FURTHER FURTHER ROUND-UP
- The FT names its person of the year.
- Edmund Phelps on wage subsidies vs the minimum wage.
- A Fed scorecard on tapering.
- Matt Levine explains Blackstone-Hilton.
- Google's road map to global domination.
FT EVENING ROUND-UP
Gold price probe extended to Deutsche Bank: "Germany's financial regulator has demanded documents from Deutsche Bank as part of an investigation into potential manipulation of gold and silver prices. The probe from the German watchdog comes as regulators around the world step up their scrutiny of benchmarks after the recent Libor interbank lending scandal led to hefty fines for banks." (Financial Times)
Mexico courts foreign investment with energy reform: "After being banished to an auditorium when leftist deputies hijacked the chamber, Mexico's lower house of Congress passed historic energy reforms on Thursday designed to lure billions of dollars in investment to a sector shackled to the state for 75 years. Cheers of "Mexico, Mexico" were met by chants of "traitors, traitors" from critics of the reform at the culmination of a rowdy session, which was switched to a crowded auditorium after opponents padlocked the chamber and blocked it with chairs in a bid to derail voting." (Financial Times)
Google to charge advertisers only for viewed ads: "Google on Thursday became the first major online ad network to charge clients only if their adverts have been seen, in a radical shake-up of pricing that affects more than 2m sites in its display advertising network."If you are an advertiser and a human being didn't see your ad, then frankly nothing else matters," said Neal Mohan, Google's vice-president of display advertising products at Google. "If you are a marketer, why pay if a human being did not see the ad?"" (Financial Times)
