Canada's population spread:
Pakistan, Canada, Philippines, Japan, Venezuela, Netherlands
Marc Ross Daily
March 1, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
Marc Ross Daily = News + Analysis at the Intersection of Globalization + Disruption + Politics
✔️ Japan grows nervous about the US
✔️ Russia vows to continue support for Venezuela
✔️ The MBA myth and the cult of the CEO
✔️ This is what peak car looks like
✔️ MA bill would ban tackle football until after seventh grade
WSJ: Pakistan to release captured Indian pilot, easing tensions
Chinese factories: Factory activity in China has been plummeting thanks to falling export orders. The latest PMI figures suggest activity has now contracted for three straight quarters, and is now at a three-year low.
US readies final China trade deal as hawks urge caution: Bloomberg reports, debate continues in Washington over whether to push Beijing for more concessions.
Reuters: Trump warns he could abandon China trade deal as advisers tout progress
Huawei’s Meng Wanzhou retreats from public eye in Vancouver: FT reports, founder’s daughter is under house arrest awaiting an extradition hearing to the US.
Canada seen approving extradition hearing against Huawei executive: Reuters reports, Canada is likely to announce on Friday that an extradition hearing against a Huawei Technologies Co Ltd executive can proceed, legal experts said, worsening already icy relations with Beijing.
MSCI hands Chinese stocks bigger role in global markets: FT reports, the decision by the index provider could send up to $125bn into the Chinese market.
Reuters: Pompeo says world should have eyes wide open about Chinese tech risks
Pompeo pledges to defend Philippine forces in South China Sea: WSJ reports, the Philippines shelved a planned review of its military alliance with the U.S. in return for a verbal commitment that American forces would defend the country’s vessels in the South China Sea, removing a major irritant between the longstanding partners.
Robert Kaplan: Japan grows nervous about the US: It fears China’s advance, America’s retreat, and South Korea and Taiwan becoming compromised. https://on.wsj.com/2EpHivV
France, Netherlands seek to douse Air France-KLM controversy: DW reports, the French and Dutch finance ministers have met amid tensions over the Netherlands' move to increase its stake in the airline. The share purchase had sparked concerns of a tug of war between the two governments.
Air France-KLM shows Dutch taste for French statism: FT reports, Dutch state stake in airline shows rise of industrial nationalism in EU.
The Times: US aims to include chlorinated chicken in UK trade deal
The United States has indicated that it will push to get food including chlorinated chicken and hormone-fed beef on to British supermarket shelves under a post-Brexit trade agreement.
AFP: Russia vows to continue support for Venezuela, including with aid
NYT: As Huawei’s influence in Canada grows, some fear spying. Others just want fast internet.
Trudeau’s party is behind him for now after bombshell testimony: Bloomberg reports, the Canadian prime minister plowed ahead Thursday after his former attorney general alleged, in explosive testimony aired on national television, that he interfered in the justice system by pressing to end a criminal case against an iconic Quebec construction firm. Speaking to reporters in Montreal, Trudeau insisted again his government had every right to consider the job losses that could result from a guilty verdict for SNC-Lavalin Group Inc.
This Giant Beast That is the Global Economy official trailer: From the director of The Big Short and Vice and executive producer Will Ferrell comes an 8-part globe-spanning exploration of the most compelling topics impacting the global economy. Through the curious mind of host Kal Penn, see firsthand all the surprising ways the economy interconnects and impacts the lives of people all over the planet. Watch here: https://amzn.to/2ElBYcZ
Dan Rasmussen + Haonan Li: The MBA myth and the cult of the CEO: Three decades ago, an influential Harvard Business School professor made the argument that CEO pay should be tied to stock performance. Was he horribly wrong? http://bit.ly/2T8iSkG
"What if the “best and brightest” — those executives with the most dazzling CVs and track records — don’t perform any better than less credentialed executives?"
The Times: Polymaths wanted at London Interdisciplinary School, Britain’s first new university in 40 years
LIS is building a new university that prepares students to tackle the most important and complex problems.
For those who want to shape the world, not just fit in.
