May 8, 2017 nº 1,863 - Vol. 14
"Attention is the rarest and purest form of generosity."
Simone Weill
Read Migalhas LatinoAmérica in Spanish every Tuesday and Thursday. Visit the website at www.migalhas.com/latinoamerica
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Wall Street frets as capital markets trading activity trails off
An eerie calm in capital markets is fuelling fears on Wall Street that a first-quarter rebound in trading revenues could prove a one-off. Big investment banks reported generally solid profits over the first three months of the year, as investors reset their portfolios to take account of higher base interest rates, and as companies front-loaded efforts to raise money. For all bar four of the top 14 banks, first quarter trading revenues were higher than a year earlier. In debt trading, all 14 apart from UBS and Barclays reported year-on-year rises. But activity faded in April and, so far in May, it has been quiet, according to traders — suggesting many banks will struggle to sustain that bright start to the year.
1 - Coca-Cola South Africa sells stake in Appletiser - click here.
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Shenzhen landslide: Officials jailed for negligence
Forty-five people have been sentenced for their part in a landslide in the southern Chinese city of Shenzhen that killed 73 people in 2015. Piles of waste soil and construction materials suddenly collapsed, engulfing a nearby district. The manager of the company that ran the landfill site and the former head of Shenzhen's administration bureau were jailed for 20 years.
Kushner Companies' Pitch To Chinese Investors Raises Conflict Of Interest Questions
The sister of President Trump's son-in-law, Jared Kushner, highlighted her powerful brother as she sought financing for the family firm's real estate project in New Jersey to Chinese investors.
As Chinese Exclusion Act turns 135, experts point to parallels today
The law limited Chinese immigration and barred them from becoming naturalized US citizens.
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On health and welfare, moral arguments can outweigh economics
Policy debates on benefits and taxes are turning, as they have in the past, on the question of who is deserving, not what can best address needs.
Lawsuit presses the issue of lower pay for female law partners
Male partners in large firms make substantially more, a survey shows, and their female counterparts say it’s time for that to change.
Outrage after prosecutor blames a woman for her death
Thousands of women in Mexico have reacted with outrage on social media after the Office of the Public Prosecutor tweeted that the lifestyle of a young woman was to blame for her murder. In the backlash women have been tweeting about how they would be accused of being responsible for their murders if the spotlight was turned on the way they lived their lives rather than the prosecutor putting the focus on the actions of the killer. Rates of violence against women and femicide (the killing of women because of their gender) in Mexico are high - between 2013 and 2014 seven women were killed every day in Mexico and 44.9% of women reported that they had experienced violence in the home.
French election: Macron defeats Le Pen to become president
Centrist candidate Emmanuel Macron has decisively won the French presidential election, defeating far-right candidate Marine Le Pen. Macron won by 66.06% to 33.94% to become, at 39, the country's youngest president. Macron will also become the first president from outside the two traditional main parties since the modern republic's foundation in 1958. Macron said he had heard "the rage, anxiety and doubt that a lot of you have expressed" and vowed to spend his five years in office "fighting the forces of division that undermine France". He said he would "guarantee the unity of the nation, and defend and protect Europe." The Euro currency strengthened 0.2% against the dollar as investors were reassured over the future stability of the European project. (Click here)
Germany searches all army barracks for Nazi material
Inspections have been ordered at every German army barracks, after Nazi-era memorabilia was found at two of them. The defense ministry said the command came from the inspector general of the Bundeswehr (Germany's armed forces). All barracks will be searched for material linked to the Wehrmacht, the army which served Adolf Hitler. The move follows a growing scandal over far-right extremism within the army, with an officer accused of plotting an attack disguised as a Syrian refugee. Germany's defense minister says veneration for Hitler's armed forces has no place in the modern German army.
Worries over US pullout to dominate UN climate talks
Concerns over a possible US withdrawal from the Paris climate agreement are likely to be the main focus of UN climate talks in Bonn on Monday. Negotiators from almost 200 countries are gathering for almost two weeks of negotiations aimed at developing the rulebook for the Paris treaty. But a growing worry that President Trump might soon pull out of the 2015 accord is dominating discussions. Some delegates say such a move would be a body blow for the landmark deal.
Facebook publishes fake news ads in UK papers
Facebook has broadened its campaign to raise awareness about fake news, by publishing adverts in the UK press. The ads, in papers including The Times, The Guardian and Daily Telegraph, carry a list of 10 things to look out for when deciding if a story is genuine. They include checking the article date and website address, as well as making sure it isn't intended as satire. Facebook is under fresh political pressure to tackle fake news in the run up to the UK general election. Meanwhile, a investigation has found the social network played a decisive role in both the US election and Britain's EU referendum last year.
Goldman Sachs boss: City 'will stall' over Brexit risk
The chief executive of the world's second largest investment bank has warned that London "will stall" because of the risks from the Brexit process. Lloyd Blankfein said that his firm, Goldman Sachs, which employs 6,500 people in the UK, had "contingency plans" to move people depending on the outcome of the negotiations. Blankfein said he hoped the bank would not have to trigger the plans. He wants to keep as much of its activities in the UK as possible.
DOJ conducting criminal investigation of Uber for avoiding law enforcement
Ride-sharing firm Uber is facing a criminal investigation by the US government. The scrutiny has started because the firm is accused of using "secret" software that let it operate in regions where it was banned or restricted. The software, called "greyball", helped it identify officials seeking to stop the service running. It is claimed greyball was used in several areas, including Portland, Oregon, where the ride service was still seeking official approval to operate. In those areas, transport regulation officials posed as passengers in a bid to prove that the company was operating illegally. Greyball worked out who the officials were and blocked them from booking rides with the company's drivers. (Click here)
Tennessee governor signs "natural and ordinary meaning" bill
Tennessee Governor Bill Haslam on Friday signed SB 1085 into law which mandates that undefined laws be given their natural and ordinary meaning. Dubbed the "natural and ordinary meaning" law, it requires that "undefined words be given their natural and ordinary meaning, without forced or subtle construction that would limit or extend the meaning of the language, except when a contrary intention is clearly manifest."
Time
The World Is Not Ready for the Next Pandemic
Newsweek
KEY TAKEAWAYS FROM THE FRENCH PRESIDENTIAL ELECTIONS
The fight is only just beginning for France's new president.
Business Week
Can Wal-Mart's Expensive New E-Commerce Plan Compete With Amazon?
The Economist
The world’s most valuable resource: The data economy demands a new approach to antitrust
Der Spiegel
Das Leyen-Spiel (Die Affäre um einen rechtsextremen Offizier)
L'Espresso
Il muro e la democrazia
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