Opinion

Only Germans love the euro these days

  French presidential candidate Marine Le Pen unsettled investors with her pledge to pull France out of the euro and re-denominate all French debt in newly minted francs. Polls suggest Le Pen won’t get the chance; she is expected to lose a second-round runoff. Even if polls are correct this time, that doesn’t mean the euro is safe. In fact, ...

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Unilever’s boldest defence? A Colgate or Nestle deal

  Unilever was all smiles when Kraft Heinz Co. abandoned its attempt to buy the U.K. consumer company for $143 billion. In an unusual joint statement, the two companies referred to their “high regard” for each other. This isn’t how bitterly contested takeover situations normally end. The Anglo-Dutch consumer giant must have wanted to end things amicably — or at ...

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When firms should, and shouldn’t enter political fray

  Even before Donald Trump took office, the calls for boycotts began. “@Amazon we are not shopping with you until u pull all Trump merchandise,” one woman wrote on Twitter in November. Another tweeted: “I’ll NEVER buy @LLBean for my daughter EVER AGAIN. I won’t support any1 that Trump does. Change UR ethics.” These weren’t isolated incidents. For months, a ...

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Asia’s strongmen aren’t strong enough

  Across Asia, the world has supposedly been witnessing the return of the strongman. Chinese President Xi Jinping has been grasping more and more control in his own hands since claiming power in 2012. Two years later, Prime Minister Narendra Modi in India and President Joko Widodo (known as “Jokowi”) in Indonesia won office by selling themselves as forceful economic ...

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Greek bond drama meets realpolitik

  Monday’s meeting of European finance ministers looks like the last chance for some form of agreement on the next leg of Greece’s 86 billion euro ($91.4 billion) bailout, before Dutch and French election complicate negotiations. Anything can still go wrong with seemingly unsolvable differences between the European authorities, the International Monetary Fund, and the Greeks. The worries are certainly ...

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Reagan’s Russian roadmap for Trump

  US Secretary of Defense James Mattis and NATO Secretary General Jens Stoltenberg have taken a tough line against Russia’s many recent provocations. Other than calling for all members of the alliance to pay their fair share of the military bill, however, they have offered no real plan of action. Russia’s aggressions call for a stronger response. While Mattis is ...

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Trump deserves praise for new national security adviser

  US President Donald Trump’s pick for national security adviser drew praise even from his staunchest critic Senator John McCain of Arizona. Trump chose H.R McMaster to fill the post left vacant after the resignation of Michael Flynn over Russian call controversy. Flynn resigned last week over the allegation that he misled Vice President Pence about contacts with Russian envoy. ...

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Beware of consultants bearing rosy news about mergers

  mid the blizzard of election news last November, two writers at the nonprofit news organization ProPublica came out with a startling investigative report. Jesse Eisinger and Justin Elliott wrote about a small but very wealthy group of American economists who make millions of dollars helping companies deal with the federal government on antitrust cases. They focused on Dennis Carlton, ...

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The shipping news suggests reflation is real

  About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving goods from A to B. “Shipping News Says World Economy Is Toast,” was my dour conclusion. Today, however, many of those indicators are pointing to a much brighter outlook for the global economy, suggesting that reflation has indeed replaced ...

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Do you trust big data? Try Googling the holocaust

  The advent of big data was supposed to usher in a more precise and rational world. Instead, it might be leading us into the swamp of “alternative facts.” Data may not lie, but they can be interpreted in ways that have the same effect. Consider President Donald Trump’s persistent claim that millions voted fraudulently in the 2016 election. In ...

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