that we learned of the passing of Dr. Perry Mehrling. Dr. Mehrling played a vital role in INET and its Young Scholar Initiative (YSI) for many years. We were looking forward with hopeful anticipation to working with him far into the future. Alas, it was not to be. Over the next few months, INET and YSI will be organizing a series of tribute to Dr. Mehrling. In the meantime, we gratefully reprint with permission the warm and generous appreciation of our long time colleague just published by our friends at the History of Economics Society.
Bank of America fined $1.2bn over money laundering failures
US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border
Social Security benefits are rising again, but probably not enough to offset healthcare costs
Increasing Social Security benefits annually helps millions of older Americans afford necessities. Jeffrey Greenberg/Universal Images Group via Getty ImagesThe nearly 76 million Americans who receive Social Security benefits are slated to find out on Oct.
Will bank earnings growth become a thing of the past?
It would be foolish to think the Wall Street giants can’t outrun the threat of AI
Wall Street plays down investor fears of faltering trading boom
JPMorgan Chase and Goldman Sachs earnings boosted by equities businesses in another strong quarter
Minutes of the Money Market Committee meeting – September 2026
The Money Markets Committee is a forum for market participants and authorities to discuss the UK unsecured deposits and funding market and securities lending and repo markets.
London Stock Exchange owner in talks to buy credit specialist Octus
Deal with private equity group Permira could value data group at $3.5bn
FEDS Paper: Inattentive Price Setting and Inflation Under Fiscal Policy Uncertainty
Oliver Pfäuti and Edson WuHow do high public debt and fiscal uncertainty interact to shape inflation? We develop a model in which firms face uncertainty about both marginal costs and fiscal policy and choose how much information to acquire before setting prices. Higher debt raises steady-state taxes, affecting attention through two opposing forces. While these taxes reduce the profit stakes of mispricing, they make desired prices more sensitive to tax fluctuations, increasing the value of information.
Americans are stressed about grocery prices, so why do they toss or overlook so much ‘misfit’ food?
Shoppers are much more inclined to buy misshapen produce if they can be assured the quality is good.
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