Chicago Tribune (April 20)
J.B. Pritzker, the Illinois governor, has done “more than this inadequate and lame leader in Washington. Pritzker has donated $2 million of his own personal money, as well as is dealing with China directly to get PPE supplies instead of waiting on this dysfunctional administration. He has taken the bull by the horns to try and save people.”
Tags: China, Donated, Dysfunctional, Governor, Illinois, PPE, Pritzker, Supplies, Trump, Washington
Wall Street Journal (May 30)
“Critics are accusing President Trump’s 2018 budget of ‘gutting the safety net’ with cuts to food stamps and disability insurance. In reality, the White House is proposing long-needed reforms that would fix a dysfunctional disability system that traps Americans in dependency.”
Tags: Accusing, Budget, Critics, Cuts, Dependency, Disability, Dysfunctional, Food stamps, Insurance, Safety net, Trump, U.S.
The Week (February 14)
“It’s three whole weeks into the Trump administration, and this is already looking like the most dysfunctional White House in memory. While we had plenty of other things to worry about when contemplating a Donald Trump victory during the campaign, this should have been utterly predictable.”
The Economist (August 20)
“What are the most dysfunctional parts of the global financial system?” While here are many candidates, “if sheer size is your yardstick, nothing beats America’s housing market.” At $26 trillion, “it is the world’s largest asset class” and “the slab of mortgage debt lurking beneath it is the planet’s biggest concentration of financial risk.” This wasn’t fully sanitized in the wake of the financial crisis. “Vast, nationalised, unprofitable and undercapitalised, it remains a menace to the world’s biggest economy.”
Tags: Asset class, Dysfunctional, Financial risk, Global financial system, Housing market, Mortgage debt, Size, U.S.
Wall Street Journal (December 9)
“Rather than reform the markets, Beijing wants to inflict pain on the brokers to assuage public anger over the crash.” This sort of meddling by the government helps explain why China’s financial markets remain dysfunctional. “China’s largest brokerage is now missing six of its eight top bosses” who are widely assumed to to “have been detained by police.” Numerous others have disappeared under similar circumstances. “But political interference risks repeating the boom and boost cycle. Putting brokers in prison won’t strengthen markets unless it is part of a new commitment to consistently enforce the law.”
Tags: Beijing, Brokerage, Brokers, China, Crash, Dysfunctional, Government, Markets, Public anger, Reform
The Financial Times (October 19)
“The debt drama in Washington stirred a jumble of emotions in Europe. Cold fear that a US default could tip the world back into a slump jostled with schadenfreude as Europeans recalled the stern American lectures on their handling of the euro crisis. The eurozone may be dysfunctional, but so too is the US.”
Tags: Americans, Default, Dysfunctional, Emotions, Euro crisis, Europe, Europeans, eurozone, Schadenfreude, U.S., Washington