Dopamine: Beyond the rush of a reward: The neurotransmitter famously provides the thrill we get from a surprise, a phenomenon known as reward prediction error. But growing evidence suggests the chemical also tracks movement, novelty and other neurobiological factors. http://bit.ly/2T79o9i
The NFL is drafting quarterbacks all wrong: No franchise or GM has shown the ability to beat the draft over time, and economists Cade Massey and Richard Thaler have convincingly shown that the league’s lack of consistent draft success is likely due to overconfidence rather than an efficient market. https://53eig.ht/2TbPyKs
Email message I received from Google: "March 1–2 is National Day of Unplugging. So unwind and take a break from the screen. When you return, check out these apps that boost digital wellbeing."
David Welch + Keith Naughton: This is what peak car looks like: The automobile—once both a badge of success and the most convenient conveyance between points A and B—is falling out of favor in cities around the world as ride-hailing and other new transportation options proliferate and concerns over gridlock and pollution spark a reevaluation of privately owned wheels. Auto sales in the U.S., after four record or near-record years, are declining this year, and analysts say they may never again reach those heights. Worldwide, residents are migrating to megacities—expected to be home to two-thirds of the global population by midcentury—where an automobile can be an expensive inconvenience.
Garrett Graff: 5 key takeaways from Michael Cohen's prepared testimony to Congress http://bit.ly/2T5m9kJ
"The Trump Organization was a small family business—and the campaign was run like one. There were few serious executives or players either not named Trump or, in Jared Kushner’s case, married to one—and in terms of the Trump Organization, perhaps the only two meaningful staffers not named Trump, Cohen, and CFO Allen Weisselberg are both cooperating with investigators. It’s never seemed all that believable that Paul Manafort, Don Jr., and Jared Kushner—three central figures who were with him every day, people who were in constant contact with him and in constant competition for his affection and gratitude—would have hosted a meeting a meeting in Trump Tower, the building where the candidate lived and worked, with Russians promising gifts and not mention it either before, during, or after."
Peggy Noonan: Michael Cohen makes history: There’s no precedent for such an attack on the essential nature of an American president. https://on.wsj.com/2EpHnQf
NYT: Trump ordered officials to give Jared Kushner a security clearance
Trump overruled concerns from intelligence officials and the top White House lawyer about giving his son-in-law access to sensitive information, four people briefed on the matter said.
Democrats vow to investigate White House security clearances: FT reports, top lawmakers show concern over report of Trump intervention for son-in-law Jared Kushner.
Holman Jenkins: The media will re-elect Trump: They would rather believe tall tales about Russia than hear what voters said in 2016. https://on.wsj.com/2ElznzQ
LAT: Democrats, facing a big candidate field, ask: Who is most electable over Trump?
Election 2020: Washington Gov. Jay Inslee enters 2020 presidential race
Jay Inslee is a fourth tier candidate.
Election 2020: Crystal Ball Electoral College ratings:
-- Crystal Ball's initial Electoral College ratings reflect a 2020 presidential election that starts as a Toss-up.
-- Crystal Ball starts with 248 electoral votes at least leaning Republican, 244 at least leaning Democratic, and 46 votes in the Toss-up category.
-- The omissions from the initial Toss-up category that readers may find most surprising are Florida and Michigan.
-- Much of the electoral map is easy to allocate far in advance: About 70% of the total electoral votes come from states and districts that have voted for the same party in at least the last five presidential elections.
OTD: In 1872 Yellowstone, America’s first national park, was established to protect 2.2 million acres in Idaho, Montana and Wyoming.
Walt Disney Co. is in active discussions with AT&T Inc. to acquire the 10 percent stake in Hulu that is currently controlled by WarnerMedia.
AMC Theatres' Stubs A-List program, the subscription service that allows customers to see three movies a week for $19.95 a month, has hit 700,000 subscribers.
Luckin Coffee, which has ambitions to overtake Starbucks in China this year, has tapped three banks including Credit Suisse to work on a US IPO, Reuters reports. The Beijing-based startup, which is targeting a valuation of about $3B, opened over 2,000 cafes last year and aims to launch 2,500 new outlets in 2019. Luckin is said to have chosen New York for the listing, as Hong Kong generally requires IPO applicants to have a track record of three financial years.
