Category: Business Columnists

Intel and Tesla Struggle to Balance Ethics and Profit in China

News Analysis Many multinational companies in China are in a dilemma. They find it almost impossible to maintain moral and ethical norms while appeasing Beijing in order to make money in China. Intel and Tesla are two prominent examples. Despite kowtowing to Beijing, Intel and Tesla have been recently suppressed by the Chinese Communist Party…


The FAA Clears the 5G Runway but These Telcos Stay Grounded

Commentary 5G is finally cleared for take off. “Federal safety regulators say they have cleared the way for Verizon and AT&T to power up more towers for new 5G service without causing radio interference with airplanes.” After being stuck in a holding pattern because of concerns about the radio spectrum that 5G uses was deemed…


Inflation: A Story From Argentina on How Bad It Can Get

Commentary Last week, we gave a fair hearing to the arguments made by people who believe that the current high inflation rate is transitory and that we’ll be back to some version of “normal” by the end of the year.  This week, we’re going to explore what happens when conditions become worse than anyone expects. I’m writing this…


Russia’s Only Financial Partner Is China

Commentary It’s clear that a new economic and political partnership has formed between Russia and China. While Russia’s tiny economic footprint is a little threat to the United States, Russian President Vladimir Putin’s ambitions are fueled by China’s support, both financially and politically. According to official data from the World Bank, the gross domestic product…


We’re From the Government, We’re Here to Help

Commentary Another day, another government handout. The United States has become an economy that is addicted to cheap money. Subsidies for businesses are wrong. Period. Full stop. And yet another word has recently made its way into our vocabulary … the Public-Private Partnership (otherwise known as a P3). In truth, P3s are not new. They’ve existed…


The New World Order of Economic Policy

Commentary I’m not one to subscribe to conspiracies. But it sure seems strange how we got here. Just over a decade ago, Hank Paulson went to Congress and asked for a “bazooka-sized” bailout to calm global financial markets. They came up with a $700 billion price tag. At the time, a number of that size…


The Crisis Neither Biden nor the Fed Can Fix

Commentary Supply chain disruptions arising from the COVID-19 lockdowns have crippled the shipment of goods of all kinds around the world. Everything from toilet paper to cleaning products to antibiotics to household appliances have been struggling to get to their final destination. A poll run in October 2021 indicated that 54 percent—over half—of Americans were…


SWIFT Invades Your Privacy but Lets Putin Invade

Citing European opposition, President Joe Biden has balked at isolating Russia from the Belgium-based Society for Worldwide Interbank Financial Telecommunication (SWIFT), used by thousands of banks around the globe, as part of the response to Russian President Vladimir Putin’s invasion of Ukraine. SWIFT was established out of resentment toward American international financial dominance; before the…


Has the Market Been De-FAANG’d?

Commentary Wall Street loves acronyms nearly as much as the United States military, so it was inevitable that some wag–reportedly CNBC stock picker Jim Cramer–came up with “FAANG” to mean Facebook, Apple, Amazon, Netflix, and Google somewhere around 2013. Of course, the FAANG acronym is now obsolete, given that Facebook has become “Meta” and Google has…


The War on Savers Rages On—Even as Rates Rise

Commentary The Fed is about to embark on an epic quest. Like Siegfried’s battle to slay Fafner, the Federal Reserve is about to enter an epic battle with the inflation dragon. The big questions the market has been dealing with are “how many” and “how much”—as in how many increases will they have to make…