7 Burst results for "Robin Harding"

"robin harding" Discussed on Money For the Rest of Us

Money For the Rest of Us

08:42 min | 3 months ago

"robin harding" Discussed on Money For the Rest of Us

"The price of oil needs to be above twenty five dollars. A barrel not negative. Thirty seven dollars. This situation is called a superpower tango when you have such a steeply rising futures curves where the futures price are in this case. October futures contract is double the June contract and it is the result of a huge supply demand imbalance with the economy being shut down in the US and around the world airlines are running at ninety percent below their capacity. People are working from home. There's less driving going on. The demand for oil has plummeted yet to supply has continued. Uso is trying to do to sort of stem the bleeding is. They announced this week. That over the next three days so yesterday today Tuesday April twenty eighth and Wednesday April. Twenty ninth when this episode is released that they're selling that June contract and they're going to be buying these other contracts with thirty percent will be in the July contract fifteen percent in August fifteen percent in September and then some in later contracts that means they're selling in oil contract for twelve dollars and then buying contracts that are worth eighteen dollars to twenty five dollars or more it's moving away from it stated goal of the ETF detract the short term price or the near term price of oil despite its woes USO. Has Three point. Six billion dollars under management up from one billion dollars at the beginning of the year and that's including eighty three percent loss. Who are all these investors? Well I learned something this week that I never knew that institutional investors hedge funds that want to short an etf they can get an authorized participants that is authorized to create and redeem shares of ETF's behalf of the sponsor to create new shares. That can then be shorted when you short a stock or an ETF you borrow the shares so you have to get the shares from somewhere. And if there's not enough shares then they can be created by an authorized participant. Here's how John Highland former investment officer of the United States Commodities Fund described. This process. He said a Hedge Fund wants to borrow ten million shares too short and it's easier and quicker for Merrill Lynch or whoever to just create them. The shares now belong to Maryl- maryl- will hedge their shares by being short the futures and lend the shares to the Hedge Fund for the Short Highland estimated that ninety percent or more of the short positions in USO involves professional traders so shares created by authorized participants. Such as Merrill Lynch that can be shorted and then Merrill is protected because Uso owns oil futures and Merrill just goes short oil futures so they're not exposed and then the hedge fund is able to short the ETF. It's estimated that fifteen and a half percent of the outstanding shares of Uso are being shorted that process is called create to land activity so they create the in order to lend it out. It's also known as synthetic short. I saw one paper where they described. How a Hedge Fund that wanted to borrow a particular stock too short. There was very difficult to get if a stock is hard to borrow. The cost to borrow can get quite high and so this particular hedge fund they shorted the ATF. A stock ETF that had their particular holding and then they went long or bought all the other stocks in that ETF except for the one they were trying to short to mazing the would do that. But that's a synthetic short. So that's what's going on with. Uso. It's in a very very difficult situation. Because of this. Huge supply demand imbalance that has created the super tango that is causing USO to lose money whenever they roll over the contract because they have to sell when the contract expires because they can't take delivery. The negative price is due to a storage issue. The Need to store what you buy there was a fascinating article this past week by Robin harding in the Financial Times. The title was or was not the only negative price coming to you. And the subtitle is minus. Prices are not uncommon even if they suggest infinite losses and generate horror. This storage problem is one example of a negative price. The Need to store what you buy or some things you just don't want it at all and because it costs money to dispose of it essentially has a negative price. We have bought houses in the past or land farmland whether it was stuff on the property or in the house and we just. We didn't want maybe it had value but we told the owner to sell it. You GotTa get rid of it or we're not gonNA close and from the seller's perspective. Maybe they don't want it and so maybe that item has value but because of the need to dispose of it to get rid of it to move it to transport it it has a negative price another example. That harding points out is electricity. You can't really store like trysofi. Costly and time consuming to shut down a power plant a coal plant or nuclear plant. How do you shut down a solar plant and if there's excess electricity because the sun is shining? There's there's not. There's not the demand. Oftentimes these power generators they. They will pay to get rid of it because of the excess supply and they they gotta get rid of it so they pay somebody to take it. Because it's not nutcase it's not easy to store I ran across recently. We have some solar panels at our cabin utility that we buy from. It's a cooperative. Fall River Electric. They recently changed the way they do. What's known as net metering with our solar panels and most people the on solar panels. Do you have the option? If you're solar panels create more power than you actually need. You can push that excess power onto the grid and get paid for it so instead of being excess power like a powerplant paying me to take it. In this case the utility is paying to take on this power but they've paying seven point four cents per kilowatt a retail price and going back and forth and emails with the director. He pointed out that their wholesale costs three point eight cents so they're paying an excess which means those members that don't have solar panels are essentially subsidizing. People like us that do and the way that Fall River worked is you could bank your excess power. So you've got these credits. At seven point four cents per kilowatt the many which were generated in the summer when there's more sunlight and then you could use those in the winter when you weren't generating enough power and perhaps you're using more power for to heat. Your House. They changed the rules to where you have to use your excess balance every month and it's I I was kind of Sep then going back and forth between the director of the board members secondhand. That makes sense now. I'm actually grateful that they're willing to at least pay. The retail rate director pointed out that nationally. The trend is to reconcile net metering instantaneously. So look at what. The power price is and pay wholesale rates in if there's too much power than not perhaps not bite at all or pay much lower rate but electricity and power is another example of where prices can go negative because there's too much of it and they have to get rid of it. The negative interest rates. Something we discussed an episode to sixty four of this show what happens.

