Financial news

• Ferrari pre-sells entire new supercar model despite £1m+ price tag

  18-09-2018 16:35 via theguardian.com
  Luxury carmaker calls new Monza models the ‘closest driving experience to F1’Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the whole production run, despite a likely £1m-plus price tag.At a private event for devoted customers at its headquarters in Maranello, Italy, the company said it would produce fewer than 500 of the 810hp Monza models, which can re
  
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• A better bailout was possible during the financial crisis | George Soros

  18-09-2018 09:24 via theguardian.com
  The Obama administration’s refusal to write down mortgage debts led to the rise of TrumpThe recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid economic recovery after the 2008-09 financial crisis is an important one. History does not repeat itself, but it rhymes, Mark Twain reportedly once said. But, to paraphrase Bob Dylan, in light of our recent economic history, history doesn’t rhyme, it swears.Stiglitz and S
  
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• Why does Ryanair make it so hard to change the name on gift vouchers?

  18-09-2018 08:37 via theguardian.com
  We can’t use them because the name doesn’t match the passportLast year we bought £100 of Ryanair vouchers for my partner’s mother, who lives in Spain, to visit us in our new home. But when she went to use them earlier this year she found they should have been written out with her full passport name. After three calls, two online chats, four complaints and about 10 emails I’ve had a response which basically says “tough”.MK, Ely, Cambridgeshire Continue re
  
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