Wall Street Journal (November 9)
“Donald J. Trump’s unlikely defeat of Hillary Clinton is a political earthquake of a kind that rarely disturbs American politics.” The President-Elect “will now need to pick smart advisers and show generosity in victory” as he “lacks political experience” and his “convictions on public policy are especially elusive.” He has “a chance to succeed if he follows through on his pledge to prioritize the economic growth that creates jobs and lifts incomes for all Americans.” He will need to “govern differently than he campaigned.” He will need to “discover a more optimistic and inclusive politics. Or so we can hope, if only for comity and the good of the country.”
Tags: Advisers, Clinton, Convictions, Earthquake, Experience, Generosity, Growth, Inclusive, Incomes, Jobs, Optimistic, Policy, Trump, U.S., Victory
Institutional Investor (November 8)
Are we approaching “the end of research as we know it?” The portion of fees that goes to research (equity or bonds) is a mystery, but the veil will soon be lifted. On January 3, 2018, the Markets in Financial Instruments Directive II will require “that asset managers break out the costs of research from their own management fees and pay for them separately.” The result will probably be “that less research is spewed.” This could bring “potentially wrenching consequences for the research industry and its core users among active asset managers.”
Financial Times (November 8)
Stung by the strong yen, over 100 TOPIX-listed manufacturers have issued profit warnings. Conventional cost cutting is no longer doing the trick. “After decades of building plants overseas and trying to make production leaner and more efficient to address the currency vulnerability, analysts say Japanese companies are facing a sobering reality: the urgency to sell underperforming businesses and join hands with rivals to survive brutal market conditions.”
Tags: Analysts, Cost cutting, Efficient, Japan, Leaner, Manufacturers, Overseas, Plants, Production, Profit warnings, Topix, Underperforming, Vulnerability, Yen
The Guardian (November 6)
“Everyone needs to calm down. The anger against the judges would be justified if they had declared the EU referendum invalid and banned Brexit. They did no such thing. They simply confirmed that parliament should have its proper place in the Brexit process. Of course it should.”
Tags: Anger, Brexit, EU referendum, Judges, Parliament, Process, UK
LA Times (November 6)
“Conservatives shouldn’t trust Trump with their votes, or the Constitution.” If elected, he would “be able to abuse his power with impunity — and, based on his own statements and his track record, he would feel little restraint in doing so.
Tags: Abuse, Conservatives, Constitution, Impunity, Power, Restraint, Track record, Trump, Votes
The Economist (November 5)
“It is rare for a court judgment to cause turmoil in the foreign-currency markets. Yet the pound soared on the morning of November 3rd after the High Court in London ruled that only Parliament has the authority to trigger Article 50 of the European Union treaty, the legal route for Britain to leave the EU.” The decision ignited market hopes “that Parliament might choose to block Brexit altogether or, perhaps more plausibly, that it will attach conditions,” increasing the likelihood of a “soft” Brexit.
Tags: Article 50, Brexit, Court, EU, Foreign currency, Judgment, Markets, Parliament, Pound
Washington Post (November 4)
In Nicaragua, there is “an even more depressing election than our own.” Daniel Ortega will on Sunday, “following gross manipulation of the constitution and electoral system… preside over his reelection as president, as well as the installation of his wife, Rosario Murillo, as vice president.” Struggling with failing health, his wife can serve as a placeholder to “ensure that the presidency remains in his family; his children are waiting in the wings.”
Tags: Constitution, Depressing, Election, Health, https://www.washingtonpost.com/opinions/global-opinions/an-even-more-depressing-election-than-our-own/2016/11/03/9c2b1f7e-a05d-11e6-8832-23a007c77bb4_story.html, Manipulation, Murillo, Nicaragua, Ortega, Reelection
Chicago Tribune (November 3)
“The most epic drought in sports history is over, and the Cubs are world champions. After 108 years of waiting, the Cubs won the 2016 World Series with a wild 8-7, 10-inning Game 7 victory over the Indians. The nearly five-hour roller-coaster game “was a perfect ending for a franchise that had waited forever for just one championship, and your stomach never will be the same. This is not a dream. The Cubs did it.”
Tags: Baseball, Champions, Chicago, Cleveland, Cubs, Drought, Epic, Indians, Roller coaster, World Series
Bloomberg (November 2)
“The last time the Philippine peso neared 50 to the dollar, the global financial system was melting down and the central bank raised interest rates to defend it. This time, it has been driven by the president cursing his trading partners.”
Tags: Central bank, Dollar, Interest rates, Melt down, Peso, Philippines, President, Trading partners
Newsweek (November 1)
“Elon Musk could likely have more influence on America’s future foreign policy than whoever ends up as president” if he delivers on his promise of an all-electric version of his Model S car that matches “the driving distance of a gas-powered sedan at a comparable $30,000 price tag by 2020.” If he can pulls this feat off, “the geopolitical effects will be greater than anything since World War II. Maybe even greater.”
Tags: All electric, Driving distance, Foreign policy, Gas, Geopolitical, Influence, Model, Musk, President, Price, U.S.
