{"id":3001,"date":"2014-06-11T07:00:38","date_gmt":"2014-06-10T22:00:38","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=3001"},"modified":"2014-06-11T13:14:16","modified_gmt":"2014-06-11T04:14:16","slug":"611-issue","status":"publish","type":"post","link":"http:\/\/www.irken.jp\/gn\/?p=3001","title":{"rendered":"6\/11 Issue"},"content":{"rendered":"

Super Mario again rode to the rescue of the EU. As the economy sputters and several countries teeter on the brink of deflation, the EU Central Bank took innovative measures to stimulate the economy. There appeared to be wide-spread support for the new measures. The <\/span>Wall Street Journal<\/a> writes Mario Draghi was right to do more, but it was wrong of the political leaders to force his hand through their own inaction. There are limits to what the central bank can achieve through monetary policy and Europe still wants for \u201cpro-growth economic reform.\u201d<\/span><\/p>\n

There is less consensus, but lots of commotion, about whether Seattle is doing the right thing by gradually raising its minimum wage to $15 an hour, the highest in the nation. The <\/span>Washington Post<\/a> reports that most economists, unlike most commentators, are honest about the likely results: nobody really knows. Moreover, what ultimately happens in Seattle\u2019s relatively strong economy may not be indicative of what would result in other situations.<\/span><\/p>\n

Speaking of commotion, Institutional Investor<\/a> reports that Chinese authorities are trying to ensure there is absolutely no commotion over the 25 year anniversary of Beijing\u2019s Tiananmen Square incident. Time is in their favor. In China, the younger generation has little awareness of the iconic events that once unfolded there.<\/p>\n

Since Tiananmen, China has enjoyed remarkable growth and stability. The transformation that has taken place is underscored by an update from the World Advertising Research Center<\/a> showing China will lead the way in digital advertising in Asia. Digital advertising already accounts for 40% of ad spend and is expected to reach 55% in China by 2018. By that date, digital advertising is also expected to approach half of ad spend in South Korea (46%) and Australia (43%), with some of the growth at the expense of print and mass media.<\/p>\n

The Financial Times<\/a> is calling on Fifa\u2019s corporate sponsors to force the governing body to \u201cmend its ways.\u201d With the World Cup set to begin, Fifa has been attracting unwanted attention for allegations of bribery in the selection of Qatar for the 2022 games. But this is hardly Fifa\u2019s first incident of failed governance and corruption, the newspaper \u201cdemands a complete overhaul,\u201d and rather unrealistically hopes the U.S. Congress will take the lead.<\/p>\n

The normally staid Financial Times<\/a> was also calling into question the data behind Thomas Piketty\u2019s recent blockbuster, Capital in the Twenty-First Century. Writing in the Washington Post<\/a>, Robert Samuelson sides with both a bit, asserting that \u201cinequality isn’t as great now as in the \u201920s,\u201d but that doesn’t mean the debate over current inequality is unimportant.<\/p>\n

German car makers have run away with the lead in the premium car market. The Economist<\/a> points out that this niche provides an outsized share of the automakers profits, but Japan\u2019s premium motor brands \u201care missing out on pots of potential profit.\u201d<\/p>\n

Japan is, however, once again capturing a tourism pot of gold. The Financial Times<\/a> reports that for the first time in 44 years, \u201cJapan\u2019s aggregate tourism-related revenues exceeded expenditures.\u201d Benefiting from an influx of Asian tourists, Japan took in Y17.7 billion ($172 million) more than it spent on tourism in April.<\/p>\n

****<\/p>\n

\u00a0<\/i><\/p>\n

To see the overseas media\u2019s takes on these and other developments, you can browse Global News highlights below or at http:\/\/www.irken.jp\/gn\/<\/a>. Links to the original sources are provided above, but please note these are frequently updated. Links that were valid at publication may later be broken.<\/p>\n","protected":false},"excerpt":{"rendered":"

Super Mario again rode to the rescue of the EU. As the economy sputters and several countries teeter on the brink of deflation, the EU Central Bank took innovative measures to stimulate the economy. There appeared to be wide-spread support for the new measures. The Wall Street Journal writes Mario Draghi was right to do […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3387],"tags":[],"class_list":["post-3001","post","type-post","status-publish","format-standard","hentry","category-irc-weekly"],"_links":{"self":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/3001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3001"}],"version-history":[{"count":3,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/3001\/revisions"}],"predecessor-version":[{"id":3007,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/3001\/revisions\/3007"}],"wp:attachment":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3001"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}