Europe’s data regulation conundrum
The European General Data Protection Regulation (GDPR) came into force last month. In general, it is heartening that the EU is taking individual privacy seriously. But for all of the bureaucracy created by the regulation, it doesn’t address the biggest danger: government abuse of personal data
Opinion: Ready for the next recession?
Economists enjoy delivering bad news. The current favorite being shared by academics and financial experts is that the world is headed for a recession, in 2020 or 2021 at the latest. But we regard this as unlikely, unless there is a major political accident – such as a trade war or turmoil in China. While a slowdown is always possible, especially in Western Europe, that does not make a recession.
GIS Dossier: Trumponomics
Eighteen months into his presidency, Donald Trump has already implemented several major economic initiatives, including big tax cuts and rewriting American trade policy. Neither the disaster foreseen by his critics nor the miracle envisioned by his supporters has materialized. Instead, there has been a mix of positives and negatives for the U.S. economy, just as GIS experts had predicted since the election. This GIS Dossier reviews the unexpected consequences of “Trumponomics” and the impact it is likely to have in the future.
Global competition for upstream oil and gas investment
The international energy community is usually divided on oil prices, since consumers like prices low and producers prefer them high. But one thing everyone agrees on is that the current environment of low oil prices is not encouraging investment, which could trigger an energy crisis down the road. This reasoning is logical, but overly simplistic.
Opinion: A lost opportunity for cryptocurrencies
Cryptocurrencies like Bitcoin are volatile, but could prove useful by injecting a needed element of competition into the realm of monetary policy and finance. Rather than allow this, however, governments will probably step in to regulate them, perhaps under global supervision. If that happens, we will have missed an opportunity to foster new business and job creation in a healthier monetary environment.
VIDEO: Donald Trump’s legislative revolution | GIS: Global Trends Video Reports
The media’s obsession with election conspiracies, dossier who-done-its, and geopolitical expletives supposedly muttered in private is overshadowing recognition of the dramatic shift in regulatory policy during U.S. President Donald Trump’s first year.
Trump’s regulatory revolution
For all the sound and fury in the media over the Trump administration, there has been little recognition of the dramatic shift in regulatory policy over the past year. President Trump has ended many of his predecessor's most burdensome rules on business and has slashed red tape. He has also implemented new policies that require administrative bodies to scour for unnecessary or harmful regulations. It is a radical departure from the status quo, but many legal and institutional challenges stand in the way of even deeper change.
Irrational tax and regulatory systems
The true story of the Paradise Papers is less about shady business deals than about the byzantine regulatory and tax structures of developed countries. It is a lesson that politicians like French President Emmanuel Macron are studiously trying to ignore.