Daily Archives: June 25, 2013

♦ Richard Fisher, president of the Dallas Federal Reserve, compared big investors to feral hogs who have unfavourably influenced Ben Bernanke to slow bond buying, the FT reports. Bernanke, he said, should not slow bond buying.

♦ George Magnus, adviser to UBS, finds the stubborn stance of the People’s Bank of China could lead either to ultimate failure if it pursues credit creation too vigorously or to success if it reduces the risk of a more serious credit crunch later, the FT reports. Read more

Qatar’s outgoing ruler likes to be known as a maverick in a conservative Gulf apprehensive of change. True to his reputation, he becomes the first Arab leader to abdicate in favour of his son, Crown Prince Tamim.

More changes are expected in Doha this week, not least the departure of Hamad bin Jassim, the powerful prime minister and architect of the country’s controversial foreign policy.

Whether he is ill, as many believe, or simply wanting to get ahead of the curve, the 61-year-old Sheikh Hamad bin Khalifa al Thani has undoubtedly annoyed his neighbours with his move. Read more

By Gideon Rachman

The world is so busy cheering on the emergence of democracy in Myanmar that it is in danger of averting its eyes from the assault on democracy in another Asian state – Sri Lanka.