Headlines about high-profile hedge-fund closures and performance troubles commanded the industry's attention in 2018. A year that started with promise for both established managers and new players quickly tanked after the second quarter's close. Fees are pushed lower with every new fund launch, and large managers like Dmitry Balyasny's firm laid off large swaths of…
IN APRIL THIS year The Economist launched Open Future, an initiative that aimed to start a conversation on liberalism in the run-up to our 175th anniversary. Open Future consisted of online articles, debates, podcasts and films. It culminated in a manifesto for a liberal revival, published on September 15th, and in a one-day event that spanned…
Those frustrations are widely held by NATO allies who have been America’s partners in Afghanistan. “It’s been getting increasingly harder to explain to European publics why we need to stay there,” said Tomas Valasek, a former NATO ambassador from Slovakia who is the director of Carnegie Europe. “Perhaps Trump’s tendency to disrupt things, including by…
Saudi Arabia kept key supporters of Mohammed Bin Salman in their cabinet jobs and brought in some new ones, in the first major government shake-up since the kingdom and its crown prince became the focus of an international outcry over the killing of Jamal Khashoggi. The ministers of finance, energy, economy, and trade — senior…
This year was a tough one for Apple. But things could get a whole lot better for the company in 2019. Apple's stock is well positioned to outshine its peers among the big tech companies, said Gene Munster, a managing partner at Loup Ventures and a longtime tech stock analyst. Changes in the way Apple…
Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. We looked back over the thousands of charts that we published in print and on the web in 2018 and have selected our twelve favourites. They aren’t necessarily our most read or widely shared infographics, but each has something to commend…
WASHINGTON — President Trump visited American military forces in Iraq on Wednesday, a surprise trip and the first visit to troops stationed abroad in a combat zone by a commander in chief who has made withdrawing the United States from foreign wars a signature issue. The trip, shrouded in secrecy, came in the midst of…
‘Tis the season for giving—especially if you’re trying to squeeze in some charitable tax breaks for 2018. Nonprofits may not see the influx of revenue they’re used to, however, as the Trump administration’s Tax Cuts and Jobs Act eliminated many incentives for giving. To gain more tax breaks via itemized charitable donations, individuals and couples…
An 8-year-old migrant child from Guatemala died at a hospital in Alamogordo, New Mexico, shortly after midnight on December 25 after being apprehended by US Customs and Border Protection, the agency said in a statement that was first reported by the San Antonio Express News. The statement said a Border Patrol agent noticed the child…
POLITICIANS HAVE always exploited the past. But just now, rich countries and emerging economies are experiencing an outbreak of nostalgia. Right and left, democracies and autocracies, all are harking back to the glories of yesteryear. Even as President Donald Trump vows to “Make America great again”, President Xi Jinping is using his “Chinese dream” to…
