Donald Trump has been bashing free trade for much of his campaign. But in recent weeks he’s taken his anti-trade tirades to a whole new level in lashing out at the Trans-Pacific Partnership (TPP), a deal that was signed by its 12 Asia-Pacific members but has yet to be ratified.
It sounds like a scene from “Jurassic World”: fast, agile predators pursue their slower, less nimble prey, as the latter flee for safer pastures. Yet this ecology framework turns out to be an apt analogy for today’s financial markets, in which ultra-fast traders vie for profits against less speedy counterparts.
Attention people, there’s big news out of Washington: Paul Ryan, the Republican speaker of the House, has announced that he has an idea!
Iran’s Ayatollah Ali Khamenei – the Islamic Republic’s ultimate authority – reluctantly blessed the nuclear agreement between Iran and the West that was signed in June 2015 and went into effect in January. Since then, he has gone out of his way to emphasize that his endorsement didn’t mean he wanted to normalize economic ties with the U.S.