Reuters (March 30)
“The biggest challenge for the National Security Council isn’t North Korea or Russia. It’s Trump.”
Tags: Challenge, National Security Council, North Korea, Russia, Trump, U.S.
The Guardian (March 29)
“There’s no going back–May has burned the boats of a divided nation.” But the move is backward looking, despite the Prime Minister’s protestations that the move will enable “a stronger, fairer, better Britain–a Britain our children and grandchildren are proud to call home.” In fact, only 12% of young people aged 18-24 support Brexit while 65% think leaving the EU is wrong. “At the other end of the age spectrum, the over-65s say the opposite, with 62% saying it was right to leave and 31% saying it was wrong.”
Financial Times (March 28)
“Helped by generous subsidies from Beijing, Chinese industrial fishing fleets are travelling further and further from their depleted home waters to find fish and squid, leading to growing tension with even friendly countries such as Argentina.”
Wall Street Journal (March 27)
“Well, that was fast, if predictable. We’re referring to the conventional wisdom that has moved without a moment of self-reflection from declaring Donald Trump to be a dangerous fascist to a hopeless incompetent.”
Tags: Conventional wisdom, Dangerous, Fascist, Hopeless, Incompetent, Predictable, Self-reflection, Trump, U.S.
Newsweek (March 27)
“By almost any measure, last week was a disastrous week for President Donald Trump. Truth seemed to be catching up with the president, but he hasn’t fessed up. Trump’s “disconnection from the truth continues apace…. At this point it’s still a race to see how long the public and dogged reporters will have the energy to keep up at this pace.”
Tags: Disastrous, Disconnection, Energy, Pace, Reporters, Trump, Truth
Euromoney (March 24)
“The UK economy seems at last to be suffering from the erosion of purchasing power by sterling-induced inflation. All of this smacks of stagflation, a constitutional crisis and rising political risk. UK gilts will suffer.”
Tags: Constitutional crisis, Economy, Erosion, Gilts, Inflation, Political risk, Purchasing power, Stagflation, Sterling, Suffering, U.K.
New York Times (March 23)
President Trump is playing a “reckless shame game” with law enforcement agencies. The result of his action is that “everybody is afraid. And everybody is less safe.”
Tags: Afraid, Law enforcement, Reckless, Safe, Shame game, Trump
Reuters (March 22)
“The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.” Investors are less optimistic “that U.S. President Donald Trump will swiftly enact his agenda, with a Thursday vote on a healthcare bill a litmus test which could give stock investors another reason to sell.”
Tags: Congress, Economic growth, Healthcare, Investors, Tax cuts, Trump Tantrum, U.S., Wall Street, Worries
Bloomberg (March 21)
The so-called skyscraper curse has claimed another victim. “After almost seven years of planning and 4 trillion won ($3.6 billion) in spending, the conglomerate is preparing to unwrap its Lotte World Tower to the public.” Like other skyscrapers planned in the best of times, this unveiling is taking place amid challenging times as South Korea “is being pummeled by concurrent political and economic crises.” Morevoer, “the debut couldn’t come at a worse time for Lotte…. The empire’s 94-year-old founder and three of his children face corruption charges, and its stores are at the epicenter of Chinese consumer retaliation for a U.S. missile-defense system being installed on land it provided.” Making things even worse, an elevator glitch has delayed the grand opening by two weeks.
Tags: China, Corruption, Crises, Delay, Elevator, Founder, Lotte World Tower, Missile defense, Planning, Retaliation, Skyscraper curse, South Korea, U.S., Victim
US News & World Report (March 20)
Though large gaps exist between urban and rural populations, common perceptions, like “urban poverty,” are often rooted in misconception. In the U.S., poverty is actually “higher in rural areas…. In fact, levels of rural poverty were often double those in urban areas throughout the 1950s and 1960s.” In 2015, the gap had narrowed, but the poverty rate still stood at 16.7% of the rural population and 13.0% of the urban population.
