4/30 Issue
Donald Sterling, owner of the LA Clippers, managed to offend just about everybody with his abhorrent racist remarks. The Wall Street Journal cheered the response, especially that of NBA Commissioner Adam Silver who meted out a severe sentence, banning Sterling for life from the NBA.
A developing diabetes epidemic in India and China requires a new response, according to the New York Times. Solutions that work in affluent communities with a strong medical infrastructure just don’t suit the realities of many people at risk of falling prey to this disease. Unless there are new approaches, the number of diabetics is expected to skyrocket to 100 million in India and more than 140 million in China within 2 decades.
Across the globe, firm responses are essential to accommodate an aging population and escape secular stagnation. The Economist notes that within two decades the population aged 65 or older will double. Skilled workers have already begun extending their professional lives, but less skilled workers need to be convinced to continue working.
A new response may also be in order given that so many large banks are offloading their commodities businesses to strengthen their balance sheets. According to Institutional Investor, the smaller trading companies snapping up many of these commodities operations will have potential conflicts of interest and may lack the deep pockets to provide market liquidity.
The Washington Post asserts NASA should take a more practical approach to achieve its mission. Embracing unmanned exploration could accomplish more with less.
The Wall Street Journal reports that in the U.S. a newly introduced economic measure called gross output could provide more insight than the widely known GDP. By including intermediary value, gross output should provide a more comprehensive and accurate measure of the economy.
And, lastly, NBC News points out that Chinese tourist have become the new super shoppers, reporting that they account for 60% of sales on Rodeo Drive.
****
Links are provided to the original source so you can get further detail, but please note these are frequently updated and links that were valid at publication may later be broken. To see the media’s takes on these and other developments from around the globe, you can browse Global News highlights below and also at http://www.irken.jp/gn/.