Gap said it plans to split itself into two independent publicly traded companies, one unnamed company consisting of the iconic Gap brand and Old Navy.
Tesla said it would begin shutting stores and move to selling vehicles only over the internet.
Tesla cuts price on Model 3 again to $35,000.
Royole displays flexible approach to foldable phones: NIkkei reports, startup takes on Samsung, Huawei with home-grown technology.
HBO Chairman and Chief Executive Richard Plepler is stepping down in the wake of new owner AT&T seeking to put its own stamp on the premium cable channel.
Come back to Queens: Open letter to Bezos from:
- Ajay Banga
- Ken Chenault
- James Gorman
- Robin Hayes
- Joey Levin
- Bill McDermott
- Robert Rubin
- Fred Wilson
(and many more)
To reverse the decision to pull New York campus. This full-page letter to run today in the NYT.
See it here: https://buff.ly/2Vre1I3
Gov. Andrew M. Cuomo, who was staggered by Amazon’s decision to pull out of its plans to come to New York City, is working intensely behind the scenes to lure the company back, even connecting with Jeff Bezos, Amazon’s founder, to make a personal pitch.
Back to the water: After "Aquaman" smashed the box office last year with over $1 billion worldwide, a sequel was inevitable. On Wednesday, the studio Warner Bros. set its release date for December 16, 2022.
5 tips to starting a daily creative practicehttps://buff.ly/2sOfxaT
The truth according to Zlatan: ‘I’m not an act,’ the Los Angeles Galaxy’s star striker declares as he begins his second season in Major League Soccer. ‘I am the real deal.’ https://nyti.ms/2EqelQs
He was absolutely not joking when, upon signing with the Galaxy last March, he bought a full-page advertisement in The Los Angeles Times.
“Dear Los Angeles,” it read. “You’re welcome.”
How FC Barcelona are preparing for the future of football: FT reports, science and sport intersect in the Catalan giant’s new ‘innovation hub.’ https://on.ft.com/2Enbyrf
Bryce Harper signs $330 million deal with Phillies.
Ross Rant Flashback: The Nats don't play in baseball town:
"the city is waking up to another Nats season cut short and not matching expectations. In a town full of type A personalities and high school class presidents, victory and success are deemed a birthright."
Massachusetts bill would ban tackle football until after seventh grade: NYT reports, the bill, which moved to the Massachusetts Legislature’s Joint Committee on Public Health this week, follows attempts by legislators in five other states who have tried — but failed — to pass similar measures to protect growing brains from traumatic injury. The bipartisan bill, known as No Hits, would impose financial penalties for any school league or other entity that does not comply.
Enjoy the ride + plan accordingly.
Canada, Venezuela, Germany, World Bank, Citi, Hollywood, South China Sea
Marc Ross Daily
February 19, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
Marc Ross Daily = News + Analysis at the Intersection of Globalization + Disruption + Politics
✔️ Canada PM's chief secretary resigns amid SNC controversy
✔️ Trump urges Venezuelan military to desert 'Cuban puppet' Maduro
✔️ Cuban cigars hit record sales thanks to increasing Chinese demand
✔️ 13 states file lawsuit over Trump’s ‘national emergency’
✔️ Tiny South Africa beach restaurant crowned best in world
Uber isn't remarkable, it's better
Few ideas are new. Uber is executing the 17th century idea of taxis and the 19th century idea of telephones.
What is new are the tactics Uber is employing to execute these old ideas.
Having a service or product that allows you to be global from day one.
Having a service or product that allows you to reduce end-users burdens.
Having a service or product that allows you to reduce end-users uncertainties.
Read full post here: http://bit.ly/2SHOKMW
Senior Aide to Canada’s Trudeau resigns amid political storm: WSJ reports, Gerald Butts stepped down from his role as Prime Minister Justin Trudeau’s principal secretary as the fallout from a political storm focused on SNC-Lavalin continued to reverberate in the Canadian capital.
