23 August 2019 FT — Articles to Read

23 August 2019


Question: According to MSN: Money, how much is a starter home in New York?


EU plans crackdown on use of facial recognition in public areas – Pg. 1

  • The aim would be to limit “the indiscriminate use of facial-recognition technology” by companies and public authorities….under the plan, European citizens would be given the powers to “know when data is used”…
  • In May, San Francisco became the first US city to ban the official use of facial-recognition technology


Frustrated ECB discussed change to inflation target – Pg. 2

  • The ECB is widely expected to cut interest rates further into negative territory and launch fresh asset purchases next month as it tries to counter fears that it will consistently undershoot its inflation target of just under 2%
  • …say the current target could be interpreted as asymmetrical, inferring that the ECB does not want to exceed 2%
  • The US Federal Reserve is already undertaking a full review of its monetary policy strategy


Warnings sounded over watered-down Volcker – Pg. 14

  • The loosening of the Volcker rule announced this week opens the door to a rebound in risky behavior on Wall Street, proponents of the initial legislation have warned, even as investors and analysts insist there will be little impact on bank profits
  • More stringent capital rules have the effect of making many trading activities less profitable


Answer: $120,800