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: Taro Saito at NLI Research Institute said the latest economic report reflects a pretty bleak picture of Japan’s economy. Jeff Kingston at Temple University Japan said Abe is fortunate enough to be up against a politician who is extremely uninspiring and who represents a party not ready
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: Fareed Zakaria said: Russia is a great power in decline accounting for only 3.4% of global GDP versus China’s near 16% and almost 4 x Japan’s and 5 x Germany’s. China’s very different approach to foreign policy constitutes the most significant and dangerous shift in international politics
READ MORE... →Salient to Investors: William Emmons at FRB St. Louis said: Americans born between 1928 and 1945 have become the richest old generation ever by benefiting from improved health, a more generous social safety net, an exit from the job market ahead of the past recession, rebounding stock and home values, and
READ MORE... →Fareed Zakaria said: The White House has no real solution for Syria. There is no prospect of working with the Republicans on any major domestic policy. The greater threat to global peace and prosperity over the next decades comes from the rise of China and not from IS. Americans believe
READ MORE... →Salient to Investors: Fareed Zakaria said: Tunisia is more developed, more urban, more literate, and more globalized than Egypt, and has a more diverse civil society, stronger labor unions, civic associations, professional groups. Tunisia’s relative success suggests there is nothing inherent in Islam or Arab society that makes it impossible
READ MORE... →Salient to Investors: The price gap between regular and premium gasoline is at the widest since 2008, caused partly by the supply of shale oil, which is more easily turned into low-octane gasoline. John Auers at Turner Mason said foreign oils produce high-octane fuel better. Patrick DeHaan at GasBuddy Organization said
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