Reuters: Canada PM's chief secretary resigns amid SNC controversy
Conrad Black: The SNC-Lavalin affair is overblown, but the Liberals still bungled it: By accepting her change of positions, Wilson-Raybould has largely disqualified herself from complaining now about the motives for her so-called demotion
NYT: Venezuela’s border showdown could shift crisis
The government and the opposition face a decisive moment on Saturday, when President Nicolás Maduro’s foes have promised to bring in US aid.
Trump was expected to ask Venezuela’s military to break ranks with Mr. Maduro and to call for the immediate delivery of the shipments.
Reuters: Trump warns Venezuela military they are risking their lives and future
Guardian: Trump urges Venezuelan military to desert 'Cuban puppet' Maduro
AFP: Cuban cigars hit record sales thanks to increasing Chinese demand
Boosted by growing demand from China, sales of Cuban cigars reached a record $537 million in 2018, a seven percent increase over the previous year despite global laws against tobacco, the partially state-owned Habanos said Monday.
"China has surpassed France as the second biggest market for Habanos" behind Spain, said the cigar company's vice president Jose Maria Lopez Inchaurbe.
Minxin Pei: Why a US-China trade deal is not enough: If the US and China fail to reach a comprehensive trade agreement, bilateral trade will plummet, and the unraveling of the US-China economic relationship would accelerate. But even if an agreement is reached, that unraveling will continue, because, at its core, the trade war has always been about security.
Trump will decide if auto imports are a national security threat, as EU retaliation looms: LAT reports, companies and governments from Europe to Asia have warned Trump that tariffs on car imports would hurt the US economy and disrupt the global auto industry, which is already mired in a slump.
FT: EU threatens retaliation if US imposes punitive car tariffs
European Commission to ‘react in a swift and adequate manner’ to any levies.
US insists Europe is following Trump’s lead. Cue awkward silence: Bloomberg reports, a former German ambassador to the U.S. offered a bleak conclusion: “We have a real problem.’’
Germany's Angela Merkel makes arms export pact with France: DW reports, Germany is prepared to compromise its arms export guidelines to facilitate joint defense projects with France, according to an internal government document. France wants to continue selling weapons to Saudi Arabia.
@britainelects: Westminster voting intention:
"A new centrist party opposed to Brexit": 8%
No need for Shinzo Abe: Trump already nominated for Nobel Peace Prize: Reuters reports, Japanese Prime Minister Shinzo Abe is not saying whether or not he nominated Trump for this year's Nobel Peace Prize, but the question may be moot: the US president has been put forward by others for the prestigious award.
WP: Japan’s Abe won’t confirm Trump Nobel Prize nomination, but media reports say he made it
Kaushik Basu: Ending America’s World Bank monopoly: David Malpass, Trump's nominee to lead the flagship development bank, appears distinctly unsuited to the job. To protect the World Bank 's work– and the interests of the world's poor – it may be time to end the tradition whereby the American candidate always wins.
A real tube carrying dreams of 600-MPH transit: NYT reports, Virgin Hyperloop One is testing a system that would put passengers in pods hurtling through vacuum tubes. Other companies are moving ahead with similar plans.
High street ‘not dead’ and could be industry hub, says report: FT reports, Britain’s high street “is not dead” and struggling town and city centres could be transformed by becoming industry hubs instead of places to shop, according to new research refuting claims that a crisis in bricks-and-mortar retail is killing then off. The Centre for Cities, an independent think-tank, said on Tuesday that local councils should shift town centre economies away from an “overreliance on retail” towards high-skilled industry, and said the belief that high streets were “dying” was misplaced.
The shrinking middle class: By the numbers: Fortune reports, the American middle-class ideal was forged in the decades after World War II, when economic growth and wage increases climbed in lockstep for nearly 30 years. That pairing dissolved abruptly in the 1970s. Between 1973 and 2017, according to the Economic Policy Institute, the productivity of the economy grew 77%—but average compensation rose only 12.4%, adjusted for inflation. This divergence coincided with a shift in economic gravity, away from manufacturing and toward services and “knowledge industries.” That shift weakened the labor unions that had helped rank-and-file workers in many professions claim a bigger share of the bounty. Just as important were tax reforms that favored investment and real estate earnings over wage income. The upshot: an economic order in which the capital-owning class enjoys great advantages—and the costs of admission to and the exclusion from that class grow ever higher.
eSports revenue: Global revenue from eSports is expected to reach a record $1.1B this year, topping $1B for the first time, up 27% from 2018 driven by advertising, sponsorship and media rights, according to a just-released report from industry research and consulting firm NewZoo.
