November, 2016

• 20 November

  Aussie mortgage bonds missing in action as cheaper funds beckon

  

    Bloomberg Home-loan providers in Australia are selling mortgage bonds at the slowest pace in four years, flocking instead to cheaper debt that doesn’t require collateral. Just A$14.8 billion ($11 billion) of new residential mortgage-backed securities have been issued so far in 2016 by banks and other housing lenders, 36 percent less than at this stage last year, data compiled ...

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• 20 November

  S Africa proposes 3,500 rand monthly wage

    Bloomberg The country’s proposed national minimum wage amounts to 20 rand per hour and brings South Africa a step closer to tackling poverty, inequality and unemployment, South African Deputy President Cyril Ramaphosa said to reporters in Johannesburg on Sunday. “It is by no means the final figure of what the national minimum wage is going to be,” Ramaphosa said. ...

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• 20 November

  Trump must listen to these two Cold War lions

  

    Before President-elect Donald Trump brings in the bulldozers to “drain the swamp” in Washington, I hope he will consider the career achievements of two people who embody the nation’s tradition of bipartisan foreign policy leadership, Zbigniew Brzezinski and Brent Scowcroft. The two former national security advisers came from vastly different worlds to join in constructing the foreign policy tradition ...

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• 20 November

  These models work best in the post-poll world

    It may be useful to imagine for the duration of Europe’s upcoming election season that we live in a world without public polling. Would that make further populist surprises look more or less likely? The post-Brexit, post-Trump world is not necessarily “post-truth” despite a certain blurring of lines between fact and spin. It is, however, definitely post-poll. U.S. pollsters ...

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• 20 November

  Don’t get worked up over Fed’s reaction to Trump

    Nobody is really sure what Donald Trump will want from the Federal Reserve during his presidency: Will he try to make it adopt the “hard money” views of many people in his party, or will he want it to err on the side of letting the economy run hot? Since we might not know the answer for some time, ...

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• 20 November

  UAE fast turning into world’s innovation capital

    The UAE is right on track to become world’s innovation capital. Its comprehensive and visionary policies are creating a conducive climate for innovation and innovators to thrive. As laid down in the National Innovation Strategy, innovation is being encouraged in key sectors like renewable energy, transport, education, health, technology, water and space. The second Innovation Week — which kicked ...

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• 20 November

  Even Donald Trump believes that Keynes got it right

  

    What does the election of Donald Trump mean for macroeconomics? Above all else, it means that the half-century-long challenge to Keynesian ideas is over. The insurgents lost. First, some background. During the Great Depression, John Maynard Keynes suggested that government spending would boost the economy, by increasing aggregate demand. In a recession, there are unused resources — empty offices, ...

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• 20 November

  A last chance for fixing roads, refinancing debt

    There are times when a confluence of events creates a rare opportunity. The U.S. now is at one of those the moments. To wit: As of January, a single party will control the executive and legislative branches of government; Campaign promises were made by the president-elect to upgrade infrastructure; The U.S. federal debt is almost $20 trillion; The U.S. ...

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• 20 November

  Actually, Trump’s core voters should love TPP

  

    Mihir Sharma US President Barack Obama’s the Trans-Pacific Partnership, his signature trade pact, is very likely dead. President-elect Donald Trump swept to victory in part by railing against such massive trade deals. Today, few in Washington would dare to challenge the view that globalization has benefited cheaper foreign workers at the expense of hard-working Americans. But Washington’s politicians, Donald ...

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• 20 November

  Dubai SME to promote women empowerment, entrepreneurship

  

    Abu Dhabi / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, will extend its support to the 3rd edition of the Arab Women in Leadership and Business Summit, which will be held in Dubai from November 21-22, as official partners of the ...

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