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International Banker (December 18)

2023/ 12/ 19 by jd in Global News

If Japan’s Financial Services Agency and the nation’s “asset-management industry work together to establish ‘customer-oriented business operations’, they may succeed in gaining the trust of retail investors, and the financial assets of Japanese households may finally show a visible shift from cash and deposits to securities.” Two decades of failed efforts starting with the Big Bang financial reform suggest “it will take much effort to gain the trust of retail investors, some of whom have experienced disappointing returns in the past. Unless the Japanese financial industry works harder than ever for customers’ interests, the goal of ‘savings to investments’ will turn out to be elusive once again.”

 

Bloomberg (October 12)

2022/ 10/ 13 by jd in Global News

“In a fresh sign of Japan’s dysfunctional bond market, the 10-year benchmark failed to trade for a third consecutive session Tuesday, the longest such streak since 1999.”

 

Wall Street Journal (July 23)

2022/ 07/ 25 by jd in Global News

The facts being presented by the Jan. 6 special committee are “sobering,” and “the most horrifying to date” was “President Trump’s conduct as the riot raged and he sat watching TV, posting inflammatory tweets and refusing to send help…. Character is revealed in a crisis, and Mr. Pence passed his Jan. 6 trial. Mr. Trump utterly failed his.”

 

Wall Street Journal (September 26)

2021/ 09/ 28 by jd in Global News

“The American supply chain has so far failed to adapt to the crush of imports as businesses rush to restock pandemic-depleted inventories.” At the ports of Los Angeles and Long Beach, two major shipping gateways, *more than 60 ships are lined up to dock, with waiting times stretching to three weeks.” The obvious fix, switching to 24/7 operations, remains problematic due to a shortage of trucks, storage and workers.

 

Washington Post (July 20)

2020/ 07/ 22 by jd in Global News

“Six months after the coronavirus appeared in America, the nation has failed spectacularly to contain it. The country’s ineffective response has shocked observers around the planet.” Though many other “countries have rigorously driven infection rates nearly to zero,” in the U.S. “coronavirus transmission is out of control. The national response is fragmented, shot through with political rancor and culture-war divisiveness.”

 

Chicago Tribune (April 5)

2019/ 04/ 07 by jd in Global News

“Trump is terrible at making deals. His threat to close the U.S.-Mexico border offers the latest example…. Trump tried to get Mexico to pay for his cherished wall and failed. He tried to get Congress to provide $5.7 billion to construct it and failed despite putting the country through a 35-day government shutdown.” The President “is good at making demands and issuing threats, but those are useful only if you know how to bargain and compromise. He fails at making deals because he has never learned that in negotiations, as in war, the other side gets a vote.”

 

New York Times (December 14)

2018/ 12/ 16 by jd in Global News

“The distress of 50 million Americans should concern everyone. Powerful economic forces are arrayed against rural America and, so far, efforts to turn it around have failed. Not every small town can be a tech hub, nor should it be. But that can’t be the only answer.”

 

NBC News (December 11)

2018/ 12/ 12 by jd in Global News

“First, President Donald Trump failed in his pledge to ‘hire the best people’ in the White House; now, he’s having trouble hiring any people. These phenomena are not unrelated.” Trump’s first pick for Chief of Staff turned him down. This should be no surprise as it’s an unenviable job: “Trump has the impulse control of a hungry, intoxicated bear and bridles at attempts to keep him disciplined or to bring order to his administration.”

 

The Times (December 9)

2018/ 12/ 10 by jd in Global News

“This week, parliament’s Brexit drama reaches its climax, resulting perhaps in a nation set on a course that no one seems to think is in the national interest, or the collapse of a government, or the fall of a prime minister. Barring a last-minute miracle, Theresa May has lost her final battle. Her big push has failed.”

 

New York Times (May 30)

2016/ 05/ 30 by jd in Global News

Though European leaders are congratulating themselves for the latest debt agreement for Greece, “there is little to celebrate. Greece is bankrupt in all but name…. The reality is that Greece can’t be squeezed any harder.” The latest agreement is more of the same. “This crisis will never end if European leaders keep pushing policies that have repeatedly failed.”

 

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