Wall Street Journal (September 6)
Numerous states have warned the “Big Three” asset managers (BlackRock, Vanguard and State Street) that their ESG policies appear to run counter to “the sole interest rule, a well-established legal principle. The sole interest rule requires investment fiduciaries to act to maximize financial returns, not to promote social or political objectives.”
Tags: “Big Three”, Asset managers, BlackRock, ESG, Fiduciaries, Financial returns, Investment, Maximize, Political, Social, Sole interest rule, State Street, States, U.S., Vanguard, Warned
New York Times (April 28)
“Delaying the Tokyo Games by a year already poses enormous economic, political and logistical challenges, including whether Japan can hope to recoup its $10 billion investment.” Without a vaccine, however, a 2021 “timeline may be optimistic.”
Tags: Challenges, Delay, Economic, Investment, Japan, Logistical, Optimistic, Political, Recoup, Timeline, Tokyo, Vaccine
The Economist (November 2)
“Investors betting on Aramco as the last oil major standing in 30 years’ time will have to consider the risk of revolution or invasion. Aramco’s flotation is a sign that the end of oil could be in sight. But it is also a reminder that the black stuff’s capacity to cause economic and political havoc will be undiminished for decades to come.”
Tags: Aramco. Oil majors, Economic, Flotation, Havoc, Invasion, Investors, Political, Revolution, Risk, Undiminished
The Guardian (May 23)
“All political careers end in failure. Not all end in a punishment beating. The apparently imminent departure of Theresa May as Tory leader has seen a brutality rare even for the British Conservative party.”
Tags: Beating, Brutality, Careers, Departure, Failure, Imminent, May, Political, Punishment, Tory, UK
Wall Street Journal (October 19)
“China’s economic data are so consistent they’re hard to believe.” China’s 6.7% third-quarter growth was “perfectly in line with official targets and precisely as claimed in quarters one and two, a feat of consistency never before achieved. This is a reminder that China’s statistics remain fundamentally political.”
Tags: China, Consistent, Economic data, Growth, Political, Statistics, Targets
Institutional Investor (April 15)
“As a demonstration of China’s growing economic and political clout, few things rival the launch of the Asian Infrastructure Investment bank, Beijing’s challenge to the U.S.-dominated international financial order…. In the end, only Japan among major economies sided with Washington in shunning the AIIB.”
Washington Post (April 1)
“Deal or no deal, the Iran talks have borne fruit” by engaging Iran with the outside world. “Iran is now a diplomatic and political factor in regional and world politics, for better or worse. The right U.S. strategy was to prevent this rising Iran from getting nuclear weapons, not to pretend that it didn’t exist.”
Tags: Deal, Diplomatic, Engaging, Iran, Nuclear weapons, Political, Pretend, Strategy, U.S.
Financial Times (November 19)
“After three years of near stagnation and with unemployment stuck at double digit levels, it is increasingly clear that the eurozone’s political and economic crisis will intensify if there is no boost to growth.”
Tags: Crisis, Economic, eurozone, Growth, Political, Stagnation, Unemployment
Financial Times (April 8)
“Whatever the thundering herd of investors may think, it is too soon to declare that Mr Draghi has won the war for the euro. The eurozone still faces deep underlying economic and political problems that are beyond the control of the president of the ECB and his colleagues.”
Tags: Colleagues, Draghi, ECB, Economic, euro, eurozone, Herd, Investors, Political, President, Problems
BBC (December 26, 2013)
“Whatever Shinzo Abe says, any visit to the Yasakuni shrine by a Japanese prime minister is deeply political and sure to cause offence.”
Tags: Japan, Offence, Political, Prime minister, Shinzo Abe, Yasakuni
