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Reuters (June 21)

2018/ 06/ 23 by jd in Global News

“An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim—- Germany’s auto sector.”

 

New York Times (June 20)

2018/ 06/ 22 by jd in Global News

“The United States should stop the scattershot, pointless nonsense on tariffs and go the other way, and hard: It should drop all tariffs, even if the rest of the world doesn’t follow.” Economists have long “understood that free trade is the best policy. Studies show that countries with freer trade have both higher per-capita incomes and faster rates of productivity growth. Economists have also long understood that barriers to trade, while pitched as a way to help domestic workers, always heavily penalize domestic consumers.”

 

The Diplomat (June 19)

2018/ 06/ 21 by jd in Global News

“Comparisons–both fair and unfair–will likely be drawn between this government’s response to the Osaka earthquake and the 3.11 triple disaster or the 1995 Hanshin earthquake to score political points. Abe will be under pressure to centralize command without micromanaging, to foster cooperation at the municipal level without overreaching. Though this natural disaster is not on the scale of either the 3.11 or Hanshin earthquakes, given Abe’s grim political outlook, he cannot afford any misstep under this kind of scrutiny.”

 

Institutional Investor (June 18)

2018/ 06/ 21 by jd in Global News

“Morgan Stanley remains undefeated in its ability to grant investors access to Asian companies—but perhaps not for much longer.” The firm has bagged Institutional Investor’s top spot since 2013, but this year “the New York-based bank tied for first with rival UBS Group, which has been gradually moving up the roster from its fourth-place debut five years ago.”

 

Time (June 18)

2018/ 06/ 20 by jd in Global News

“German Chancellor Angela Merkel faces a political crisis that could reshape Europe’s migration crisis and potentially end her ten years in power” as a standoff “over Germany’s liberal migration policies threatens to collapse the fragile coalition that Merkel presides over.”

 

South China Morning Post (June 18)

2018/ 06/ 19 by jd in Global News

“The first punches in a trade fight that China didn’t want have been thrown, and now Chinese President Xi Jinping is poised to match his US counterpart Donald Trump blow for blow.” China has plenty of ammunition in a fight that might come down to painful attrition. “Safety inspections, consumer boycotts and approval delays are just some of the ways that Beijing can respond to action from Washington.”

 

The Economist (June 16)

2018/ 06/ 18 by jd in Global News

“The Irish border presents a near-insurmountable roadblock to a hard exit. With less than six months of negotiating time left, it is becoming clear that Brexit will be softer than Mrs May set out. That is good news for Europe and for Britain.”

 

Bloomberg (June 15)

2018/ 06/ 17 by jd in Global News

“The trouble is, every time China’s leadership finds itself with the appetite for the long-awaited rebalancing away from investment and toward consumption, it finds itself staring into a terrifying abyss of slowing growth…. Beijing has been trying to take its foot off the accelerator of state fixed-asset investment almost since it tapped it two years ago, but private investment clearly hasn’t been sufficient to fill the gap.” Now a trade war is likely to “trample” the long-awaited rebalancing.

 

Newsweek (June 13)

2018/ 06/ 16 by jd in Global News

Kim was the “undisputed winner” and rather “sadly, this isn’t really up for debate.” Kim successfully “appealed to Trump’s vanity…. On its own, putting the suspension of our defensive joint military exercises on the table in exchange for nothing concrete is a jaw-dropping concession from both a diplomatic and a military readiness perspective. In addition, it seems the Defense Department was not consulted, nor were our South Korean allies.”

 

Financial Times (June 13)

2018/ 06/ 15 by jd in Global News

“We live in an age judged to be one of exciting technological change, but our national accounts tell us that productivity is almost stagnant. Is the slowdown or the innovation an illusion?” The truth is we don’t yet know and it might be something else. There might be a measurement error or a lag before big gains from AI and other revolutionary technologies kick in.

 

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