March 3, 2016
Curration and comments from Marc A. Ross

#NeverTrump | Carson out | More NK sanctions | Global trade stall | China data is ugly | Women in tech getting paid

Election 2016 + American Politics
Trump’s campaign blueprint his own book: WSJ reports, Donald Trump, who emerged from the Super Tuesday presidential primaries in a commanding position, laid out the tenets guiding his unorthodox campaign nearly 30 years ago in his best-selling book, “The Art of the Deal.”

US foreign policy experts round on Trump: Senior Republicans plan ‘biting’ critique of candidate’s stances. The critique will be published in the form of a letter whose signatories include Robert Zoellick, the former deputy secretary of state who has been advising Jeb Bush.
FT
“The criticisms will be as biting as they could possibly be,” said Mr Zakheim. The letter is due to be published on WarOnTheRocks.com, a foreign policy website, on Thursday.

Romney to lay out case against Trump in speech Thursday: Bloomberg reports, the party’s 2012 presidential nominee will argue against allowing the billionaire front-runner to follow in his footsteps.
@dansenor = ‘Only 27% had heard abt reluctance to denounce Duke & KKK; 20% abt Trump University & fraud lawsuit; 13% abt failure of Trump Mortgage.’ || @dansenor = Tens of millions of $$$ will be spent over next several weeks working to get that # up. Not clear how Trump avoids slog to convention

World considers a Trump presidency, and many shudder: Following Donald Trump’s breathtaking string of Super Tuesday victories, politicians, editorial writers and ordinary people worldwide were coming to grips Wednesday with the growing possibility the brash New York billionaire might become America’s next president_a thought that aroused widespread befuddlement and a good deal of horror.
AP
“The Trump candidacy has opened the door to madness: for the unthinkable to happen, a bad joke to become reality,” German business daily Handelsblatt wrote in a commentary for its Thursday edition. “What looked grotesque must now be discussed seriously.”

Ben Carson said he no longer sees “a political path forward” for his presidential campaign and will skip a Republican debate Thursday.

Trump under-performing both McCain and Romey in securing delegates at this same stage of primary season.

Sen. Warren takes heat on Clinton-Sanders battle: Some Sanders fans are particularly upset that Warren didn’t tilt the scales in the Vermont senator’s favor in her home state of Massachusetts, where Hillary Clinton pulled out an important win on Tuesday.
The Hill

President Obama Job Approval — Gallup | Approve 49, Disapprove 46

President Obama Job Approval — The Economist/YouGov | Approve 44, Disapprove 54

Event
Global Policy Link + Shawn Donnan — World Trade Editor @ Financial Times || Friday, March 4 || Washington, DC || http://www.gpl.global/events/

Geopolitics
UN adopts new sanctions against North Korea: Measures approved by all 15 members of the Security Council, including U.S., China and Russia.
WSJ
The new sanctions, introduced in a joint resolution by U.S. and China and co-sponsored by 55 countries, are considered unprecedented in their scope and reach.

Fed policymaker bullish on US economy: FT reports, John Williams says upward moves in rates would be gradual.

Global trade — structural shifts: The fall in traffic could signal a permanent shift in the fundamentals driving globalisation. Last year saw the biggest collapse in the value of goods traded around the world since 2009 — when the impact of the global financial crisis was at its worst. FT

Statistics from China say coal consumption continues to drop: NYT reports, the data lends further support to the view that the world’s largest emitter of carbon dioxide may be reaching a peak in coal consumption.

China’s other growth figure is flashing a warning: Obscured by the focus on the accuracy of China’s growth figures is a tumble in estimates for the economy without adjusting for inflation — a slide that gives a clearer picture of why the country’s slowdown has stoked rising concern about its debt burden. Gross domestic product in dollars, unadjusted for price changes, rose just 4.25 percent in the fourth quarter of 2015 compared with the same period of 2014 — a gain of $439 billion. Just two years before, China added $1.1 trillion to the global economy, expanding 13 percent from a year earlier.
Bloomberg
Contribution to world growth down to less than half 2013 level.

Enterprise
Indicted Ex-CEO Aubrey McClendon dies in car crash: WSJ reports, Aubrey McClendon, one of the pioneers of the U.S. shale boom, died in a fiery single-vehicle crash, a day after he was indicted by a federal grand jury on charges of conspiring to rig the price of oil and gas leases.

Target Corp. is cutting the number of sizes, flavors and in some cases brands on its shelves to help fix out-of-stock issues plaguing its 1,800 stores.

Uber Technologies has spent big to expand its ride-hailing service around the globe as its international business lost $237 million in 2014.

With bet on Japan, Sharp stumbles: NYT reports, The plight of the electronics company is a story of missteps by managers who failed to anticipate shifts in the global electronics industry.

The shipping industry isn’t doing as well as it looks from space: From space, where satellites track ship movements, it all appears like the market is booming, data compiled by Bloomberg show. At giant iron-ore loading terminals in Brazil and Australia, millions of tons are loaded each month on vessels that come and go like clockwork. Along the coastlines of China, Singapore and even Greece, the picture is the same: little waiting about. But all that movement is a consequence of weakness, not strength. Commodity prices and demand are so lousy, freight rates for the biggest ships don’t even cover a third of the cost of their crews. While owners would normally idle ships when things slow down, hoping to spark a rebound in rates, the outlook this time around is so dire that many figure it’s better to have some business. Otherwise, they risk losing market share and earning nothing.

Bloomberg
For the first time since the early 1990s, combined trade in coal and iron ore is poised for two straight years of contraction, predicts Clarkson Research.

DuPont long held interest in Syngenta deal: Syngenta enjoyed a late spike to pull shares near breakeven after WSJ reported that DuPont, under both former CEO Ellen Kullman and current CEO Edward Breen, had talked with the company about a takeover or merging its agriculture business.

Intel working on augmented reality headset platform: The WSJ reports Intel is developing an augmented reality headset that leverages the company’s RealSense depth-sensing/gesture-recognition technology.

Steel tariffs look like a big win for U.S. steel stocks: Steel company shares are soaring following news of U.S. anti-dumping duties in the cold-rolled sheet trade case, with China receiving a 266% duty, which should effectively lock the country out of the U.S. market.

Facebook now has over 3M businesses actively advertising on its platform, up from 2M as of Feb. 2015. 70% of the businesses are outside the U.S.

Commentary
Strangest contest set to become reality as battle of sexes looms: First US election between a man and a woman is unlikely to lift its tone.
FT — Edward Luce

Trends
MBA: More business-school students are setting their sights on tech company product-management roles, which combine elements of marketing, design and problem-solving, students, faculty and recruiters say.

What happens when global trade goes virtual: You remember globalization, right? It was yuge back in the 1990s and 2000s. Worldwide trade in goods and services grew and grew. So did financial flows. The financial crisis of 2008 threw all that into reverse. A partial recovery followed in 2010, but since then something really interesting has been happening. After 2010, globalization stalled. Here’s a narrower, but more up-to-date, view using the fourth-quarter 2015 G-20 merchandise trade numbers released this week by the Organization for Economic Cooperation and Development.

Bloomberg

These are the US cities where women in tech earn more than men

WEF

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