Fareed Zakaria GPS – CNN 04-24-16

Salient to Investors:

Fareed Zakaria said Saudi Arabia is responsible for the spread of extremist interpretation of Islam and has created a Frankenstein monster that threatens itself as much as the West.

Gregory Gause said Saudi Arabia lost control over the global extremist Islamic movement in the 1980s and has been its target since the 1990s.

David Petraeus said Saudi Arabia switched from a tacit supporter to an aggressive foe of jihadi groups.

Fred Kaplan at Slate said terrorists could not shut down the power grid over the US or an entire region because of decentralization, but could shut down, say, the Eastern Seaboard for some time. Kaplan said 20 countries have cyber units in their military.

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Fareed Zakaria GPS – CNN 04-17-16

Salient to Investors:

IEA predicts coal consumption in OECD countries will fall 40% by 2040.

Julia Ioffe at Foreign Policy said:

The Saudi regime is in no danger of collapse and is still a strong US ally.

What is happening in Brazil is a sign of healthy cleansing, unlike Russia, where what the Panama papers revealed is far worse that anything Brazil has done. Russian courts will never go after the corrupt, but instead will pursue the corruption fighters.

Ed Luce at The Financial Times said Islamophobia is not weakening democracy but weakening constitutional liberalism.

Brett Stephens at The Wall Street Journal said:

Saudi Arabia could collapse should low oil prices continue, ISIS expanded into Saudi Arabia, the bad war with Yemen, and especially should the current trio of leaders fails.

Brexit would mean Scotland would try to leave Britain and join Europe.

Islamophobia is part of the poison of low growth. Contrast Germany which was able to absorb huge Muslim immigration during the post-war era of 3%-4% growth.

Brazil is the country of the future and always will be.

Gideon Rose at Foreign Affairs said:

Saudi Arabia has internal legitimacy, relatively good finances, strong control over their territory.

Vice President Temer of Brazil is not a particularly strong replacement if President Dilma goes, so no dramatic change or recovery soon.

Brazil’s problems will not destroy the world economy overall.

Julia Rozovsky at Google said their most effective teams all possess psychological safety, i.e. team members can take a risk without fearing being shot down or ridiculed.

Charles Duhigg at The New York Times said:

Researcher Amy Edmondson found that physiological safety has two components: first, the team has to feel like everyone could speak equality and second, the team exhibits social sensitivity, i.e. listening skills.

Saturday Night Live – a team of egomaniacal comedians and writers who for most of their lives hated other people – succeeded because Lorne Michaels forces everyone in team meetings to say something.

Watch the video at http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/ or read the full transcript at http://transcripts.cnn.com/TRANSCRIPTS/1604/17/fzgps.01.html

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Fareed Zakaria GPS – CNN 04-10-16

Salient to Investors:

Fareed Zakaria said:

 

 

In 2015, Gabriel Zukman at Berkeley estimated the wealth held in tax havens was at least $7.6 trillion, or 8% of all household wealth: higher proportion in developing countries, 20%-30% in many Latin American and African nations, and up to 50% in Russia.

Americans need not go offshore to keep their finances secret. Matthew Gardener at the Institute on Taxation and Economic Policy said the Tax Justice Network ranked the US the third worst offender for financial secrecy. It is easier to set up a secretive shell company in Delaware and Nevada than in the Cayman Islands.

Robert Gordon said:

The lack of recent real innovation and productivity has stifled the middle class. Since 1970, the invention of the computer, communications, mobile phones have been a much smaller part of human existence than the great inventions of the early 20th century. The invention of electricity, the light bulb, the internal combustion engine and air travel, far outweighs the invention of the Internet, cell phone, mapping of the human genome.

The way our offices work has been static since 2005 as productivity has grown at only 0.5% per year for the past 6 years.

The house in 1870 was completely isolated, but by 1940, had electricity, gas, telephone, running water and sewage removal. In 1890, the chances of a baby dying was 22% in the first year but by 1950 had fallen below 1%.

New York City is only possible because of electric elevators.

The 14 million new jobs created since the recession was over are disproportionately low-paying, service sector, restaurants, retail, temporary help jobs, while we have permanently lost jobs in manufacturing and construction.

Andrew McAfee said:

The 1880s to 1910s was an extraordinary period of transformation. We are on the cusp of a similar transformation, enabling the majority of humans to access and contribute to much of the world’s accumulated knowledge.

Advances in artificial intelligence and machine learning will spread quickly because of cloud computing and because of demand, and will rewrite how much of white-collar work is done.

You cannot be pessimistic about jobs and pessimistic about technology because the headwinds from jobs and wages exist because of tech progress.

Arianna Huffington said:

A full night’s sleep, 7 to 9 hours for most people, helps you live a fully active life without stress, and with more joy, creativity and better decision-making.

Sleep before the Industrial Revolution was revered.

Trump displays all the symptoms of chronic sleep deprivation: inability to process even simple information, mood swings, irritability, trouble listening to others, paranoid tendencies, constant regurgitating of pabulum.

 

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Fareed Zakaria GPS – CNN 04-03-16

Salient to Investors:

Fareed Zakaria said:

The Islamic State is the ultimate gang, celebrating violence for its own sake.

Phil Mudd at CNN said:

The facts show we do not have a significant terror problem in the US.

What is happening now is more a cult than religious extremism.

David Remnick at The New Yorker said:

There is a worldwide distrust of democratic norms, and anxiety about immigrants. The browning of the US is happening throughout Europe because of Middle East immigration.

Ted Cruz will not win because he is unattractive and people cannot stand him – his support is from people fearful of Trump.

E.J. Dionne at The Washington Post said:

Contemporary American conservatism is a history of disappointment and betrayal, of promises to win support from their base that were not kept.

White working-class voters, a linchpin of the Republican coalition since Nixon in 1972 or Reagan in 1980, have almost nothing to show for their support materially; their living standards have fallen.

Trump represents a peculiar ‘Europeanization’ of American politics and which is ultimately partly why he will be unsuccessful in the long run.

Geoffrey Kabaservice said

An eruption of populist sentiment is behind ‘Trump’.  Real wages for blue-collar workers have been flat since 1970, versus double between 1940 and 1970.

Most political parties in American history have been coalitions of interests, while ideological parties are no more stable.

 

Watch the video at http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/ or read the full transcript at http://transcripts.cnn.com/TRANSCRIPTS/1604/03/fzgps.01.html

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