…ent, and it forms a brutal form of capitalism that is really about creating wealth and creating value for a very small subset of people. And it doesn't spread the tremendous value creation throughout broader distribution patterns that were seen really in the 20th century. The sec...
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…ent, and it forms a brutal form of capitalism that is really about creating wealth and creating value for a very small subset of people. And it doesn't spread the tremendous value creation throughout broader distribution patterns that were seen really in the 20th century. The sec...
BREAKING DOWN DEMOCRACY: Goals, Strategies, and Methods of Modern Authoritarians outcome of elections. They need to hold votes to vali- date their rule, but they also recognize the risk involved, as elections remain a potent instrument of democratic renewal even in deeply troubl...
UK equities FTSE 100 (27 June): 5,524 (last month: 5,266) UBS View FTSE 100 (6-month target): 5,785 e We continue to like UK equities relative to global ones. An expected improvement in the global economy over the coming quarters should support UK companies as 70% of revenues a...
…with the political and policy vision of its leader. CHINA LEADING THE REFORM OF GLOBAL GOVERNANCE Fourth, the sharpest substantive new development to emerge from the 2018 Foreign Policy Work Conference is what is says about global governance. In the 2014 Work Conference, Xi refer...
…estments (in 2009 dollars) for new construction Coal 316,800 1,847 45.4% 67% $95 - $110 Abundant and cheap, but with a substantial range of environmental problems Natural gas 407,028 988 24.3% 28% $60 - $70 Capacity factors understate potential utilization Nuclear 101,167 807 19....
…e much more to open serious negotiations on the Syrian front—and here negotiation is the right paradigm–and there is a substantial record to build upon. If Syria were also on track to achieving a peace agreement with Israel—the terms of which are much easier to define than they a...
Asian equities (ex-Japan) MSCI Asia ex-Japan (27 June): 469 (last month: 466) UBS View MSCI Asia ex-Japan (6-month target): 515 ¢ The region continued to show high volatility last month, with its P/BV temporarily close to 2008 lows. ¢ Hong Kong and Singapore markets’ domestic fu...
Emerging market equities MSCI EM (27 June): 913 (last month: 907) UBS View MSCI EM 6-month target: 1,000 ¢ Currency weakness hurt emerging market (EM) equity performance in US-dollar terms year-to-date. We expect EM FX to appreciate against the USD from current levels over a six...
…l. Preferences (6 months) underweight USD EUR GBP JPY CHF SEK NOK CAD NZD AUD neutral overweight Bnew old Source: UBS CIO WM Glebal Investment Office ba UBS For further information please contact ClO asset class specialist Thomas Flury, thomas.flury@ubs.com 30 Please see i...
…loc, which had refused Maliki's request for suggestions to replace Issawi and other Sunni politicians, has put forth a substitute finance minister. These efforts, ostensibly toward political resolution, actually increase the likelihood of sectarian war by continuing the marginali...
10.5 How Might the Mind-World Correspondence Principle Be Useful? 181 That is, a little more loosely: the hypothesis is that, for intelligence to occur, there has to be a natural correspondence between the transition-sequences of world-states and the corresponding transition-seq...
…orld’s first competitive power pools being rolled out in the UK in the early 1990s. While based in Asia, Jos Shaver led UBS’ Asian utility industry group and had the privilege of working with Lord Howell when UBS acted as advisor to the State Power Corporation of China on the res...
180 10 A Mind-World Correspondence Principle tion graph. Given two world-paths P and Q, it’s obvious how to define the composition P*Q one follows P and then, after that, follows Q, thus obtaining a longer path. Similarly for mind-paths. In category theory terms, we are constru...
…CONTACT US China Daily 15 Huixin Dongjie Chaoyang, Beijing 100029 News: +86 (0) 10 6491-8366; [email protected] Subscription: +86 400-699-0203; subs[email protected] Advertisement: +86 (0) 10 6491-8631; [email protected] Phone app: chinadaily.com.cn/iphone China...