Washington Post (June 8)
“Trump is waging a trade war in the dumbest way possible.” In the best of times, “trade wars are neither good nor easy to win…. Every side loses, experiencing lost jobs, crippled businesses and higher prices for consumers.” Trumps tariffs are now estimated to result in 16 lost U.S. jobs for every job gained in the aluminum/steel industry: a painful, self-inflicted wound. Moreover, the counterpunches of our trading partners “are likely to draw more blood.” With the “already announced $40 billion worth of retaliatory tariffs on U.S.-made products,” Canada, the EU, Mexico, Russia, India, Japan and Turkey have “fine-tuned the art of minimizing their own pain — and maximizing ours.”
Tags: Aluminum. Steel, Businesses, Canada, Consumers, Counterpunches, Dumbest, EU, India, Japan, Lost jobs, Mexico, Prices, Russia, Tariffs, Trade war, Trading partners, Trump, Turkey, U.S.
New Yorker (May 14)
National Security Adviser John Bolton said moving the U.S. Embassy to Jerusalem was “merely ‘a recognition of reality,’ but it was actually a suspension of disbelief.” Though dignitaries at the opening ceremony were exuberant, “none of this alleviated the sinking feeling that young Gazans had gained the world’s attention, and sympathy, through their deaths” as Turkey and South Africa recalled their ambassadors to Israel while other countries lodged condemnations.
Tags: Ambassadors, Bolton, Deaths, Dignitaries, Disbelief, Embassy, Gazans, Israel, Jerusalem, NSA, Reality, South Africa, Sympathy, Turkey, U.S.
New York Times (March 4)
“There can be little doubt now.” President Donald Trump “truly sees no danger in Mr. Xi’s ‘great’ decision to extend his own rule until death. That craven reaction is in line with Mr. Trump’s consistent support and even admiration for men ruling with increasing brutal and autocratic methods—Vladimir Putin of Russia, Turkey’s Recep Tayyip Erdogan, Rodrigo Duterte in the Philippines, to name a few.”
Tags: Admiration, Autocratic, Brutal, China, Duterte, Erdogan, Philippines, Putin, Rule, Russia, Trump, Turkey, U.S., Xi
Bloomberg (February 8)
“Boosted by an expanding middle class, India and Indonesia will enter the ranks of the five largest, as well as the fastest growing air-passenger markets by 2036. China will post the quickest passenger growth and also overtake the U.S. as the biggest air-travel market. Turkey rounds up the top five markets that are expanding at the fastest pace.”
Tags: Air, China, Expanding, Fastest-growing, India, Indonesia, Middle class, Passenger, Travel, Turkey, U.S.
Financial Times (April 19)
“After 15 years of Mr Erdogan’s tightening grip, first as prime minister and now as president, almost half the population said a resounding No to one-man rule.” Still, they did not prevail. “What Turks now face is not a French or US-style presidency but something like Vladimir Putin’s Kremlin rule — and half the country knows this well.”
Reuters (November 30)
Turkey’s Prime Minister Recep Tayyip Erdoğan “needs to initiate a change in direction by releasing all caught up in the frenzy of collective punishment, dialing back on Turkey’s emergency laws and revising Turkey’s overbroad terrorism laws.” The witch-hunt has trampled too many basic rights rights. “Not long ago Turkey was on a path of commitment to protect those very rights and values. It’s not too late to return.”
Tags: Commitment, Emergency laws, Erdogan, Punishment, Rights, Terrorism, Turkey, Values, Witch hunt
The Economist (November 19)
“Reagan’s America was optimistic: Mr Trump’s is angry. Welcome to the new nationalism. For the first time since the second world war, the great and rising powers are simultaneously in thrall to various sorts of chauvinism. Like Mr Trump, leaders of countries such as Russia, China and Turkey embrace a pessimistic view that foreign affairs are often a zero-sum game in which global interests compete with national ones. It is a big change that makes for a more dangerous world.”
Tags: Angry, Chauvinism, China, Compete, Dangerous, Foreign affairs, Nationalism, Optimistic, Pessimistic, Reagan, Russia, Trump, Turkey, Zero-sum game
The Economist (July 23)
Since the coup in Turkey, two things have become clear. “First, the people of Turkey showed great bravery in coming out onto the streets to confront the soldiers; hundreds died…. Opposition parties, no matter how much they may despise President Recep Tayyip Erdogan, united to denounce the assault on democracy. Better the flawed, Islamist-tinged strongman than the return of the generals for the fifth time since the 1960s. The second, more alarming conclusion is that Mr Erdogan is fast destroying the very democracy that the people defended with their lives.”
Institutional Investor (July 18)
Following a tumultuous weekend with a failed coup, another police officer shooting in the U.S., and continuing Brexit worries, investors may want to consider “whether security and geopolitical threats to stability will undermine the impact of aggressive easing actions of the world’s central banks. A recovery in the Turkish lira and global equity indices and a retreat in gold prices, seemingly fueled by the coup’s failure, suggests that at least some parts of the market believe central bank policymakers still trump security threats when it comes to financial asset valuation.”
Tags: Asset valuation, Brexit, Central banks, Easing, Equities, Failed coup, Geopolitical threats, Gold, Investors, Lira, Police, Recovery, Security, Shooting, Stability, Threats, Tumultuous, Turkey, U.S., Worries
Wall Street Journal (March 14)
“Few days go by now without at least one mass-casualty terrorist attack somewhere in the world. Two such attacks on Sunday, in the Ivory Coast and Turkey, killed 39 people combined.” This was just another “average terror Sunday.”
Tags: Average, Ivory Coast, Mass casualty, Sunday, Terror, Terrorist attack, Turkey
