A note from the chief Brexit negotiator for the European parliament; China’s WTO entry, 15 years on; Trumps approval ratings; Shiller on US asset prices; a potted history of Stiglitz; Davos… now with more Pokemon Go based efforts to tackle poverty; nobody is building homes for billionaires; if you’re being a tax haven we only really want London; behavioural econ in the Garden of Eden; other stuff.
With all the usual caveats that attend such polls and surveys, let’s start with immigration. A Pew survey finds that American views of immigrants have improved throughout the Obama years, representing a complete reversal of what they were twenty years ago:
Levine on Citadel and SIP latency arbitrage; RBI independence as a project; not everyone enjoyed Xi’s Davos speech; Pettis asks if China can survive Trump; Nixon’s basic income plan; how to read the Trump dossier; Chavez and the resource curse; Bitcoin HFT; Japanese toilet industry agrees to standardize complex bidet controls; other stuff.
Rolls-Royce agrees £671m settlement for bribery allegations, sales up at Greggs and BAT agrees deal with Reynolds American. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here.
“Patel gave the media a slip to escape from the back door. He literally started running while reporters ran after him on the stairs. The RBI Governor jumped more than a step at times to reach his car which sped away.”