Can the ministry that shaped Japan’s economy rediscover its influence?
[ad_1] Japan’s Ministry for Economy, Trade and Industry was on a high. It was June 2018 and Meti, as it is more commonly known, had just forced through the $18bn sale of Toshiba’s prized memory chip business to a private equity consortium. The deal appeared to justify the ministry’s billing as the creator of the […]
2:00PM Water Cooler 4/19/2022 | naked capitalism
[ad_1] By Lambert Strether of Corrente Bird Song of the Day This is Lyre Bird week at Naked Capitalism. The sound visualization does not disappoint! * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had learned nothing, and forgotten nothing.” –Charles […]
Naive Questions About Russia’s War Economy
[ad_1] Yves here. Helmer’s post about the competing and radically different plans for restructuring Russia’s economy so it can better cope with the impact of sanctions is timely. Not only is the legislative debate in full swing, but central bank President Elvira Nabiullina also gave an update. She depicted Russia as having weathered the initial […]
FirstFT: Lockdown clouding China’s growth prospects
[ad_1] Good morning.This article is our live version First FT communication.Sign up for our Asia, Europe/Africa or America Get it straight to your inbox every weekday morning China’s economy faster-than-expected growth In the first quarter, but official data showed consumer activity contracted as lockdown measures to combat the spread of Covid-19 weighed on the country’s […]
US Treasury insists Russia sanctions will not fragment the global economy
[ad_1] A senior official at the Treasury department has pushed back on warnings that the sweeping sanctions package announced by the US and its allies against Russia risks fracturing the international economy, vowing instead to take further retaliatory action if necessary. In a speech delivered on Monday, Wally Adeyemo, the deputy Treasury secretary, defended the […]
2:00PM Water Cooler 4/18/2022 | naked capitalism
[ad_1] By Lambert Strether of Corrente Bird Song of the Day I think I will try for a week of Lyre Birds. (They are videos, too, but I can’t find one of Lyrebird courtship display.) * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, […]
Whiskey on Boris Johnson’s table as he heads to New Delhi
[ad_1] Leading Scotch whisky maker Chivas Brothers said it aims to double exports to India if New Delhi lifts whisky tariffs, the UK’s top priority in bilateral trade talks ahead of Prime Minister Boris Johnson’s visit to India this week. Require. India is the world’s largest whisky consumer and the second largest export market for […]
External Affairs Minister Jaishankar: India Has Concerns About U.S. Human Rights Record
[ad_1] By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Indian prime minister Narendra Modi and U.S. president Joe Biden met virtually last Monday to discuss their bilateral relationship, especially U,S, insistence that India not increase its oil and gas imports […]
Gold rises to highest level in a month as China data adds to growing jitters
[ad_1] Gold prices climbed and U.S. stocks slid on Monday, as signs that the coronavirus lockdowns clouded China’s growth prospects, adding to worries about a weakening global economy. Gold, which typically rises in times of uncertainty, rose about 0.8% to $1,989 a troy ounce, its highest level in more than a month. U.S. stocks fell […]
Emotions and spending – the big picture
[ad_1] “You’re talking too loudly, I can’t hear what you’re saying.” —Ralph Waldo Emerson, “The Purpose of Society” (1875) I’m not a big fan of most surveys: Consumer Surveys, holiday shopping investigation, election polling survey. The main reason is that when a random stranger asks anyone about their own future behavior, the answers they get […]
Patriots and Globalists Replace Left-Right Divide
[ad_1] It was France who gave the concept of left and right in world politics. It is now France that is leading the way in breaking down that divide and replacing it with a new politics in which the two main camps are nationalists and internationalists. Left and right cleavage has its origin In the […]
Link April 18, 2022 | Naked Capitalism
[ad_1] Lambert and I, along with many readers, agree that Ukraine has sparked the worst information environment ever. We hope readers will collaborate in the comments to reduce the fog of war – real fog and stage fog. None of us need more cheerleaders and linkless repeat memes; there are platforms. Low-value, unlinked pom pom-waves […]