Mitt Romney’s thumping victory in the Florida primary this week is bringing us closer to a Romney-Obama face-off in the autumn. While we do not know for sure if Romney will clinch the Republican nomination, if he does, we can already say what the central question in November will be: Is the United States one nation under God, or has it become a country where the government needs to secure a better deal for the 99 percent?
In an interview at the World Economic Forum in Davos, Bank of Canada Governor Mark Carney tells Chrystia that the implementation of the Volcker Rule in the U.S. will have unintended consequences in the international bond markets and that JPMorgan Chase chief Jamie Dimon is wrong to say that the Basel Committee’s decision to increase capital requirements is “anti-American.”
DAVOS, Switzerland–George Soros is a traitor to his class. That’s not an insult or a tabloid exaggeration. It is, instead, a direct quote from my conversation with the billionaire investor and philanthropist at the World Economic Forum here.
Among old Russia hands, the smart thing to say about Mikhail D. Prokhorov, the billionaire who is running for president, is that he is a puppet of the Kremlin. He’s not a real opposition politician, the argument goes, he is merely a liberal-sounding insider who has been given Prime Minister Vladimir V. Putin’s blessing to compete to make the race look more legitimate and to split the liberal vote.
As you may have heard, Chrystia has a new talk show on YouTube called the Freeland File. Each week, Chrystia and her guest roster of marquee policymakers, business leaders and thinkers will be providing commentary and analysis that illuminate the world’s most pressing issues.
The Internet is, of course, old hat. We are all getting used to social media, too — your grandmother probably has a Facebook account, and every CEO worth his salt, along with all the world’s would-be revolutionaries, is on Twitter. Mobile, once the new thing, is now taken for granted as part of the world’s hardware. In 2010, more than 4 billion people, or 60 percent of the world’s population, were using mobile phones. Twelve percent of them were smartphones, whose presence is increasing more than 20 percent a year.
Who knew Swedish finance could be so sexy? The late, great Stieg Larsson’s best-selling The Girl with the Dragon Tattoo — the Hollywood version hit North American theaters this week — was the first to tap into a hitherto undiscovered global fascination with Nordic number crunching.