White House defends Trump’s emergency declaration amid mounting challenges: WP reports, critics have seized on recent comments by President Trump as proof that he did not need to declare an emergency at the southern border. “I could do the wall over a longer period of time,” he said last week.
13 states file lawsuit over Trump’s ‘national emergency’
America's UN Ambassador? Trump is considering four people to be his next UN ambassador: Goldman Sachs partner Dina Powell, the current ambassadors to Canada and Germany, Kelly Craft and Richard Grenell, and John James, a former Republican US Senate candidate from Michigan, according to people familiar with the matter.
@thehill: Obamas expected not to endorse anyone in 2020 Dem primary: report
Auto industry lines up against possible US tariffs: Reuters reports, the US auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the US Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
"Aluminum tariffs are costing breweries nearly $350 million a year and putting around 20,000 beer-related jobs at risk."
THOUGHT LEADER TACTIC OF THE DAY
Get interviewed on a podcast - do this five times this year.
Amazon in NYC: Despite scratching plans for an HQ2 in Queens, the company has more than 800 open positions in New York City.
Apple is shaking up leadership and reordering priorities across its services, artificial intelligence, hardware and retail divisions as it works to reduce the company’s reliance on iPhone sales.
Facebook joins Amazon and Google in AI chip race: Company needs faster hardware for smart digital assistant and real-time video moderation.
Facebook targeted in scathing report by British parliament: NYT reports, after 18 months investigating Facebook and online misinformation, a British parliamentary committee issued a scathing report on Monday, accusing the company of breaking data privacy and competition laws and calling for new regulations to rein in the technology industry. Repeated scandals involving Facebook and other tech companies demand more government oversight, the committee concluded, including laws making internet companies legally liable for content shared on their websites.
“The era of self-regulation for tech companies should come to an end,” said Damian Collins, the chairman of the Digital, Culture, Media and Sport Committee, which published the report.
Hollywood faces uncertainty in China as the film business slows: LAT reports, many film executives and producers are increasingly frustrated by the restrictions and unpredictability of the world’s second largest film market.
Citi CEO says machines may cut thousands of call center jobs: US bank can use tech to serve customers better and more cheaply, says Mike Corbat.
Honda set to close Swindon plant in blow to UK manufacturing: Move would place 3,500 jobs at risk just weeks before Brexit.
Tiny South Africa beach restaurant crowned best in world: AFP reports, The Wolfgat -- whose six mostly female staff have no formal training -- opened just two years ago in a 130-year-old cottage and cave on the beach at Paternoster. Chef Kobus van der Merwe, who did not begin to cook seriously until he was 30, forages every day for ingredients on the wild Atlantic shore of the Western Cape near his Wolfgat restaurant, where he also makes his own bread and butter.
Book a table here: https://www.wolfgat.co.za/
Mikaela Shiffrin won her fourth consecutive world championship in the slalom.
Giants manager Bruce Bochy to retire after this season.
@AP_Sports: Man United defeats Chelsea, advances to FA Cup quarterfinals
Soccer Matches: Champions League - Round of 16 - Leg 1 of 2:
Lyon v Barca @ 3:00 pm ET
Liverpool v Bayern @ 3:00 pm ET
Atletico Madrid v Juventus - Wednesday @ 3:00 pm ET
Schalke 04 v Man. City -Wednesday @ 3:00 pm ET
Probably yes it does trade with Canada.
According to US Census Bureau data, Canada was the top export destination for 32 states in 2016, by far the most of any country. So far in 2018, Canada is also the top export destination for US goods, with over $98 billion worth of goods going over the border.
Of the 32 states that count Canada as their biggest export destination, 20 voted for Trump in Election 2016.
