Media Navel Gaze: September 21, 2015
The Week Unpeeled
It seemed like last week was all about the "rehink." The Fed left interest rates unchanged, which meant many were forced to re-assess investments and continue to play the when-will-Yellen-pull-the-trigger game ("We want a little more time," she said.); President Obama is reportedly reconsidering his Syrian strategy (a few options on the table, it seems); and several of the Republican presidential candidates no doubt changed their debate style last week and in short took shots at Trump (Carly Fiorina benefited);
- Greece elected the radical left-wing party to hold a majority in parliament;
- GM admitted to criminal wrongdoing in mishandling a defective ignition switch and agreed to pay a $900-million fine;
- Bigger Beer Bellies: Anheuser-Busch InBev planning to acquire SABMiller;
- The Fed's steady-for-now policy pushed stocks even further, with the Dow now down some 8.07 percent for the year to close Friday at 16,384;
- The Pope is coming to America and New York following his current visit to Cuba;
- Facebook is going to begin testing a "dislike" button (this will be fun!);
- Big layoffs expected at the LA Times soon;
- Clock kid happened
- According to Jorge Bittar, head of state-run telecoms company Telebras, this week, Brazil will boost its Internet communications to reduce dependence on US hubs and be able to host global data centers for heavy users like YouTube and Netflix; and
- The Brazilian real fell to a 13-year low on Friday as political and economic problems at home outweighed bets that the US Federal Reserve may still take a while to raise interest rates.
- Early this week, the Mexican central bank will announce its decision on monetary policy, as inflation is a historic lows; and
- Last week, the Mexican authorities and congress ratified Dr. Agustin Carstens as governor of the central bank, renewing his term for another six years, which was expected and welcomed by the markets and financial sector representatives.