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Breakingviews - Goldman’s glum juniors are a reversion to the mean

Happiness is relative, and little makes that more apparent than the complaints of Goldman Sachs’ junior bankers. The 13 worker bees who created a leaked slide deck protesting “inhumane” conditions deserve some sympathy, even though they’re faring better than most Americans. Their self-pity is a worrying sign for Wall Street, though. It suggests the way wealthy people think about work is changing, or changing back.

Breakingviews - Review: When “Ocean’s Eleven” meets Chapter 11

In the slick 2001 remake of “Ocean’s Eleven” with George Clooney in the title role made famous by Frank Sinatra some four decades earlier, there’s a cautionary tale about the sheer audacity of the heist being planned. “The closest any man has ever come to robbing a Las Vegas casino was outside of Caesars in ’87. He came, he grabbed…” explains the wearied mogul Reuben Tishkoff while a fictional flashback shows guards shooting the sprinting thief in the back. “T

Breakingviews - Naspers can tackle one-third of Tencent problem

Naspers’ Tencent problem is as big as ever. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Chinese internet giant, which is currently worth around $239 billion. The three basic causes remain the same: Naspers’ inability to easily sell the shares, its reluctance to do so, and its outsized weighting on the Johannesburg Stock Exchange. The last one looks the easiest to fix.

Breakingviews - Guest view: Japan’s socialist equity trap

The Bank of Japan’s policy review meeting that ends Friday is significant not for what will say but for what it won’t. The accumulated effects of a long-running policy that has seen the central bank steadily buy up exchange-traded equity funds have turned Japanese equity markets into an experiment in financial socialism. Officials seems to have no idea of how to restore free market functions.

Breakingviews - Cox: Global vax race is lesson in risk appetites

Last week, Sergio Mattarella, the president of the Italian Republic, received the first dose of the Moderna coronavirus vaccine at the Spallanzani hospital in Rome. That was a few days after my friend Brad got his. Mattarella will soon turn 80 and is the head of state of one of the world’s largest economies. Brad is in his mid-50s and works in IT for a bank in Connecticut. 

Breakingviews - Viewsroom: The jabbed and jabbed nots, Jardines

Vaccination programmes are running apace in the UK, U.S., Israel and other nations, but they have worryingly stalled in Europe. This reflects more than just differing health systems, Breakingviews columnists argue. Plus, more on the shakeup of a historic Hong Kong trading house.

About Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at http://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the s.

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