Financial Times (January 21)
“In a country where companies have resisted raising pay and the workforce has refrained from aggressive salary demands for most of the past three decades, Fast Retailing’s move is a watershed for the government and the Bank of Japan’s battle to lift the economy out of deflation.” Should the approach gain momentum, “the ramifications could be far-reaching,” potentially leading to “a virtuous cycle of rising wages, consumption and prices” that “would allow Japan to finally move away from the negative interest rates and ultra-loose monetary policies.”
Tags: BOJ, Consumption, Deflation, Demands, Economy, Fast Retailing, Interest rates, Japan, Prices, Raising pay, Rising wages, Salary, Ultra-loose, Virtuous cycle, Watershed, Workforce
New York Times (April 3)
“Though this war is far from over, and Vladimir Putin may still find a way to prevail and come out stronger, if he doesn’t, it could be a watershed in the conflict between democratic and undemocratic systems.”
Tags: Conflict, Democratic, Over, Prevail, Putin, Undemocratic, War, Watershed
US News & World Report (April 6)
The Covid-19 pandemic has “exposed gaping cracks in our social, political and economic systems. The most pervasive of those cracks is discrimination against women, which persists in every country in the world.” But the pandemic might also “be the watershed we need to upend the systems that hold girls and women back. It brings a chance to make health care and education truly universal, to improve conditions and pay for millions, and to strengthen safety nets.”
Tags: COVID-19, Cracks, Discrimination, Economic, Education, Health care, Pandemic, Social, Upend, Watershed, Women
Wall Street Journal (July 20)
“The Lee family that controls the Samsung conglomerate won its showdown with minority shareholders on Friday, but the vote still represents a watershed for corporate governance in the world’s 14th-largest economy. Though Samsung won, the bell is tolling for South Korea’s chaebol system of corporate control.” The shareholder fight marked “a step forward for corporate reform in Asia” where “a new shareholder class has been mobilized.”
Tags: Asia, Chaebol, Conglomerate, Corporate governance, Lee, Minority shareholders, Samsung, South Korea, Watershed
