The Economist (November 11)
“For all its flaws, America has long been the greatest force for good in the world, upholding the liberal order and offering an example of how democracy works. All that is imperilled by a president who believes that strong nations look out only for themselves. By putting ‘America First’, he makes it weaker, and the world worse off.”
Tags: Democracy, Flaws, Force for good, Imperilled, Liberal order, U.S., Weaker, Worse off
Financial Times (July 28)
“More than 420,000 auto jobs in Germany could be imperilled by a 2030 ban on combustion engine cars” that’s currently under debate. “The beguilingly deceptive electric car… might look like any other car from the outside but inside, it is more like a computer on wheels.” For example, UBS analysts discovered a Chevy Bolt “had just 24 moving parts compared with 149 in a VW Golf, mainly because electric motors are so much simpler than combustion engines.” Moreover, it was much cheaper to produce than expected, leading to their conclusion that “with further cost falls likely, electric cars would probably disrupt the industry faster than widely understood.
Tags: Auto jobs, Ban, Bolt, Combustion engine, Disruption, Electric cars, Germany, Golf, Imperilled, Moving parts, UBS
