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Forbes (September 20)

2018/ 09/ 22 by jd in Global News

“Britain’s non-binding resolution, to leave the EU (aka Brexit) is moving forward because one weak-willed and weak-minded politician, U.K. Prime Minister Teresa May, is treating the 2016 opinion poll as legally binding. It wasn’t and isn’t.” It is time for the Prime Minister to “exit Brexit” and “reverse the U.K.’s mistake.”

 

Institutional Investors (June 11)

2018/ 06/ 13 by jd in Global News

“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”

 

Fortune (January 28)

2018/ 01/ 30 by jd in Global News

Ingvar Kamprad, the founder of Ikea, died at 91. With an estimated net worth of $58.7 billion, he was the world’s eighth-richest person. Renowned for living miserly, he created a revolution in furnishings. In 2005, he was named “the most influential taste-maker in the world” by the U.K. style magazine Icon, which wrote, “‘if it wasn’t for Ikea, most people would have no access to affordable contemporary design. The company has done more to bring about an acceptance of domestic modernity than the rest of the design world combined.’”

 

Institutional Investor (June 4)

2017/ 06/ 06 by jd in Global News

Due to Brexit, “sovereign investors now consider the U.K. less attractive than they did a year ago and are instead favoring investments in Germany and India as part of a broader move to so-called safe haven markets.” The change in sentiment was identified through a survey of “sovereign wealth funds, state-owned pensions, and central banks polled by Invesco.”

 

Euromoney (March 24)

2017/ 03/ 26 by jd in Global News

“The UK economy seems at last to be suffering from the erosion of purchasing power by sterling-induced inflation. All of this smacks of stagflation, a constitutional crisis and rising political risk. UK gilts will suffer.”

 

Institutional Investor (June 23)

2016/ 06/ 24 by jd in Global News

“The referendum on U.K. membership in the European Union continues to dominate market risk narratives, with both equity futures and the pound sterling strengthening in early trading, suggestion a degree of confidence among investors that the nation will remain in the EU.”

 

Institutional Investor (February Issue)

2015/ 02/ 25 by jd in Global News

“Over the past five years, as Barclays and Royal Bank of Scotland in the U.K., UBS and Credit Suisse in Switzerland and even Deutsche Bank have pared back their investment banking activities, U.S. banks have powered ahead in the European arena in just about every sector, including the all-important FICC and M&A advisory categories.”

 

Wall Street Journal (April 10)

2014/ 04/ 11 by jd in Global News

“The U.K. and U.S. economies are recovering, and pessimistic predictions that fiscal consolidation was incompatible with economic recovery have turned out to be comprehensively wrong,” writes George Osborne. The UK’s chancellor of the exchequer is equally upbeat that the both countries will surpass the “gloomy arguments” being put forth by pessimists of secular stagnation. Free markets continue to be the “engines of progress…. we can secure lasting economic growth and ensure that all of our citizens benefit.”

 

Time (July 1)

2013/ 07/ 02 by jd in Global News

“Japan’s upper house gave final approval on June 12 for a $500 million, 20-year fund to promote Japanese culture overseas. Called Cool Japan, the multidisciplinary campaign is designed to plug everything from anime and manga to Japanese movies, design, fashion, food and tourism…. It’s unfortunate that the name of a campaign to showcase creative originality strongly echoes Cool Britannia, the pop-cultural flowering that took place in the U.K. in the 1990s.”

 

The Economist (April 8, 2013)

2013/ 04/ 10 by jd in Global News

“As prime minister from 1979 to 1990, Margaret Thatcher transformed Britain and left an ideological legacy to rival that of Marx, Mao, Gandhi or Reagan.” Lady Thatcher was the UK’s first and, to date, only female prime Minister. She also “remains the only occupant of Number 10 to have become an “-ism” in her lifetime.”

 

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