The Economist (August 10)
“Since the trade war began in 2018 the damage done to the global economy has been surprisingly slight.” No longer. “This week the picture darkened as the confrontation between America and China escalated, with more tariffs threatened and a bitter row erupting over China’s exchange rate.” Compromise is essential. “But for that to happen President Donald Trump and his advisers must rethink their strategy…. America cannot have a cheap currency, a trade conflict and a thriving economy.”
Tags: China, Compromise, Confrontation, Damage, Exchange rate, Global economy, Tariffs, Trade war, Trump, U.S.
The Economist (August 3)
“Still a livelihood for 1.5bn people, forests maintain local and regional ecosystems and, for the other 6.2bn, provide a—fragile and creaking—buffer against climate change. Now droughts, wildfires and other human-induced changes are compounding the damage from chainsaws. In the tropics, which contain half of the world’s forest biomass, tree-cover loss has accelerated by two-thirds since 2015; if it were a country, the shrinkage would make the tropical rainforest the world’s third-biggest carbon-dioxide emitter, after China and America.”
Tags: Buffer, Chainsaws, China, Climate change, CO2, Damage, Droughts, Ecosystems, Forests, Livelihood, Tropical rainforest, U.S., Wildfires
South China Morning Post (July 2)
“Hong Kong has entered uncharted waters in terms of protest chaos and violence, with the storming and takeover of the Legislative Council building by mostly young activists opposing the now-suspended extradition bill.” A “fundamental rethink” by the government’s strategy is essential “to end the violence and move the city forward.” Ultimately, “cool heads must prevail to avoid further clashes and damage to both public property and the city’s reputation.”
Tags: Activists, Chaos, Clashes, Damage, Extradition bill, Government, Hong Kong, Legislative Council, Property, Protest, Rethink, Uncharted waters, Violence
The Economist (June 29)
The “metropolis of money, known as the City, generates £120bn ($152bn) of output a year—as much as Germany’s car industry.” Increasingly, Brexit appears to threaten an outcome that “would make the eu poorer and damage London’s position.” In addition, the end result could “change the workings of the global financial system.”
Tags: Brexit, Car industry, Damage, EU, Financial system, Germany, London, Metropolis, Money, Outcome, Output, Poorer, The City
Investment Week (June 24)
“The highly-publicised suspension of Neil Woodford’s flagship LF Woodford Equity Income fund has significantly damaged the UK general public’s relationship with investing…. There will ‘clearly be ramifications’ for the active management industry.”
Tags: Active management, Damage, Flagship, Fund, General public, Investing, Ramifications, Suspension, UK, Woodford
South China Morning Post (June 20)
The trade war between the U.S. and China “is pushing the world economy closer to the edge. The longer it goes on, the harder it will be to undo the damage,” which clearly already is being inflicted. “Compared to pre-2008 crisis levels, world economic growth has plummeted by half and is at risk of a long-term, hard-to-reverse stagnation. Returning to global integration and multilateral reconciliation could dramatically change the scenario.”
Tags: China, Crisis, Damage, Economic growth, Integration, Plummeted, Stagnation, Trade war, U.S., World economy
Washington Post (December 17)
It’s not clear “the country has fully comprehended the damage being done by a president who misbehaves so frequently…. Globally, the United States has lost its power, its aura of seriousness and decisiveness that once made autocrats hesitate before crossing us. Now we are a country that can’t seem to stand up to a ruler who orders the murder and dismemberment of a dissident who was a legal U.S. resident or call out Russia’s intrusion into America’s democratic process…. A child occupies the White House, and the world knows it.”
Tags: Aura, Child, Damage, Decisiveness Dismemberment, Misbehaves, Power, President, Russia, Seriousness, U.S.
Chicago Tribune (November 26)
“Global warming is a Midwest crisis in the making.” A just released federal climate change report predicts “sopping rains will damage crops, then heat waves will fry them. Humid conditions will spur the growth of pests and pathogens that will degrade the quality of stored corn or soybeans. Before mid-century… Midwest agricultural productivity will slip back to levels of the 1980s.”
Tags: Agriculture, Climate change, Corn, Crisis, Crops, Damage, Global warming, Heat waves, Midwest, Pathogens, Pests, Productivity, Rains, Soybeans
South China Morning Post (November 25)
The unfolding truth “appears to be rather different” than “the narrative spun by Nissan and apparently condoned by Japanese authorities.” When the full story about Ghosn is revealed, “it threatens to do at least as much damage to the reputation of the government and industry alliance known as Japan Inc as to the man at the centre of the affair” for it increasingly appears “Nissan’s old guard struck back against their ‘gaijin’ savior.”
Tags: Alliance, Authorities, Damage, Ghosn, Government, Industry, Japan Inc., Nissan, Reputation, Truth, Unfolding
Wall Street Journal (August 2)
“No one knows if Donald Trump is serious or trolling when he tweets,” but the “damage from firing Mr. Mueller is so predictable that’s it hard to believe even Mr. Trump would tempt such a fate.”
