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How to hold a fair US election in November

There’s no question about it: Holding successful elections under current conditions is going to be difficult. The good news is that a group of experts put together by election-law maven Rick Hasen, the Ad Hoc Committee for 2020 Election Fairness and Legitimacy, has thought through many of the major issues and published solid recommendations for getting it right this November. ...

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Trump, Lincoln opposite kinds of US presidents

With his poll numbers looking wobbly, President Donald Trump wants the Lincoln Memorial as backdrop for a Made-for-Fox-News event on May 03 intended to portray him as the kind of leader he is not. It won’t work — not just because the juxtaposition of Trump with Abraham Lincoln is so spectacularly unflattering to the current president. When historians rank American ...

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Covid-19: Ready for opening states now?

As April turned to May, more than a dozen states opted to relax coronavirus shutdowns and at least partly reopen their economies. This is not a public health decision, but an economic and social one. Still, they can contribute to public health by providing data all 50 states can use. Nobody knows exactly what level of restrictions we need to ...

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Shopping’s no fun if you can’t try on the clothes

Lockdowns have devastated retailers and restaurants on both sides of the Atlantic. An easing of restrictions won’t be the magic wand that waves their worries away. Even when it’s possible for consumers to walk freely into their favourite shops, they may be nervous about doing so. That puts the onus on retailers to make their locations as reassuring as possible. ...

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Stocks fell in most of world with US futures, dollar rises

Bloomberg Stocks fell in most of the world while US index futures edged lower in a sign the risk-off move that hit markets at the start of this month may have further to run. The dollar climbed. The Stoxx Europe 600 slumped at the open, with all 19 industry sectors down. Contracts on the three main American indexes traded in ...

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Bad start to May is a sign of things to come for markets

Bloomberg Sell in May and go away? The negative start to the month raises concern that the partial recovery in April is going to be about as good as it gets for risk assets. For all the optimism stemming from the gradual easing of lockdown measures in some of the biggest economies, there are too many worries on the minds ...

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ECB funding fix to likely push costs down to pre-virus levels

Bloomberg Funding costs in Europe have probably been given the tonic they need to keep easing from the highest level since 2016. Judging by moves in interest-rate futures, the European Central Bank’s (ECB) plan to pump a deluge of cash into the euro area’s banks will drag a key lending rate down on Monday, when most of the region’s markets ...

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HSBC to buy 50% stake in Chinese life insurance JV

Bloomberg HSBC Holdings Plc agreed to buy the remaining 50% stake in its Chinese life insurance venture as the Communist Party-ruled nation opens its financial markets. The lender will take full ownership of HSBC Life Insurance Company Ltd. after buying out its partner, The National Trust Ltd., according to an emailed statement. “This transaction supports our ambition to accelerate growth ...

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Virus adds to woes of Nigerian banks

Bloomberg Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge unscathed. The industry has already agreed to forgo profit to support the economy as measures to contain the Covid-19 outbreak bring most businesses to a halt. Now, ...

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RBA to hold rates as it enters eye of storm

Bloomberg Australia’s central bank (RBA) passed up buying bonds last week in its already reduced QE schedule as the rate it targets appears anchored for now. The calm may prove brief as governments at home and abroad start issuing reams of paper to finance their massive fiscal stimulus. The Reserve Bank is expected to maintain its three-year yield target at 0.25% ...

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