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Reuters (December 16)

2022/ 12/ 18 by jd in Global News

“The euro zone will soon have to pay for a decade of European Central Bank largesse. Rising interest rates are turning the ECB’s portfolio of bonds acquired since 2014 into a money-losing machine. The question of how those losses are shared could become a major source of tension between member states.”

 

Chicago Tribune (January 30)

2019/ 02/ 01 by jd in Global News

“This is at least the third polar vortex intrusion Chicago has endured in the past five years, as the cold air mass engulfed the area in January 2014 and February 2015. As temperatures in the Arctic continue to rise, polar vortex intrusions could become more common in the Midwest and the Northeast.”

 

New York Times (January 12)

2015/ 01/ 13 by jd in Global News

“Hands down, 2014 was the best year for the labor market since the Great Recession hit in late 2007.” Nevertheless, the “recent progress does not so much point a way forward as highlight weaknesses that need to be corrected and risks that need to be avoided in order not to backslide.” Job growth has yet to catch up with population growth, and continues to be concentrated in the lowest paying areas.

 

Financial Times (December 30)

2014/ 12/ 31 by jd in Global News

During 2014, populists “enjoyed one of their most encouraging years since the second world war. Insurgent anti-establishment movements recorded electoral triumphs and opinion poll gains everywhere from France and Greece to Spain, Sweden and the UK.” Despite this resurgence, the populist movements are often at cross-purposes, differing widely in what they support.

 

Wall Street Journal (February 4, 2014)

2014/ 02/ 04 by jd in Global News

The Nikkei’s fall puts added pressure on Shinzo Abe’s efforts to revive Japan. The correction may prove temporary, but it is surely a sign of underlying weakness in Abenomics, which should be fortified. “Policy makers shouldn’t govern by the wishes of stock markets, but in this case Mr. Abe could take a hint. If 2013 was the year when he hyped Japan’s economic prospects, 2014 will need to be the year when he starts doing something about it.”

 

Time (January 10, 2014)

2014/ 01/ 11 by jd in Global News

“Only a short time ago, the world’s emerging markets, especially the BRICs – Brazil, Russia, India and China – were supposed to be the saviors of the global economy…. Now, however, with the opening of 2014, many emerging markets look like they’re the ones that need saving.”

 

Financial Times (December 31, 2014)

2014/ 01/ 01 by jd in Global News

“Japan is no longer a backwater for investors…. The authorities are saying the right things and doing most of them.” Japan outperformed in 2013 and despite concerns over the consumption tax increase in 2014, Japan’s prospects remain robust. “With a wide range of one-off stimulus measures in force to counter a shock that may not come, we think growth could surprise significantly to the upside.”

 

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