Market Watch (May 22)
“Sweden’s policy of keeping schools, restaurants and businesses open while practising social distancing to prevent the coronavirus pandemic from spreading was seen as bold, but now it has now it has the highest deaths per capita in Europe from COVID-19.”
Tags: Businesses, Coronavirus, COVID-19, Deaths, Europe, Pandemic, Prevent, Restaurants, Schools, Social distancing, Sweden
New York Times (April 10)
“The scale of the economic damage is breathtaking. In one recent poll, more than half of all Americans under the age of 45 said that they had lost their jobs or suffered a loss of hours.” It is equally harrowing for businesses. Those that survive will “face long-term costs, too: the loss of trained and experienced workers, the uncertainties of hiring new ones.”
Tags: Breathtaking, Businesses, Costs, Economic damage, Experienced workers, Hiring, Jobs, Loss, Scale, Trained, Uncertainties
Chicago Tribune (October 4)
“The jobs figures carry more weight than usual because worries about the health of the U.S. economy are mounting. Manufacturers have essentially fallen into recession as U.S. businesses have cut spending on industrial machinery, computers and other factory goods. And overseas demand for U.S. exports has fallen sharply as President Donald Trump’s trade conflicts with China and Europe have triggered retaliatory tariffs.”
Tags: Businesses, China, Computers, Conflicts, Economy, Europe, Exports, Factory goods, Industrial machinery, Jobs, Manufacturers, Overseas demand, Recession, Retaliatory tariffs, Spending, Trump, U.S.
The Economist (March 9)
Interest in Africa is booming. “Outsiders have noticed that the continent is important and becoming more so, not least because of its growing share of the global population (by 2025 the UN predicts that there will be more Africans than Chinese people). Governments and businesses from all around the world are rushing to strengthen diplomatic, strategic and commercial ties. This creates vast opportunities. If Africa handles the new scramble wisely, the main winners will be Africans themselves.”
Tags: Africa, Booming, Businesses, China, Diplomatic, Governments, Population, Strategic, UN
BBC (August 23)
Brexit is “akin to attempting to remove an egg from an omelette” and if there’s not a deal, it’s likely to become an even bigger mess. “Today’s “no deal” papers reveal the complicated exercise could carry significant costs for consumers and businesses if Britain and the EU fail to agree on a transition period and a subsequent trading agreement.” Failure to reach a deal would “very likely to have a negative impact on the economy and could mean higher prices in the shops as firms pass on the higher costs of doing business.”
Tags: Brexit, Businesses, Complicated, Consumers, Costs, Economy, EU, Failure, No-deal, Prices, Transition, UK
Wall Street Journal (August 23)
“The Fed has been able to slowly and predictably raise interest rates this year because the economy has performed largely in line with its expectations, but Wednesday’s minutes show how trade uncertainties loom large for U.S. businesses and Fed officials.”
Tags: Businesses, Economy, Expectations, Fed, Interest rates, Trade uncertainties, U.S.
Washington Post (June 8)
“Trump is waging a trade war in the dumbest way possible.” In the best of times, “trade wars are neither good nor easy to win…. Every side loses, experiencing lost jobs, crippled businesses and higher prices for consumers.” Trumps tariffs are now estimated to result in 16 lost U.S. jobs for every job gained in the aluminum/steel industry: a painful, self-inflicted wound. Moreover, the counterpunches of our trading partners “are likely to draw more blood.” With the “already announced $40 billion worth of retaliatory tariffs on U.S.-made products,” Canada, the EU, Mexico, Russia, India, Japan and Turkey have “fine-tuned the art of minimizing their own pain — and maximizing ours.”
Tags: Aluminum. Steel, Businesses, Canada, Consumers, Counterpunches, Dumbest, EU, India, Japan, Lost jobs, Mexico, Prices, Russia, Tariffs, Trade war, Trading partners, Trump, Turkey, U.S.
Time (March 22)
“Farmers, electronics retailers and other U.S. businesses are bracing for a backlash as President Donald Trump targets China for stealing American technology or pressuring U.S. companies to hand it over.”0
Tags: Backlash, Businesses, China, Electronics retailers, Farmers, Technology, Trump, U.S.
Chicago Tribune (April 24)
President Trump is now talking about “a ‘massive tax cut’ for businesses and individuals.” He even said it would likely be “bigger” than “any tax cut ever.” Simplistic boasts may be exciting, but they are dangerous. “Here’s the thing: Trump, who used the word ‘massive’ 12 times in that AP interview, forgot to mention a huuuuge caveat about tax reform efforts: They are devilishly difficult to pull off. Cutting taxes without adding trillions to the federal debt is especially hard to do.”
Tags: Boasts, Businesses, Dangerous, Debt, Huuuuge, Individuals, Massive, Tax cut, Trump
The Economist (October 24)
The approach insurgent companies are taking will survive long after some of them have failed. They are providing a striking addition to the capitalist toolbox. Airbnb and Uber and the rest…. are pioneering a new sort of company that can do a better job of turning dreams into businesses.”
Tags: Airbnb, Approach, Businesses, Capitalist, Dreams, Insurgent companies, Pioneering, Uber
