When Brazilian President Dilma Rousseff walked down the ramp at the presidential palace in Brasilia the other day, she might have been a national hero. “There will be struggle, there will be resistance,†a gruff-voiced leader of the homeless workers’ movement announced, turning the announcement of a new federal housing initiative into a political rally. “This bogus coup attempt will ...
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What if they gave an ASEAN Summit and the media failed to turn up?
For years, in news rooms across the region, reporters and editors have argued about the merits of sending teams of journalists and photographers to cover the annual ASEAN summits. Interest is in a state of constant decline even as costs escalate. A major problem is rarely do ASEAN gatherings offer news that would be considered worthy for the front pages ...
Read More »â€˜Trump Republican’ is a seriously damaged brand
Donald Trump is taking a troubled brand — the Republican Party — and making it worse. In last week’s Bloomberg Politics national survey, 60 percent of Americans said they had an unfavorable view of Republicans, the highest level in seven years. Since 2009, when this survey began, a plurality of the public has regarded the party with disfavor, but over ...
Read More »Why companies must beware of Chinese buyers
You have to give credit to China’s Anbang. Only days ago, the Chinese insurance group was shoved aside in its long quest to acquire U.S. hotel operator Starwood. A rival suitor, U.S. hotelier Marriott, had recaptured Starwood’s affections with a sweetened bid. Undeterred, Anbang roared back on Mar. 26 with an even juicier offer. Obviously, the company is not easily ...
Read More »Summit raises alarm over ‘dirty bomb’
The Nuclear Security Summit, which concluded on Friday in Washington, did not rule out catastrophic nuclear attacks. It was a global forum that gathered the world leaders to find ways to avert such apocalyptic scenarios. The timing of the summit was important as it came in the wake of attacks in Paris and Brussels that have killed dozens and exposed ...
Read More »Aung San Suu Kyi’s democratic myopia
Vishal Arora SPECIAL TO EMIRATES BUSINESS U Htin Kyaw is the president of Myanmar’s first civilian government following 56 years of military junta rule, but all eyes remain on Nobel laureate Aung San Suu Kyi to lead the country. While she is likely to accept and play that role, as per the wishes of her people, the hope for a ...
Read More »Peru’s next prez has to placate fed-up voters
Seen from a distance, Peru is a Latin American dynamo. Its economy has been surging since the early 2000s and investment has been rebounding. Its universal health- care program has won accolades, and the number of those living in poverty fell 32 percent between 2001 and 2014. So why is the April 10 presidential election turning into such a fiasco? ...
Read More »Why ASEAN must remain neutral on the South China Sea
Pressure is growing on ASEAN to choose condemnation of China and both explicit and implicit support of the U.S. in the South China Sea. Proponents argue that this is a way to shift the tide and contain an expanding Chinese presence. And it has come at a time when ASEAN has demonstrated concern over the fast rising tensions in the ...
Read More »A funny thing happened on the way to recession
At the beginning of the year, fears were widespread that recession was heading toward the U.S. — and, indeed, the rest of the world. Even the perennially- optimistic Wall Street Journal survey of economistsput the odds of recession in the coming 12 months at 21 percent, twice the level anticipated a year earlier and the highest reading since 2012. On ...
Read More »Mervyn King’s daring book on radical uncertainty
Mervyn King’s new book on the financial crisis and its aftermath is not what you might have expected from the former head of the Bank of England — from an official, that is, who played a crucial role before, during and after the crash. “The End of Alchemy: Money, Banking, and the Future of the Global Economy†isn’t a memoir. ...
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