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.

Oct 31, 2014 06:15 UTC

Hong Kong protests lay minefield for business

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By Una Galani

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

Hong Kong’s protesters have laid a minefield for big business. The city’s democracy debate is a deeply divisive issue. For companies, keeping quiet is less risky than expressing an opinion guaranteed to irk customers and staff or strain relations with Beijing. It’s even harder for individual employees who must tread a blurry line between free speech and corporate interests.

Oct 30, 2014 17:43 UTC

Tim Cook’s pride may expand corporate talent pool

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

Tim Cook’s pride may expand the corporate talent pool. The Apple chief executive’s decision to speak publicly about being gay should help advance the slow march toward acceptance. As boss of the world’s biggest company by market value, Cook could inspire others, giving C-suites and boardrooms more choice. They need it.

Oct 30, 2014 17:23 UTC

REIT scandal could be good test for Sarbanes-Oxley

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By Reynolds Holding

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

A scandal at one of America’s biggest real-estate investment trusts could be the perfect test for the Sarbanes-Oxley Act. American Realty Capital Properties’ stock tanked nearly 20 percent on Wednesday after the company said mistakes in its financial statements were intentionally left uncorrected. That sounds tailor-made for a case under the often-ignored law inspired by Enron, WorldCom and other accounting debacles.

Oct 28, 2014 06:23 UTC

Hong Kong protests reach polite impasse

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By Peter Thal Larsen

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

The most surprising thing about Hong Kong’s pro-democracy campaigners is that they are still there. A month after a small group of students stormed a space outside the government’s head office, the protests now known as the “umbrella movement” have confounded predictions of chaos, apathy or a violent crackdown by China. Though a compromise on democratic reform remains as distant as ever, Hong Kong’s mostly civil activists have changed the city’s political geography for good.

Oct 24, 2014 16:32 UTC

Review: World needs agreed ground rules for peace

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By Martin Hutchinson

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

Henry Kissinger argues in “World Order” that the world needs agreed ground rules as a precondition for achieving peace. The prevailing approach in the West, derived from the 1648 Treaty of Westphalia, of nation states with limited conflicts isn’t reflected in the traditions of emerging nations like China or India. However the 1814 Vienna Congress’s innovation of allowing intervention of great powers only to protect stability might work better.

Oct 23, 2014 06:24 UTC

Robots may spell “Control-Alt-Delete” for workers

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By Andy Mukherjee

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

Human beings can never run out of work. Adam Smith held that cheery view, and so far he has been proved right. But can the invisible hand match up to the robotic arm? About 47 percent of existing U.S. jobs are at risk from computerisation, according to an Oxford University study published last year. If wage incomes were to disappear in a short time, the results could be cataclysmic for prosperity and peace.

COMMENT

If true, there will be a large upper class and large lower class, not much middle class. Lower class will find jobs giving the rich massages, sex, and butlers.

Hopefully robots will take over fast food and fruit/vegetable picking SOON. That’ll end the liberal politicing over them.

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Oct 21, 2014 07:18 UTC

Hong Kong tycoons can be part of protest solution

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By Una Galani

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

Hong Kong’s tycoons could be part of ending the standoff with pro-democracy activists. The city’s business leaders have an outsize influence over local politics. Relaxing their grip on special corporate votes could ease divisions over electoral reform as well as tensions over rampant inequality.

Oct 20, 2014 07:38 UTC

Abenomics hits a speed bump, not a road block

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By Peter Thal Larsen

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

Shinzo Abe’s plan to lure more women into the Japanese workforce just suffered a symbolic but high-profile setback. Two female ministers resigned on Oct. 20 just two months after they were elevated in a cabinet reshuffle. It’s another headache for the current Japanese prime minister, who is already grappling with stuttering economic growth. Yet some of his other reforms are moving ahead.