Opinion

A Thelma and Louise Brexit? You know the ending well

Committed Brexiters, including former Brexit secretary Dominic Raab, have arrived at the conclusion that the deal Prime Minister Theresa May has negotiated is not just bad; it’s worse than remaining in the European Union (EU). That’s axiomatic. But what’s their plan? It’s not to cancel Brexit. And it’s not to hold a new public vote. Their preference appears to be ...

Read More »

Target, like its peers, has a bull’s-eye on its back

If you had told me even a year ago that I would soon see Target Corp. deliver a 5.1 percent increase in comparable sales over a year earlier, I don’t think I would’ve believed you. And if you also told me that Wall Street’s response to that kind of growth would be to slam the big-box retailer’s shares, then I ...

Read More »

Renault-Nissan truce could still turn into war

Is it all over? That’s certainly the impression being given by the French and Japanese governments following the arrest and ouster of Nissan Motor Co. Chairman Carlos Ghosn. Hours after the Japanese company’s board voted to remove him due to allegations of misconduct, the two countries’ finance and economy ministers met and pledged support for the alliance between Nissan and ...

Read More »

Trump should find a trade victory with China at G-20

If President Donald Trump is the dealmaker he claims to be, he should use the upcoming G-20 summit in Buenos Aires on November 30 to declare a win in his trade war with China — before his bombast does any more damage to the global economy. Trade is Trump’s signature issue. But more than a year after he began threatening ...

Read More »

Macron is hardly blameless over Nissan

Making cars is always an intensely political business, one that brings good local jobs and global prestige. This applies to France as much as anywhere else; the country places the same importance on its carmakers as it does on playing host to Airbus SE. The French have been happy to pursue international partnerships — the Germans and Spanish on Airbus, ...

Read More »

General Electric has reason to offer thanks

The beatings for General Electric Co. have finally eased off during the Thanksgiving holiday lull, at least in terms of the credit market. There might be more to it than just an absence of market activity as traders tuck into their turkey. The US industrial giant has been through the wringer ever since its third-quarter results and the subsequent loss ...

Read More »

Europe’s first small step towards fiscal reform

France and Germany have agreed on an idea for improving euro-zone budget policy, and other governments have said they can support it. The plan falls short of what’s needed, but it’s progress nonetheless. The greatest weakness of the euro zone is that it lacks a way to support member states that fall into recession: Monetary policy isn’t enough, because the ...

Read More »

India misses wake-up call from shadow-bank bust

India’s finance industry is letting a good crisis go to waste by not learning from it. The sudden $12.8 billion bankruptcy of infrastructure lender IL&FS Group, currently sequestered under a government-blessed, out-of-court process, underscores India’s lack of preparedness to handle a big shift in lending in recent years — away from banks. Before I illustrate that challenge with a little ...

Read More »

Jack Ma’s Singles Day is coming for Black Friday

Watch out: Jack Ma’s Singles Day is going to make Black Friday a lot less alluring. There’s trepidation in the air this holiday season. In just a few brutal trading days, the whipsawing US stock market wiped out its entire 2018 gain. Meanwhile, the US economy is heading for a 10th year of expansion, by far the longest in history. ...

Read More »

The easiest way to set Facebook is to break it up

Occam’s razor is a principle that says when something happens that can be explained in multiple ways, the simplest explanation is usually the right one. The same is true of solutions: the simplest, most straightforward solution is usually the best way to solve a problem. In the US, social media giant Facebook Inc. has become a problem. It makes its ...

Read More »
Send this to a friend