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Social unrest in places like Hong Kong is not proof of economic failure
THE MOLOTOV COCKTAILS, one blue, one yellow, arrive swaddled in a towel and wedged in a backpack. Wearing builders’ gloves and Guy Fawkes masks, the protesters balance them casually on a railing, like mixologists in a bar. Then the bricks arrive, piled on a trolley, hidden under a canopy of umbrellas. The protesters spend a few exultant minutes hurling...
Where do the Asian tiger economies go from here?
EVEN IN THEIR prime, the tigers had their detractors. Twenty-five years ago this month, Paul Krugman, an economist, wrote an article in Foreign Affairs, an American policy journal, entitled “The Myth of Asia’s Miracle”. He argued that Asia’s seemingly dynamic economies displayed, on closer inspection, “startlingly little evidence of improvements...
After half a century of success, the Asian tigers must reinvent themselves
THE FOUR Asian tigers—Hong Kong, Singapore, South Korea and Taiwan—once fascinated the economic world. From the early 1960s until the 1990s, they regularly achieved double-digit growth. A generation that had toiled as farmers and labourers watched their grandchildren become some of the most educated people on the planet. The tigers started by making...
It has become harder for the Asian tigers to prosper through exports
BONNIE TU IS laughing. She just discovered the crisp red “Make America Great Again” hat that a colleague left on her desk as a joke. The chairwoman of Giant, the world’s biggest bike manufacturer, is no fan of Donald Trump. His tariffs have messed with her supply chains and driven up costs. “It’s a tax on biking, the healthiest activity in...
Does democracy hurt or help growth in the tiger economies of Asia?
THE TAIWAN STRAIT is often described as a possible flashpoint. Across this narrow body of water, China points thousands of missiles at the country it regards as a rogue province. But for those working on Formosa 1, an offshore wind farm, the strait is something else. “It’s the best wind in the world,” said one engineer recently, looking out at...
Finance
The Chinese Roots of Italy’s Far-Right Rage
PRATO, Italy — Like everyone in her family and most of the people in the factories where she labored in this town nurtured by the textile trade, Roberta Travaglini counted herself an unwavering supporter of the political left.During her childhood, her father brought her to boisterous Communist Party rallies full of music, dancing and fiery speeches...
PG&E Reaches $13.5 Billion Deal With Wildfire Victims
After months of tense negotiations, Pacific Gas & Electric and lawyers for victims of wildfires that killed dozens of people and destroyed tens of thousands of homes and businesses agreed on Friday to a multibillion-dollar legal settlement.The victims wouldn’t receive all of the $13.5 billion that is being made available under the agreement. Some...
Elon Musk Is Cleared in Lawsuit Over His ‘Pedo Guy’ Tweet
Elon Musk did not defame a British cave explorer by calling him a “pedo guy” on Twitter, a jury concluded on Friday in Los Angeles. The verdict ended a short trial based on an acrid dispute between the men over the high-profile rescue of a group of children trapped in Thailand in the summer of 2018.“My faith in humanity is restored,” Mr. Musk...
U.S. Added 266,000 Jobs in November. Here’s the Bottom Line.
America’s job engine has again defied jittery stock traders, bearish forecasters and blue-ribbon economists to deliver eye-catching gains and power an exceptionally resilient economy.November’s reassuring employment report, released Friday by the Labor Department, featured payroll increases of 266,000 and offered a counterpoint to recent anxieties...
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish
Early on Oct. 15, a group of international investment bankers delivered some unwelcome news to top executives of Saudi Arabia’s giant oil company, Saudi Aramco. The bankers, gathered at Aramco’s headquarters in Dhahran, reported that global investors weren’t as bullish on the company’s initial public offering of stock as the officials had expected,...
