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New York Times (September 9)

2021/ 09/ 10 by jd in Global News

“The crypto revolution is bringing financial services to the unbanked, but not without risks.” The crypto “market is expanding quickly — in all sorts of directions,” giving rise to new “Shadow Banks.” Crypto customers “can earn much higher interest rates than at traditional banks, and they can borrow money, using crypto as collateral, often with no credit checks,” but the potential dangers include hacks, fraud, and the lack of FDIC protection for deposits.


WARC (June 2)

2021/ 06/ 04 by jd in Global News

“Sponsors that made a relatively sound bet on one of the major global sporting events could not have foreseen the pandemic. Now, with the games an increasingly controversial topic, sponsors are navigating negative public opinion.” As they “worry about the risks of sponsoring an event opposed by a majority of the country” and focus on avoiding negative exposure, some Olympic sponsors have given up on recouping their investments.


New York Times (May 12)

2021/ 05/ 13 by jd in Global News

“Pressing ahead with the Olympics risks drinking poison to quench our thirst for sport. The possibility of a superspreader catastrophe is not worth it for an optional sporting spectacle. It’s time to cancel the Tokyo Olympics.”


Reuters (October 19)

2020/ 10/ 20 by jd in Global News

“China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.”


Reuters (May 14)

2020/ 05/ 15 by jd in Global News

Banks mainly seem to be provisioning for consumer debt, but “bad-debt risks could easily spread beyond consumer finance. Commercial real estate could face a brutal reckoning if white-collar workers in major cities decide not to return to the office when lockdowns lift.” When stimulus measures wind down, it will leave “over-indebted small and medium-sized enterprises vulnerable. Mass unemployment would lead to increased mortgage defaults.”


Reuters (November 29)

2019/ 12/ 01 by jd in Global News

“European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.” The investors assert that the Big Four audit firms “are not giving enough weight to a potentially rapid transition towards a low-carbon future as governments implement the 2015 Paris Agreement to curb climate change.”


The Economist (October 19)

2019/ 10/ 21 by jd in Global News

“Constitutionally, the emperor is ‘the symbol of the state and of the unity of the people’. But the imperial cocoon in which he is kept risks making him more of a relic. Much like his father, Emperor Naruhito is relatively informal when touring the country, petting dogs and chatting with schoolchildren.” However, “the royal family has scant leeway to make itself more relevant” as it remains bound by “stifling bureaucracy and ritual.”


INC. (July/August Issue)

2019/ 08/ 12 by jd in Global News

IPOs are forecast to top 200 in 2019, raising approximately $70 billion. “If companies now seem to be rushing to the IPO market, it may be they sense that the risks of waiting are rising fast. VCs are taking advantage of the best opportunity to transfer that risk—and burn rate—to public stockholders.”


Wall Street Journal (October 26)

2018/ 10/ 28 by jd in Global News

The European Central Bank is now faced with “a dilemma as it edges toward higher interest rates just as the region’s economy slows and faces escalating risks, from international trade tensions to a European dispute over Italy’s budget.” For now, President Mario Draghi has no plans to change course as the ECB seeks to “phase out easy-money policies.”


Investment Week (April 27)

2018/ 04/ 30 by jd in Global News

The European Union’s Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation “is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID).” However, Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) “has expressed he is ‘concerned’ about the new PRIIPS legislation, highlighting literature requirements ‘are not providing useful context’ while there is evidence it is causing US funds to withdraw from Europe.”


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