The worst levels of air pollution are generally found in Beijing, Delhi and other metropolises of the developing world, where headlong growth stirs up construction dust and energy providers still burn a lot of coal. But the air in London is dangerously polluted, too, with concentrations of nitrogen dioxide in some parts of the city measuring among the highest …
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Trump embassy move will spell disaster for all
International community, Palestinians and even some in Israelis believe that settlement expansion is a major roadblock to finding peaceful solution for Palestine-Israel conflicts. The US President Donald Trump has failed to understand this. Trump has vowed to move the American embassy to Jerusalem, a politically charged act that would anger Palestinians who want east Jerusalem, home to key Jewish, …
Read More »United Kingdom’s threat to weaponize tax is no bluff
The UK government is threatening to give its post-Brexit economy a shot in the arm by reducing corporate taxes to become a sort of “Singapore-on-Thames,” a tax haven on the perimeter of the European Union. EU officials are dismissive of the idea; but they may be whistling past a graveyard. At a rate of 20 percent, the UK currently …
Read More »Snapchat prepares for its close-up
Snapchat isn’t a public company yet, but it is already making its first smart move to divert the scrutiny of pesky public stockholders. Sure, there’s parent company Snap Inc.’s decision to bring in a new set of stock owners that won’t have even the appearance of a say in how the company operates. A potentially bigger deal is Snapchat’s …
Read More »China’s middlemen aren’t dead yet
This could be Li & Fung Ltd.’s (very slim) chance to shine. Donald Trump on Monday officially quashed the Asia-Pacific free trade pact that would have made it cheaper for US companies to import goods from countries such as Vietnam and Japan. He has also threatened to institute a 45 percent tariff on goods imported from China. Conventional wisdom …
Read More »Russia’s information warfare is on the rise
Last February, a top Russian cyber official told a security conference in Moscow that Russia was working on new strategies for the “information arena†that would be equivalent to testing a nuclear bomb and would “allow us to talk to the Americans as equals.†Andrey Krutskikh, a senior Kremlin adviser, made the startling comments at the Russian National Information …
Read More »Death of an equity analyst
In one of his many imaginary conversations, Willy Loman returns home from a tiring road trip to share a secret dream with his boys, Biff and Happy. “Don’t breathe it to a soul,†says the 63-year-old protagonist of Arthur Miller’s Death of a Salesman. “Someday I’ll have my own business, and I’ll never have to leave home anymore.†These …
Read More »Trump is president. Now what?
As Donald Trump is sworn into office as the 45th president of the United States, both his toughest critics and strongest supporters need to take a deep breath and consider where they want to go from here. The critics are correct that Trump possesses troubling characteristics for a president. But the shortsighted response some have chosen — boycotting the …
Read More »Europe must not let itself be divided
US President Donald Trump’s ‘America first’ proclamation in his inaugural address has left the historic allies, especially Europe, in the lurch. His message was loud and clear — bear your own burden. He said in his speech that a new vision was going to govern America. And if Trump intended to put Europe in notice, he succeeded. Undoubtedly, Brexit …
Read More »Five economic lessons from Obama’s presidency
I remember vividly the economic and financial mess President Barack Obama inherited when he was sworn in as the 44th US president eight years ago. Growth and trade were imploding, millions of Americans were losing their jobs, and the stock market was in free fall. This frightful combination was also playing out in many other countries, fueling a sense …
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