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Economy

How Citigroup Escaped Financial Disaster in 2008

BORROWED TIME Two Centuries of Booms, Busts, and Bailouts at Citi By James Freeman and Vern McKinley 365 pp. Harper Business. $35. I was very much looking forward to reading “Borrowed Time,” James Freeman and Vern McKinley’s book about “two centuries of booms, busts, and bailouts” at Citigroup, once the …

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San Francisco Officials to Tech Workers: Buy Your Lunch

SAN FRANCISCO — The corporate campuses of the Bay Area’s technology companies have become independent fiefs with dry cleaning, gyms, doctors, shuttle buses and bountiful free meals, made by the best chefs poached from the region’s famous restaurants. Now, local officials are knocking at the gates. And they are coming …

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4 Takeaways From a Long-Term G.D.P. Revision

Over all, growth averaged 2.1 percent in the first quarter from 2012 to 2017, up from 1.6 percent. For the third quarter, it averaged 2.4 percent, down from 2.7 percent. That may not perfectly smooth out the seasonal bumps, but it’s close. Americans are saving more than we knew Possibly …

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