…h reason to change our investment allocations, and remain medium-term overweight both credit and equities against cash, government debt, and commodities. We do so on the basis of value – still high risk premia – fading risks on fiscal policy in the US into next year; an expected...
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…profits recovery, given its negative impact on spending; the political divide in Congress over how to deal with falling government revenue and rising entitlement spending; inflation risks in Asia and Latin America and the resulting need for more policy tightening; and the mixed t...
…rdinary Americans. Their “legend,” or operational cover, could be thin since they would not be applying for jobs in the government. Their job was simply blend in with their community until they were called upon by the “American” department in Moscow to service a mole that had bee...
…the success of the cooperation,” Huang wrote.*! Books from the series are still given to foreign guests of the Beijing government. In a period of deep crisis for China’s reputation, Huang’s success in using foreigners to publish material beneficial to China’s image became a mo...
…orce One in July 2017 as the news broke about Donald Trump Jr-s meeting in Trump Tower during the campaign with Russian government go-betweens offering dirt on Hillary Clinton. During the flight back to the United States after the G20 summit in Germany, Hicks and Raffel aided the...
…an avoid a financial crisis over the next three years. In prior years, we have pointed to China’s high savings rate and government control of many aspects of the economy as reasons for its ability to avert a hard landing. However, the country’s debt levels have risen rapidly, the...
…n of its revenues from the Macau Special Administrative Region, reportedly delivered a request on behalf of the Chinese government to the American president that a Chinese dissident be deported from the United States and sent back to China. O’Keeffe, Kate, Aruna Viswanatha, and C...
…equest is of widespread and exceptional media interest and the information sought involves possible questions about the government's integrity which affects public confidence. Specifically; the issue of whether Mr. Epstein’s wealth and connections secured him favorable treatment...
Francis J. Kelly Managing Director & Global Coordinator, Public Affairs Head, Government & Public Affairs — North and South America Frank Kelly is Global Coordinator for Public Affairs as well as head of Government & Public Affairs for North and Latin Americas. In this role, he...
…rt and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by one percen...
…problem. The Dubai model is a mixture of social freedom, unbridled immigration, and raw capitalism. It is overseen by a government that is one of the world's least democratic. This is no accident. Dubai avoids both elections and the Arab obsession with politics, especially the sy...
…e doing to try to come up with a plan? Motta was immediately summoned back to Jerusalem for an emergency meeting of the government. As he was on his way back from there to the Airya, Kuti called me back down to his office. “Motta just told them that there is a military option,” h...
…ng to a person familiar with the matter. Broidy’s attempts to solve high-level headaches for the Chinese and Malaysian governments were first reported this spring by the Wall Street Journal and the New York Times, which cited in part a cache of hacked emails. Broidy has said th...
…pound GDP: gross domestic product GFC: global financial crisis GIR: [Goldman Sachs] Global Investment Research GPIF: Government Pension Investment Fund GSCI: Goldman Sachs Commodity Index IGFI: Investment grade fixed income IMF: International Monetary Fund ISIL: Islamic Stat...
… flurry of regulatory announcements last week signaled the political tide has turned in the U.S. Across every branch of government, the message was consistent: the U.S. no longer trusts tech giants to self- police. And the public agrees—according to a Gallup poll last month, 79%...