Someone asked me to comment on the VW/Tennessee auto deal: Tennessee, for instance, has just disclosed that it agreed to give German carmaker Volkswagen $577m in incentives for its $1bn plant in Chattanooga. A senior executive at Fiat, the Italian…

Continue Reading

TBTF

If you have been following the U.S. financial crisis you will have heard this term – Too Big To Fail and its acronym TBTF. It refers to those huge, globally interconnected financial firms that if they went down would drag…

Continue Reading