Of all the setbacks during World War II, the one that British Prime Minister Winston Churchill could never really get over was the fall of Singapore. Seventy-five years later, Dara Khosrowshahi, Uber’s new CEO, shouldn’t even want to contemplate the costs of surrendering the city’s ride-hailing market—for that might mean the beginning of the end of Uber Technologies Inc.’s global …
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Macron’s first step towards transforming France
President Emmanuel Macron’s new government has unveiled its plan to overhaul France’s notoriously rigid labor market. It includes useful measures that should help to boost employment, and it’s a good first step. Unfortunately, though, it doesn’t resolve some deeper-rooted problems, in particular the unduly sharp divide between workers on temporary and permanent contracts — the underlying cause of France’s so-called …
Read More »Making a bad situation in North Korea worse
There are, as is often noted, no good options for dealing with North Korea. All the more reason for the US not to make the few it does have even worse. That’s what President Donald Trump is doing by linking the security threat posed by North Korea with his trade agenda. Irked by China’s failure to help the US rein …
Read More »Japan needs to change to welcome immigrants
The US has been roiled by debates over immigration. Japan has the opposite problem—not enough debate. Immigration is happening, and no one is talking about it or preparing to deal with it. Americans tend to use Japan as an example of a country that doesn’t take in immigrants. For example, my Bloomberg View colleague Justin Fox recently wrote that “politicians …
Read More »Why fake news spreads so quickly on Facebook
How can we fight back against the fake news infecting our information feeds and political systems? New research suggests that education and filtering technology might not be enough: The very nature of social media networks could be making us peculiarly vulnerable. The intentional spreading of false stories has been credited with swaying such monumental events as last year’s Brexit vote …
Read More »Stronger economies dealing a blow to populism
If you’re wondering what gave rise to populism, look no further than the lack of real income growth. With purchasing power for most either flat or declining for more than a decade, voters rejected mainstream politicians in Western Europe and North America and turned to the fringes on the far right and far left. Now, though, there is evidence that …
Read More »China’s invisible influence on global economics
China may be an even bigger economic deal than we thought. Almost everyone knows that, in the past three decades, China has gone from a huge and poor nation to the world’s biggest exporter and second-largest economy. Now, in a new report, two economists claim that China’s emergence explains a lot more. Specifically, they say it fostered three major global …
Read More »Europe’s ‘unending’ migrant crisis isn’t anywhere near over
Two years ago, Alan Kurdi, the three-year-old Syrian boy photographed lying face down on a beach near the Turkish resort of Bodrum, stirred the conscience of many Europeans. That moment of guilt and shame already seems past. We’ve barely noticed that since Kurdi’s death at least 8,500 people, many of them unescorted children, have died or disappeared while attempting to …
Read More »Kenya’s top court gives democracy a second chance
With its decision to nullify the results of last month’s presidential election, Kenya’s top court has invalidated the votes of some 15 million citizens. It has also struck a blow for democracy that will reverberate across Africa. Now comes the hard part: Holding new elections within 60 days that are untainted by the irregularities, intimidation and violence that have scarred …
Read More »What Trump owes the ‘Dreamers’
President Donald Trump is not generally the reticent type. When it comes to the fate of almost 800,000 young immigrants known as Dreamers, however, he has been unusually quiet. Trump is under pressure from conservative state officials who are threatening to sue the federal government next week if he doesn’t end a 2012 program that enables so-called Dreamers — young …
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