News 

Trump’s trade policy is stuck in the ’80s — the 1680s

“The logic was this: Military power comes from wealth; wealth comes from accumulating gold and silver; and the way you accumulate gold and silver is through trade surpluses” writes Catherine Rampell Is for washingtonpost.com. Smith showed that real national wealth doesn’t come from amassing piles of gold, which are transitory.There basically was no such thing as modern-day trade diplomacy; tariffs were high, and no one would have trusted anyone to stick to trade agreements anyway, since everyone was trying to maintain trade surpluses at once. Source: washingtonpost.com Share This:

Read More
News 

Given how Trump is treating U.S. allies, America could soon find itself short of friends

“The national-security exception to tariff-reducing international trade rules is and was meant to be applied narrowly and sparingly, lest the exception swallow the rules” reports washingtonpost.com. Trump’s bidding; there is still time to head off a trade war before it spoils prosperity both in the United States and abroad.For seven decades, a bipartisan consensus has held that the United States has more to gain, both economically and politically, by expanding the circle of partners with which it trades as freely as possible. Source: washingtonpost.com Share This:

Read More
News 

Starbucks’ racial bias training has another goal

“During the training, employees watched a slickly produced documentary by filmmaker Stanley Nelson that focused on the experiences of people of color and access to public spaces that’s now making the rounds on social media” writes Jena Mcgregor Writes for washingtonpost.com. Within days of the arrests, Schultz, as well as chief executive Kevin Johnson, met with the men to apologize and began plans for company-wide training programs. Source: washingtonpost.com Share This:

Read More
Markets News 

Italian parties reach deal on a new government, ending a political crisis that had rattled global markets

“The agreement was the latest twist in a topsy-turvy week for Italian politics, one that on Tuesday had sent global markets tumbling amid jitters that the country was careening toward a new vote and a possible euro exit” writes Griff Witte Is for washingtonpost.com. Neither party ran its campaign on a euro exit.The president had balked at the populist parties’ original choice for finance minister, Paolo Savona, an 81-year-old who has been fiercely critical of the E.U. and has suggested Italy should abandon the euro.Italy appeared Thursday to step back…

Read More
News Stocks 

What’s in your wallet? More cash, if you know how to save

“Then, check out advice on investing in dividend stocks, real estate, and the legally tricky world of cannabis stocks” reports marketwatch.com. Author Seth Godin on four ways to be better at work Investing in marijuana or cannabis stocks can be risky.This outperforming fund manager ‘rents’ dividend stocks for a higher yield A panel of economic and housing experts sees a dip in house prices on the horizon.This week’s digest focuses on the rewards of being a smart saver, and what you need to know to keep more money in your…

Read More
News 

Air Partner shares suspended as accounting problems push back results again

“Shares in aircraft charter company Air Partner have been suspended from trading as an investigation into a hole in its accounts drags on” writes Alan Tovey for telegraph.co.uk. Air Partner said its board had agreed with auditor Deloitte it would now not be able to publish its annual accounts until June 11 at the latest and requested the shares be suspended until then.In early April the business said it had discovered a long-running accounting error that meant it had to push back its results from April 26 to the end…

Read More
News 

Database aims to counter surge in luxury watch thefts 

“It also allows police, insurers, individual owners and jewelry shops to search for stolen watches being sold on elsewhere” writes Rob Crilly for telegraph.co.uk. The surge in thefts – which has seen more than £1m of watches stolen in central London in the first quarter of this year alone – has led to a rush of owners using the Watch Register in a bid to trace their items.With a surge in scooter gangs snatching designer watches from passers-by or breaking into high end jewelry shops to steal fashionable brands, 10,000…

Read More