World Perspectives

Old President, Old Allegiances

President Biden sided with the steel workers union and will put Nippon Steel’s purchase of US Steel through the “serious scrutiny” of the Administration’s own Committee on Foreign Investment in the United States (CFIUS). As noted previously (Blatant Nationalism), Nippon Steel is likely far more reluctant to lay off workers than US Steel, which has purged them by the thousands in recent years. More importantly, Biden’s defense of an old and minor sector of the economy while attacking the much larger and future focused IT sector betrays the downside of his age.  The IT sector accounts for $1.9 trillion of the U.S. value-added GDP or around 10 percent of the economy. And it is growing at 8.2 percent CAGR. By...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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