At a Japan Society forum today in New York, a deputy to Prime Minister Shinzo Abe suggested that the third “arrow” of his economic rejuvenation policies, the reform element or “growth strategy,” be given an A- grade to date. The granularity was of help to a foreign audience, although skepticism about the overall Japanese recovery is growing as the latest GDP numbers showed a tailing off.
Carsten Brzeski, European economist at ING, gives EU governments a 'B' to 'B+' grade for the Europe's planned banking union, which entails single supervision of banks by the European Central Bank and a system for winding down failed lenders. He also sees the first signs of growth throughout the EU, led by Germany. Brzeski also doesn't expect to see large-scale bond purchases by the ECB anytime soon, calling ECB President Draghi on his 'bluff.'
Iran is halting its higher-grade uranium enrichment. That was the announcement made Monday by Iran's atomic energy chief Ali Akbar Salehi. He told Iranian state TV the suspension was happening at two plants, Natanz and Fordow.
Microsoft may be king when it comes to software, but the company is still struggling to find success in a world moving increasingly away from the personal computer. No high marks when it comes to consumers' response to Microsoft's latest products like the Surface. Ross Rubin of Reticle Research:
Big data is making its way to HR departments, as more employers use "people analytics" to predict an employee's potential to flourish. With firms like Microsoft dropping old ways like stack ranking, will the shift to analytics be a force for good?