By SIMON CONSTABLE
Tuesday, June 5, 2018
Monday, June 4, 2018
P.J. Media: Numbers Don't Bear Out Corbyn's Claims on 'Soaring Inequality'
By SIMON CONSTABLE
Has Britain’s Jeremy Corbyn become king of the political fibbers? Maybe so.
The ultra-leftist leader of the country’s Labour Party won’t let up from pushing the idea that the divide between those on high incomes and the rest of the population is only getting worse.
The problem is that the pontificating politician hasn’t checked the facts. Worse still, he fails to mention how much better off even the poorest have become these past few decades. Read more here.
WSJ: What Is CCAR?
By SIMON CONSTABLE
Over the next few weeks, the abbreviation CCAR, which stands for Comprehensive Capital Analysis and Review, is likely to crop up in news articles and online posts. It matters for anyone who follows the U.S. banking industry. Read more here.
Photo by Sharon McCutcheon on Unsplash
WSJ: Emerging Markets Have a Dollar Problem
By SIMON CONSTABLE
Emerging-markets stocks have been pummeled lately, and the strength of the dollar gets much of the blame.
“The dollar remains the single most important consideration for EM [emerging-markets] finances,” says a report from debt-ratings company Fitch. In general, a stronger dollar tends to mean lower stock prices in emerging markets. Read more here.
Saturday, June 2, 2018
Barrons: Tariffs Won’t Dent Steelmakers
By SIMON CONSTABLE
In boxing it’s considered unsporting to kick your opponent when he’s down. Apparently, not so in international trade.
Soon after last week’s Italian-inspired market wobbles, President Trump decided to pile on. As of Friday, imports of European-made steel and aluminum are subject to tariffs of 25% and 10% respectively. Read more here.
Steel tubing
Photo by Christophe Dion on Unsplash
Middle East Eye: Good as gold -- Turkey uses bullion to stabilise its economy
By SIMON CONSTABLE
Turkey’s economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold.
In late 2011, Turkey started to allow commercial banks to use gold instead of the Turkish lira for their required deposits at the central bank. These deposits are known as reserve requirements and help ensure that the banks are capitalised. Read more here.
Tuesday, May 29, 2018
WSJ: For Scientists Seeking Research Backing, Crowdfunding May Be the Answer
By SIMON CONSTABLE
Scientists struggling to find funding for research may have a new source of money: crowdfunding.
That’s the conclusion of a new study, which suggests that scientists who lack extensive published research may be better off gathering many modest contributions instead of pursuing large financial grants from traditional sources. Read more here.
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