New York Times (October 26)
Under Donald Trump, a “casino… now passes for the American economy.” Distinguished by froth, Trump’s “casino economy” is “built on speculation and risk. Across markets and policy, wagers on the future are being made with other people’s money at a cost that could prove catastrophic.” While it’s true that “economies run on risk, growth and ambition…. There’s risk, and then there’s reckless gambling.”
Tags: Ambition, Casino, Casino economy, Catastrophic, Cost, Froth, Future, Gambling, Growth, Money, Reckless, Risk, Speculation, Trump, U.S.
The Economist (September 30)
“Who leads Europe? At the start of this year, the answer was obvious. Angela Merkel…. This week, it all looks very different.” Post election, Germany’s leader stands greatly reduced. In contrast, “France’s President Emmanuel Macron is bursting with ambition.” Whether he will be able to “restore France to centre-stage in the EU after a decade in the chorus depends not just on his plans for Europe, but also on his success at home, reforming a country long seen as unreformable.”
