August, 2017

• 30 August

  Why India should buy into Trump’s Afghanistan war

  

  Will Donald Trump’s new approach to South Asia work? Its success depends on whether India is convinced that Trump’s America is a partner to be trusted—and whether India itself is willing to step up its engagement with Afghanistan as the US president has suggested. Let’s be clear: the Afghanistan strategy Trump has laid out looks more sensible than what Barack ...

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• 30 August

  The destructive path of US protectionism

  Two companies that make solar panels are asking the government to protect them from foreign competition. They want the government to put taxes and a price floor on imports. Other companies are warning that these policies would raise prices and shrink the market, eliminating jobs for solar-panel installers, manufacturers of mounting equipment, and other parts of the larger solar industry. ...

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• 30 August

  A chance for Congress to take war responsibility

  President Donald Trump’s announcement of a new strategy for the war in Afghanistan is a reminder that, for far too long, Congress has shirked its constitutional responsibility to declare war. With the US also involved in fighting in Iraq, Libya, Somalia, Syria and Yemen, the legislative branch needs give the executive branch the legal authority it needs to conduct the ...

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• 30 August

  Why Samsung’s scion Lee needs to do his prison time

  

  History was made in a Seoul court on Friday when Jay Y. Lee, scion of the family that founded the giant Samsung conglomerate, was convicted on bribery and embezzlement charges and sentenced to five years in prison. In theory, the verdict should send a stark signal to the country’s politicians and business leaders that the corrupt shenanigans that have so ...

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• 30 August

  Debt ceiling fight is damaging distraction

  

  The debt ceiling is attracting a lot more attention, especially after President Donald Trump labeled it a “mess” amid growing tensions within the Republican Party. We should expect the rhetoric to get even more heated in the days and weeks ahead. It is unlikely, however, that this will lead to a technical default by the US or a repeat of ...

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• 30 August

  Too much debt is making us sticks-in-the-mud

  

  We’ve had a long run on the current economic expansion, but eventually, another recession will come. A lot of people will lose their jobs, maybe including you. So ask yourself a question: When the time comes, would you rather take a guaranteed 10 percent wage cut, or have a 10 percent chance of becoming unemployed? While they are both just ...

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• 30 August

  United’s fare cuts fuel risk of fresh airline price war

  

  Bloomberg A price battle between United Airlines and heavy discounters is spreading to other US carriers, threatening to derail the industry’s nascent recovery in pricing power. Competition that heated up this summer in United’s hub cities of Houston, Chicago and Newark, New Jersey, has extended to American Airlines in Dallas and to other carriers, airline executives said. Passenger revenue for ...

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• 30 August

  Bird Group keen to bid for Air India’s ground services unit

  

  Bloomberg Bird Group, an aviation and hospitality company, said it is interested in bidding for the ground handling division of Air India Ltd., the state-owned flag carrier the government is planning to sell in full or part. The New Delhi-based group has written to the Ministry of Civil Aviation asking the government to consider selling Air India’s subsidiaries separately, a ...

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• 30 August

  Sports Direct owner’s latest dispute moves to a golf course

  

  Bloomberg In Mike Ashley’s last court case, we found out what an evening in the pub with him was like. Now, we might pick up a few tips on his golf game. Ashley, the billionaire owner of Sports Direct, sued his ‘trusted friend” and former co-owner of Charlton Athletic Football Club, saying he lured him into a fraudulent 3 million-pound ...

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• 30 August

  Southwest quietly takes delivery of its first Boeing 737 Max

  

  Bloomberg Southwest Airlines Co. quietly took delivery of its first Boeing Co. 737 Max jetliner, canceling an employee celebration in Dallas to mark the milestone because of the devastation in nearby Houston caused by Hurricane Harvey. The jet’s Tuesday arrival at Southwest marks the first at a North American carrier for the Max, which has shattered sales records at Boeing. ...

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