In The News

Trump’s Visit in India: CNN

Kevin Liptak February 29, 2020
US President Donald Trump concluded a two-day visit in India, receiving an impressive welcome but leaving the country without concrete announcements on trade or security. Despite the close friendship between Trump and Indian Prime Minister Narendra Modi, the president said that disagreements on tariffs and deficits wouldn’t be resolved shortly. Hours before Trump landed in India, riots over...

When China Sneezes: Project Syndicate

Stephen S. Roach February 26, 2020
Cases of the new coronavirus, confirmed in more than 30 countries, strikes when the global economy is already vulnerable and many countries struggle with debt, stagnant growth, reduced industrial output and job creation. COVID-19 has triggered an unexpected disruption to supply and demand. China is at the center of global value chains, explains Stephen S. Roach, an economist based at Yale...

UK Chlorinated Chicken Ban? Guardian

Daniel Boffey and Jennifer Rankin February 25, 2020
European consumers and farmers express disdain for chlorinated chicken, a treatment that prevents bacterial contamination “The EU will demand that the UK maintains a ban on chlorinated chicken as the price for a trade agreement with Brussels, in a move that protects European meat exports and creates an obstacle to a deal with [the US],” reports the Guardian. A clause in the EU’s proposal would...

NBA Financial Hit From China: Wall Street Journal

Ben Cohen February 23, 2020
A Houston Rocket basketball executive tweeted support for the Hong Kong protests in October, upsetting the close relationship between China and NBA. The fallout could result in a financial hit for NBA. The NBA commissioner suggests the loss may reach $400 billion in response to speculation that the total could be $1 billion. Disturbed by the NBA’s support for free speech, China stopped...

COVD-19 Cuts Luxury Retail Sales: New York Times

Elizabeth Paton February 20, 2020
The shopping boulevards in London, Paris, Dubai and other cosmopolitan cities, once crowded with enthusiastic Chinese shoppers, are near empty due to the outbreak of novel coronavirus. The coronavirus has placed more than 50 million people under quarantine in China, and 70 other countries imposed travel and visa restrictions for Chinese tourists. Meanwhile, the global luxury goods industry, which...

Quarrels in the EU Over Meat Promotion: DutchNews.nl

February 16, 2020
The European Union is under constant pressure to enact best practices for the bloc regardless of cultural differences. Dutch officials question the need for EU subsidies to promote meat consumption amid growing health and environmental concerns. “The EU has spent some €60m promoting meat since 2017, in direct contradiction to Dutch efforts to cut meat consumption on health grounds, according to...

Global Economy Without Cushion: Project Syndicate

Stephen S. Roach February 6, 2020
Global recessions are rare, but the world may have dodged one in 2019. The world posted GDP growth of 2.9 percent that year, far below the average 3.5 percent posted since 1980. Deviations from the trend signal a warning even for strong economies and corporations, suggests economist Stephen S. Roach with Yale University. “Unlike individual economies, which normally contract in an outright...