Legal
Inspector General Supports Whistleblowers
In his semi-annual report to Congress, Michael K. Atkinson, the intelligence community’s inspector general, expressed “hope that recent events will not have a chilling effect on the willingness of individuals within the Intelligence Community to continue to shed light on suspected fraud, waste, abuse, or malfeasance in an authorized manner.”...
Congress Seeks Reform of Red Notice Abuse
A Red Notice allows for detention of an international fugitive. But the practice has been criticized for abuse. In response, a bipartisan group of Congresspersons have introduced the Transnational Repression Accountability and Prevention Act (“the TRAP Act”). This reform legislation, if enacted, will affect politically-motivated Red Notices and...
Can Artificial Intelligence Be Used as a Tool to Help Ukraine Fight Corruption?
With day four of public hearings in the President Trump’s impeachment proceedings, Ukraine is on everyone’s mind. In his public testimony on November 19, 2019, Lieutenant Colonel Vindman mentioned several of Ukraine’s anti-corruption efforts, including the establishment of High Anti-Corruption Court. For the most part, however, consistent with...
OFAC Sanctions the Gupta Family for Bribery, Corruption and Misappropriation of South African State Assets
In an earlier post, here, we examined the Global Magnitsky Human Rights Accountability Act (“GloMag”), which was formally implemented by an Executive Order that declared “serious human rights abuses and corruption globally” as an emergency threat to U.S. interests. The President delegated his authority under GloMag to the Global Targeting Office...
SEC Expands Jurisdiction to Sanctions Violations
The Securities and Exchange Commission (“SEC”) recently penalized a public company for violating U.S. economic sanctions. The violation cited the “books and records” and “internal controls” provisions of Securities Exchange Act of 1934 (the “Exchange Act”). With this unprecedented action, the SEC has put companies on notice that the...
Deals
Seequent continues investment in innovative geoscience technology for world’s major resource challenges Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences
Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences Seequent, a world leader in the development of geoscience analysis, modelling and collaborative technologies, continues its investment in geoscience technology and innovation...
Qualitest announces investment from Bridgepoint for Majority Stake
World’s largest independent software testing and quality assurance company will use investment to accelerate global acquisition strategy and product development Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, announced today that Bridgepoint, an international private equity group, has...
Accountants reveal how AI will change deal-making - forever
The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application...
US dominates global M&A securing nine out of ten of the largest 1H19 deals
Mergermarket publishes its Q2 2019 global report London, United Kingdom 2nd July 2019: Mergermarket, the leading provider of M&A data and intelligence, has published its Q2 2019 report in which all but one of the ten largest deals targeted US-based companies, six of which were the result of domestic consolidation. Amid heightened geopolitical...
Uber to acquire Careem to expand the greater Middle East regional opportunity together
Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...
Acq Lite
At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners
EDITOR’S NOTE: This news is courtesy of iCopyright, so GNN has no control over the ads. Please remember we do not endorse the advertisements. The post At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners appeared first on Good News Network. Read More
Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives
Six lives were saved at a hospital this week, and it is all thanks to one woman's decision to “be selfless for a day”. The post Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives appeared first on Good News Network. Read More
10 Things I Wish I Would Have Told My Kids
Mindfulness is the ability to pay attention to your current experience—both the internal and external—without judgment. Practicing mindfulness allows us to make wiser choices and pursue healthier and more beneficial avenues in life. Had I learned them earlier in life, I would have taught my kids the valuable life lessons that I’ve gleaned from...
DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive
The nurse was stationed at his medical outpost 100 miles away from the nearest hospital when he realized that he was about to have a heart attack. The post DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive appeared first on Good News Network. Read More
Daily Dose of Cute: Dachshund Shows Off Skills by Maneuvering Maze of Plastic Water Bottles
If you’re mourning the end of the Winter Olympic Games in Pyeongchang, you might like these games of skill involving a long-haired Dachshund. Takao showed off his thinking abilities earlier this week when he successfully maneuvered a maze of plastic water bottles that was erected by his owner. In the videos posted to his Instagram page, the...