Out of Bill Ackman’s SPAC woes comes innovation
The world’s largest-ever SPAC might give way instead to a SPARC
IN THE CLASSIC 1980s arcade game, Pac-Man is pursued by killer ghosts as he attempts to achieve his goal of gobbling up little dots. These colourful ghosts have various tactics to scupper Pac-Man: “Blinky” (the red one) gives chase; “Pinky” and “Inky” (the pink and the blue spooks) obstruct his path and attempt to corner him.
This article appeared in the Finance & economics section of the print edition under the headline “Bright SPARC”
Finance & economics August 28th 2021
- The new Powell doctrine
- Ending pandemic unemployment aid has not yielded extra jobs—yet
- Out of Bill Ackman’s SPAC woes comes innovation
- Russia cultivates alternatives to Western financial firms
- Trading in Japanese government bonds is drying up. Does that matter?
- Xi Jinping’s talk of “common prosperity” spooks the prosperous
From the August 28th 2021 edition
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith