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Institutional Investor (September Issue)

2010/ 09/ 16 by jd in Global News

Four months ago, a sovereign-debt crisis threatened the euro. Today, there is “growing confidence that the region has pulled itself back from the brink.” Institutional Investor points out “crisis eased is far from crisis resolved.” Though the outcome has been better than expected, the euro region still lacks consensus on a mechanism to avoid a future crisis. “The debt crisis has yet to spark the life-altering transformation that the euro area needs.”

 

Financial Times (September 13)

2010/ 09/ 15 by jd in Global News

Two years ago Lehman Brothers collapsed on 9/15. Nine years ago the World Trade Center collapsed on 9/11. Which was the bigger event? 9/11 reinforced the old world order with the U.S. taking the lead. But after 9/15, the U.S. was no longer in front. Lehman called the U.S. financial model into question. 9/15 also highlighted the rise of China and other emerging economies, which bounced back from the shock much faster than developed economies.

 

Telegraph (September 13)

2010/ 09/ 15 by jd in Global News

“America and Europe face the worst jobs crisis since the 1930s.” Dominique Strauss-Kahn, head of the International Monetary Fund (IMF) warns that “the Great Recession has left behind a waste land of unemployment.” Approximately 30 million jobs were lost, 75% in developed economies. In the U.S., 50% of the unemployed have been seeking jobs for over 6 months, a situation last seen during the Great Depression.

 

New York Times (September 10)

2010/ 09/ 12 by jd in Global News

Nine years have passed since September 11 and “skyscrapers are finally starting to rise from the ashes of ground zero.” The rebirth reminds us of “the right way” to honor the victims.” Hopefully, the redevelopment will spur away “the intolerance and fear that have mushroomed across the nation.”

Nine years have passed since September 11 and “skyscrapers are finally starting to rise from the ashes of ground zero.” This rebirth remind us of “the right way” to honor the victims.” Hopefully, the redevelopment will also help spur away “the intolerance and fear that have mushroomed across the nation.”

 

The Economist (September 9)

2010/ 09/ 11 by jd in Global News

Soon Mexico will celebrate 200 years of independence from Spain. Across Latin America, similar anniversaries are popping up. Yet, how much is there to celebrate? “Democracy may have replaced the dictators of old…but other Latin American vices such as corruption and injustice seem as entrenched as ever.” The Economist points out that economic progress has been “remarkable.” Between 2003 and 2008, the region grew at an annual rate of 5.5%. Growth paused during the economic crisis, but the region is again poised to register 5% growth in 2010. “After two centuries of lagging behind, the southern and central parts of the Americas are at last fulfilling their potential.” Now that’s worth celebrating.

Soon Mexico will celebrate 200 years of independence from Spain. Across Latin America, similar anniversaries are popping up. Yet, how much is there to celebrate? “Democracy may have replaced the dictators of old…but other Latin American vices such as corruption and injustice seem as entrenched as ever.” The Economist, however, points out that economic progress has been “remarkable.” Between 2003 and 2008, the region grew at an annual rate of 5.5%. Growth paused with the economic crisis, but the region is again poised to register 5% growth in 2010. “After two centuries of lagging behind, the southern and central parts of the Americas are at last fulfilling their potential.”Now that’s worth celebrating.

 

Wall Street Journal (September 9)

2010/ 09/ 10 by jd in Global News

Will financial regulators meeting in Basel this weekend provide a miracle? The Wall Street Journal hopes regulators decide to double or even triple the amount of capital banks are required to hold against losses. This would reduce the risk that taxpayers will again have to bail out the banks.

 

New York Times (September 7)

2010/ 09/ 08 by jd in Global News

Japan has had 14 prime ministers in the last 20 years and now faces the possibility of a third prime minister in a single year. The “leadership merry-go-round” must end. “Revolving-door leaders with constantly shifting agendas are not in Japan’s interest — or the rest of the world’s.”

 

Washington Post (September 7)

2010/ 09/ 08 by jd in Global News

We used to divide Europe into the East and West, but Europe “is slowly redividing itself into ‘North’ and ‘South.’” The description is not strictly geographic. Countries in the North (Germany, Poland, Estonia, Scandinavia, the Czechs and the Slovaks ) follow conservative fiscal policy. The South is made up of those countries that overspend (Greece, Spain, Portugal, Italy, Hungary, Bulgaria and Ireland). In between, is the UK, which is desperately trying to get back into the Northern grouping with drastic austerity measures.

 

Financial Times (September 5)

2010/ 09/ 07 by jd in Global News

The world needs to awake to the threat posed by global food crisis. After all, we’ve had two in the past 2 years. Riots sparked by food shortages in 2007-08 brought down governments in Haiti and Madagascar. Last week, a 30% spike in the price of bread, caused unrest in Mozambique. “Steps should be taken to mitigate the severity of crises when they strike.” Larger reserves are one of the first steps that we should take.

 

The Economist (September 2)

2010/ 09/ 03 by jd in Global News

“Japan’s ruling party should cast its most famous member, Ichiro Ozawa, into the wilderness.” The DPJ should reject Ozawa and the old-school politics he represents. The Economist warns the DPJ “can expect no mercy” from voters if they elect Ozawa as their leader.

 

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