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Archive for 16. Januar 2020

The trillion‑dollar club: technology stocks

Posted by hkarner - 16. Januar 2020

Date: 15‑01‑2020

Source: The Economist

Amazon, Apple and Microsoft have already done it. And this week Alphabet, Google’s parent, is, for the first time, also flirting with a $1trn market capitalisation.

Big Tech shares keep soaring after a banner 2019, which saw the quartet outpace America’s frothy stockmarket.

Add Facebook, and America’s five biggest companies have gained a cumulative $1.8trn since the start of last year.

Surely, this cannot go on. Or can it? Although the Sino‑American trade war has spilled over into tech and controversies rage at home over abuses of user privacy and market power, the giants keep printing money.

After years of sacrificing profits for investment, even Amazon (poised to rejoin the $1trn gang soon) has generated billions in free cashflow.

Investors reckon more of this will be returned to shareholders, starting with Alphabet. A new chief executive, Sundar Pichai, took over from Google’s founders in December. He is expected to be more shareholder‑friendly—and less dividend‑wary.

 

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Senators Urge $1 Billion Plan to Loosen China’s Grip on 5G

Posted by hkarner - 16. Januar 2020

Date: 15‑01‑2020

Source: The Wall Street Journal

Bipartisan bill would subsidize tech firms in their efforts to compete with Beijing‑backed Huawei

A bipartisan group of U.S. senators, alarmed by the rise of Chinese electronics supplier Huawei Technologies Co., wants Washington to subsidize firms that could counter China’s 5G advances.

The proposed Utilizing Strategic Allied Telecommunications Act would steer at least $750 million toward companies developing fifth‑generation, or 5G, wireless technology and create a separate $500 million fund for companies that deploy “trusted and secure” equipment around the world.

Sens. Richard Burr (R., N.C.) and Mark Warner (D., Va.), who lead the Senate’s intelligence committee, introduced the bill.

A draft version of the law didn’t name specific companies, but its sponsors said the move would challenge Chinese telecom‑equipment makers. Shenzhen‑based Huawei has become the world’s top supplier of cellular radio equipment. U.S. officials have accused the Chinese government of subsidizing Huawei’s growth abroad through low‑cost loans and other support that gives the company an edge against Western rivals. Den Rest des Beitrags lesen »

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A Transformative Deal for Nature

Posted by hkarner - 16. Januar 2020

Linda Krueger is Senior Policy Adviser at The Nature Conservancy.

In less than one year, delegates from around the world will gather in Kunming, China, to complete a new global agreement for protecting and conserving the world’s natural systems. To succeed, they must bring together not just environmentalists, but also officials with the clout to effect change across entire economies.

NEW YORK – This October, representatives of the 196 parties to the United Nations Convention on Biological Diversity (CBD) will gather in Kunming, China, to finalize a new . Like the 2015 Paris climate accord, this new agreement could mark a turning point in how we manage our relationship to nature.

But biodiversity advocates must learn an important lesson from climate activists. Global climate action gained momentum only after it became clear that the issue was about more than the environment, and would require a transformation of transport, energy, agriculture, infrastructure, and many industries. Likewise, the rapid loss of biodiversity that we are witnessing is about much more than nature. Den Rest des Beitrags lesen »

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Is America Going Fascist?

Posted by hkarner - 16. Januar 2020

Daron Acemoglu, Professor of Economics at MIT, is co-author (with James A. Robinson) of Why Nations Fail: The Origins of Power, Prosperity and Poverty and The Narrow Corridor: States, Societies, and the Fate of Liberty.

Given US President Donald Trump’s propensity for racist, divisive rhetoric, it is easy to see why so many of his opponents would describe him as a modern-day Benito Mussolini or Adolf Hitler. But by implying that all Trump supporters are irredeemable extremists, such rhetoric merely plays into his hands.

CAMBRIDGE – White nationalism is on the rise in the United States. According to the Anti-Defamation League, there were 6,768 incidents of extremism and anti-Semitism (mostly from the right) in the US in 2018 and 2019. That figure is significantly higher than in previous years, leading many to conclude that President Donald Trump is to blame for the uptick in domestic extremism.

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