A free lunch?

24 March 2023|

Vienna’s famous Der Wiener Deewan restaurant was opened in 2005 by Afzaal Deewan, an asylum-seeker from Pakistan. When he first arrived in Vienna he missed the taste of food from home, and would visit Asian restaurants around the city, but he found them very expensive. It wasn’t until he met Natalie — then a student, now his wife — that the two of them came up with an idea: to open a restaurant that would be accessible to all, asylum-seekers

Snow business

17 March 2023|

Visiting Whistler Blackcomb ski resort in Canada this year, I was introduced to the concept of a multi-resort pass: a whole-season ski pass you can use at many resorts across different continents, as opposed to one that would only cover a specific resort or area. Having previously only ever skied in Europe, it got me thinking: would these multi-resort passes end up getting replicated over here? Vail Resorts, an American ski resort company, revolutionised the ski industry in 2008 with

Premier League vs productivity

10 March 2023|

England’s two most decorated football clubs renewed their rivalry last Sunday, with Manchester United suffering a defeat of humbling proportions to Liverpool. This United fan has had dodgy oysters that were easier to stomach than conceding seven at Anfield. While these two historic clubs are not at the summit of the Premier League this season, they boast the country’s largest collection of domestic and European honours. If footballing productivity is judged by league-winners’ medals per head, the North West is

Crane spotting

3 March 2023|

The view from my office window has recently seen the addition of another crane. This latest arrival is now the fifth that occupies my view of the Leeds skyline. Exciting, right? Don’t worry, I can promise you I don’t like cranes enough to write a whole blog on them. But stay with me, as they did get me thinking… I recall a few years ago hearing from fellow Fathom staff that counting the cranes on a city’s skyline can give

The appeal of a blind date

24 February 2023|

I was walking around Angel a few weeks ago when I came across a display of books outside a store, with a sign saying, “Blind date with a book”. The books were individually wrapped in brown paper, and the only thing differentiating them was a few words of description, printed in black. “Lost and found. Connections. Uplifting. Love. Enchanting,” was one, next to one that said: “Mythic. Silkworms. Contemporary. Epic saga.” You don’t find out which book it is until

A cynic’s guide to Valentine’s Day

17 February 2023|

For the many people who feel the need to splash out on flowers, chocolate, dinner, and everything else that comes along with Valentine’s Day, it must feel like an obvious conclusion that the holiday was devised by marketing gurus. Holidays like these are surrounded by little conspiracy theories: St. Patrick's Day has been plotted by beer companies, Easter and Halloween are obvious marketing stunts by Hershey's, Cadbury and Mars. So, who ultimately ‘stole’ Valentine’s Day? When Valentine's Day approaches, and

Recession? Ask Google

10 February 2023|

Cricket is more popular than football. Yes, you heard me right. According to the Google Trends review of 2022, ‘England vs India’ was searched for more often than ‘FIFA World Cup’. Indeed, Indian cricket takes up four of the top ten most popular searches! Wordle was top (of course), but not a single economics term is included in the top ten. Disappointing… If you were to ask me what the key cyclical macroeconomic variables are, then I’d tell you GDP,

Parallel exchange rates

3 February 2023|

500g of beef shekla tibs[1]: 450 birr 4 beers: 150 birr Total: 600 birr At official exchange rate: $11 US At parallel exchange rate: $6 US The restaurants of Addis Ababa fill up at the end of each year, with conversations switching between American-accented Amharic and English. A combination of domestic and international holidays, and the particularly fine weather compared to the shivering northern hemisphere, makes it a popular time to visit. Colloquially known as ‘diaspora season’, it runs into

London calling

27 January 2023|

After two years living in charming Kraków, I decided it was time for a change. A few options were on the table, but London stood out thanks to its astonishing historical architecture, rich cultural offer, endless leisure activities and cosmopolitan environment. Finally, as an economist I couldn’t resist the appeal of working in one of the biggest financial hubs in the world — definitely an experience worth having. The decision was made, but where should I start? And most importantly,

The problem with ESG

20 January 2023|

Is there any three-letter acronym that gets bandied around as much, is as poorly understood, and annoys people on both sides of the political spectrum as much as ESG? In today’s blog I explain the problems with grouping an ill-defined mass of hard-to-measure environmental, social and governance factors into a single score. Some of the criticisms of ESG are unfair. But being realistic about what ESG can and cannot do, what it is and what it isn’t, is key to