Washington Post (September 13)
The White House may not immediately “move to block Nippon Steel’s bid to acquire U.S. Steel amid mounting concerns over the political and economic consequences of nixing the deal.” In recent weeks, “investors, Pennsylvania Democrats and some members of the steelworkers’ union warned that the deal’s collapse could spark an economic calamity for Pennsylvania’s beleaguered steel belt.” Optimism again appears to be growing that the deal might go through with shares of U.S. Steel rising “by more than 12 percent over the past two days of trading.”
Tags: Block, Calamity, Concerns, Consequences, Economic, Investors, Nippon Steel, Nixing, Optimism, Pennsylvania, Political, Shares, Steelworkers’ union, U.S. Steel, White House
The Economist (August 31)
“The sense of inevitability about no-deal, cultivated by the hardliners advising Mr Johnson, is bogus. The EU is against such an outcome; most Britons oppose it; Parliament has already voted against the idea. Those MPs determined to stop no-deal have been divided and unfocused. When they return to work next week after their uneasy summer recess, they will have a fleeting chance to avert this unwanted national calamity. Mr Johnson’s actions this week have made clear why they must seize it.”
Tags: Bogus, Calamity, EU, Hardliners, Inevitability, Johnson, MPs, No-deal, Parliament, UK
Financial Times (July 6)
“In Greece the No vote will widen political fissures in a society knocked senseless by an economic slump. Greeks who voted Yes will treat the outcome as a calamity comparable to the 1922 military defeat at Turkish hands that resulted in the annihilation of Greek civilisation in Asia Minor. Greeks who voted No will rapidly learn that there is no salvation, only misery, ahead.”
