Financial Times (January 10)
“BlackRock has become the latest financial firm to bail out of a big climate change industry group in the wake of Donald Trump’s election as US president and heightened regulatory scrutiny. The world’s largest money manager told institutional clients in a letter on Thursday that it had quit Net Zero Asset Managers,” which seeks “the goal of net zero greenhouse gas emissions by 2050 or sooner.”
Tags: 2050, BlackRock, Climate change, Election, Financial firm, GHG emissions, Money manager, Net Zero Asset Managers, Regulatory scrutiny, Trump, U.S.
New York Times (November 2)
“You already know Donald Trump. He is unfit to lead. Watch him. Listen to those who know him best. He tried to subvert an election and remains a threat to democracy…. Mr. Trump’s corruption and lawlessness go beyond elections: It’s his whole ethos. He lies without limit…. He will wreak havoc on the poor, the middle class and employers. Another Trump term will damage the climate, shatter alliances and strengthen autocrats. Americans should demand better. Vote.”
Tags: Alliances, Autocrats, Climate, Corruption, Election, Employers, Havoc, Lawlessness, Lies, Middle class, Poor, Threat to democracy, Trump, Unfit, Vote
New York Times (October 31)
“As investors, economists and world leaders weigh the prospects of Donald Trump winning the election, one of their biggest questions is how he would potentially upend global trade.” It’s not just the threat of tariffs, but also measures like what the candidate refers to as the “Trump reciprocal trade act” through which he hopes to punish the European Union for “supposedly not buying enough American-made goods.”
Tags: Candidate, Economists, Election, Global trade, Investors, Prospects, Punish, Tariffs, Threat, Trump, Upend, World leaders
Financial Times (October 22)
The International Monetary Fund (IMF) has warned that “greater global protectionism will endanger the world’s growth outlook… as a possible Donald Trump victory in next month’s US election raises the prospect of sharp tariff increases.” The IMF’s World Economic Outlook warns that “if higher tariffs hit a ‘sizeable swath’ of world trade by mid-2025, it would wipe 0.8 per cent from economic output next year and 1.3 per cent in 2026.” If, however, widespread tit-for-tat measures ensue, the results could be considerably more destructive.
Tags: 2025, Economic output, Election, Endanger, Global protectionism, Growth outlook, IMF, Tariffs, Tit-for-tat, Trump, U.S., Victory, Warned, World trade
Bloomberg (October 21)
“The global economy is heading toward year end with unexpected tailwinds as slowing inflation clears a path for an unlikely soft landing. But while the economics side of the equation is looking up, political hurdles lie ahead.” The biggest hurdle may be the U.S. election. “The resilience of the world’s major economies is about to be tested” if Trump is elected and institutes his tariff program.
Tags: Economics, Election, Global economy, Inflation, Major economies, Political hurdles, Resilience, Soft landing, Tailwinds, Trump, U.S., Unexpected
Reuters (September 13)
“U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election,” according to the University of Michigan. Preliminary readings show “consumer sentiment came in at 69.0 this month, compared to a final reading of 67.9 in August” while expectations for one-year inflation “fell for the fourth straight month to 2.7%,” marking “the lowest reading since December 2020.”
Tags: Cautious, Consumer sentiment, Election, Expectations, Inflation, September, Subsiding, U.S., University of Michigan
Reuters (July 12)
“For Wall Street, the coming White House race, which currently pits Biden against former President Donald Trump, offers a singularly unappetizing menu. November’s election will present voters with a choice between two possible administrations, neither of which looks much like the moderate, business-friendly centrism under which the financial sector tends to thrive. It’s an unenviable choice.”
Tags: Biden, Business-friendly, Centrism, Election, Financial sector, Moderate, Thrive, Trump, Unappetizing, Voters, Wall Street, White House
New Yorker (June 10)
Now that a New York jury has convicted former President Trump of thirty-four felony counts, “the American people will decide to what extent they care.” But the verdict is hardly the only key to understanding the impact of a second Trump term. “Even the most summary assessment of Trump’s rhetoric, actions, and intentions makes clear that the election in November is a matter of emergency. To return an unstable and malevolent authoritarian to the White House risks wounding American democracy in ways that would likely take decades to repair.”
Tags: Actions, Authoritarian, Convicted, Election, Emergency, Felony counts, Intentions, Jury, Malevolent, New York, President, Rhetoric, Trump, U.S., Verdict, White House
Financial Times (June 5)
“India’s benchmark Nifty 50 rose 2.3 per cent following a sharp sell-off on Tuesday after a shock election result.” Meanwhile “Japan’s Topix index led losses as it dropped 1.4 per cent, driven lower by a decline in the financial and energy sectors. The yen was the region’s worst-performing currency as it fell 0.6 per cent against the dollar to ¥155.75.”
Tags: Benchmark, Currency, Decline, Election, Energy, Financial, India, Japan, Nifty 50, Sell-off, Shock, Topix, Worst-performing, Yen
Washington Post (April 14)
Farmers in Europe are revolting. They are hopping “mad about high costs and low prices, about the prospect of free trade deals, about the constraints of climate regulations, about what they say is a failure of political elites to understand what it means to grow wheat or raise sheep.” In addition to “reshaping European policy,” their revolt “may foretell a sharp right shift,” including the major U.S. election.
Tags: Climate regulations, Constraints, Election, Europe, Farmers, Free trade deals, High costs, Low prices, Political elites, Revolting, Sheep, U.S., Wheat