Forbes (March 15)
“As the Bank of Japan mulls its biggest policy pivot in roughly 25 years, no major economy may benefit more than China,” helping to counter the headwinds zooming China’s way.” Hoping to supplant the dollar as the global currency, China is hesitant to devalue its own currency. Yet, “for China, falling prices will just further undermine business and household confidence. It’s here where a rising yen could counter the headwinds zooming China’s way. And make China the real winner as the BOJ calls it quits on QE next week.”
Tags: BOJ, Business, China, Confidence, Devalue, Dollar, Falling, Global currency, Headwinds, Household, Major economy, Policy pivot, Prices, Rising yen, Undermine
San Francisco Chronical (May 27)
“State Farm, California’s largest property and casualty insurer as of 2021, stopped issuing home, business and casualty insurance policies in the state Saturday, citing wildfire risks and rising construction costs…. The state has suffered increasingly massive and destructive wildfires in recent years, leading to scarcer and more expensive insurance policies in wildfire-prone zones.”
Tags: Business, California, Casualty, Construction costs, Destructive, Home, Insurer, Massive, Policies, Property, Rising, Risks, State Farm, Wildfires
Bloomberg (February 22)
“Unloved during the pandemic with their business paralyzed almost overnight, airlines that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.” Surging demand amid a tight labor market may be grating for travelers, but “for investors, it means some of the airlines they own are generating more than twice as much revenue per worker than they were two years ago.”
Tags: Airlines, Business, Crisis, Investors, Pandemic, Paralyzed, Profit forecasts, Revenue per worker, Surging demand, Survive, Tight labor, Unloved
Wall Street Journal (January 15)
“Despite signs that inflation has started to recede, economists still expect higher interest rates to push the U.S. economy into a recession in the coming year…. On average, business and academic economists polled by the Journal put the probability of a recession in the next 12 months at 61%, little changed from 63% in October’s survey.”
Tags: Academic, Business, Economists, Economy, Inflation, Interest rates, Recede, Recession, Survey, U.S.
Institutional Investor (September 9)
“The pandemic has made Europe’s top executives smarter… and humbler. From supply-chain issues to unforeseen social and cultural hurdles, business leaders in Europe and around the world have learned hard and valuable lessons over the last two years.”
Tags: Business, Cultural, Europe, Humbler, Hurdles, Leaders, Pandemic, Smarter, Social, Supply chain, Unforeseen
Wall Street Journal (December 17)
“Who wins from Brexit? New York.” No matter how “current negotiations between the U.K. and EU end, U.S. swap exchanges stand to gain European business.”
Tags: Brexit, Business, EU, Gain, Negotiations, New York, Swap exchanges, U.K., U.S., Wins
New York Times (December 12)
“If there is one singular issue that defines the intersection of business and policy at this moment, it is a deepening trust deficit…. Businesspeople and policy leaders are scrambling for new ways to engender trust with constituents, including shareholders, employees and regulators. Some are trying to be more transparent. Others are diving into political and social issues that used to be verboten. Perhaps more than anything, they’re speaking publicly more about their thinking.”
Tags: Business, Businesspeople, Constituents, Employees, Intersection, Leaders, Policy, Regulators, Shareholders, Singular, Trust, Trust deficit
Fortune (August 19)
“Given the immense power large companies exercise in society, the new social consciousness of business surely should be seen as a step in the right direction. At a time when the nation’s political leadership is tied in knots…business leadership is filling the leadership vacuum.” The Business Roundtable, which always prioritized shareholders, “has redefined its mission” to include all stakeholders. In fact, shareholders aren’t even mentioned until word 250 of the 300-word Statement on the Purpose of a Corporation.
Tags: Business, Business Roundtable, Corporations, Leadership, Mission, Power, Shareholders, Social consciousness, Stakeholders
Financial Times (June 20)
“Which tribe of politicians can claim to be the party of business? Back in the tax-cutting, deregulating, privatizing days of Ronald Reagan and Margaret Thatcher, the question was simple to answer on each side of the Atlantic. But Donald Trump and Brexit have a way of scrambling well-worn assumptions.” Neither the Republican Party or, across the pond, the Conservative Party remain the clear home of business.
Tags: Assumptions, Atlantic, Brexit, Business, Conservative, Deregulating, Politicians, Privatizing, Reagan, Republicans, Tax-cutting, Thatcher, Trump
The Irish Times (June 13)
“Next door in Britain there’s a fevered contest under way for leadership of the Tory Party and thus Britain. The right-wing Tory Party once presented itself as the pragmatic party of business. Now it’s a radical separatist sect populated by clownish demagogues.” The three leading contenders are “the opium user [Rory Stewart], the buffoon [Boris Johnson]and the swivel-eyed loon [Dominic Raab].”
Tags: Buffoon, Business, Contest, Cownish, Demagogues, Johnson, Leadership, Loon. Raab, Opium, Pragmatic, Radical, Separatist, Stewart, Tory Party, UK