Canada, Trump, Kim, Paris, ZTE, Uber, Netflix, Citi, Brazil
Marc Ross Daily
June 12, 2018
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
Marc Ross Daily = Business News at the Intersection of Global Politics + Policy + Profits
Subscribe here: https://goo.gl/bSQKwA
✔️ Does your state trade with Canada?
✔️ The G7 fiasco: It's time to isolate Donald Trump
✔️ Trump and Kim leave the denuclearization details for later
✔️ Paris more attractive than London for business investment
✔️ Senators move to sink Trump’s ZTE deal
Think populism is slowing down? Check out how Ontario voted
Populism establishes a beachhead in Canada's most prosperous and most important province of Ontario.
To understand what will happen with American politics and upcoming elections, I find exploring elections in other Western democracies to be an essential tool.
Last Thursday night, Doug Ford was elected as the next Premier of Ontario. A new expansion of populism now confronts Canada. Think Trump lands in Ontario.
CBC's Chris Hall wrote, "Doug Ford — the bombastic, blustering and populist former Toronto city councilor — is going to be the next premier of Canada's most populous province. His victory, convincing as it was, came with an exclamation mark. He put an end to 15 straight years of Liberal rule."
Toronto Star columnist Edward Keenan echoed the same scripting "Ford era promises a rocky road ahead for all of us."
He went onto say "the next four years under Premier Doug Ford: constant reasons to wonder about the malice vs. incompetence debate, with a loud portion of Ford’s supporters hoping and cheering for the former option. And many of the rest of us hoping instead for the latter, because perhaps if a problem is caused by incompetence, there is some hope it will be fixed, as those who caused it realize their mistake or grow more competent and capable."
@Richard_Florida tweeted: Ontario went from being a pro-urban province/ state like California or New York to joining the ranks of anti-urban Red states ...
I don't see the expansion of populism around Great Lakes stopping any time. Until CEOs of multinational corporations, Governors, and Mayors show leadership and engage voters in the Midwest on the value of globalization, this will be the result at the ballot box.
Endless outrage by the coastal elites will do little to change election outcomes.
Cross the Hudson and be in Cleveland.
Cross the Potomac and be in Detroit.
This is the three-part question facing US voters in 2018 and 2020: Do we protect the jobs of the past or invest in the jobs of the future? Do we subsidize the grey hairs or invest in today's 8th graders? Do we want to be part of a global world or not?
Voters today want protection, subsidies, and unilateralism.
CBC: Trump says Trudeau's 'pushed around' comments will cost Canada 'a lot of money'
Trump says Trudeau "probably didn't know that Air Force One has about 20 televisions'
The G7 fiasco: It's time to isolate Donald Trump: The G7 summit once again made it clear that US President Donald Trump is intent on treating America's allies worse than its enemies. Europe must draw the consequences and seek to isolate Trump on the international stage.
Der Spiegel - Roland Nelles
East Germans invest and vote differently. Here's why. Data shows that both recent and older history influences how we behave in daily life. https://bloom.bg/2t7PQCf
OTD: In 1991 Boris Yeltsin became the first democratically elected president of Russia.
WSJ: Trump: Kim to start to denuclearization steps
Pact is short on details; President promises to halt military exercises
NYT: Trump and Kim see new chapter for nations after summit
FT: Trump and Kim pledge peace on Korean peninsula
LAT: Trump-Kim Jong Un summit fails to produce disarmament plan
Nikkei: Trump and Kim leave the denuclearization details for later
Bloomberg: Trump gave Kim a summit but left with little to show for it
WP: Trump says US, North Korea are ‘ready to write a new chapter’
US military in Korea says no guidance on cancelling war games: Reuters reports, US military forces in Korea have not received any direction to cease joint military drills, a spokesman said on Tuesday, after U.S. President Donald Trump said war games would be ended amid talks with North Korea.
US opens new $255m de facto embassy in Taiwan: FT reports, the US has held a ceremony to mark the opening of its new de facto embassy in Taiwan, in a show of support for the government in Taipei amid mounting Chinese pressure on the self-ruled island. The diplomatic base reflected the “strength” of US-Taiwan ties and would “make possible even greater cooperation for many years to come”, said Marie Royce, assistant secretary of state for educational and cultural affairs, and the highest-ranking US official in attendance on Tuesday.
