Bloomberg (March 20)
Paul Clements-Hunt coined the acronym. ESG. He now thinks “the ESG fund industry is headed for a ‘shakeout’ over the next five years.” In successfully attracting trillions of dollars to these investments, “the finance sector has ‘sprinkled ESG fairy dust’ on products that do little to account for environmental, social and governance risks.” These and other shenanigans will increasingly come into “jeopardy.”
Tags: Clements-Hunt, ESG, Fairy dust, Finance sector, Fund industry, Investments, Jeopardy, Risks, Shakeout, Shenanigans
Los Angeles Times (August 17)
“More than seven decades later, the dispute over who should pay for the suffering…is at the heart of a downward spiral in relations between South Korea and Japan that has spawned a trade war and ignited massive protests and boycotts in South Korea,” putting much at risk. “An $80-billion bilateral trade relationship is in jeopardy, as is a military information-sharing agreement between the two countries that has been valuable for the U.S. and its allies against the North Korean threat.”
Tags: Bilateral trade, Boycotts, Dispute, Downward spiral, Japan, Jeopardy, North Korea, Protests, South Korea, Suffering, Threat, Trade war, U.S.
Wall Street Journal (May 25)
“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery. His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals.”
Tags: Auto imports, China policy, Economic goals, Foreign policy, Jeopardy, Mess, Nafta, Tariff, Threat, Trade negotiator, Trump, Volleys
Investment Week (September 13)
“UK asset managers have listed numerous concerns surrounding the UK’s upcoming split from the European Union including staffing, delegation and passporting issues.” In jeopardy stands “the UK’s position as the largest asset management centre in Europe” and some European clients have already said “they had chose to contract with managers in other jurisdictions rather than face uncertainty surrounding contracting with a UK-based entity.”
Tags: Asset managers, Clients, EU, Jeopardy, Passporting, Staffing, UK, Uncertainty surrounding
BBC (June 18)
“Coffee production in Ethiopia, the birthplace of the high quality Arabica coffee bean and Africa’s largest exporter, could be in serious jeopardy over the next century unless action is taken.” According to a study by Kew Gardens, “current coffee growing areas in Ethiopia could decrease by up to 60% given a temperature rise of 4C by the end of the century.”
Tags: Action, Africa, Arabica, Coffee, Ethiopia, Exporter, Global warming, Jeopardy, Serious, Temperature