The Week (November 11)
“For decades The Antarctic Treaty was ‘widely regarded as a model of effective global co-operation.’” The model, which froze territorial claims, now appears to be collapsing “as China, Russia, and other emerging nations threaten a new scramble for control of the resource-rich continent.”
Tags: Antarctic Treaty, China, Collapsing, Control, Effective, Emerging nations, Global co-operation, Resource-rich continent, Russia, Territorial claims, Threaten
Minnesota Star Tribune (November 9)
Clawcades are “the new Japanese-style arcade sweeping the Twin Cities. At least four claw (or crane) machine-only businesses have opened in the past year, drawing kids and adults alike in search of entertainment and Japanese prizes, like Hello Kitty or Pokémon plushies.”
Tags: Adults, Arcade, Claw, Clawcades, Crane, Entertainment, Hello Kitty, Japanese-style, Kids, Machine, Pokémon plushies, Prizes, Twin Cities
Bloomberg (November 8)
“Trump’s return Is an abominable ambush for the Fed. Coming down the mountain of high interest rates was always the most dangerous part. For Jerome Powell, it now looks even harder.”
Tags: Abominable, Ambush, Dangerous, Fed, Harder, High interest rates, Powell, Return, Trump
Reuters (November 8)
“The unique exposure of Ireland’s low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency.” The president-elect has promised “to incentivise industries to bring production back to the United States, and to slash the corporate tax rate to Irish levels.” This could “prove existential for Ireland’s decades-old model of attracting jobs and tax dollars from U.S. multinationals.”
Tags: Business model, Corporate tax rate, Existential, Exposure, Ireland, Jobs, Low-tax, Production, Public finances, Risk, Slash, Trump, U.S., Unique
South China Morning Post (November 7)
“China’s export growth hit a 27-month high in October, as exporters rushed to front-load orders in anticipation of potential heavy tariffs to be imposed by president-elect Donald Trump after his return to the White House…. Exports rose by 12.7 per cent year on year to US$309 billion in October, according to customs data released on Thursday.”
Tags: Anticipation, China, Customs data, Export growth, Exporters, Exports, Front-load orders, Heavy tariffs, October, Trump, White House
The Economist (November 6)
“The return of Trumponomics excites markets but frightens the world. It may bring stronger growth, higher inflation and a global trade war.”
Tags: Excites, Frightens, Global trade war, Growth, Inflation, Markets, Return, Trumponomics, World
Le Monde (November 6)
Trump’s second term marks “the end of an American world” and, for Europe, will prove “even more perilous” than his first term. “There is a real risk that Europe will be divided or even fractured…. This threat is existential for the European Union, and its leaders need to be aware of it and prepared to confront it, without waiting for Trump to take office.”
Tags: American world, Divided, EU, Europe, Existential, Fractured, Leaders, Perilous, Prepared, Risk, Second term, Threat, Trump
Washington Post (November 3)
“Donald Trump’s retro economic plan could be a disaster.” Tariff-reliant “Trumpian protectionism can’t create a world-class manufacturing economy.” Tariffs may be useful in narrow cases like “protecting certain strategic industries, such as defense. Indiscriminate, across-the-board tariffs, however, are a recipe for a less efficient, dynamic, economy and, ultimately, a poorer, less equitable society.”
Tags: Defense, Disaster, Economic plan, Efficient, Equitable, Manufacturing economy, Poorer, Protecting, Protectionism, Retro, Society, Strategic industries, Tariff, Trump, World-class
New York Times (November 2)
“You already know Donald Trump. He is unfit to lead. Watch him. Listen to those who know him best. He tried to subvert an election and remains a threat to democracy…. Mr. Trump’s corruption and lawlessness go beyond elections: It’s his whole ethos. He lies without limit…. He will wreak havoc on the poor, the middle class and employers. Another Trump term will damage the climate, shatter alliances and strengthen autocrats. Americans should demand better. Vote.”
Tags: Alliances, Autocrats, Climate, Corruption, Election, Employers, Havoc, Lawlessness, Lies, Middle class, Poor, Threat to democracy, Trump, Unfit, Vote
Reuters (November 1)
“The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts” according to a recent Reuters poll.”
Tags: Coming months, Cuts, Dollar, Economic data, Fed, Interest rate, Poll, Recent strength, Reuters, Robust, Scaling back, U.S.
