Wall Street is split on the value of having a Chinese joint venture. Morgan Stanley and UBS Group AG are planning to raise their stakes in their securities operations in the country to the maximum 49 percent allowed, just weeks after JP Morgan Chase & Co. severed ties with its local partner amid frustration over a lack of control. …
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A sensible plea for limits on immigration
People who want less immigration have been underrepresented in the U.S. Congress. Gallup found that 38 percent of Americans fall into this category, while 21 percent want increased immigration. But in 2013, a Senate committee voted 17-1 against capping legal immigration at 33 million people over the next decade. The one senator who voted for a cap — the …
Read More »New trade arrangements will safeguard UK’s economy
The British people chose to vote in June 2016 to disentangle their country from the EU. They did not simply vote to withdraw from the European Union but to change the way their country works. But even after more than six months of that historic referendum, people are not sure about what the future holds for them. The most …
Read More »The bright side of smart home silly season
The Internet of Things is one of the gadget industry’s brightest hopes in a world that’s saturated with smartphones. Sensors are cheap, and digital giants such as Amazon and Google are aggressively pushing their voice-command technology. The resulting hype, however, spawns inventions that should only exist in the corny worlds of science fiction. At this point, the IoT market …
Read More »Does Dow Jones index at 20,000 matter?
The Dow Jones Industrial Average came tantalizing close to 20,000 on January 6, a record level that is being closely watched (and hyped) by the financial media. At one point during the trading session, it was within 0.37 points, or 0.0002 percent. Most agree that it is just a matter of time before this milestone is attained. The longer-term …
Read More »A breadwinner, a homemaker and a laptop
As millennials slowly age into family life, they’re faced with two daunting financial challenges: the rising cost of housing and the high cost of child care. One way to deal with these challenges is to use technology-enabled remote work so parents can live and work in cheaper small towns like their elders did generations ago. Annual growth in home …
Read More »Obama’s unforced errors on foreign policy
When Barack Obama moves two miles from 1600 Pennsylvania Avenue to 2446 Belmont Road in Washington’s Kalorama neighborhood, he will live half a mile from 2340 S Street, where Woodrow Wilson spent his three post-presidential years. Wilson’s embittering foreign policy failure was the Senate’s rejection of the US participation in the embodiment of Wilsonian aspirations, the League of Nations. …
Read More »S’pore landlord hears its investors knocking
Global Logistic Properties Ltd., (GLP) a Singapore-traded landlord with a $40 billion warehouse portfolio in China, Japan, Brazil and the US, was crying out for some honest-to-goodness investor activism. A little belatedly, Singapore’s sovereign wealth fund is prodding it to release what could be billions of dollars of trapped shareholder value. It’s still not too late for GLP to …
Read More »Everybody loses in Trump’s war on intelligence agencies
Recently, the US intelligence community struck back. Not at Russia, which it accuses of hacking the Democratic National Committee to destabilize American democracy and swing the 2016 presidential race, but at President-elect Donald Trump, whose recent tweets have called into question not just the agencies’ findings but their competence. It’s entirely appropriate, Director of National Intelligence James Clapper told …
Read More »Why Medium failed to disrupt the media
Ev Williams, the co-founder of Twitter, spent five years building Medium into one of the slickest publishing platforms on the web. Yet he found himself in traditional-publishing purgatory, cutting 50 employees and searching for a new business model. There could be no better proof that delivery methods matter little and content is king. In the post outlining the changes, …
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