Americas Fridays



Trump Is Right to Warn Democrats About ‘Socialism’ Progressives have embraced the term, and that’s a dangerous mistake. -Bloomberg

Are Multinationals Eclipsing Nation-States? In the absence of government action to address today’s most pressing global problems, multinational corporations are stepping up to offer their own solutions. As in the seventeenth century, when European joint-stock companies built private empires, the future of sovereignty is at stake. -Project Syndicate


Farmers nearing crisis push back on Trump trade policies Low prices, trade wars and higher interest rates are depressing farm incomes. -Politico

Chevron ties executive pay to methane and flaring reduction targets Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday. -Reuters

Chinese broadcaster registers as foreign agent “CGTN America enjoys editorial independence from any state direction or control,” one of the filings said. The company said it had 180 journalists that were part of CGTN America. The filing did note that it is state-owned -Politico

Information warfare threatens Western corporations Since 2014, we have learned just how potent Russian information warfare can be when it targets foreign governments. But as a result, we have tended to overlook the no less disruptive proliferation of attacks against Western corporations. The devastating Chinese hack against the Marriott Hotel chain, the Iranian attack on Aramco in 2015, and North Korea’s 2014 attack on Sony are all good reminders. -The Hill

Fiat Chrysler paid $77 million in U.S. fuel economy penalties in 2018 Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emissions rules. -Reuters

Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn A huge tax break was supposed to create a manufacturing paradise, but interviews with 49 people familiar with the project depict a chaotic operation unlikely to ever employ 13,000 workers. -Bloomberg

U.S. opens probe into Brazilian oil bribery scheme The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. -Reuters

Maduro government detains, expels journalists in bid to keep power -The Washington Post

U.S. sanctions strand Venezuelan oil cargoes on 21 tankers More than 20 tankers loaded with 9.6 million barrels of Venezuelan oil have anchored off the U.S. Gulf Coast in recent days. Some buyers had purchased the cargoes ahead of U.S. sanctions imposed last week, using the vessels as floating storage. Others weighed how to pay under new rules -Reuters


A U.S.-China Trade Deal May Disappoint Investors America’s share of the global economic pie is shrinking, and its financial markets are increasingly dependent on developments elsewhere.

Democrats Aim to Limit Corporate Windfall From Trump Tax Cut Top Democrats, eager to reverse a corporate windfall created by President Trump’s $1.5 trillion tax cut, are galvanizing around economic policies aimed at limiting the ability of companies to enrich shareholders. -NYT

House panel passes bill targeting OPEC oil supply cuts A U.S. House of Representatives committee approved a bill on Thursday that would open up the Organization of the Petroleum Exporting Countries to antitrust lawsuits, but it was uncertain if the measure would be considered by the full chamber. -Reuters

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China to combine QFII, RQFII schemes, expand foreign investment scope China further deregulated its capital markets on Thursday, saying it would ease foreign institutions’ access by combining two inbound investment schemes, while broadening their investment scope to include derivatives, bond repurchases and private funds. -Reuters

An option for China as it tries to help Huawei escape its mounting legal woes -SCMP

· Slowly, we’re watching the world of technology cleave between China and the rest of the world, Ankit Panda writes

· The telecoms giant, which has become a symbol of China’s hi-tech pride, is under siege

Apple held hostage by its Chinese puzzle How iPhone maker's success manufactured the rise of Huawei Soon after Tim Cook was hired by Apple's founder Steve Jobs in 1998 to whip the company's U.S.-focused supply chain into shape, he made a bold decision. Within two years he began shutting Apple's U.S. factories and outsourcing production to China. -Nikkei