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Financial Times (June 5)

2018/ 06/ 07 by jd in Global News

“A clear lesson from last week’s sharp sell-off in Italian bond markets: the ‘doom loop’ that creates a direct link between eurozone countries and their banking systems is still a powerful force.”

 

Institutional Investor (November 13)

2017/ 11/ 15 by jd in Global News

“AI will transform asset management,” but “the biggest challenge we face may not be developing powerful predictive AI-based investment models.” Rather, it will be “simply convincing investors not to trust their own judgment. More broadly, the winners and losers will be decided not by the current market position of a firm or even the size of its checkbook, but by its ability to overcome its anthropocentric prejudice and trust AI like it would trust a human being.”

 

The Straits Times (October 24)

2017/ 10/ 26 by jd in Global News

“It will almost certainly turn out that Britain was more powerful—with more sovereignty—when it was part of a large organisation with international clout.” Following Brexit, the UK will likely be isolated, “with far fewer allies. British consumers, workers and entrepreneurs will pay the price.” But the UK’s fall should provide the rest of the world with a valuable lesson. “The sight of Britain’s sudden banishment to a world where you are better off dealing with cousins will be a useful tonic for everybody else.”

 

The Economist (October 14)

2017/ 10/ 15 by jd in Global News

“The world’s most powerful man” is now clearly Xi Jinping who possesses decidedly “more clout than Donald Trump.” As the U.S. abandons global leadership, Xi’s arrival on the world stage has been welcomed by many. But Xi is not a benign force. “The world should be wary” and “not expect Mr Xi to change China, or the world, for the better.”

 

The Week (May 23)

2017/ 05/ 25 by jd in Global News

“How much of a problem is it that the president of the United States, the most powerful person on Earth, is a blithering idiot?” Depends what kind of blithering idiot. “Raw intellect doesn’t translate to presidential success, and its absence could, in the right circumstance, be compensated for.” But “President Trump’s particular brand of stupidity” is very dangerous. “You can be dumb but modest, or dumb but thoughtful, or dumb but careful. Trump is none of those things. He’s boastful, impulsive, and careless, all while continuing to blaze new trails of thickheadedness, while the rest of us are left to stand back and gawp in amazement.”

 

New York Times (April 6)

2016/ 04/ 08 by jd in Global News

“The first reaction to the leaked documents dubbed the Panama Papers is simply awe at the scope of the trove” that includes some 11.5 million documents illustrating “how offshore bank accounts and tax havens are used by the world’s rich and powerful to conceal their wealth or avoid taxes.” That reaction quickly gives way to disgust and questions: “How did all these politicians, dictators, criminals, billionaires and celebrities amass vast wealth and then benefit from elaborate webs of shell companies to disguise their identities and their assets? Would there have been no reckoning had the leak not occurred?”

 

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