Time (December 18)
Online shopping may save individual shoppers from going out in the traffic, but overall it’s compounding traffic woes. “Our city streets and parking resources are being swamped by this new retail reality. Cities simply are not designed to handle the daily tidal wave of deliveries produced by our have-it-now online economy.”
Tags: Deliveries, Online economy, Online shopping, Parking, Reality, Retail, Streets, Swamped, Traffic
Reuters (December 18)
“British business has issued a stark warning to MPs that they risk plunging an ill-prepared economy into chaos unless they stop playing politics at Westminster…. As ministers agreed to a dramatic escalation of preparations for a no-deal Brexit, including putting 3,500 armed forces personnel on standby, the leaders of the UK’s five leading employers’ groups said the country was nowhere near ready.”
Washington Post (December 17)
It’s not clear “the country has fully comprehended the damage being done by a president who misbehaves so frequently…. Globally, the United States has lost its power, its aura of seriousness and decisiveness that once made autocrats hesitate before crossing us. Now we are a country that can’t seem to stand up to a ruler who orders the murder and dismemberment of a dissident who was a legal U.S. resident or call out Russia’s intrusion into America’s democratic process…. A child occupies the White House, and the world knows it.”
Tags: Aura, Child, Damage, Decisiveness Dismemberment, Misbehaves, Power, President, Russia, Seriousness, U.S.
FX Street (December 17)
“USD/JPY, which fell particularly hard today should test 112.40 pre-FOMC but a move below that level may not happen until after the rate decision…. The economy is not doing as poorly as what is reflected by stocks and rate hike expectations…. Barring significant dovishness, any pullback in USD/JPY could be short-lived. Other currency pairs like EUR/USD and GBP/USD are a different story.”
Tags: Dovishness, Economy, Expectations, FOMC, Pullback, Rate hike, Stocks, USD/JPY
Wall Street Journal (December 16)
“Not everybody at Nissan was happy with their rock-star chairman, Carlos Ghosn. His high-living ways gave the company ammunition to take him down.”
Tags: Ammunition, Chairman, Ghosn. High-living, Happy, Nissan, Rock-star
New York Times (December 14)
“The distress of 50 million Americans should concern everyone. Powerful economic forces are arrayed against rural America and, so far, efforts to turn it around have failed. Not every small town can be a tech hub, nor should it be. But that can’t be the only answer.”
Tags: Concern, Distress, Economic forces, Efforts, Failed, Powerful, Rural America, Small town, Tech hub
Institutional Investor (December 14)
“Institutional investors have long been skeptical that impact funds can deliver the returns they need to meet their investment objectives.’ But Impact Capital Investors a consortium of multiple investment firms is attempting to make the case with convincing evidence that investors “don’t have to trade high returns for so-called impact investing, or investing with social, environmental, and other objectives.”
Tags: ESG, Evidence, Impact funds, Investors, Objectives, Returns, Skeptical
Inc. (December 13)
Age discrimination may be “more prevalent in Silicon Valley than either gender or race discrimination,” at least in the eyes of the average founder, who is largely white and male. “A new survey from First Round Capital shows that “two-thirds of male founders think their companies are inclusive environments for parents, but just one-third of female founders agree.”
Tags: Age, Discrimination` Silicon Valley, Female, First Round Capital, Founder, Gender, Inclusive, Male, Race, White
Reuters (December 11)
“With less than four months left until the United Kingdom is due to leave the EU on March 29, May’s premiership and her deal to stave off a disorderly departure or a bid to stop Brexit are hanging by a thread. If she is toppled — and it is far from certain that she would lose a vote among all the party’s members of parliament — — could further complicate Brexit.”
Tags: Brexit, Complicate, Deal, Departure, Disorderly, EU, May, Parliament, Toppled, UK, Vote
NBC News (December 11)
“First, President Donald Trump failed in his pledge to ‘hire the best people’ in the White House; now, he’s having trouble hiring any people. These phenomena are not unrelated.” Trump’s first pick for Chief of Staff turned him down. This should be no surprise as it’s an unenviable job: “Trump has the impulse control of a hungry, intoxicated bear and bridles at attempts to keep him disciplined or to bring order to his administration.”
Tags: Administration, Bridles, Chief of Staff, Discipline, Failed, Hiring, Hungry, Impulse control, Intoxicated, Trump
