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To understand this nasty and nutty campaign, you have to go back to 1973, which is before roughly 60 percent of today’s Americans were alive. The backward trip in time illuminates how the United States and, indeed, most advanced nations, became addicted to rapid economic growth and how this, in turn, polluted our politics. It bred disillusion and disappointment. ...
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October, 2016
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30 October
Telling a half-truth doesn’t work for drugmaker
Under securities law, a publicly disclosed half-truth is worse than no truth at all, according to an appeals court opinion filed this week involving Arena Pharmaceuticals Inc. The decision has an intuitive moral appeal. But it’s not at all clear that it makes sense from the standpoint of investors, who might be misled just as thoroughly by failure to disclose ...
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30 October
Heathrow expansion is necessary but ‘impossible’
Because Brexit isn’t risky enough, apparently, Britain’s Conservative government has decided to embark on another project fraught with potential for failure. For many years, the country has been arguing furiously about a big expansion of London’s Heathrow airport. Having once opposed the idea, the Tories say they are now in favour. Prime Minister Theresa May is right: Heathrow needs ...
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30 October
Hillary Clinton emails probe saga continues
She never talks about her goal of becoming the first woman president in US history. People talk. And she rarely speaks of breaking the highest and hardest glass ceiling holding women down. Her supporters say so. But she did announce her choice of an Election Night venue symbolic of this ambition: the enormous Javits Center in New York constructed ...
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30 October
A ‘tweak’ to fix Obamacare? That’s a red flag
Here’s a little diversion to pass the time as you endure Washington’s policy debates. Listen for phrases like “All we have to do†or “We need just a small tweak†or “There’s a really simple fix.†Then watch to see what happens. Whatever that person is proposing will prove to be really, really costly—politically or fiscally or both. On ...
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30 October
Shift from active to passive isn’t what it seems
The move from active investing to passive has been a hot topic lately. Fund flows show that investors are voting with their feet. The news media has been all over the story. The Wall Street Journal has done a big spread on it; Bloomberg has covered it extensively as well. Bill Miller, the legendary stock picker at Legg Mason Capital ...
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30 October
The world’s policymakers have run out of weapons
No one likes to admit defeat. But global policymakers, who continue to insist that there’s more they can do to revive growth and inflation, are starting to sound like Monty Python’s Black Knight, the limbless and mortally wounded warrior who threatens to bleed on his victorious opponent. The truth is that governments and central banks have very few weapons ...
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30 October
Increased safety goal of GCAA plan 2017-2021
Dubai /Â WAM Providing the public with the safest and most secure air travel is the goal of the General Civil Aviation Authority (GCAA) strategic plan for 2017-2021. The new plan focuses on various areas, including the improvement of local and global civil aviation safety, through participating in initiatives that gather all stakeholders, in addition to enhancing capabilities and supporting ...
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30 October
Mohamed bin Zayed issues resolutions
Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of the Emirate of Abu Dhabi, issued two resolutions on the General Secretariat of the Executive Council and establishing the Office of the Executive Committee. The first resolution ...
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30 October
UAE participates in CICA’s meetings
Astana /Â WAM The UAE participated in the meetings of the special working group and senior officials committee of the Conference on Interaction and Confidence Building Measures in Asia (CICA). Hosted by Astana, the capital of Kazakhstan, from October 26-28, the meeting discussed the plan of action to implement the UN Counter-Terrorism Strategy. Dr Ahmed Al Matroochi, Director of West ...
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