ALEX BRUMMER: Rishi’s budget plan will make Britain less competitive

The folly of raising taxes: Chancellor’s budget plans risk making Britain less competitive, says ALEX BRUMMER
By Alex Brummer for the Daily Mail
Published: 16:55 EDT, 21 October 2021 | Updated: 06:17 EDT, 22 October 2021

There are a screed of caveats surrounding the fast improving state of the public finances. Not least is the fact that borrowing this year could still come in at, or above, £200billion.

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ALEX BRUMMER: Glaxo boss must send the private equity ghouls packing

Health test for Walmsley: Glaxo boss must send the private equity ghouls packing, says ALEX BRUMMER
By Alex Brummer for the Daily Mail
Published: 17:36 EDT, 12 October 2021 | Updated: 17:36 EDT, 12 October 2021

As the former boss of the Glaxosmithkline consumer healthcare division, Emma Walmsley has never been in any doubt that it is a crown jewel buried within the pharmaceuticals and vaccine champion.

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Are we really mindless victims of consumerism?

Are we really mindless victims of consumerism and advertising run amok?
The pontiff certainly thinks so. In his 2015 encyclical “Laudato si,” a blazing indictment of capitalism, Pope Francis proclaimed, “Since the market tends to promote extreme consumerism in an effort to sell its products, people can easily get caught up in a whirlwind of needless buying and spending. Compulsive consumerism is one example of how the techno-economic paradigm affects individuals.”
The anti-capitalist Noam Chomsky similarly criticizes the advertising industry.

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Public pensions must divest from China

ANALYSIS/OPINION:
China’s military grows stronger every day. And American taxpayer dollars are helping to fund its expansion. 
In California, top officials have allowed the investment of more than $3 billion to fund China’s Belt and Road Initiative, where they debt trap financially strapped countries. The Initiative expands the Red Dragon’s footprint worldwide with loans to build infrastructure, including deep-water ports and airports in other countries.

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Public pensions must divest from China

ANALYSIS/OPINION:
China’s military grows stronger every day. And American taxpayer dollars are helping to fund its expansion. 
In California, top officials have allowed the investment of more than $3 billion to fund China’s Belt and Road Initiative, where they debt trap financially strapped countries. The Initiative expands the Red Dragon’s footprint worldwide with loans to build infrastructure, including deep-water ports and airports in other countries.

Read original

Public pensions must divest from China

ANALYSIS/OPINION:
China’s military grows stronger every day. And American taxpayer dollars are helping to fund its expansion. 
In California, top officials have allowed the investment of more than $3 billion to fund China’s Belt and Road Initiative, where they debt trap financially strapped countries. The Initiative expands the Red Dragon’s footprint worldwide with loans to build infrastructure, including deep-water ports and airports in other countries.

Read original

Ousted Magazine Mogul Has a New Venture—and Influencers Are Torn

The owner of Black business empire Essence Ventures, who vowed to step away as the acting CEO of Essence magazine after being an awful boss during last year’s racial reckoning, is not-so-quietly asserting his power again—and Black influencers are torn.
In the summer of 2020, a Medium article was published with damning accusations against Essence’s owner Richelieu Dennis.

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ALEX BRUMMER: Natural disaster brewing in Britain’s mining sector

ALEX BRUMMER: Letting Rio Tinto follow BHP off to Australia would be a natural disaster
By Alex Brummer for the Daily Mail
Published: 16:51 EDT, 13 September 2021 | Updated: 16:51 EDT, 13 September 2021

London has proven a magnet for tech-related floats in 2021. In the first half of the year there were 49 listings on AIM and the main market, and they are still coming fast.

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RUTH SUNDERLAND: Digging deep Down Under with mining company BHP’s disappointing move

RUTH SUNDERLAND: Digging deep Down Under with mining company BHP’s disappointing move
By Ruth Sunderland for the Daily Mail
Published: 17:07 EDT, 17 August 2021 | Updated: 17:07 EDT, 17 August 2021

When your nickname is ‘The Big Australian’, it’s a clue as to your status in national life. No, not Crocodile Dundee or David Campese, but BHP, the quintessentially Aussie mining company.

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Capitalists Can’t Become Nicer

Review of Value(s): Building a Better World for All by Mark Carney (New York: PublicAffairs Books, 2021)

Oscar Wilde famously said that a cynic “knows the price of everything and the value of nothing.” Mark Carney’s book, Value(s): Building a Better World for All, repurposes this aphorism to describe how society operates today. He argues that markets are largely incapable of valuing — and hence protecting for future generations — the civic and natural systems on which we depend: health care, education, trees, aquifers, tillable land, etc.

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