As brands globally face a backlash for racial overtones of their products, Unilever Plc decided to rename its melanin-suppressing cream Fair & Lovely. It’s not alone. Last week, Johnson & Johnson decided to stop selling fairness products as the ‘Black Lives Matter’ movement rages worldwide. Others may follow suit. This may impact the brands in […]
Pessimistic Pros Missed the Big Rally, and So Did Many Americans
(Bloomberg Businessweek) — The U.S. stock market’s rally since late March has been hard to take for many people—including those professional investors who stayed pessimistic too long and missed out on much of it. Continue Reading. Read more on Businessweek by BloombergQuint.
Racial Repression Is Built Into the U.S. Economy
(Bloomberg Businessweek) — The economics profession has had a hard time getting a fix on racial discrimination. Quite apart from its cruelty, it seems … illogical. Continue Reading. Read more on Businessweek by BloombergQuint.
Virus A Threat To Financial System As Impact, Recovery Uncertain, Says Panel
The coronavirus poses a ‘serious’ threat to the stability of global financial system as both its impact and time of recovery are uncertain, according to the Financial Stability and Development Council chaired by Finance Minister Nirmala Sitharaman. The council, comprising financial market regulators and heads of a few government departments, met on Thursday to review […]
7-8% Growth In Medium Term Must For Sustainable Debt Path, Says NK Singh
Achieving 7-8 percent growth in the medium term is critical and central to move towards a sustainable debt trajectory, Chairman of 15th Finance Commission NK Singh. “Going to next year, we must not have that monotonic behaviour that it’s a base year correction,” he told reporters in Delhi today. “Important to see how sustainable it […]