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September 2019
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The Economist (September 28)

2019/ 09/ 30 by jd in Global News

“This was the worst week in Mr Johnson’s extraordinarily bad two months in office. The unelected prime minister has lost every vote he has faced, squandered his majority and fired a score of MPs from his Conservative Party. Following the court’s ruling, he was dragged back from a UN summit in New York to face the music in Westminster, where MPs now have ample time to grill him”


New York Times (September 27)

2019/ 09/ 29 by jd in Global News

“The only solace in the current American standoff with Iran is that President Trump seems not to want to risk a war. That is of some comfort in a crisis that has left the United States looking weak and untrustworthy. But the crisis could still descend into armed conflict, and that is largely attributable to Mr. Trump’s poorly considered strategy.”


Washington Post (September 27)

2019/ 09/ 28 by jd in Global News

“In the case of Ukraine, the president is accused of using the awesome power of the United States…to serve his personal political gain. Sadly, this is part of a pattern of violations of democratic norms.” While “Trump is a particularly egregious example” he fits a “global trend” of misbehavior that extends to British Prime Minister Boris Johnson, Indian Prime Minister Narendra Modi, Philippine President Rodrigo Duterte, Turkey’s Recep Tayyip Erdogan and Hungary’s Viktor Orban.


Chicago Tribune (September 26)

2019/ 09/ 27 by jd in Global News

“The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality.” Demographics is one of the drivers. “On one side, at the peak of their earnings, are baby boomers who are nearing retirement, if they haven’t already retired. On the other side are millennials and Gen Zers, who are in the early stages of their work life and have lower salaries.”


The Guardian (September 24)

2019/ 09/ 26 by jd in Global News

“The supreme court has delivered a comprehensive demolition of Boris Johnson’s government and its handling of Brexit. The unanimous judgment of the 11 justices…amounts to a root and branch rejection of the prime minister’s attempts to rule without parliament, to take Britain out of the European Union by 31 October without a deal, and to contrive a premature general election…. The immediate effect of the judgment is devastating for Johnson. It is expressed so cogently and unambiguously that it will be difficult for him to wriggle out of it – even though he is certainly foolish enough to try.”


LA Times (September 23)

2019/ 09/ 25 by jd in Global News

“Impeachments are among the fastest ways to traumatize a divided nation. That’s why this page has been reluctant to endorse calls for the House of Representatives to launch a formal impeachment investigation into President Trump. But this week the president crossed a new line.” If the President “won’t come clean about Ukraine, an impeachment inquiry is the only option.”


Irish Times (September 23)

2019/ 09/ 24 by jd in Global News

“Brexit may be a price worth paying for the cohesion of British society. The economic arguments of the past three years have done nothing to sway people whose vote was about culture, identity and fairness.” The only way to overturn the first referendum is a second referendum, “but if the narrow lead were reversed, we would simply have prolonged the uncertainty to arrive somewhere equally unstable.”


The Economist (September 21)

2019/ 09/ 23 by jd in Global News

“We have found that, whether it is in Democratic politics or Russian dreams of opening an Arctic sea passage, climate now touches on everything we write about…. Because the processes that force climate change are built into the foundations of the world economy and of geopolitics, measures to check climate change have to be similarly wide-ranging and all-encompassing. To decarbonise an economy is not a simple subtraction; it requires a near-complete overhaul.”


Financial Times (September 20)

2019/ 09/ 22 by jd in Global News

“Shock and confusion” resulted when overnight repo rates soared to 10%. The Fed was able to calm markets, but the situation is a reminder. “The more that QE (and its partial reversal) reshapes global finance, the greater the risk that the cogs in the machine unexpectedly misfire. That is no reason to panic. But central bank pilots—like investors—are learning on the job. Better hope they stay completely alert.


New York Times (September 19)

2019/ 09/ 21 by jd in Global News

“Nearly one-third of the wild birds in the United States and Canada have vanished since 1970, a staggering loss that suggests the very fabric of North America’s ecosystem is unraveling.” As an indicator species, birds serve “as acutely sensitive barometers of environmental health, and their mass declines signal that the earth’s biological systems are in trouble. Unfortunately, this study is just the latest in a long line of such mounting evidence.”


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