Reuters (December 9)
“Wherever you think inflation is coming from, it’s not China – not yet at least…. China said its factory-gate prices showed an annual fall for a second month in a row last month – the latest in stream of numbers revealing the impact of the government’s draconian COVID curbs, now being gradually lifted.”
Tags: China, COVID curbs, Draconian, Factory-gate, Fall, Government, Impact, Inflation, Prices
Reuters (January 24)
Hong Kong’s “status as a global financial hub” is being threatened by its “zero COVID” policy and draconian immigration protocols. With no signs the government will ease restrictions, “more expats are thinking of leaving, and global banks, asset managers and corporate law firms are facing up to many of their staff exiting after annual bonuses are paid out in the first three months of the year.”
Tags: Asset managers, Banks, Draconian, Expats, Financial hub, Hong Kong, Immigration, Restrictions, Staff, Threatened, Zero COVID
Wall Street Journal (February 24)
“The stock market’s steep drop on Monday reflected fears that as the coronavirus spreads to other countries, the reaction may be as draconian as it has been in China.” We are in unchartered waters as “Epidemiologists say there is no precedent for such a drastic response.” Nor can we accurately forecast their economic impact.
Tags: China, Coronavirus, Draconian, Drop, Epidemiologists, Precedent, Reaction, Stock market
Los Angeles Times (March 16)
With his proposed budget, President Trump “would slash education, research, foreign aid and many domestic programs to make room for one of the biggest military buildups in history.” The proposal is unlikely to gain traction. “It’s such a Draconian approach and would inflict so much pain on lawmakers’ constituents — especially in Red State America — that Congress is expected to ignore most of Trump’s proposal.”
Tags: Budget, Buildup, Congress, Draconian, Education, Foreign aid, Military, Pain, Research, Trump, U.S.
Wall Street Journal (January 26)
While the Greeks are likely to remain in the eurozone, “the Syriza victory is nonetheless a rebuke to European leaders. Greeks believe, not unreasonably, that the conditions imposed by the troika have been disastrous.” Rather than “promoting pro-growth reforms,” the European Commission, European Central Bank and International Monetary Fund imposed measures focused on “draconian fiscal tightening.” The result was predictable: “falling wages and pensions and rising taxes, with no growth in return for the pain.”
Tags: Draconian, ECB, European Commission, European leaders, eurozone, Fiscal tightening, Greek, Growth, IMF, Pensions, Reforms, Syriza, Taxes, Victory, Wages
