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Bloomberg If you listen to bookmakers, the central question in the UK general election is not whether Boris Johnson will win, but by how much. Johnson is the overwhelming favourite to remain as prime minister after the December 12 poll, according to bookmaker Paddy Power. At 3/1 on to lead the next government, punters would need to bet three pounds ...
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November, 2019
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11 November
Space war threats from China, Russia getting new US assessment
Bloomberg The US intelligence community is updating its assessment of space warfare capabilities of Russia and China as military commanders express concerns about advances in the adversaries’ ability to jam, ram or destroy satellites in orbit. Air Force General John Hyten requested the National Intelligence Estimate before he left his prior command at the US Strategic Command, and it “is ...
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11 November
Bolivian president quits after army tells him to go
Bloomberg Evo Morales, South America’s longest-serving president and a towering figure for the region’s left-wing movements, resigned after election irregularities triggered weeks of violent clashes and intervention from the armed forces. Morales said he was leaving office to avoid violence, adding that he wouldn’t flee the country since he hadn’t stolen anything. He pointed to the economic progress of the ...
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11 November
Trump impeachment inquiry to reshape 2020 presidential election
Bloomberg The start of public impeachment hearings in the House this week will push the race for the White House into a new phase, testing whether Democratic efforts to investigate President Donald Trump risk hurting the party in the 2020 election. Democratic front-runner Joe Biden will also be a central figure in the proceedings, which will challenge his political resilience. ...
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11 November
Boris Johnson wants the hardest of EU trade deals
British voters are being hit over the head with the key message of Boris Johnson’s campaign for the December 12 election: In speeches and on posters and on campaign flyers is the promise that his government would “get Brexit done†quickly and move on to other things. The Conservative Party is in a hurry. Johnson’s team is promising that Brexit ...
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11 November
Lagarde’s ‘agenda’ is a risk for the ECB
The Christine Lagarde-era at the European Central Bank (ECB) is barely a week old, but these first few days raise concern that her political agenda risks undermining trust in the institution. More specifically, Lagarde is expected to use the might of her new position to push through ideas that European elites prefer, such as closer fiscal coordination, but that broader ...
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11 November
US needs to cure the health-care cost disease
By this point, everyone knows that the US health-care system is fundamentally broken. But every plan to fix it runs into a fusillade of opposition. This dynamic could be seen in the reaction to the Affordable Care Act, which remained unpopular for years after its passage. The Obamacare system substantially reduced the number of Americans who were uninsured, but costs ...
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11 November
Are we heading towards the US-China tech war?
President Trump seemed to be nearing a preliminary truce in his trade war with China. But the deeper danger that still lies ahead is a Sino-America technology war, as the two countries race to develop artificial intelligence. Beijing and Washington seemed to be clearing a path for a limited tariff-reduction deal with the announcement by China’s Commerce Ministry of a ...
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11 November
Brazil is again Lula’s political prisoner
When he walked out of jail in Curitiba in southern Brazil after 580 days, former President Luiz Inacio Lula da Silva was not an entirely free man. He is merely the highest-profile beneficiary of the November 7 Supreme Court decision to allow convicted criminals to remain at liberty until they exhaust all possible appeals. Yet for loyalists of the practically ...
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11 November
How an $85bn buyout of Walgreens could be done
The mooted record-breaking leveraged buyout of Walgreens Boots Alliance Inc. is a reminder of the powerful role of private capital in modern finance. But the fact that a private equity owner has a chance at making decent returns even after paying a premium for the US pharmacist raises difficult questions. Might the public markets be missing something yet again? A ...
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