Hedge Fund USO Merrill Lynch Uso Robin harding Maryl- maryl US Merrill Fall River director United States Commodities Fund Fall River Electric Financial Times
"robin harding" Discussed on As It Happens from CBC Radio

As It Happens from CBC Radio

04:57 min | 5 months ago

"robin harding" Discussed on As It Happens from CBC Radio

"GONNA do it. But but he hands her at work right now. Daniel are using any inspiration. Yeah I'll commit to it because you know the one thing that we've already touched on this. That's that's really interesting. As we have already and Margaret Skate Books and wasps book we'll write about heroism and people and as a frontline health care worker. I I just find ons. Firing of the heroism from our cleaners. You know who are risking themselves just by cleaning the surfaces stepping up to the plate people are running into the burning building instead of away from it. It's truly inspiring again with anything like that. There there are some homes in that there are some runaway as fast as they can and and others will just hunker down and and become observers amazingly Margaret. I haven't seen anybody on my local front. I haven't seen anybody turn away from this. God knows I'm capable of profound cowardice but to to see how everybody just rises and realizes it's their duty to respond in Italy. Eight percent of the victims are healthcare workers. All right did so. We don't end on this note. I wanted to ask you to give us something. I know the Margaret some of the recommendations. You made were for Edna. O'brien Wharton Jane Austen just maybe An an an a book that might lift your spirits. Anyone all of those are fun to read and not about flags and I'm reading on another one By Valerie Martin I'll give it to you and it opens in an Idyllic. I Dillon Italian villa. Well we need that love and this suggestion well. I will stick with the theme that I think we've explored today mostly because I believe indigenous authors. Have this interesting perspective of Dystopia and post apocalypse. So I will recommend the Marathi is by Schrudem alive. He's your home of the living by Louise. Eric and Corbett by Harold John and Daniel. If I were to choose three off the top of my head right now I would say Robert Harris's Pompeii because it's such a fun. Read an and then a friend of mine Robin harding who writes really sexy thrillers. One called the arrangement which is a real nice escapism and then for a war novel Stephen. Hart off the soul of a cease and amazing. But we're going to try and put the reading list together for our listeners. Because all these shut ins it's been great to speak with you Margaret and Daniel and Wab and I hope you're all and your families are healthy. Remain that way. Thank you. Bye-bye Margaret Atwood the author of the Apocalyptic Mad Atom Trilogy. And so many more wonderful books. We reached her in Toronto. Daniel Calla is an emergency room physician at Saint Pauls Hospital in Vancouver and the author of a number of novels about pandemics and Geisha Grace is the author of moon of the crusted snow and a CBC host in Sudbury where we reached him today for a recap of their suggestions you can visit our website at CBC DOT CA SLASH AI H. And for more in the meantime here's an excerpt from the audiobook of moon of the crusted snow narrated by Cree actor Billy Morality. The cold upstairs meant the wood stove in the basement was out and with electricity. Now off to the baseboard heaters hadn't kicked in to compensate for the dead fire. Sometimes they would forget to feed the fire before bed knowing that if it died down electric heat would kick in a power. Outages happened regularly enough to remind them to stay on top of it. As as it's freezing in here. She heard Evan say behind her. It walked out into the bright kitchen wearing a black tracksuit and thick wool socks. Yeah Power's out. Nicole replied really noticing. This surprised uptick in his voice. She tried to reassure both of them. Yeah we just forgot to put more wood in the stove. She said remember when this happened last winter. His shoulders relaxed slightly. Oh Yeah Hey he said better. Go down and start that up again. He scratched his head. Hopefully the power comes back on soon or just. GonNa be cereal and cold bread for breakfast. Like most of the homes that had been built or brought in prefabricated in the last decade. There's relied heavily on electric appliances. That's cre- actor Billy Morass narrator of the audiobook version of Guizhou Crisis Moon of the crusted. Snow.

