Gina joined Breakingviews in 2016 from the Financial Times, where she was the enforcement and regulatory correspondent in Washington, most recently focused on white-collar crime and cyber security. Before that, Gina was the corporate reporter for Quartz and spent seven years at the Wall Street Journal in New York, Baghdad and Detroit, covering M&A, war and cars. She also has written a book about the Khmer Rouge, trained journalists in Iraq and written from her native Seoul.
The economy added 379,000 positions last month as temporarily laid-off workers were rehired. But there was little change in the number of long-term unemployed and the Black jobless rate rose to nearly 10%. This suggests the Fed’s wait for full employment will be a long one.
President Joe Biden’s aides reviewing India’s loss of preferential trade may face similar spats on technology and medical devices as their predecessors. Patience is waning though. Small gives by Prime Minister Narendra Modi could boost confidence and help to avoid more tariffs.
The nominee to lead the U.S. securities regulator talked about trading gamification, inadequately funded platforms, and payments for order flow. The GameStop share-price roller coaster deserves a close look. But the SEC has other, perhaps tastier, fish to fry, like SPACs.