The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Edward Hadas:
Vehement domestic opposition to a government agency that finances trade is a distinctly American phenomenon. But the misunderstanding of economic reality which underpins the arguments against the U.S. Export-Import Bank is widespread, not confined to zealots like the Tea Party wing of the Republican Party.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Prime Minister Narendra Modi’s trip to the United Arab Emirates (UAE) last month was important in many ways, not least because it was the first visit to the gulf country by an Indian premier in 34 years.
If the most populous country in the world, as well as the largest consumer of raw materials, starts shying away from imports, that means global demand and, by extension, the world economy is taking a real hit.
Companies in the 21st century can learn from 13th century England. Overmighty, overpaid CEOs are the new King Johns held to account, sort of, by the barons of fund management. What’s needed is more respect for finance’s neglected yeomanry: ordinary savers. Financial fiefs should be subjected to a modern Magna Carta.