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World politics 10th November 2020

Biden Wins – Experts On What It Means For Race Relations, US Foreign Policy And The Supreme Court

The Conversation | The American public has had its say and for the first time in a generation denied a sitting president a second term. President’s Trump’s tenure lasted just four years, but in that time he dragged policy on an array of key issues in a dramatic new direction. Joe Biden’s victory presents an opportunity to reset the White House agenda and put it on a different course. Three scholars discuss what a Biden presidency may have in store in three key areas: race, the Supreme Court and foreign policy.

World politics 9th November 2020

What Biden’s Victory Means for the World

Joe Biden, who was declared the winner in America’s presidential election on Saturday, would return the United States to the Paris climate agreement and the World Health Organization; rejoin the Iran nuclear deal if Iran complies with its terms; extend the New START nuclear arms reduction treaty with Russia; and end America’s support for the Saudi-led war in Yemen.

In the World, World politics 6th November 2020

Biden Overtakes Trump In Georgia and Pennsylvania; Within Touching Distance Of The Presidency

Democrat candidate Joe Biden has overtaken President Donald Trump in the race for the state of Georgia, one of six still to be decided since Tuesday’s U.S. elections. According to the main media outlets, the former vice president’s lead over Trump is now just 917 votes, with 99 percent of the count completed. As it stands, Biden would have gathered 49.39 percent of the vote and the Republican candidate 49.37 percent. Currently, the Democrat candidate has 253 votes.

In the World, World economy 5th November 2020

Covid-19 Aggravates Sub-Saharan African Debt Problems

Currently, more than 1.1 million confirmed Covid-19 infections are reported in Sub-Saharan Africa (SSA), and infections have spread through almost all countries. However, this spread is quite uneven throughout the region. Just five countries account for more than 75% of all confirmed infections. Of these five, South Africa has by far the most confirmed infections, followed by Ethiopia, Nigeria, Ghana, and Kenya. At the end of March 2020, South Africa introduced one of the strictest lockdowns in the world. However, in order to soften the negative impact on the economy, lockdown restrictions were gradually eased in June. This has resulted in a sharp increase in Covid-19 cases, as the virus spread rapidly in the impoverished and densely populated areas.

World economy 4th November 2020

Market Flash – US elections

The list of potential outcomes is narrowing, but we may still not have a result today. While some races looked closer this morning, we are down to 6 states that will determine the outcome. Right now, Joe Biden is ahead in Wisconsin and Michigan, which, if Biden holds Nevada, would be enough to put him in the White House. If Biden does not win all three, the scenarios include Pennsylvania, which might need until Friday. We should have results for North Carolina and Georgia today, with both potentially going to Trump.

In the World, World politics 3rd November 2020

Education And Inequality In The US: A Democrat Victory Will Heat Up The Debate

Pablo Pardo | The total amount of tthe student debt in the US is over $1 Tr ( €850 Bn ).But since the beginning of the pandemic, the US has spent more than $2.2 Tr (almost 1.9 Bn euros) to avoid the economy crashing. For the Republican Party, these liabilities are not a problem in which the State should intervene. Furthermore, the cultural gap goes hand in hand with the economic disparity in the US and the pandemic has exacerbated these divisions. The gap between Republicans and Democrats and, at the same time, between Democrats, over the question of student debt illustrates how the debate on economic policy can be in 2021.

In the World, World economy 1st November 2020

Education: Fast Forward To The Future; Accelerating Edtech Adoption In A Post- Covid-19 World

Thomas A. Singlehurst/ Nithin Pejaver, CFA/ Mark Li, CFA/ Brian Gong (Citi GPS) | COVID-19 has created one of the most significant disruptions to students in history, with 1.6 Bn learners in 190+ countries being affected by school closures. Education technology (edtech) currently makes up only 3% of the $6 Tr+ overall market primarily because of inertia on the part of educational institutions. We see the current crisis driving an acceleration in edtech growth with the market doubling over the next 5 years to $360 Bn.

World economy 30th October 2020

45 Million And Counting

Compared to the spring we have higher economic activity today even with much higher coronavirus cases. However, we have currently reached a point where controlling the further acceleration of the virus means accepting new economic costs. Lockdowns are back and we don’t even have the nice weather to help us deal with being stuck at home. The current wave could peak in the next few weeks, but the economic costs will persist and that means it is important that there are new policy measures in the pipeline. The ECB is going further in December and the US should deliver on more fiscal support in 2021. However, the game changer will be a vaccine which will help reduce the health costs and boost economic growth. A bullish outlook for 2021 really relies on that happening.

World politics 29th October 2020

What the US Election Means for the Liberal World Order

Vittorio Emanuele Parsi & Valerio Alfonso Bruno | In 1992, Francis Fukuyama published his controversial best-seller, “The End of History and the Last Man,” arguing that liberal democracy is the final form of government for all nations. Almost three decades later, G. John Ikenberry, one of the most influential theorists of liberal internationalism today, in “A World Safe for Democracy” suggests that the liberal world order, if reformed and reimagined, remains possibly the best “international space” for democracies to flourish and prosper. After all, reasons Ikenberry, what do its illiberal challengers like China or Russia have to offer?

In the World, World economy 28th October 2020

A Moment In Markets – The Big Movers Coming Up

Positive economic data from China last week gave markets the confidence that there is a way out of the ongoing slump for the global economy. But are the US and Europe going to paint an equally encouraging picture? The US will disclose its third quarter gross domestic product (GDP) growth numbers on Thursday 29 October while Eurozone’s figures will be released the following day. Quarter-on-quarter GDP change in Q3 is forecasted to be 29.9% for the US (after a decline of 31.4% in Q2) and 9.3% for Eurozone (after a fall of 11.8% in Q2). Risk assets will draw comfort from knowing that an economic recovery is underway globally.

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