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Australian Treasury Secretary Sheds Light on 'National Interest' Definition http://ow.ly/4ng6P0
In making a preliminary decision on the sale of S. Kidman & Co to a Chinese consortium, the Treasurer Scott Morrison has shed some light on what the government defines as being in the “national interest”. He describes the Chinese bid as being contrary to Australia’s national interest, because:
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The Formulaic Approach to Health Care Coverage http://ow.ly/4nfTuV
One key goal of the Affordable Care Act (ACA) was to lower health care costs by giving consumers more choice over their insurer.
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Malaysia's Former PM Mahathir Should Aim Higher http://ow.ly/4nfpHU
Mahathir Mohamad, Malaysia’s former prime minister, seems to have missed the mark with the Citizen’s Declaration that he has so vigorously supported. The bulk of the Declaration is directed at Prime Minister Najib Razak and his alleged wrongdoings in connection with the beleaguered 1Malaysia Development Berhad (1MDB). Therein lays its fatal flaw.
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Restarting Economic Cooperation in the Form of a Dam http://ow.ly/4nfddn
In 2009, Myanmar agreed on the huge dam project with Chinese contractors; in 2011, it was suspended. As the new government must decide its future, it is closely watched by both Chinese and international investors.
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American Economic Growth Collapses http://ow.ly/4neSPD
GDP growth in the United States fell significantly, growing just 0.5% in the first quarter of 2016. Despite economists’ predictions of continued economic strength, real GDP growth was just 0.5% in the first three months of this year after rising 1.4% in the fourth quarter of 2015. Economists had expected 0.7% growth after downgraded estimates throughout the quarter, largely due to weak data from the housing, manufacturing, and export sectors.
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Ecuador Turns to IMF for Post-Quake Relief http://ow.ly/4neQeb
A devastating earthquake struck Ecuador on April 18. The quake left 659 dead and caused an estimated $2 to $3 billion (US) in property damage. The damage has left Ecuador shattered emotionally and economically.
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Is China 'Squeezing Out' US Aid to Africa? http://ow.ly/4ng16G
The economic and political reach of the US, arguably the most visible and vocal Western country on the African continent is gradually being diminished. This follows a pattern in which the economic and political stronghold of Western countries has ebbed as the role of non-traditional donors such as China has grown in importance.
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To Find the EC's Problem with Google...Google It http://ow.ly/4nfQuZ
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Abe's PQI is a Win-Win for Japan and India http://ow.ly/4nfn7r
Japanese Prime Minister Shinzo Abe’s Partnership for Quality Infrastructure in Asia (PQI) aims to consolidate Japan’s regional clout among the emerging Asian economies. PQI, which is often viewed as a competing formulation vis-à-vis the Chinese mega infrastructure designs, is critical to achieving the goals of Japan’s national growth strategy.
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The Non-Consensus View http://ow.ly/4nf6ez
The White Queen in Alice in Wonderland (Through the Looking Glass) confesses that when she was younger, she could believe six impossible things before breakfast. She encourages Alice to do the same. It appears many in the market are taking the Queen's advice too seriously.
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U.S. Government Presses Iraq to Maintain Reform Efforts http://ow.ly/4neRCU
U.S. Vice President Joe Biden visited Iraq this week to support ongoing reforms of the central government, according to the Associated Press. Biden praised Iraq’s progress in forming a cohesive government, but the Shia-dominated political system has faced criticism for corruption and persecution of the Sunni population. Iraq’s economy is under siege in the wake of ISIS incursions and lower oil prices.
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No Love for the Dollar http://ow.ly/4neOis
Two main forces in the foreign exchange market are rippling through the capital markets. The first is the continued weaker dollar tone. The combination of what appears to be a stagnating US economy (0.5% annualized pace in Q1) and a market that does not believe the Federal Reserve will hike rates in June, and is in fact, judging from the Fed Fund futures strip, skeptical of a single hike this year.
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