The Economist (August 1)
“The downfall of America’s industrial giant is a cautionary tale for all big firms.” GE’s “near-collapse in 2018 beggared belief. It still limps on, but the suspects behind a destruction of $500bn in value over little more than 20 years are so many that the mystery feels like a whodunnit.”
Tags: Cautionary tale, Collapse, Destruction, Downfall, GE, Giant, Industrial, U.S.
Wall Street Journal (July 5)
The downfall of former Politburo member Ling Jihua may mark the end of “paramount leader Xi Jinping’s purge of political rivals under cover of an anticorruption campaign.” It’s not likely to end the intrigue. “While the ‘tiger hunt’ for top-level cadres may be over, that doesn’t mean Mr. Xi has consolidated power. China’s political struggle continues in other guises. This will make government policies unpredictable and risks conflict spilling out into public view in ways not seen since 1989.”
Tags: Anticorruption, Conflict, Downfall, Ling Jihua, Politburo, Power, Purge, Risks, Rivals, Unpredictable, Xi Jinping
