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Washington Post (June 8)

2018/ 06/ 10 by jd in Global News

“Trump is waging a trade war in the dumbest way possible.” In the best of times, “trade wars are neither good nor easy to win…. Every side loses, experiencing lost jobs, crippled businesses and higher prices for consumers.” Trumps tariffs are now estimated to result in 16 lost U.S. jobs for every job gained in the aluminum/steel industry: a painful, self-inflicted wound. Moreover, the counterpunches of our trading partners “are likely to draw more blood.” With the “already announced $40 billion worth of retaliatory tariffs on U.S.-made products,” Canada, the EU, Mexico, Russia, India, Japan and Turkey have “fine-tuned the art of minimizing their own pain — and maximizing ours.”

 

Time (March 22)

2018/ 03/ 24 by jd in Global News

“Farmers, electronics retailers and other U.S. businesses are bracing for a backlash as President Donald Trump targets China for stealing American technology or pressuring U.S. companies to hand it over.”0

 

Chicago Tribune (April 24)

2017/ 04/ 25 by jd in Global News

President Trump is now talking about “a ‘massive tax cut’ for businesses and individuals.” He even said it would likely be “bigger” than “any tax cut ever.” Simplistic boasts may be exciting, but they are dangerous. “Here’s the thing: Trump, who used the word ‘massive’ 12 times in that AP interview, forgot to mention a huuuuge caveat about tax reform efforts: They are devilishly difficult to pull off. Cutting taxes without adding trillions to the federal debt is especially hard to do.”

 

The Economist (October 24)

2015/ 10/ 25 by jd in Global News

The approach insurgent companies are taking will survive long after some of them have failed. They are providing a striking addition to the capitalist toolbox. Airbnb and Uber and the rest…. are pioneering a new sort of company that can do a better job of turning dreams into businesses.”

 

New York Times (June 7)

2015/ 06/ 08 by jd in Global News

“In a welcome development, businesses are asking world leaders to do more to address climate change. This week, the top executives of six large European oil and gas companies called for a tax on carbon emissions.” Implementation will face stiff resistance, but “world leaders, who will meet in Paris later this year to negotiate a climate change agreement, cannot give up in the face of this opposition. Carbon taxes are one of the best policies available to solve this global problem.”

 

Washington Post (April 8)

2015/ 04/ 09 by jd in Global News

A recent study from the International Monetary Fund (IMF) “confirms that the investment bust is a global phenomenon. It’s not just the United States but also Europe, Japan and most advanced countries. As important, the main cause of the investment slump is clear-cut: Businesses aren’t expanding because they can already meet most demand with existing capacity.”

 

Washington Post (August 13)

2014/ 08/ 15 by jd in Global News

“U.S. businesses are aging…and a sharp decline in start-up companies is a big reason. As the share of young firms shrinks, the surviving companies are naturally older — and this may have huge ramifications for the economy.” Nobody’s sure why this trend is occurring, but it suggests slower job creation and raises a troubling question. “Could it be that a society whose members are getting older is more risk-averse and less adventurous?”

 

The Economist (March 1)

2014/ 03/ 02 by jd in Global News

Businesses can never fully eliminate fraud, but directors and executives must “treat it like any other unavoidable risk, and manage it professionally.” This means listening carefully to whistleblowers. “Three times as many frauds are discovered by tip-offs than by any other method…. Firms with fraud hotlines, which staff can call anonymously, suffer smaller losses from fraud, and cut by seven months the ‘exposure gap’ between the start of an illicit scheme and its discovery.”

 

Euromoney (August Issue)

2013/ 08/ 25 by jd in Global News

In the U.S., it seems everyone is becoming an entrepreneur. “Some 6 million businesses were created in the U.S. in 2012. The country is experiencing a start-up boom…. Since the financial crisis, the number of businesses being started has rocked.”

 

The Economist (March 16)

2013/ 03/ 17 by jd in Global News

America’s “debt is rising, its population is ageing in a budget-threatening way, its schools are mediocre by international standards, its infrastructure rickety, its regulations dense, its tax code byzantine, its immigration system hare-brained—and it has fallen from first position in the World Economic Forum’s competitiveness rankings to seventh in just four years.” But “dysfunction in Washington is only one side of America’s story…. There is also another America, where things work.” The successful side of America can be seen in the improving performance of the real economy where “businesses and politicians are not waiting for the federal government to ride to their rescue.”

 

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