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Financial Times (June 29)

2022/ 07/ 01 by jd in Global News

Hong Kong elite are visiting Japan on posh tours to invest in Tokyo. Property brokers say the tours demonstrate “the appeal of the weak yen” and “the way in which the Tokyo market seemed immune from the recessionary worries swirling around other capitals.”

 

Reuters (June 13)

2022/ 06/ 15 by jd in Global News

Despite tensions with the North, things are “upbeat” in Seoul. “Compared to pre-pandemic times, the capital city feels richer and more vibrant. A recent boom in local stocks, cryptocurrencies and real estate have spurred the city’s elite, unable to travel, to flex their wealth at home…. Luxury sales topped $14 billion in 2021, making South Korea one of the few markets worldwide to surpass 2019 levels.”

 

New York Times (March 7)

2019/ 03/ 08 by jd in Global News

“Canadians can be corrupt, too…. The scandal now enveloping Prime Minister Justin Trudeau—a bilingual, feminist, pro-multicultural liberal who embodies much of what we like to celebrate in our national character” reveals the “darker side to Canada’s smallness.” Things are often too cozy. The nation that comes off as quaint, friendly and cute has a “tiny network of political, business and intellectual elite” that is too “insular and concentrated.”

 

Wall Street Journal (July 5)

2017/ 07/ 07 by jd in Global News

“The bosses of America’s biggest and best-known companies are learning a common lesson this year: The pay is great, but job security has rarely been shakier.” During the first five months of 2017, CEO turnover at large companies more than doubled. The “churn reflects a broader reality for the country’s business elite: An array of challenges—from increasing impatience on Wall Street and in boardrooms to a corporate landscape rapidly transformed by new technologies and rival upstarts—have made the top job tougher and more precarious than just a few years ago.” Today, “even the biggest companies are vulnerable to shareholder disapproval and competitive forces that their size and stature once helped them fend off.”

 

Economist (October 1)

2016/ 10/ 02 by jd in Global News

“Globalisation’s critics say it benefits only the elite. In fact, a less open world would hurt the poor most of all…. There is a world of difference between improving globalisation and reversing it. The idea that globalisation is a scam that benefits only corporations and the rich could scarcely be more wrong.”

 

New York Times (July 22)

2016/ 07/ 23 by jd in Global News

“What historical shift, what tremors in American culture, yielded up Mr. Trump’s moment from the depths of the national id? How did a braggadocious Manhattan billionaire with a history of dodgy business deals convince 13 million people feeling battered by a changing world that he is their solution?” Mr. Trump has “sought advantage by playing to disaffected people’s worst instincts, inventing scapegoats and conspiracy theories, waging and inciting vicious attacks on those who disagree with him. He is a poisonous messenger for a legitimate demand.” The Republican Party need to “dedicate itself to improving working people’s lives, instead of serving the elite.”

 

The Economist (October 4)

2014/ 10/ 05 by jd in Global News

The modern digital revolution “is disrupting and dividing the world of work on a scale not seen for more than a century. Vast wealth is being created without many workers; and for all but an elite few, work no longer guarantees a rising income.”  The revolution has brought many benefits and has many more to offer, but a bold government response is necessary to ensure workers will be able to benefit from the digital revolution.

 

[archive]