Salient to Investors: Zanny Minton Beddoes at The Economist said: The economy’s fundamental drivers, particularly rapid technological change, means that the rewards disproportionately go to the top. The latest IMF research suggests that you get stronger and more lasting economic growth in societies that are more equal. The last time
READ MORE... →Salient to Investors: Fareed Zakaria said: Negative foreign policy is about preventing bad things from happening, confronting dangers and dealing with bad guys. Positive foreign policy is about building new relationships, expanding markets and opportunities, strengthening alliances and values. India will be the next global Goliath, though not as fast growing
READ MORE... →Salient to Investors: Fareed Zakaria writes: New studies suggest that American innovation is in trouble and that the glittering examples of Facebook et al are deceptive. We are eating the seed corn and not laying the groundwork for the next great tech revolutions. Silicon Valley’s roots are deeply tied to government
READ MORE... →Fareed Zakaria said: It is the big, contentious democracies, Britain and the US, that have prevailed in the world, not Nazi Germany, Imperial Japan and the Soviet Union. No organization has ever benefited from being able to be the sole judge of its own performance. Ruchir Sharma at Morgan Stanley said:
READ MORE... →Salient to Investors: The longest-dated Treasuries yield less than half the 6.8% average over the past five decades but are in line with the norm for the prior half-century. David Jones said the notion that Treasury yields are too low is shaped by players who began their careers in the wake
READ MORE... →Salient to Investors: The OECD said: Widening inequality creates a drag on economic growth that can be counteracted by tax policies to benefit the less well-off. Changes in wages and salaries have been the biggest direct driver of inequality. The earnings of the 10% best-paid workers have risen relative to the
READ MORE... →Salient to Investors: Fareed Zakaria said: The Department of Defense cost overruns on one weapons system are more than the total defense budget of Britain and France put together. The US spends more on defense than the next 8 nations put together including China and Russia. Since 9/11 America has been
READ MORE... →Salient to Investors: Fareed Zakaria said: All through history, humans have advanced when they have been able to work together. Matt Ridley said human progress took off when human beings began exchanging things, ideas, skills, goods, services. Teamwork is the most crucial skill and yet education is mostly about solo performances.
READ MORE... →Fareed Zakaria said: Terrorism is rising around the globe, but nothing to panic over. The genius of America is alive – Washington may be paralyzed and polarized, but mayors and governors are ignoring party lines and partnering with the private sector to make reforms and investments for future growth. The
READ MORE... →Salient to Investors: The median economist expects the jobless rate by June 2015 to be very near the 5.2%-5.5% range considered full employment, while the Fed’s preferred inflation gauge will not have budged from its current 1.4%. 27 of 50 economists say unemployment at 5.5% or lower would prompt the Fed to
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