Economics

Energy Will Never Be Cheap, CEO of French Oil Giant Total Tells AAPA

There is no danger of the world running out of oil and gas any time soon, but it will never be cheap, the head of France’s largest and most profitable company told more than 20 AAPA members at a breakfast meeting on Dec. 11. Christophe de Margerie, chief executive of French oil and gas giant Total SA, told us that new discoveries and technological advances have increased the oil industry's…


Former ECB Chief Discusses Euro Zone's Woes

Governments of the euro zone that are struggling to prevent the euro crisis developing into a full-blown depression are navigating in uncharted waters, Jean-Claude Trichet told the AAPA on June 27. The former head of the European Central Bank told two dozen AAPA members that the euro zone has successfully weathered three crises since the Lehman Brothers collapse sparked a financial maelstrom in…


An Evening with Guy Wyser-Pratte

  We were twenty-odd members and guests, and with a "terrorist" in our midst at John Morris'  loft on the evening of June 11th.   The "terrorist" label for Guy Wyser-Pratte came from a French financial journal that called him an ex-marine qui terrorize nos patrons.  Wyser-Pratte, who has been called other names, including corporate raider, in his forty years of shareholder activism, did not…


Lazard Chief Gives AAPA Members His Take On France, Europe

    Lazard France CEO Matthieu Pigasse cut a smooth figure as he strode into Lazard’s boardroom for a breakfast meeting with some 20 AAPA members on April 30. His slim, pin striped suit and relaxed, open-shirt look were a surprising contrast to the somber portraits on the walls of the men who have run this venerable advisory and asset management firm for the last century and a half. At…


World Could Dodge Oil Shock - IEA Chief

The global economy would suffer from sustained oil prices of $100 a barrel, but the current output of the Organization of the Petroleum Exporting Countries members is reducing the risk of a real oil shock like the one in 2008 when the price of oil spiked to nearly $150, the head of the International Energy Agency told a group of AAPA members on Feb. 18. If today's oil prices endure, then "the…


A Letter From The President

Dear Friends and Members of the Anglo-American Press Association, It is a both an honor and a challenge to have been chosen to serve as president of this association, with its long and rich history, its dynamic present and promising future. The life of a foreign correspondent is never easy…and never boring. It is challenging for many reasons, but every journalist I have met in my 20 years abroad…