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This Day in Econ History - On this day in 1995 AT&T announced that it would voluntarily break itself up into three different companies. The company's divide and conquer
attitude was the brunt of many jokes in the business world. But when company announced an 11 percent gain in their stock AT&T was the one laughing.
Tomorrow's Bank of Japan and Federal Reserve meetings are serving to dampen activity in the foreign exchange market. The US dollar is little changed against the euro, yen, and sterling. The Antipodeans are firm.
The dollar-value of all the goods and services the US produces has never been larger. Two other metrics capture the recovery. These two Great Graphics come from the Wall Street Journal and draw from Census Bureau figures.
Africa is becoming a new strategic playground where economic and geopolitical rivalry between Asian powers compels Japan to compete in a contemporary struggle for influence. Japan’s decision to hold the Sixth Tokyo International Conference on African Development (TICAD) on African soil in August 2016 — for the first time in TICAD’s 23-year history — is just one example of its invigorated engagement with the
region.
Relations have been good between Singapore and Indonesia, but challenges still lie ahead. The upcoming leaders’ retreat for Singapore’s Prime Minister Lee Hsien Loong and his Indonesian counterpart, President Joko Widodo, will coincide with the golden anniversary (50 years) of formal diplomatic ties between the two nations. Considering how far bilateral relations have come, this is certainly an occasion for
celebration.
