Nov 20, 2014 14:24 UTC

London gets closer to harsh bonus cap reality

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By Dominic Elliott

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

London is nearing the stark reality of banker bonus caps. An adviser to the European Court of Justice on Nov. 20 struck down the UK’s legal arguments against a European Union law restricting variable compensation to a maximum of two-thirds of overall pay. If the court agrees with him, the practical consequence will be that banks will hike fixed salaries, and overall industry remuneration may stay higher than it should.

Nov 19, 2014 20:29 UTC

Activist row bigger than Keystone for TransCanada

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By Kevin Allison

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

A sparring match with an activist is a bigger deal for TransCanada than the company’s troubled Keystone XL pipeline. The proposed $8 billion conduit of tar-sands oil from Alberta to Texas failed to muster enough votes in the U.S. Senate on Tuesday night. But even if the long-delayed project dies, the lost value could pale next to the extra lucre a New York hedge fund thinks shareholders would reap from a breakup of the $35 billion company.

Nov 18, 2014 20:13 UTC

Rob Cox: Good news for guns is bad for gunmakers

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Two days after the U.S. midterm elections on Nov. 4, National Rifle Association Chief Executive Wayne LaPierre crowed about the success his group achieved in helping Republicans take control of the Senate and getting pro-gun candidates elected nationwide, effectively putting a bullet in legislative attempts to enact new federal controls on firearms.

COMMENT

“Their problem is that weapon sales are driven by fear.”

Duh. That’s why they have the NRA. Which has basically become a partisan dealer lobby and giant turd-stirring machine to drum up business.

Posted by AlkalineState | Report as abusive
Nov 14, 2014 15:17 UTC
Edward Hadas

Euro zone stuck between health and healing crisis

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By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

If the euro zone economy were in truly dire condition, someone might do something dramatic. In fact, gross domestic product in the third quarter increased by a paltry 0.2 percent. That is not healthy, but neither is it bad enough to convince governments or central bankers to take the risks of a radically new approach to fiscal, monetary or regulatory policy.

Nov 12, 2014 08:24 UTC

Japan index: Tightening the purse strings

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By Katrina Hamlin

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Unexpected growth in manufacturing output helped our alternative economic index to a new high in September. But it wasn’t enough to lift consumers: stagnant wages and higher sales taxes left spending in the doldrums. No wonder the central bank decided to ramp up bond purchases.

COMMENT

please explain how giving billions to currency traders and bankers helps the average person. Bond buy and ramping stock market actually hur people

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Nov 10, 2014 07:18 UTC

Obama and Xi compete to put the “I” in “APEC”

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By John Foley 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

There is no “I” in “APEC”. Yet the leaders of China and the United States are both using the Beijing round of the Asia-Pacific Economic Co-operation this week to push their own agendas. Using the global stage to play domestic political games leaves room for dangerous mistakes.

Nov 7, 2014 13:19 UTC

Only Putin can stop rouble’s fall

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By Pierre Briançon

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The rouble is down 28 percent since the beginning of the year. The Central Bank of Russia has not been able to cushion the fall against its chosen dollar-euro reference basket. It is not at fault.

Nov 6, 2014 06:05 UTC

China’s next GDP goal: trash the target

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By John Foley

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s days of picking a number for GDP growth and moulding the economy to fit are probably over. At the same time, its planners still seem wedded to symbolic statistical goals. Targeting a range for national output, rather than any single figure, would be an elegant way to square the circle.

Nov 4, 2014 12:59 UTC

End of U.S. QE is actually good for world economy

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It’s long been the big question. What happens when U.S. Federal Reserve quantitative easing ends? Central bankers may find the answer troubling. Ending the Fed’s injections of freshly created money could well prove difficult for addicted investors and the wealthy, but good for global consumers, especially the poor, and for global growth.

COMMENT

Typo: My reference to the big commodities consumer was to China.

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Oct 31, 2014 15:46 UTC

Draghi can only dream of moving like BOJ’s Kuroda

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By Swaha Pattanaik

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

It is the stuff of dreams for President Mario Draghi. The European Central Bank chief can only fantasise about pushing through policy decisions with a one-vote majority, as Bank of Japan Governor Haruhiko Kuroda did on Friday. The euro zone economy is the poorer for his inability.