Log In | Subscribe | | |

Politics and Economies

It all sounds as if it's tailor made for cynics: a government looks at high-growth companies using what it terms "non-traditional data" (which turns out to be social media comment about and by the company and the companies's own websites) and uses it to predict what industries and what regions may thrive. And cynics would be right: social media comment tends to be polarised and out of balance and websites are, of course, the bearers of good tidings. So what's going on?

CoNet Section: 

This week, some Conservative Party MPs delivered, in sufficient number, a letter to the party's managing committee, the 1922 Committee. It expressed that they had no confidence in the Prime Minister and that the party should replace her. The timing, many have said, was a mistake, that those seeking her removal, should have waited until after the Brexit vote and attack her then, if she lost. That, it is here opined, would have defeated the purpose of this week's supposed rebellion.

CoNet Section: 

OK, so the headline's a bit click-baity. This is what happened: a pal and I were chatting about Deutsch Bank and he said that he wondered what investigators might find about Trump and his dealings with Russia.

CoNet Section: 

No-deal Brexit would hit south-eastern European economies hardest among EBRD regions, says the European Bank for Reconstruction and Development (EBRD) in a surprising counter-point to the position espoused by the EU generally .

CoNet Section: 

German company Siemens and French company Alstom are facing immense competition, especially in developing markets, from China's state-backed CRRC. The plan is to create a new Joint Venture entity owned by both companies and to transfer their respective divisions into it. So, while it is being touted as a merger, it isn't and nor is it a take-over. However, the fact that it's neither of the usual methods of combining businesses doesn't mean that competition regulators won't look at it - and opposition is coming from an unlikely quarter.

CoNet Section: 

Janus was a Roman god: the one with two faces. California's Attorney General Xavier Becerra has those traits: on the one hand, he's all about consumer rights, the rights of the under-privileged including immigrants but on the other he's in favour of allowing unions to compel non-members to hand over part of their wages. The idea that oppression is oppression is oppression seems to have passed him by and it's a case called Janus v AFSCME, Council 31 and others that has compelled him to nail his colours to the mast. Government bad, socialist bullies good. His defiance of Federal law is well recognised but this is a case where all the good he's done, and there is a lot, is undermined.

CoNet Section: 

If the current state of affairs in Italian politics were to be in any other country, it would be a national, even regional and, perhaps even, global crisis. But it's not. In Italy politics is so bizarre that even a Gallic shrug, a Malaysian "it's Malaysia" or a Japanese polite turning away would be over-reactions.

CoNet Section: 

There are few things about Malaysia's Najib government that have caused as much anger amongst the populace as the introduction of the Goods and Services Tax ("GST") which is, in fact, a form of Value Added Tax. It was an election promise that Mahathir's coalition would repeal it and reinstate the old Sales Tax. Even during a press conference yesterday, before he was sworn in, Mahathir was asked to confirm that the promise would be kept and he did. Popular though such a policy would be, it is a horribly retrograde step that will cost the country, and businesses, dear. He should revise GST, which was not, in some detail, properly thought through, but he should not reverse its imposition.

CoNet Section: 

In Kuala Lumpur, the capital of Malaysia, it was shortly after 5 a.m. on 10 May. The call for prayers from the mosques in the Pudu area of the city was unusually loud and sounded somehow lighter than usual. There were car horns blasting in the city's streets. Two hours later, all is quiet. There are the usual sounds of trains running, traffic passing and birds twittering as they hunt insects high above the ground. Monkeys chatter in the trees and today has become normal. Except it isn't.

CoNet Section: 

Early on Saturday morning,in Setapek, one of Kuala Lumpur's most racially and religiously integrated suburbs, two men in dark, full face, helmets sat on a rare, high-powered, motorcycle for some twenty minutes. As Palestinian FADI Mohammad al Batsh, 35, passed by on his way from his home to lead dawn prayers in his role as imam, the man on the back of the bike shot him. Police reports say that he was shot four times with a high degree of accuracy: there were only two stray bullets found out of evidence that ten shots were fired. Two men nearby were not harmed. This was not a simple murder, the circumstances suggest.

CoNet Section: 

It's the American dream: little lonely kid with only a handful of people who appear to like him talks with one or two of them and they come up with a geeky idea : let's put our college yearbook (a curiously American thing) into a database and let everyone in it tell everyone in it what they are doing, and let them read what everyone else is doing. Then, as the others, one by one, find out that the reason he's the little lonely kid is that he's a sociopathic egotistical self-absorbed autocrat, he ends up alone and somehow sitting on something that generates thousands of millions of dollars in share value. Then someone spills the saucer full of secrets and Americans are shocked out of their stupor and they don't like it.

CoNet Section: 

For those that can't be bothered to keep up with US President Trump's online twittering, there are various ways of getting just the gist of what he's up to. One of the most fun is to scan the last 11 or so months of headlines from The Economist. Here are the highlights of his Washington shenanigans. Foreign trade and foreign policy are, often, from another planet and we don't want to go there. Of course, it also allows us to relish the Economist's punny headlines and to ask a basic question: why is someone who is so in favour of the USA's pro-gun lobby so determined to shoot himself in the foot?

CoNet Section: 

For those that don't recognise the name, Elizabeth Warren is a US Senator representing the state of Massachusetts but she was born in Oklahoma. Warren is a member of the Democratic Party and has been dubbed "a progressive." She claims historical links to the Cherokee Indian tribal group and says she is part Cherokee. That's in doubt.

CoNet Section: 

It might take a stretch of the imagination to join the UK's departure from the EU and the wife-murdering, perhaps syphilitic, definitely unstable, ferociously misogynistic Tudor monarch who is, arguably, the UK's most famous king. But there is a certain logic and the admirably named Lord Judge has applied his considerable legal knowledge and intellect to make that connection and to rightly harry those responsible for the poor legal drafting that plagues English law and, in particular, that relating to the not-admirably named "Brexit." At the heart of his concerns are a major constitutional issue now known as "Henry VIII powers." This month, Parliament is making much of that while debating Sanctions and Anti-Money Laundering Bill.

CoNet Section: 

The UK's housing loan crisis of the late 1980s to early 1990s and the US version in 2006 that led to the global financial crisis were both prefaced by three very specific warning signs. In the UK, all three warning signs are once more present.

CoNet Section: 

Pages

 


 

Amazon ads

| |

 

hahagotcha