Wall Street Journal (July 2)
Government cheerleading for stock prices leads to blame when they fall” and China’s increasingly bearish market is upsetting some investors. “As we warned in April, when the government talks up the market, it runs a risk that the public will hold the Party leadership responsible for a market correction. Beijing may feel that it has to support stock prices now to maintain social stability.”
Tags: Beijing, China, Correction, Government, Investors, Market, Risk, Social stability, Stock prices
New York Times (July 1)
“Sometimes the bottom line matches the common good.” In the U.S., corporations are increasingly taking the lead as “agents of what’s practical, wise and even right.” The companies are interested in ensuring “that laws and local customs don’t prevent them from attracting and retaining the best work force” as they seek to strengthen their brands. These self-interested efforts “have produced compelling recent examples of companies showing greater sensitivity to diversity, social justice and the changing tides of public sentiment than lawmakers often manage to.”
Tags: Bottom line, Common good, Corporations, Diversity, Lawmakers, Laws, Right, Social justice, U.S., Work force
Bloomberg (June 29)
“Three years after Mario Draghi pledged to do whatever it took to save the euro, the mounting crisis in Greece is calling into question the integrity of the entire currency union.” Although Greece is minor in terms of economic output, “its exit would hurl the bloc into unknown territory by setting a precedent for other nations to reconsider their membership.”
Tags: Crisis, Currency union, euro, Exit, Greece, Mario Draghi, Membership
