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Bloomberg (August 29)

2017/ 08/ 31 by jd in Global News

“Brexit is beginning to look like a classic case of a mountain giving birth to a mouse” and, except for losing its say in EU affairs, little is likely to change. “The U.K. will simply lose its vote in the EU. The rest will remain as it is now for an indefinite period during which a new trade deal will be discussed in the standard EU fashion — slowly, deliberately, with each of the 27 EU countries working through its own agenda until there’s a consensus.”


Chicago Tribune (August 29)

2017/ 08/ 30 by jd in Global News

“The scale of flooding in the Houston area as a result of Hurricane Harvey is hard to imagine, and the images of suffering are horrifying to behold. In central and south Texas, an area the size of Michigan is now a storm-tossed lake.”


The Economist (August 27)

2017/ 08/ 29 by jd in Global News

“In the wreckage of the Arab world today, many act as if the idea that Islamists can play a useful democratic role is broken, too. They are being repressed anew by reactionary regimes, challenged by violent jihadists and looked upon with suspicion by voters whom they failed…. Yet the blanket repression of all Islamists is the worst possible response. In the end, it will lead only to more resentment, more turmoil and more terrorism.”


Houston Chronicle (August 26)

2017/ 08/ 28 by jd in Global News

“Once again, a hurricane has slammed ashore on our coastline and all too many Texans will now face the daunting task of cleaning up and starting over.” Current Texans can take solace by remembering “that generations of Texans have survived storms as bad and even worse than Harvey. At the same time, let’s also remember a lesson we’ve learned through bitter experience: We can’t prevent hurricanes from hitting us, but we have to do everything we can to prepare for them.”


1843 (August Issue)

2017/ 08/ 27 by jd in Global News

“Doctors and parents both tell young people to eat healthily and drink in moderation, and the young finally seem to be listening. Recent shifts in spending” in both the U.S. and the UK “indicate that they are spending more on healthy food and less on boozing.” For example, in the U.S. “households headed by under-25s have increased their spending on fresh fruit by 77% and on fresh vegetables by 47% (in real terms)” while more than halving annual spending on alcohol “from about $560 in 2000 to roughly $270 in 2015.”


Institutional Investor (August 24)

2017/ 08/ 26 by jd in Global News

Last year, “investment in Central and Eastern European companies through private equity and venture capital” hit “its highest rate in seven years,” continuing “an upward trajectory since 2013, when the market bottomed out.”  Private equity fundraising rose 62% and “total private equity investment in the region hit  €1.6 billion ($1.9 billion).”


The Guardian (August 24)

2017/ 08/ 25 by jd in Global News

“Something big is slowly stirring in the undergrowth of British politics. Fact by fact, announcement by announcement, the case for Britain to remain in the European Union’s single market and customs union is growing stronger and more irresistible by the day. Such an outcome is most definitely not this government’s policy. But, this autumn, something will have to give.”


Reuters (August 22)

2017/ 08/ 24 by jd in Global News

Deflation “has hobbled Japan’s economy for nearly two decades, bedevilling policymakers despite drastic measures aimed at engineering a sustainable recovery.” For the sixth time, the Bank of Japan (BoJ) has delayed its 2% inflation target. This time until March 2020. Still, two-thirds of respondents in an August 1-16 Reuters Corporate Survey “saw the inflation goal as unrealistic,” with many of their responses further illustrating the complexities involved in overcoming deflation.


Wall Street Journal (August 21)

2017/ 08/ 23 by jd in Global News

“Investors are running out of reasons to keep buying U.S. stocks, exposing a growing number of warning signs. The historic calm that enveloped U.S. stocks for much of this year has been upended twice in the past two weeks…. It is too soon to call the end of the eight-year bull market, investors, traders and analysts say, but many agree the indiscriminate optimism that characterized the postelection rally is evaporating.”


New York Times (August 20)

2017/ 08/ 22 by jd in Global News

“With each day, President Trump offers fresh proof that he is failing the office that Americans entrusted to him. The rolling disaster of his presidency accelerated downhill last week…. Since the 1930s it has not typically been a challenge for an American leader to denounce Nazism.” But last week, Trump “chose instead to deliver a defense of white supremacists that raised as never before profound doubts about his moral compass, his grasp of the obligations of his office and his fitness to occupy it.”


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