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Washington /AFP Protesters burned a giant orange-haired head of Donald Trump in effigy, lit fires in the streets and blocked traffic as rage over the billionaire’s election victory spilled onto the streets of major US cities. From New York to Los Angeles, thousands of people in around 10 cities rallied late Wednesday against the president-elect a day after his ...
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November, 2016
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10 November
Russia denies ‘euphoria’
Moscow /AFP Russia on Thursday dismissed reports the Kremlin was “euphoric” about Donald Trump’s election win, saying it was not certain the US president-elect would be any friendlier to Moscow than his predecessor. Deputy Foreign Sergei Ryabkov also confirmed that members of Trump’s inner circle had “kept in contact” with Russian officials during the election campaign, in apparent contradiction ...
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10 November
Japan lawmakers approve TPP despite Trump triumph
Tokyo /Â AFP Japan’s lower house of parliament on Thursday passed the contentious Trans-Pacific Partnership (TPP) free trade deal, a move largely viewed as an empty gesture due to opposition by US president-elect Donald Trump. President Barack Obama championed the 12-nation deal saying it would enable the United States to set the global trade agenda in the face of China’s ...
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10 November
Isolationist Trump stokes NATO defence fears
Brussels / AFP Donald Trump’s “America first” approach has Europe worried he may cut US commitments to NATO just as it mounts its biggest military build-up since the end of the Cold War to counter a more assertive Russia. Trump caused uproar during the campaign when he suggested Washington would think twice about coming to the aid of an ...
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10 November
A ‘wake-up call’ for Austrian elections
Vienna /AFP Donald Trump’s stunning victory is a “wake-up call” against the rise of populism ahead of Austria’s presidential election, candidate Alexander Van der Bellen said on Thursday, three weeks before the poll. The independent ecologist is running against Norbert Hofer who is striving to become the EU’s first far-right elected head of state on December 4. Opinion ...
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10 November
Republican’s victory challenges Fed policy, independence
Washington / AFP Donald Trump’s surprise victory in the US presidential race raises new questions over Federal Reserve policy in the short run and the central bank’s vital operational independence over the longer term. How his proposed, dramatic policy shifts impact the economy could influence Fed plans to resume raising interest rates after a year’s hiatus, which was widely ...
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10 November
North Korea urges shift from United States
Seoul/ AFP North Korea on Thursday warned the incoming Donald Trump administration will have to acknowledge it as a nuclear state, as the South said the maverick billionaire had pledged to protect it. The United States maintains it cannot accept North Korea as a nuclear power, despite it conducting five nuclear tests and has pushed harsh international sanctions against ...
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10 November
How Trump could help the Federal Reserve
Everyone has a lot to digest in the wake of Donald Trump’s presidential victory, but for markets one question looms large: What should it change in the policies of the world’s most powerful central bank, the U.S. Federal Reserve? The answer differs depending on whether you’re looking at the next few months or the next several years. In the ...
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10 November
Trump’s win can make us better investors
One of the best things to do when confronted by a major surprise is to see what there is to be learned from the experience. I always try to identify what sorts of lessons can be gleaned from nonmarket events. You would be surprised at how often there are rules and insights to be had about investing. In the ...
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10 November
Econ 101 might be wrong about supply and demand
Noah Smith As you might expect, economists tend to talk about lots things in terms of supply and demand. Macroeconomics is no different. The basic model of recessions and booms that gets taught in undergrad classes relies on the notions of aggregate demand and aggregate supply. Just like the demand for oranges is the number of oranges people want ...
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