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The Guardian (November 18)

2016/ 11/ 20 by jd in Global News

“Last-line antibiotics against serious pneumonia and bloodstream infections are under real threat in Europe as resistant strains of bacteria emerge…. Particularly worrying is the increase in resistance to antibiotics considered the last line, where there are no new drugs to treat patients with certain serious infections.”

 

Chicago Tribune (November 17)

2016/ 11/ 19 by jd in Global News

Despite his “nasty campaign bluster,” elements of Donald Trump’s “economic plan could boost growth and standards of living here and nationwide. This is potentially good news for millions of jobs-starved Americans.” But the devil is in the details. “There are yuuuuge caveats. Trump has not been good on details, he’s a serial exaggerator, and he’s completely out to sea in his insistence that America has the option to unplug from global trade. He also pays little heed to the nation’s $20 trillion debt, the looming threat of Social Security insolvency and Medicare’s unsustainable cost trajectory.” Still, the country could benefit from having someone who’s a “business guy and dealmaker at heart” in the White House.

 

Reuters (November 16)

2016/ 11/ 18 by jd in Global News

“It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.” With the resignation of SEC Chairman Mary Jo White, who was a proponent of regulation, Trump’s team will have a relatively free hand. “Some rules already are marked for death or dialback.” Among them are the conflict mineral disclosure requirements and “a proposal that would require companies to disclose pay ratios between their CEOs and employees.”

 

Bloomberg (November 16)

2016/ 11/ 17 by jd in Global News

“One week after India’s sudden declaration that 500- and 1,000-rupee notes were no longer legal tender, the economy is in chaos.” Designed to shake out black money, “what seemed at first to be a masterstroke by Prime Minister Narendra Modi now looks like a grave miscalculation.” The move invalidated over 80% of the currency in circulation, crippling the economy. “The central bank has struggled to print replacement denominations—and the new notes are the wrong size for existing ATMs.” It could be months before things return to normal.

 

The Week (November 14)

2016/ 11/ 16 by jd in Global News

“Success has its own kind of persuasion. And in the wake of Donald Trump’s stunning electoral victory, many conservatives who long opposed him are trying to talk themselves into President Trump.” Even though “we don’t know what sort of president Trump will be, largely because he campaigned out of both sides of his mouth,” there may still be “a path whereby Republicans really can save Trumpism from Trump, and reinvigorate the country.”

 

Washington Post (November 13)

2016/ 11/ 15 by jd in Global News

“Nobody, probably including Donald Trump himself, really knows what he will do in foreign affairs. The fear is he will drive the world deeper into chaos and start a global trade war, or maybe a real war. The hope is that he will be tamed, as outsiders promising radical change frequently are, by sane advisers, the bureaucracy, Congress and — just maybe — a sense of the responsibilities of office.”

 

The Economist (November 12)

2016/ 11/ 13 by jd in Global News

Trump’s election “threatens old certainties about America and its role in the world.” America’s allies have been rocked by “the sense that old certainties are crumbling…. The fear that globalisation has fallen flat has whipsawed markets. Although post-Brexit Britons know what that feels like, the referendum in Britain will be eclipsed by consequences of this election. Mr Trump’s victory has demolished a consensus. The question now is what takes its place.”

 

Time (November 10)

2016/ 11/ 12 by jd in Global News

“It turns out that Donald Trump was qualified to be President, after all. He was credentialed by the American people on Election Day….. He’s not prepared for it, and his demeanor remains profoundly unpresidential–but make no mistake, it was his demeanor that won him the presidency. Every time he said something that “serious” people found unhinged, a vast swath of the country found it honest and refreshing and real, even if they disagreed with it….. He didn’t suffer for the outrage; he gained strength from it.”

 

CNN (November 10)

2016/ 11/ 11 by jd in Global News

“Donald Trump’s populist campaign didn’t always square with his past statements. And that makes his agenda as president anybody’s guess.” His fluid positions “could give the businessman an edge in making legislative deals…. Or it could halt action in Washington completely if he finds himself at odds with both Republicans and Democrats.”

 

Bloomberg (November 10)

2016/ 11/ 11 by jd in Global News

The Bank of Japan (BoJ) proved no match for the zero lower bound. “The Bank of Japan’s recent quarterly report says, in effect, that the central bank has done all it can do to raise growth and inflation, and that fiscal policy needs to step in and help.” The BoJ already “owns more than half of the ETF shares in the whole country” and is estimated to soon “be the biggest shareholder in 55 of the 225 companies in the Nikkei index.” Other central banks will follow Japan’s retreat. “The era of bold monetary policy experimentation that began with the global financial crisis is now drawing to a close.”

 

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