We may see some fireworks in US-China relations during the Trump administration. With respect to trade, President-elect Trump can use any one of six US statutes, including the Trading with the Enemy Act of 1917 and the International Emergency Economic Powers Act of 1977, to shif...
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cancer. May William Cox Jr., 82. The patriarch of the Bancroft clan that for 105 years controlled New York-based Dow Jones & Co., publisher of the Wall Street Journal, who helped persuade the extended family to sell the company to Rupert Murdoch’s News Corp. in 2007. Died on Ma...
starring in the hit TV show “Glee.” Died July 13 of a drug overdose. Herbert Allison Jr., 69. He was the former president of Merrill Lynch & Co., chairman and CEO of TIAA-CREF, CEO of Fannie Mae and led the U.S. government’s bank bailout program. Died July 14. Neal McCabe, 60...
… narrative. As well, he could turn him off, and Bannon would be tactically quiet until turned on again. Kushner had neither Bannon’s policy imagination nor Priebus’s institutional ties. But, of course, he had family status, carrying its own high authority. In addition, he had bi...
… Foxman and David Carey (Bloomberg) -- Leon Black recently posed a question whose answer will determine how profitable the new U.S. tax regime could make Wall Street firms like his Apollo Global Management LLC. Publicly traded partnerships, such as Apollo, are taxed differently...
Calestous Juma, international development professor at the Kennedy school of government and a nominator, judge and promoter of new types of prizes, sees awards as part of a complex ecology of financing innovation that includes many other instruments. He believes there should be m...
We do not believe this tightening cycle will lead to a US recession in 2017. could derail the last innings of this recovery and bull market. The first three are low-probability risks in our view, the next three risks have a high probability of occurring but their impact is unce...
dictators or military strongmen. Then, in his telling, he was representing a series of vastly wealthy people and families—not just doing their bidding or their investing, but helping them to navigate the ambitions of their wealth. If they had big dreams before, it’s nothing to wh...
whose turf, that, when they want to see Epstein, they tend to come to him. He’s created a world and you enter it. His conversations are less meeting-like—focused and agenda-driven—then narrative. In effect: the outside world comes to Epstein’s and he eagerly solicits reports. It...
… may include investments no longer owned in current or closed accounts. Current performance may be lower or higher than the performance data quoted. To request the most current or historical performance data, or asset classification schema information, please contact your PWM tea...
He is hardly alone in making it. Numerous journalists have published books and articles retracing the paths that led the world economy to the precipice two years ago. The deregulation of the financial services industry in the 1980s and ’90s; the growing popularity of complex and...
GDP growth by about 0.7 percentage point, similar to their estimate reported in our Outlook last year. Of course, not all experts believe that there is a mismeasurement problem. Notable among them is Chad Syverson of the University of Chicago, who raises four points in making thi...
Key financial market driver 2 - US policy Key questions e Will the economic outlook deteriorate? Will QE3 become necessary? e How will the election outcome change fiscal policy deliberations? © Can politicians find an agreement to avoid sharp fiscal contraction in early 2013...
…co are not “killing us” By Fareed Zakaria, Thursday, September 17, 2015 Donald Trump’s presidential bid is centered on the promise of his personal talents. He says he’s the “most successful person ever to run for the presidency, by far.” (George Washington and Dwight Eisenhower,...
president’s part. The daily discussion among senior staffers, those still there and those now gone—all of whom had written off Tillerson’s future in the Trump administration—was how long General Kelly would last as chief of staff. There was something of a virtual office pool, an...