Baku / AFP Pope Francis on Sunday called for a “stable peace†as he visited mainly Muslim Azerbaijan, several months after pushing for an end to a festering territorial feud while in arch-foe Armenia. The pontiff met in private with Azerbaijan’s President Ilham Aliyev — who is accused by rights groups of ruthlessly stamping out dissent in the energy-rich ...
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Colombians vote on historic peace deal
Bogota / AFP Colombians voted in a referendum on Sunday on whether to ratify a historic peace accord to end a 52-year war between the state and the communist FARC rebels. The accord will effectively end what is seen as the last major armed conflict in the Western Hemisphere. The war has killed hundreds of thousands of people and ...
Read More »Trump’s BFF: Rosy Scenario
Rosy Scenario is alive and well. There is a long and dubious tradition among politicians of projecting high — usually unrealistic — rates of economic growth as a way of avoiding unpopular political choices. We can do everything, because rapid growth and torrents of tax revenues will pay the bills. That’s Rosy’s message, and Donald Trump has eagerly embraced ...
Read More »Bullish news from Wall Street’s bearish seers
Wall Street equity analysts sure are a gloomy lot these days. Based on the average estimate of forecasters surveyed by Bloomberg, they expect the Standard & Poor’s 500 Index to finish the year 1 percent lower than yesterday’s close. This is noteworthy because it’s so out of character. Most of the time — 82 percent during the past decade, to ...
Read More »US suburbs will soar on the wings of technology
For a few years it seemed that Americans were moving to the cities, but now the trends are toward the suburbs once again. Long-turn trends favor suburbs even more. THE SHARING ECONOMY One reason is the rise of Uber and other ride-sharing services. Uber helps users virtually everywhere, but in cities there are subways and buses and walking might ...
Read More »Give businesses a clear Brexit roadmap now
British Prime Minister Theresa May announced during the ruling Conservative party’s annual meeting on Sunday that the UK will start the Brexit process before April 2017. There has been mounting pressure on her to expedite the departure from the European Union. Since she assumed office, May had been playing her cards close to her chest — being quite ambiguous ...
Read More »Asia’s economic rise keeps pulling Americans west
It seems like forever we’ve been hearing about the decline of the Rust Belt, and people migrating to the West Coast. But why? Why did manufacturing decline in the Midwest? Why are rents so high in California, and house prices surging in the Pacific Northwest? Why does the U.S. population continue to move slowly from East to West? Part ...
Read More »Trump may not prepare for next debate either
The New York Times reported that advisers to Donald Trump “plan to more rigorously prepare him for his next face-off with Hillary Clinton by drilling the Republican nominee on crucial answers, facts and counterattacks, and by coaching him on ways to whack Mrs. Clinton on issues even if he is not asked about them.” Good luck, guys. Debates are correctly ...
Read More »Secret of John Kerry’s success is irrational optimism
If you’ve ever wondered how Secretary of State John Kerry’s understands diplomacy, the waiting is over. On Thursday, at the Aspen Institute’s Washington Ideas Forum, Steve Clemons of the Atlantic pried it out of America’s top diplomat: What exactly is the “John Kerry secret sauce?” There are interests and values, Kerry told the audience. “You may have tension with ...
Read More »Turkey’s ambitious airline seeks to weather turbulence
AFP Even by the fraught standards of global aviation, 2016 has been tough for Turkish Airlines. In June, its main hub Ataturk International Airport in Istanbul was hit by suicide bomb attacks blamed on jihadists, and then on July 15 putschists seeking to oust President Recep Tayyip Erdogan tried to take control of Ataturk. Both incidents caused the temporary ...
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