Opinion

Europe needs new rules for investment spending

  Jean-Michel Paul The dilapidated state of infrastructure in Belgium, home to the European Union’s main institutions, has become emblematic of a lack of investment that blights the whole continent and, according to the EU itself, is creating “lasting bottlenecks that undermine productivity growth.” This problem can be fixed, but probably not without reforming the bloc’s destructive restrictions on government ...

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Why TPP is not doomed to fail

Trade policy has taken a beating on the U.S. presidential campaign trail. It’s been blamed for the United States’ economic troubles and for creating the social strife and unease that has driven an unusually populist presidential campaign season. It’s a difficult context in which to pitch the Trans Pacific Partnership, one of the most ambitious trade agreements in history. But ...

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What’s behind the new Singapore-Australia defense deal?

  Prashanth Parameswaran SPECIAL TO EMIRATES BUSINESS On May 6, Singapore and Australia announced a series of moves that they had undertaken to boost their defense relationship. While much of the initial media coverage has focused narrowly on a new, multi-billion dollar agreement to jointly develop military training areas and facilities in Australia and what it says about China’s regional ...

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Environment protests test Vietnam’s new leadership

  Gary Sands SPECIAL TO EMIRATES BUSINESS On May 1, residents of Ho Chi Minh City, still commonly referred to as Saigon, were waking up after marking the 41st anniversary of the reunification of Vietnam. Fireworks the previous night gloriously celebrated the victory of a steadfast army of communist North Vietnamese over the crumbling government of South Vietnam and the ...

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A spy chief’s hardened perspective

  Early in his tenure as director of national intelligence, James Clapper could sometimes be heard complaining “I’m too old for this [expletive]!” He has now served almost six years as America’s top intelligence official, and when I asked him this week how much longer he would be in harness, he consulted his calendar and answered with relief, “265 days!” ...

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In Hiroshima, Obama must send N-free world message

  Hiroshima stands as an obnoxious reminder of atrocities of a nuclear war. It keeps warning us that such an apocalypse should never be repeated. With Barack Obama’s trip to Hiroshima this month — the first by a sitting US President — hopes are raised the visit would renew push for global nuclear disarmament in light of horror Hiroshima still ...

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Don’t worry about the Trump transition

  Jonathan Bernstein Good for Donald Trump for getting an early start on his presidential transition team. Though Chris Christie may not be ideal for this particular job, it is a vital task, especially since Trump’s challenges will be unusually difficult, should he actually win the election. This is in part because, as Politico reported on Monday before the Christie ...

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How to shorten airport lines? Get rid of the TSA

This spring, millions of Americans have learned to dread going to the airport. An unfortunate combination of surging passenger volumes and declining numbers of screeners have led to security lines that can average over an hour in length. Thousands of passengers are missing flights daily. Meanwhile, airports and airlines across the U.S. are struggling to contain passenger anger. In desperation ...

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Germany’s middle class is endangered, too

  The plight of the middle class is one of the hottest topics in the U.S. presidential campaign. Candidates compete to offer plans for the revival of the dependable middle, the foundation of society. The polarization isn’t only occurring in the U.S., though. In Germany, with its far more socialist income redistribution model, the middle class also is endangered. In ...

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Australia: Optimistic on jobs and growth?

  Budgets can be austere things, as Australia’s was – or tried to be — in 2014. They can also be optimistic, about delivering surpluses or in this government’s case “jobs and growth.” Australian Prime Minister Malcolm Turnbull and his Treasurer Scott Morrison have delivered an optimistic budget. Or at least they delivered it optimistically, with Turnbull waxing lyrically if ...

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