The Rolls-Royce you could buy for 140 Tata Nanos
On the day that Rajan Tata gave details of the world’s cheapest car - the 100,000 Rupee Nano – I went to the US unveiling of what promises to be one of the most expensive: the new Rolls-Royce 200EX. Read more
Two cheers for Tim Geithner’s bad assets plan
I am a bit more hopeful about the Tim Geithner’s latest plan to take troubled assets off the balance sheets of US banks than the sceptical economists led by Paul Krugman.
Mr Krugman does not like the plan – at all – because he regards it as a mere reshuffling of the original Tarp plan suggested by Hank Paulson last autumn, which seems like ages ago. He points out, rightly, that it involves a government subsidy to private investors in the form of guaranteed debt. Read more
| About this blog | Blog guide |
John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of 'All That Glitters', an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
Latest columns by John and Andrew