Friday: June 15 is the deadline for the US to publish the final list of Chinese products subject to $50 billion in tariffs
Aussie-Sino relations: Vast quantities of Australian wine are stuck in Chinese ports as relations between the two countries sour over criticism of Beijing's expanding military and spy network.
Entrance exams in China focus on the thoughts of Xi: Asia Times reports, almost 10 million high school graduates in China sat the nation’s annual college entrance exams earlier this week. The themes and reference materials are always a topic of conversation among parents and the online community.
It is estimated that around 80% of global trade is part of long supply chains, and around 40% of global trade is within companies.
BBC: First direct flight from China lands at Edinburgh Airport
Paris more attractive than London for business investment, says consultancy firm EY: AFP reports, For the first time, Paris is ahead of London as the most attractive European city for businesses to invest in, according to a report by consultancy firm EY. EY convened a panel of 502 international business leaders who concluded that Paris was preferable to London in this respect. This comes as France’s overall attractiveness to investors continued to improve in 2017, for the second year in a row, partly thanks to President Emmanuel Macron’s economic reforms, according to the same report, published on June 11.
Brexit: The best hope for an orderly withdrawal from the European Union lies in all Conservative MPs uniting and backing the government.
MPs debate 15 amendments made by peers to the European Union (Withdrawal) Bill.
In Brexit showdown, British PM May faces challenge over 'meaningful vote': Reuters reports, British Prime Minister Theresa May faces a showdown on Tuesday with lawmakers who want power to force her government to go back to the negotiating table if they reject a Brexit deal, testing her plans for leaving the European Union.
UK should not legislate to control children's use of technology, says culture secretary:Guardian reports, Matt Hancock refuses to rule out law to protect minors online, but would stop short of French measures.
Digital and social media firms should be forced to protect children from addiction, UK experts say: Telegraph reports, Social media and online gaming firms should have a statutory “duty of care” to protect children from mental ill health, abuse and addictive behaviour, a coalition of the country’s leading experts demands today. Data amassed by charities, academics and doctors links children’s use of social media and gaming to a range of serious and lasting harms, many of which build gradually over time and go undetected by parents or teachers.
The $1.4 trillion US ‘surplus’ that Trump’s not talking about: Bloomberg reports, the US has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the US registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG
Senators move to sink Trump’s ZTE deal: WSJ reports, in a rare rebuke of President Donald Trump, Republican Senate leaders set up a vote for this week that would undo the White House deal to revive Chinese telecommunications company ZTE Corp. Commerce Secretary Wilbur Ross was on Capitol Hill late Monday to lobby against the move. But Democratic and Republican lawmakers said that an agreement had been reached to wrap into the National Defense Authorization Act an amendment that would ban ZTE from buying components from US suppliers.
Politico: The 10 names that matter on China policy: Trump’s skepticism of Asia was a key part of his campaign’s identity. These 10 people are dealing with the reality. https://politi.co/2t1F8Nz
The Atlantic - Reihan Salam: Normalizing trade relations with China was a mistake: Lawmakers wanted to turn a potential enemy into a friend—instead, they squandered their leverage, in ways that shortchanged both nations. https://theatln.tc/2t2Slp0
Lawrence Kudlow, Trump’s top economic adviser, had a very mild heart attack Monday.
@CNBC: Paul Manafort will be arraigned Friday on witness tampering charges levied in the latest indictment from special counsel Robert Mueller.
Today: The Fed starts a two-day meeting with an expected rate hike announcement on Wednesday.
LAT: John Cox says Trump will campaign for him in California governor's race
Romney looks to lead GOP’s establishment wing: Politico reports, Mitt Romney, is positioning himself to be a force in the Senate — and a potential counterweight to Trump.
Today: Sen. Mitch McConnell (R-KY) will eclipse former Sen. Bob Dole (R-KS) as the longest-serving Republican leader in Senate history.
Inside Obama’s secret meetings with 2020 contenders: Politico reports, still the reluctant leader of the Democratic Party, Obama has been providing counsel to Bernie Sanders, Elizabeth Warren, and other presidential hopefuls.
