Interest rates are really starting to bite. Cash is now expensive. Cross-border flows are being driven by 'how do I get away from negative yields', as rates go lower and curves go flatter, finding yield by extending duration is clearly running out of steam.

Stephen Cohen

Categorized in : Business

The cost of acquiring new customers and maintaining those relationships in an online environment versus bricks and mortar is significant.

relationships new online environment

On March 11, 1985, Mikhail Gorbachev became leader of the Soviet Union, and within a few weeks the full-scale reformation he attempted to carry out both inside his country and in its cold war relations with the West, particularly the United States, began to unfold.

cold leader war country

The essential meaning of perestroika for Gorbachev and his supporters was creating and acting on alternatives to failed and dangerous policies at home and abroad.

meaning dangerous acting home

The opportunities that Gorbachev created for international relations have also been missed, perhaps even lost - here, however, primarily because of the United States.

here opportunities missed lost

There remains, however, the hope, at least in Russia, that, as sometimes happens in history, the memory of lost alternatives will one day inspire efforts to regain them.

memory day hope history

Thirteen years after the end of the Soviet Union, the American press establishment seemed eager to turn Ukraine's protested presidential election on November 21 into a new cold war with Russia.

end november election war

But critics of the war have no reason to regret their views. by Stephen Cohen

But critics of the war have no reason to regret their views.

no-reason regret reason war