Daniel Calla Margaret Margaret Skate Books Evan Margaret Atwood Jane Austen Valerie Martin Billy Morass Nicole Stephen Robin harding Edna Toronto Italy Robert Harris Schrudem Louise Hart Guizhou
"robin harding" Discussed on As It Happens from CBC Radio

As It Happens from CBC Radio

04:56 min | 5 months ago

"robin harding" Discussed on As It Happens from CBC Radio

"But he hands her at work right now. Daniel are using any inspiration. Yeah I'll commit to it because you know the one thing that we've already touched on this. That's that's really interesting. As we have already and Margaret Skate Books and wasps book we'll write about heroism and people and as a frontline health care worker. I I just find ons. Firing of the heroism from our cleaners. You know who are risking themselves just by cleaning the surfaces stepping up to the plate people are running into the burning building instead of away from it. It's truly inspiring again with anything like that. There there are some homes in that there are some runaway as fast as they can and and others will just hunker down and and become observers. Margaret. I haven't seen anybody on my local front. I haven't seen anybody turn away from this. God knows I'm capable of profound cowardice but to to see how everybody just rises and realizes it's their duty to respond in Italy. Eight percent of the victims are healthcare workers. All right did so. We don't end on this note. I wanted to ask you to give us something. I know the Margaret some of the recommendations. You made were for Edna. O'brien Wharton Jane Austen just maybe An an an a book that might lift your spirits. Anyone all of those are fun to read and not about flags and I'm reading on another one By Valerie Martin I'll give it to you and it opens in an Idyllic. I Dillon Italian villa. Well we need that love and this suggestion well. I will stick with the theme that I think we've explored today mostly because I believe indigenous authors. Have this interesting perspective of Dystopia and post apocalypse. So I will recommend the Marathi is by Schrudem alive. He's your home of the living by Louise. Eric and Corbett by Harold John and Daniel. If I were to choose three off the top of my head right now I would say Robert Harris's Pompeii because it's such a fun. Read an and then a friend of mine Robin harding who writes really sexy thrillers. One called the arrangement which is a real nice escapism and then for a war novel Stephen. Hart off the soul of a cease and amazing. But we're going to try and put the reading list together for our listeners. Because all these shut ins it's been great to speak with you Margaret and Daniel and Wab and I hope you're all and your families are healthy. Remain that way. Thank you. Bye-bye Margaret Atwood the author of the Apocalyptic Mad Atom Trilogy. And so many more wonderful books. We reached her in Toronto. Daniel Calla is an emergency room physician at Saint Pauls Hospital in Vancouver and the author of a number of novels about pandemics and Gisha Grace is the author of moon of the crusted snow and a CBC host in Sudbury where we reached him today for a recap of their suggestions you can visit our website at CBC DOT CA Slash Ai H. And for more in the meantime here's an excerpt from the audiobook of moon of the crusted snow narrated by Cree actor Billy Morality. The cold upstairs meant the wood stove in the basement was out and with electricity. Now off to the baseboard heaters hadn't kicked in to compensate for the dead fire. Sometimes they would forget to feed the fire before bed knowing that if it died down electric heat would kick in a power. Outages happened regularly enough to remind them to stay on top of it. As as it's freezing in here. She heard Evan say behind her. It walked out into the bright kitchen wearing a black tracksuit and thick wool socks. Yeah Power's out. Nicole replied really noticing. This surprised uptick in his voice. She tried to reassure both of them. Yeah we just forgot to put more wood in the stove. She said remember when this happened last winter. His shoulders relaxed slightly. Oh Yeah Hey he said better. Go down and start that up again. He scratched his head. Hopefully the power comes back on soon or just. GonNa be cereal and cold bread for breakfast. Like most of the homes that had been built or brought in prefabricated in the last decade. There's relied heavily on electric appliances. That's cre- actor Billy Morandi narrator of the audiobook version of Guizhou Crisis Moon of the crusted. Snow.