Forbes Global 2000: The world's largest public companies http://bit.ly/2y6NFEA
2. China Construction Bank
3. JP Morgan Chase
4. Berkshire Hathaway
5. Agricultural Bank of China
6. Bank of America
7. Wells Fargo
9. Bank of China
10. Ping An Insurance Group
11. Royal Dutch Shell
12. Toyota Motor
14. Samsung Electronics
Grocery chains are being squeezed from all sides: WSJ reports, pressure from rapidly changing consumer tastes, European discounters and Whole Foods will hurt smaller grocery chains most but the big players like Kroger will struggle to grow.
What Caracal Global thinks: Deck: The Future Of Retail - see it here: http://bit.ly/2HowjaB
Uber is considering an acquisition of Motivate, the company behind the Ford GoBike.
Today: A judge will decide whether AT&T can buy Time Warner
Citi issues stark warning on automation of bank jobs: FT reports, Citigroup’s investment bank has suggested that it will shed up to half of its 20,000 technology and operations staff in the next five years, as machines supplant humans at a faster pace.
US tech companies return to Taiwan as China ties sour: Nikkei reports, Microsoft, Amazon, and Google seek cutting-edge products for IoT.
AFP: Shoemaker Louboutin wins EU court battle over red soles
World Cup: why millennials will transform football’s greatest event: The way the game is experienced away from the pitch is the latest powerful example of digital disruption. https://on.ft.com/2l4CqTR
"Developing a first-class enterprise—retailer or tech company or football team or symphony orchestra—is all about developing people.” -- Tom Peters
A company built on a bluff: NY Mag reports for almost 25 years, Shane Smith’s plan for Vice was that, by the time the suckers caught on, he’d never be stuck owning the company he co-founded. https://nym.ag/2t0dDnc
A senior manager once joked that the company’s hiring strategy had a “22 Rule”: “Hire 22-year-olds, pay them $22,000, and work them 22 hours a day.”
Inside the binge factory: Netflix is hiring everybody in and out of Hollywood to make more TV shows than any network ever has, and it already knows which ones you’ll like. http://bit.ly/2sWZnMj
HBDs: George HW Bush is 94 yo today and Chick Corea reaches 77 yo.
Former Olympic skier Bode Miller ‘beyond devastated’ after death of 19-month-old daughter: WP reports, “Never in a million years did we think we would experience a pain like this,” Miller said of the death, which occurred by drowning.
A German system that has made them the team of the century: The inside story of the model that has become the envy of the football world. http://bit.ly/2sXkM7W
Germany is not flying to Russia to see the sights, "but to win the tournament," said team director Oliver Bierhoff.
Goldman tips Brazil for World Cup after 1 million simulations: Bloomberg reports, so much for the unpredictable nature of the beautiful game. Goldman Sachs Group Inc. reckons Brazil will win its sixth World Cup, basing its forecast on data mining, machine learning, and econometrics. The investment bank is the latest to jump into the excitement before the soccer championship kicks off this week. It used 200,000 statistical models, sifted data on individual players and recent team performance and ran 1 million simulations of the tournament.
The Times: It’s time for Belgium’s golden generation to live up to the hype
Trump letters might be key to bid to host 2026 World Cup: NYT reports, three previously undisclosed letters from President Trump to FIFA have reassured the organization’s members that all fans and teams would be welcome, regardless of US immigration policy.
2026 World Cup: FIFA members will decide on Wednesday whether to vote for a joint US-Canadian-Mexican bid or whether the World Cup -- which will feature 48 teams for the first time -- will return to Africa for only the second time in 2026.
Foreign-owned football clubs:
China: AC Milan, Inter Milan, Southampton, West Bromwich
Qatar: PSG, Malaga
UAE: Man City
USA: Arsenal, Man Utd, Liverpool, Marseille, Roma
On Friday evening, Caracal Global Founder Marc A. Ross spoke with CGTN's Susan Roberts on about the interactions and implications of the G7 Summit. He covered Trump, Putin, Singapore, Canada, and Cirque du Soleil.