Washington Post (November 29)
“Henry A. Kissinger, who died on Wednesday at 100, was one of the most consequential statesmen in U.S. history. Though his greatest triumphs occurred a half-century ago, his legacy is complex and contested and contains lessons that should inform Americans facing complicated foreign policy challenges now.”
Tags: 100, Challenges, Complex, Complicated, Consequential, Contested, Died, Foreign policy, History, Kissinger, Legacy, Lessons, Statesmen, Triumphs, U.S.
Bloomberg (October 31)
“Japan’s central bank insists it still wants to cap long-term market rates,” but their “actions suggest officials are losing the stomach for it.” Kazuo Ueda is dismantling “the cumbersome legacy of his predecessor… more rapidly” than expected “when he took the helm of the Bank of Japan.” Nevertheless, BOJ officials are insisting that the “policy is only being tweaked.” This threatens “the credibility of its communications” as “key parts of the BOJ’s entire approach to setting borrowing costs are being removed or watered down.”
Tags: BOJ, Cap, Central bank, Credibility, Cumbersome, Japan, Legacy, Long term, Market rates, Officials, Predecessor, Threatens, Ueda
American Banker (December 9)
“Fintechs turned cross-border payments into a hotbed of innovation over the last five years. Now the card networks and banks are responding with disruptions of their own. It’s not just the competitive threat from fintechs developing faster, cheaper and more transparent cross-border payment options. The changing economy is now adding urgency for legacy cross-border providers to modernize their services.”
Tags: Banks, Card networks, Cheaper, Competitive threat, Cross-border, Disruptions, Economy, Faster, Fintechs, Hotbed, Innovation, Legacy, Modernize, Payments, Services, Transparent
CNBC (October 28)
In what may prove a seminal for Big Oil, activist Dan Loeb is “calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy.” The activists battle with Shell lies “at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.”
Tags: Activist, Big oil, Breakup, Business model, Clean energy, Dan Loeb, Fossil fuel, Gas, Legacy, Oil, Renewable energy, Royal Dutch Shell, Transition
Washington Post (September 25)
“After dominating Germany and, indeed, Europe for so long, Ms. Merkel leaves a legacy of sober, patient leadership, in which she both articulated and modeled democratic values. This was especially important at times when the leaders of other Western nations… did not.” The impact of her departure will be widely felt as “the world’s need for strong champions and exemplars of democracy is greater than ever.”
Tags: Champions, Democracy, Democratic values, Dominating, Europe, Exemplars, Germany, Leadership, Legacy, Merkel, Need, Patient, Sober
Washington Post (December 3)
President George H.W. Bush’s remarkable legacy includes putting together “one of the finest, scandal-free Cabinets in U.S. history.” In contrast, the “current crew” is populated with “liars, braggarts and bullies” who posterity will judge harshly. “None of them will be heralded for leaving American democracy stronger than when they entered office. Neither in their personal dealings nor in their policy choices will they be seen as kind or considerate. They’ve torn up international agreements, frayed relationships (here and abroad) and deformed institutions.”
Tags: Agreements, Braggarts, Bullies, Bush, Cabinets, Democracy, Institutions, Legacy, Liars, Policy, President, Relationships, Scandal-free, U.S.
Bloomberg (September 27)
Shinzo Abe is taking a “momentous gamble.” Nothing less than “Japan’s economic future, and his own political legacy” will depend on the outcome of the October election.
Bloomberg (November 28)
“Fierce rivals, Samsung and Sony also face many of the same problems: overstretched businesses, a dearth of game-changing products, hierarchical corporate structures and proud places in their national psyches. But South Korea’s Samsung is proving how nimble even huge legacy names can be. Sony should pay attention.”
Tags: Corporate structures, Game-changing products, Hierarchy, Legacy, Nimble, Overstretched, Rivals, Samsung, Sony, South Korea
The Economist (April 8, 2013)
“As prime minister from 1979 to 1990, Margaret Thatcher transformed Britain and left an ideological legacy to rival that of Marx, Mao, Gandhi or Reagan.” Lady Thatcher was the UK’s first and, to date, only female prime Minister. She also “remains the only occupant of Number 10 to have become an “-ism” in her lifetime.”
