Your Daily Scan of the New Global Economy

Day

November 8, 2019
The Bank Stress Test We Really Need Your normal weekend editor is away today. Which has turned out to be a good thing. Because I discovered this week, I have a whole lot to say when it comes to Aussies banks. I mean, who knew something as crucial as a credit-driven economy could take up...
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With Drug Pricing, Bipartisanship Isn't an Excuse to Violate the Laws of Economics In an age of intense political polarization, some may assume anything that House Speaker Nancy Pelosi and President Donald Trump even marginally agree on has to be a good thing. But when it comes to the issue of prescription drug prices, this...
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CEI Urges Opposition of S. 2754, the "American Innovation and Manufacturing Act of 2019" In response to the introduction of this bill, CEI Senior Fellow Ben Lieberman said:  “Just like the Green New Deal, S. 2754, the “American Innovation and Manufacturing Act,” will boost costs for millions of Americans in the name of addressing climate...
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Italian Court Convicts Ex-Deutsche Bank Staff in Derivatives Case Three banks and 13 defendants were charged over deals that prosecutors said helped Monte dei Paschi, the world’s oldest bank, hide big losses. Posted: November 8, 2019 5:30 pm by NY Times
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Interview with Mikhail Gorbachev: 'It Was Impossible To Go On Living Like Before' In a DER SPIEGEL interview, former Soviet Union President Mikhail Gorbachev speaks about the fall of the Berlin Wall, why perestroika was unavoidable and the present-day relationship between the West and Russia. Posted: November 8, 2019 4:00 pm by SPIEGEL Online
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Interview with Robert Kagan: Permanence of Liberal Democracy 'Is an Illusion' Prominent U.S. conservative Robert Kagan warns that it is time for Europe to “grow up.” In an interview, he talks about Trump’s stance on foreign policy, the crumbling liberal democratic consensus and the precarious future of Germany and the EU. Posted: November 8, 2019...
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More Dictator Than God: Kim Jong-Un's Cult of Personality Is Going Strong Doug Bandow Key point: North Koreans have faced a severe level of psychological indoctrination. , North Korea without doubt is unique. If nothing else, its claimed accomplishments rival the faux Russian achievements cited by Pavel Chekov in the original Star Trek. Yet only the...
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Saudi mall operator Arabian Centres hires banks for debut dollar bonds Saudi Arabian mall operator Arabian Centres Company has hired banks to arrange a debut issuance of a dollar sukuk, or Islamic bonds, a document showed on Friday. Posted: November 8, 2019 12:33 pm
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City Wasting Money on Buses Few Residents Ride Randal O’Toole VIA, San Antonio’s transit agency, is in trouble. According to Federal Transit Administration data, the agency has spent tens of millions of dollars of your money to increase transit service by 17 percent since 2012, yet transit ridership (measured through the end of fiscal year...
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Corruption and Cruise Ships: Montenegro's Scenic Coast Spoiled by Greed Montenegro is the only country in the world to describe itself as “ecological” in its constitution. But the exploitation of its Adriatic coastline, where developers are given free rein, tells a different story. Posted: November 8, 2019 12:00 pm by SPIEGEL Online
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