San Francisco Chronicle (September 28)
“Score one for public shaming. Following widespread outrage… Wells Fargo CEO John Stumpf has said he’ll forfeit his outstanding stock awards of about $41 million.” That’s not enough. He should resign. “The public is worn out by Wall Street’s bad behavior — and it’s also tired of watching low-level employees be scapegoated while top executives get off scot-free.”
Tags: Bad behavior, CEO, Forfeit, Outrage, Public shaming, Resign, Scapegoats, Stock awards, Stumpf, Wall Street, Wells Fargo
Washington Post (September 27)
“The global marketplace may tell the larger story” about the presidential debate. “As the evening concluded, thanks to Clinton’s obvious dominance, as well as her assertion that a Clinton presidency would honor U.S. commitments abroad, the Asian markets recovered, the Mexico peso rallied, and Dow futures added 100 points.”
Tags: Asian markets, Clinton, Dominance, Dow futures, Global markets, Honor, Mexico, Peso, Presidential debate, Rally, U.S. commitments
Wall Street Journal (September 26)
“As the oil bust shows little sign of reversing, independent refiners in China have emerged as perhaps the most important, and little-known, force in oil markets today.” Known as “teapots,” these refiners accounted for the vast majority of the 13.5% surge in imports this year by China, which now rivals the U.S. as world’s largest crude importer.”
CNN (September 25)
“On the weekend leading up to 2016’s first presidential debate, four news organizations came to a similar and sweeping conclusion: Donald Trump lies more often than Hillary Clinton.” Trump was found to lie nearly once every 3 minutes.
Tags: 3 minutes, Clinton, Conclusion, Lies, News organizations, Presidential debate, Trump
Politico (September 25)
“Donald Trump is the biggest liar ever to be a party’s nominee for president. Trump can’t go 5 minutes without lying. At his current pace, he can be expected to tell 25-30 lies at the first presidential debate.”
Tags: Liar, Lies Presidential debate, Nominee, President, Trump
Los Angeles Times (September 23)
“Hillary Clinton would make a sober, smart and pragmatic president. Donald Trump would be a catastrophe.” Electing the first female U.S. president “would surely be as exhilarating as it is long overdue…. But that’s not the chief reason to vote for her. She deserves America’s support because she is the overwhelmingly better candidate.”
Bloomberg (September 23)
“Singapore has done it again. The city-state beat New Zealand to rank first in a survey of expat destinations for the second year running…. Singapore is the best place to live, work and raise a family abroad.”
Tags: Destinations Live, Expat, Family, First, New Zealand, Singapore, Survey, Work
Financial Times (September 23)
“US banks have achieved a clean sweep of the top five places in global investment banking for the first time in at least six years.” This highlights “the country’s dominance of investment banking since the financial crisis.”
Tags: Banks, Dominance, Financial Crisis, Investment banking, U.S.
The Economist (September 22)
“There is an easy way out of the crisis in shipping. If enough lines scrapped their ships, the amount of spare capacity in the industry would fall.” But this is easier said than done. Few players want to scrap enough of their own capacity. “Until some serious scrapping takes place, do not be surprised if more shipping lines declare bankruptcy.”
New York Times (September 20)
Days after the Chelsea bombing, with an eye to this week’s UN meeting, the mayors of three great cities (Bill de Blasio of New York, Anne Hidalgo of Paris and Sadiq Khan of London) write, “We know policies that embrace diversity and promote inclusion are successful. We call on world leaders to adopt a similar welcoming and collaborative spirit on behalf of the refugees all over the world during the summit meeting this week. Our cities stand united in the call for inclusivity. It is part of who we are as citizens of diverse and thriving cities.”
Tags: Bombing, Chelsea, De Blasio, Diversity, Hidalgo, Inclusion, Khan, London, Mayors, New York, Paris, Refugees, Thriving cities, UN meeting
