When UK Prime Minister Theresa May recently called for a general election, her goal was to increase her party’s parliamentary majority, primarily to strengthen Westminster’s hand in Brexit negotiations, but also in the internal issue of Scottish—and potentially Welsh—secession from the union.
Published in The National
Despite its commercial success, including revenues in excess of $6 billion, Uber has recently attracted negative publicity over allegations of sexual discrimination among its employees. Regular consumers are late to the show, however, as many governments have been loathing the Californian company since its inception. What explains authorities’ disdain for such a successful enterprise?
In the Gulf countries, falling oil prices have created a need to impose new taxes, such as the value-added tax which will be launched in the beginning of 2018; as well as a need to reduce the subsidies enjoyed by residents, including citizens and foreigners. Since such policies are likely to result in a reduction in residents’ living standards, many Gulf citizens have called for levying taxes upon, and cutting subsidies for, foreigners and not citizens, in an effort to protect the living standards of citizens at the expense of those of foreigners.
Published in the Tyler Morning Telegraph
Trump’s mistake is that he sees a trade deficit as a budget shortfall. Writing in Forbes, Omar Ahmad Al-Ubaydli of George Mason University’s Mercatus Center explains why trade deficits aren’t a big problem.
“America’s trade deficit represents foreigners letting Americans buy more goods than they sell, in exchange for the right to invest in America more than Americans invest abroad - that’s a sign of a thriving economy,” he writes. “In contrast, a struggling economy combined with a trade deficit would send the dollar tumbling, balancing the flow of capital and goods.”
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