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Financial Times (February 12)

2019/ 02/ 13 by jd in Global News

“One of the challenges faced by Tokyo as it prepares for the Olympics is living up to the last time it hosted the games, in 1964. The challenge is not practical (the games will in all likelihood run like clockwork) but thematic…. Today’s construction boom in central Tokyo… is being pitched as the renaissance of a city that has been straining for 30 years to pull off a second comeback.”

 

The Economist (November 3)

2018/ 11/ 05 by jd in Global News

It’s “sunrise in Tokyo… After three decades out of fashion, the country’s companies are ready for a revival.” At last, “Japan’s stock market is poised for a comeback.” Japan has had and still has its detractors, but “for the first time in years, Japanese companies are playing a tune that investors are able to whistle.”

 

The Economist (May 3)

2014/ 05/ 05 by jd in Global News

“After years in the doldrums, big mergers and acquisitions (M&A) are making a comeback. Optimists hope this is a sign of bosses daring to be bold because of improving economic prospects. Sceptics wonder if the managers are in fact doing deals to conceal a worrying lack of growth opportunities—or just cutting costs by merging with companies in kinder tax jurisdictions.”

 

Detroit Free Press (December 3, 2013)

2013/ 12/ 03 by jd in Global News

Detroit became the biggest municipality—in fact the biggest public entity of any type—to file for bankruptcy in the U.S. after a federal judge approved the city’s application. With estimated debts of $18 billion, the city is hardly functioning. It takes nearly an hour for police to respond to calls, versus about six times longer than the national average. For many, the bankruptcy filing marks the first painful step to a comeback. Detroit’s Emergency Manager Kevyn Orr hopes to achieve improvements in basic services and the removal of 78,000 blighted homes and structures within three years. “That may sound like elementary stuff to people who are used to living in less-dysfunctional cities. In Detroit after decades of distress, however, it’s what dreams are made of.”

 

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