Daniel Calla Margaret Skate Books Evan Margaret Atwood Jane Austen Valerie Martin Margaret Billy Morandi Nicole Stephen Robin harding Edna Toronto Italy Robert Harris Schrudem Louise Hart Guizhou
"robin harding" Discussed on FT Banking Weekly

FT Banking Weekly

02:19 min | 7 months ago

"robin harding" Discussed on FT Banking Weekly

"Expected <Speech_Female> markets to <Speech_Music_Female> be strong. They is <Speech_Female> in Christ and to be <Speech_Female> as strong as they were. <Speech_Female> So in the <Speech_Female> case of J. P. <Speech_Female> Morgan trading revenues <Speech_Female> rose fifty six <Speech_Female> percent in the <Speech_Female> fourth quarter versus <Speech_Female> a year earlier. The <Speech_Female> buying had guide us. I <Speech_Music_Female> thought is would be meeting. <Speech_Music_Female> <Speech_Music_Female> But people didn't think <Speech_Music_Female> that by meaningfully. <Speech_Female> They meant more than fifty <Speech_Female> percents when <Speech_Female> the case of <SpeakerChange> city as well <Silence> also showed a big <Speech_Male> jump just <Speech_Male> out of interest lower the J.. AP <Speech_Male> Morgan Return <Speech_Male> on equity number. You mentioned <Speech_Male> getting <Speech_Male> close to pre-crisis <Speech_Male> levels. Well actually was <Speech_Male> the number <SpeakerChange> for two <Speech_Female> thousand nineteen <Speech_Music_Female> so if we look at it on the basis <Speech_Music_Female> of return on tangible <Speech_Music_Female> J. Taping <Speech_Female> Morgan tasted <Speech_Music_Female> nineteen percent twenty <Speech_Music_Female> nineteen. <Speech_Female> That's behind <Speech_Female> level. We saw <Speech_Female> since two thousand <Speech_Music_Female> seven <Speech_Music_Female> when they did twenty two percents <Speech_Female> they had twenty four percent. <Speech_Female> Intestments six <Speech_Female> so they really <Speech_Female> have mine she get <Speech_Music_Female> return to shareholders. <Speech_Music_Female> Back right <Speech_Music_Female> off there again. <Speech_Female> Even though they're not holding <Speech_Female> so much more equity <Speech_Male> than <SpeakerChange> they previously <Speech_Male> just so <Speech_Male> j. p. t. <Speech_Male> both riding <Speech_Male> a high <Speech_Male> at least for the time being <Speech_Male> wells <Speech_Male> Fargo is the <Speech_Male> third companies ripple <Speech_Male> on Tuesday <SpeakerChange> a very <Speech_Male> different story there <Speech_Female> Yeah Wells <Speech_Female> Fargo just continues Tangier <Speech_Female> to show signs <Speech_Female> of this scandal. <Speech_Female> They really have managed to <Speech_Female> stay off so basically <Speech_Music_Female> bathing suffering <Speech_Female> for years. Now <Speech_Music_Female> they have a new chief executive. <Speech_Music_Female> They've put through <Speech_Music_Female> a lot of costs in <Speech_Music_Female> the fourth