Investing and Global Finance News

Monthly Archives: March 2015

Presidential Economic Campaign: Keeping it Real

by The World Affairs Council
by The World Affairs Council

It’s certainly no easy task presenting the people of America with a realistic economic campaign when running for government. Jeb Bush is no stranger to this challenge. There has thus been speculation on which economic experts may be guiding him for the 2016 campaign. One of these, Jim Donovan Goldman Sachs Managing Director, is said to have been included in Jeb Bush’s “inner circle” of advisers.

Donovan and others like him (such as Justin Muzinich and Bill Simon) may not be his official financial advisers, but if they are going in the same direction, they might be. For example, Bush’s spokeswoman Kristy Campbell said that Bush is “committed to promoting polices that will address the opportunity gap and restore the right to rise for all Americans.” James Donovan, Goldman Sachs, is a National Council co-chair of the American Enterprise Institute which is likewise dedicated to preserving and strengthening the foundations of a free society—limited government, competitive private enterprise, vital cultural and political institutions, and vigilant defense.” The organization seeks to “help establish economic policy and strategies.” In addition, Donovan handled Romney’s personal investments in 2012. So it might make sense.

Moving back to the 2016 elections, it seems that what is really worrying Americans these days is not so much high taxes but the fact that technology is going to replace their skills in the future and put them out of a job. Therefore what will be important for Bush’s campaign is to show – realistically – how to avenge that fear. And he’s doing it. In a speech he delivered in Detroit a couple of months ago Bush asked: “How do we restore America’s faith in the moral promise of our great nation that any child born today can reach further than their parents? This is an urgent issue: Far too many Americans live on the edge of economic ruin. And many more feel like they’re struck in place, working longer and harder, even as they’re losing ground.”

It is these issues that advisers – official or unofficial – need to find potential solutions for. Once these matters are covered, next year Bush may have a real chance of convincing the US population that he can offer an economic environment that is both realistic and worth living in.

Amazon Expands One-Hour Delivery Service

Moving another step closer to fulfilling the dreams of the “Now” generation, Amazon announced last week that it will be able to deliver orders within one hour in two new locations. Although some might argue that one hour is technically not “Now,” it certainly comes pretty close, considering the fact that most orders on Amazon… Continue Reading

Latin America and its Global Investment Opportunities

Latin America is becoming an increasingly attractive economy for outside investors. This is positive news for companies such as Latam Securities that has been providing investment advisory services about investments in fixed-income securities in local and worldwide markets. Company Director Jorge Pepa and CEO Diego Marynberg have been working with these clients in an attempt… Continue Reading

Formula E Electric Cars Race Through Miami

The first Formula E electric car race took place in Miami last Saturday, showcasing the potential for more energy efficient vehicles. “Formula E will pioneer technology which will be used on normal road cars,” said Richard Branson, British entrepreneur and owner of the Virgin Racing team. “I hope 10 years from now the smell of… Continue Reading

Alibaba Expanding to California in a “Very Strategic” Move

China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons.  It is situated somewhere in… Continue Reading

Yellen Tells Congress: Financial System Safer Now than Before the Financial Crisis

Speaking before the House Committee on Financial Services last week, Janet Yellen, head of the Federal Reserve, testified that the US financial system is much safer today than it was in 2007 when the most recent economic decline commenced. “I believe the financial system is much safer. There is twice as much high-quality capital among… Continue Reading