We’re past the point of shifting blame. We know who gave us the presidency of Donald Trump, and it wasn’t Hillary Clinton or Jill Stein or James Comey. The culprit was democracy. Even if you defend democracy on the grounds that Trump lost the popular vote, it’s still a lame argument. After all, what kind of sensible political system generates ...
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Paris accord and the reality of presidential power
To critics of President Donald Trump’s decision to withdraw the U.S. from the Paris climate accord, it may seem like presidential fiat is a very dysfunctional way to do foreign policy. How, exactly, is such overwhelming power consistent with checks and balances? How can one man, even if he is the president, single-handedly alter our international obligations? The short answer ...
Read More »Wal-Mart has a big problem landing, and it isn’t Amazon
So far, it’s mostly been about Amazon. But Wal-Mart Stores Inc. has a new foe. And it’s one it has lost out to before in Europe. It mustn’t repeat the same mistakes in its homeland. The world’s biggest retailer has been investing heavily in e-commerce in an effort to catch up with Amazon.com Inc. And as my colleague Shelly Banjo ...
Read More »Astana Expo 2017: Doors open to the world
As many as 115 states and 22 international organisations are going to take part in Kazakhstan EXPO 2017, the doors will be opened to the world on June 10. One of the largest international expos of the decade is held in Astana capital of Kazakhstan, which is the greatest achievement at the international level of Kazakhstan since its independence. EXPO ...
Read More »As Trump disrupts, Moscow celebrates
When Russian officials and analysts here talk about the US investigation of their alleged hacking of the 2016 campaign, two themes predominate: They’re flattered that their country is seen as such a powerful threat, and also amazed that America is so preoccupied with the scandal. This is the official line, to be sure, but it was also expressed by several ...
Read More »KKR with record Asia fund, one eye on Japan makes sense
KKR & Co. is stepping up investments in Japan. That’s a wise geographical choice. The US private-equity firm, which said it has raised a record $9.3 billion Asia fund, has made considerable strides in a country once hostile toward corporate takeovers. Of its top five deals in the region, three have been in Japan. Toshiba Corp.’s chip unit would be ...
Read More »Shine some sunlight on Trump’s swamp
The notion that Donald Trump would ‘drain the swamp’ was always suspect. The then-candidate himself confessed to second thoughts about his pledge shortly after making it. Still, the speed and extent of his abandonment are stunning. Not only did Trump hire people with real or potential conflicts of interest, he at first refused to divulge how many or to whom ...
Read More »On climate, China should think small
It’s a common sight in rural China: rows and rows of low-rise apartment buildings, often topped by solar water heaters the size of kitchen tables. By one estimate, 30 million Chinese households rely upon the devices for hot water. They’re served by 3,000 companies that sell around one million of the devices annually. Neither subsidies nor environmental guilt account for ...
Read More »India GDP falls to 6.1%, Modi should be worried
For quite a while now, it’s been rare to hear the name “India†without the giddy qualifier, “the world’s fastest-growing large economy.†Those seeking to promote India as a destination for investment — including, perhaps especially, its government — have driven home the message that India is the “bright spot†in the global economy. The latest data on economic growth ...
Read More »If corporations are people, they can be jerks
Critics of globalization have named their enemies: those citizens of the world who, in British Prime Minister Theresa May’s scornful phrase, are really “citizens of nowhere.†Populist leaders are championing policies to combat such cosmopolitanism — restricting migration, rethinking regional trade deals, pressuring companies to create jobs at home. Yet while it contains some truths, the populists’ diagnosis is incomplete. ...
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