Reuters (March 14)
“Boeing’s belatedly grounded jets” serve as “an apt symbol of the erosion of U.S. soft power. After saying there was no problem in the wake of two crashes,” the FAA followed the lead of other governments and banned the 737 MAX.” These days, “even allies are increasingly skeptical of Washington’s leadership.” It is challenging to measure “the influence a country wields though its cultural, technological and economic strength,” but the U.S. fell “to fourth in the Soft Power 30 ranking last summer, from top of the list just two years earlier.”
Tags: 737 MAX, Allies, Belated, Boeing, Crashes, FAA, Grounded, Influence, Leadership, Skeptical, Soft power, U.S.
Institutional Investor (October Issue)
We are living in “disparate times.” Income inequality hit a record in 2012, with the top 10% accounting for 50.4% of total earnings. Much as hypertension can lead to a coronary event, “inequality my leave markets prone to crashes.”