quarter <Speech_Music_Female> and <Speech_Female> they managed to miss <Speech_Female> on pretty much everything <Speech_Music_Female> I mean. They missed <Speech_Music_Female> on the revenues by <Speech_Music_Female> a pretty narrow of <Speech_Music_Female> mind but they also <Speech_Music_Female> missed <Speech_Music_Female> on earnings by quite <Speech_Music_Female> abyss. non-interest <Speech_Music_Female> noninterest expenses <Speech_Music_Female> were high litigation. <Speech_Music_Female> Costs were high. <Speech_Music_Female> So the new <Speech_Music_Female> chief executive char-e-sharif <Speech_Music_Female> he's basically <Speech_Music_Female> saying that he has to <Speech_Music_Female> come in and make fundamental <Speech_Music_Female> changes on <Speech_Female> the there are clearly the <Speech_Music_Female> opportunities to improve <Speech_Music_Female> the banks perform <Speech_Music_Female> on the anybody would <Speech_Music_Female> debate. Fash so <Speech_Female> I <SpeakerChange> guess what we <Speech_Female> see here is a <Speech_Music_Female> new chief executive <Speech_Music_Female> coming in is often <Speech_Female> element of Seo <Speech_Music_Female> wanting to kitchen sink think <Speech_Music_Female> or at <Speech_Music_Female> the bad charges in <Speech_Music_Female> their first quarter <Speech_Music_Female> on. Then <Speech_Female> that Kinda cares the DAX <Speech_Female> for him to try to <Speech_Music_Male> show <SpeakerChange> progress <Speech_Male> and going forward <Speech_Male> Charlie Schaaf <Speech_Male> of couse. JP JP <Speech_Male> Morgan alumnus. <Speech_Male> So they must be hoping <Speech_Male> that some of that. Jp <Speech_Male> Magic <Speech_Male> <Advertisement> rubs off on them. <Speech_Music_Male> We'll keep <SpeakerChange> an eye. <Speech_Music_Male> <Advertisement> Thanks for that. Laura <Speech_Music_Male> <Speech_Music_Male> that's <SpeakerChange> all for this <Speech_Music_Male> week. Thank you very much <Speech_Music_Male> to David. <Speech_Music_Male> <Advertisement> Crow Robin Harding. <Speech_Music_Male> <Advertisement> And Laura Newnan. <Speech_Music_Male> <Advertisement> And I'll <Speech_Music_Male> <Advertisement> get this week. Christine <Speech_Music_Male> <Advertisement> Wilson from Cher <Speech_Music_Male> <Advertisement> action. <Speech_Music_Male> <Advertisement> Thank you for listening. <Speech_Music_Male> <Advertisement> Remember you can keep up to <Speech_Music_Male> <Advertisement> date with the latest spanking <Speech_Music_Male> <Advertisement> stories at <Speech_Music_Male> <Advertisement> after dot com slash <Speech_Music_Male> <Advertisement> banking <Speech_Music_Male> <Advertisement> banking weekly was <Speech_Music_Male> produced by <SpeakerChange> Simon <Speech_Music_Male> until next week <Speech_Music_Male> bye

chief executive Morgan J. P. Tangier Charlie Schaaf Wilson Laura Newnan. David. Robin Harding.
"robin harding" Discussed on FT Banking Weekly

