Has the global growth rate slowed? The debate is hot and not very illuminating. Reported numbers prove nothing and historical analysis is often confused. As more material desires are met, there is less room for big leaps forward. But don’t write off the human imagination.
Most Fox believers are relegated to owning non-voting stock, the same second-tier paper on offer to Time Warner shareholders. While there’s broad investor overlap in the two companies, the record shows a clear distaste for the imperialistic ways of media mogul Rupert Murdoch.
Jean-Claude Juncker, the European Commission’s president-elect, has embraced the goal of creating such a framework. But so far it is more of a slogan than a set of policy actions. Here’s an attempt to flesh out the idea.
David Cameron has appointed a eurosceptic as his foreign minister and nominated a little-known former lobbyist as Britain’s European commissioner. The prime minister looks to be lining up a Plan B of campaigning to quit the EU if he fails to reform it. This would be a mistake.
The Kentucky Fried parent earned respect – and profits – less by currying favor with Beijing, more by doing good business. Innovations like a safe food-supply chain benefited the country. But having created the standard, Yum is now struggling to revitalize its recipe.
The Narendra Modi government is planning big changes to the financial system. Deepening the bond market and improving the central bank’s credibility for taming inflation may boost investment and savings and prepare the ground for sustained 8-percent-plus growth.
UKIP has fanned fears so much that Brexit is now a risk. The best response is to show how free movement of people within the EU benefits the economy and society overall, while acknowledging that some groups may be harmed and working to improve their lot.
Italian capitalism is undergoing Darwinian selection. Companies can no longer rely on the state, age-old shareholder pacts or even Mediobanca for capital. Firms are being forced to adapt to the rules of global finance to avoid extinction. The next generation looks fit to prosper.
There is no perfect balance between the public’s right to know and the individual’s right to privacy. Businesses might want to duck the debate, but a European court has made neutrality impossible for Google. Like it or not, companies are well placed to help draw the lines.
The Italian prime minister is a brilliant politician. His youthful dynamism has bought him time with his people, the markets and the EU to carry out the immense job of reforming Italy. But he has yet to show he can execute. He now needs to, because even his time will run out.