FT Banking Weekly

03:36 min | 7 months ago

"robin harding" Discussed on FT Banking Weekly

"Nineteen story to see it play at the Sheldon meeting. Thank you very much for joining US Christine from Cher action. But let's move on now to a second topic and a look at the Japanese banking sector joined by Robin Harding Tokyo Bureau Chief Robin. Thanks for joining us. It's it's an interesting bit of news. That basically Japan's top regulator has come up with a pretty drastic plan to shake up the regional lenders in Japan. which have been through a pretty torrid time? Thanks to the ultra low interest rate environment and generally low growth in the domestic market. Tell tell us more so it's really interesting. This was an interview with the F.. T. and the chief of the Financial Services Agency pushy pushy. He Day Endo ran through was really quite a huge programme of reform of Japanese regional banks. He's been laying out over the last few months so the regional banks have real problems very well known as a declining population in Japan and that affects regional Japan by struggle so the banks have a huge problem in that the the loan demand for them they have huge deposits from the increase in elderly populations in the regions but not lend themselves well. They used to was by Japanese government bonds which yielded cheap sense but because of the Bank of Japan's best interest rates. They no longer do. So if you spank Sabine suffering comically low lower profitability the FA is basically decided is A. There's no way out of this and they're not going to sit there and regulate the loan books but instead they're going to try and push the banks to completely change that business models and the kind of thing that's being suggested is that you know you regional banks you'll the only people in your region who know anything much about finance. So the idea is that the regional banks I actually had volleys companies on how they should grow. What might be a Newell Corporation whether they sell brewed and even that they could be on that and become management consultancies to these companies or even actual trading in companies buying the product or regional companies and setting them on to customers? And when you think about that's amazing Khoza Bank is that is really quite a big departure departure and so this program the FSI is rolling out has the potential to reshape. The Japanese regional banking system quite significantly a final thought. Thought from you. Obviously Japan is kind of Petrie dish for the financial experiment that we're seeing much of the rest of the world now that Japan was basically the head of the curve. Not necessarily a good way but other lessons here for European banks in particular that are finding it very difficult to you make money in a ultra low interest rate world. Japanese banks haven't pulled off this trick yet of transforming business models low. I think there is a lesson in what the Jeff Essay has discovered because for twenty years after Japan's banking crisis in the Nineteen Ninety S. They basically responded by being extremely strict regulators and just being by the book on what the Regional Banks able sled those fine as far as it went. What is done is perpetuate this problems? They have no sustainable business model and they way of making money so if this new experiment this attempt to change the business model is successful. I think it will provide a really interesting model for others. In Europe and elsewhere follow in the future.

Regional Banks Japan Bank of Japan Robin Harding Tokyo Bureau Chief Sheldon Christine Europe Financial Services Agency Endo Khoza Bank Newell Corporation Sabine Nineteen Ninety Jeff Essay Petrie
"robin harding" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

04:20 min | 1 year ago

"robin harding" Discussed on Monocle 24: The Briefing

"It is twenty one minutes past the hour, and we continue with Lucas today's newspapers to into the studio by monocle zone, definite uneasy after noon, how you doing this Monday. Thanks get. Thanks. Are you looking at the financial times to sauce with? Yeah, I've got the financial times here, and it's a story that's being picked up by a lot of different media outlet. So the FT's editor Lionel baba and the FTC Tokyo bureau chief, Robin, Harding interviewed Japan, Japanese prime minister Shinzo Ave, and the headline that's coming out of it is that Shinzo Abe has said that he would welcome Britain with open arms after it leaves the EU something that I guess remarks likely be seized on by by break stays and he's talking about Brisson's membership possible membership of the TPP the Trans-Pacific Partnership. Basically, it's a trade deal which involves eleven Pacific countries, including Japan, Vietnam, Alasia, Canada, Mexico straightly among them. And of course, if Britain were to enter, it would only be after its withdrawal from the EU customs union. And of course, you know, obeys been kind of trying. To bolster the the agreement. After of course, Donald Trump took the US out of the deal on his first days in office. And on the other hand, it is quite a relief for Britain, I guess to hit this especially because recently we heard, you know, certain Japanese manufacturers voicing frustration, you know about the way that the Brexit is being handled so far and warning that you know it could hit production force them to rethink their investments in the UK executives is definitely good news for at least for the UK's Brexit. Here's maybe not so good news for Prime Minister Theresa may who's checkers deal woods. Possibly still keep the UK connects to the European Union one way or another. Considering that basically what Shabani saying that that the UK could join the Pacific trade pacts only if the country leaves the us customs union. Exactly. Yeah. So we'll have to see how she reacts to those comments exact. Looking forward to that. Well, we'll see all the story for today. So my other story is very interesting one for the New York Times. International addition from here it here in London. The first competely vegan, fish and chips. Shop has opened in Hackney. It's really interesting. So it's Islam. Exactly. So it's an offshoot from an existing of fish and chips chain could Sutton and sons. So they've just open this new store. How is the fake fish made York? So the ingred the main ingredient is banana blossom, which is an edible flower that comes from Vietnam and what they're doing is they're marinating it with seaweed, which is kind of creating that fishy taste that when you know fried it resembles a butter that we associate with fish and chips. So you know, usually when when it comes to substitutes for Fisher media, tofu is what's used. But you know what the founders of the shop is saying here is that that that doesn't really taste anything like fish. So it's really the combination of that banana blossom with the seaweed that's making that fishy taste. I'm actually quite curious. I was speaking to a vegan colleague of us here this morning, and she said that she will go and try it. Definitely. So you know, I'm for trying different things. Definitely. Canoes is. Thank you very much. It's twenty minutes past the are you're listening to the briefing. Today's program. Australian researchers say they have developed a new phones of us. Good help students cramming for exams. It's called sense forgetting, and it allegedly helps the reader retain information. So how does the phone work? I've been speaking to Stephen Benham who is typography lecture at our IT university in Melbourne. He's team helped develop the phones. Piece of research that was created for this project was actually one that was came out of the arm IT behavioral business lab. The baby l..

EU Britain UK Shabani Stephen Benham Vietnam Shinzo Abe New York Times US Japan Lucas Donald Trump Prime Minister Hackney Harding London York
"robin harding" Discussed on FT World Weekly

FT World Weekly

02:14 min | 3 years ago

"robin harding" Discussed on FT World Weekly

"Hello and welcome to this edition of welt weekly i'm gideon rachman today we're looking at the election and japan prime minister shinzo obeys called an early vote but suddenly finds himself in a tough a fight than had balkan four dottie me on the line from tokyo is up bureau chief robin harding and here in the studio wrote to blitz who writes about the japanese economy rubbing why do since awhile baked call this election so elian is fat is that's hasn't gone entirely to plan so an awful lot has happened in japanese politics in the last week which almost invalidates the assumptions that june's labbe cooled this election based on the most fundamental of which was that the opposition was in the complete mass and that will it was the perfect time to exploit that by calling him election against the backdrop of a crisis in north career that makes him look prime ministerial that makes him be able to betray himself was a strong leader and use that to renew his mandate for another four years and ideally secure the auction seepage he has long sought to change japan's pacifist constitution that's the situation a week ago however an awful lot has happened since then and in particular the opposition suddenly and rather dramatic got its act together and the formation of a whole new policy and a charismatic leaders emerged so what happened is the governor of tokyo who is a charismatic and popular woman cooled utica quite unexpected unexpectedy declared three and a half hours before mr abbas press conference to cool the election but she was going to become the leader of a new party which is called the party of hope the best or worst posse name ever and she was going to lead his party into the election so it is not the case your position got his act together but ms quick hey emerged as an opposition figure to ron against mr obey in the election she didn't and this will become crucial laser say that she herself who's going to stand but she is nonetheless the figurehead of the party and as far as i can understand that the two parties are essentially in ideological terms not that different it's more of a con a personality clash.

gideon rachman prime minister tokyo robin harding japan mr abbas shinzo bureau chief elian utica ron four years