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In a televised address Singh says the market opening measures for the retail and other sectors are needed to maintain growth and foreign investment. Finance minister Chidambaram tells the WSJ in an Oct 2012 interview- the risks were too great with India facing a lowering of its credit rating, and the government having reflected on the serious consequences of not acting spelled out in the worst case scenario of the Kelkar committee report. The Indian government actions include lowering diesel subsidies and action to control the deficit, with a plan to bring it down to 3% by 2017.
Linked Articles
Q&A With Finance Minister Chidambaram
Wall Street Journal 10/08/2012
Singh Appeals to India to Support His MeasuresNew York Times 09/21/2012
Leon Panetta, U.S. Defense Secretary under Obama, who was also U.S. president Clinton's chief of staff, and Bob Woodward, renown Washington Post journalist, say Obama failed to lead on domestic policy issues and his own agenda during the first term.
Linked Articles
Wall Street Journal 09/07/2012
Former Defense Chief Panetta Criticizes Obama in New MemoirWall Street Journal 10/07/2014
Lower cash flow from the demands for new and redesigned models in a very competitive market, the higher incentives costs reducing margins, combined with losses in the Fiat European operations, will pose challenges for Marchionne in 2013-2014.
Linked Articles
Chrysler Profit Up, Cautions on Spending
Wall Street Journal 01/31/2013
In Turnabout, Chrysler Profit Offsets Fiat LossWall Street Journal 07/31/2012
Janet Yellen, deputy chairman at the U.S. Fed says there is need for the Fed to act considering the risks emerging from the eurozone and lack of policy direction from the U.S. Congress.
Linked Articles
Some at Fed Urge Pre-emptive Stimulus
New York Times 07/30/2012
Weak Economy Heads LowerWall Street Journal 07/28/2012
Linked Articles
Airbus on Track to Double Profit Margin by 2015
Wall Street Journal 06/16/2013
Airbus Wants A380 Cost CutsWall Street Journal 07/13/2012
Linked Articles
John B. Taylor: Monetary Policy and the Next Crisis
Wall Street Journal 07/04/2012
Economists: China Mirrors U.S. on Eve of Financial CrisisWall Street Journal 03/18/2013
Linked Articles
Wall Street Journal 06/28/2012
Lie Bores Into Credibility of Barclays and the CityWall Street Journal 06/28/2012
Monetary policy's diminishing effectiveness in the U.S. in 2012-2013.
Linked Articles
Wall Street Journal 06/21/2012
What Fed Move Means for Investors - Real-Time Advice - SmartMoneyUnknown 06/21/2012
No more moonshot projects, say CEO McInerney, and Ray Conner, head of the airplanes division. The cost of the Dreamliner exceeds $50 billion by 2015, according to Barclays Capital, including R&D and related costs. The focus is now on incremental change, on striving for simplicity, reducing complexity, and increasing reliability, after the experience of over 3 years of repeated delays, cost overruns, and reliability failures, high complexity, and overloaded manufacturing processes on the Dreamliner project.
Linked Articles
At Boeing, Innovation Means Small Steps, Not Giant Leaps
Wall Street Journal 04/03/2015
Boeing Hits a MilestoneWall Street Journal 06/08/2012
These cities are being squeezed by high unemployment and declining incomes from lower paid manufacturing jobs. This makes college education more elusive than ever, and much worse so with the over $1 trillion in college debt in the U.S with spiralling cost of higher education. Vocational training in higher paid fields for families that cannot afford college and children who are not likely to go to college, is the only way not to leave behind a generation of growing children behind in these cities. It is an issue of the utmost importance for renewing America's smaller cities that do not have the advantages of San Francisco, Washington D.C. and Raleigh, S. Carolina, with their advanced university and technology hubs and access to finance.
Linked Articles
As College Graduates Cluster, Some Cities Are Left Behind
New York Times 05/30/2012
It’s time to drop the college-for-all crusade - The Washington PostWashington Post 05/28/2012
Similiarities in the approach of relying on the private sector for investment and job creation, with the Presidents job being to set the tone and put the right policies in place for the long term.
Linked Articles
Gramm and Hubbard: What a Romney Recovery Might Look Like
Wall Street Journal 06/06/2012
The Reagan MemoWall Street Journal 05/26/2012
Nieto describes his vision and outlines his plan for Mexico in an op-ed in the NYT and in an interview with Lally Weymouth of the Washington Post. He says this is a new generation and this is not the PRI party of the past.
Linked Articles
New York Times 07/02/2012
Interview with Mexican presidential candidate Enrique Peña Nieto - The Washington PostWashington Post 05/20/2012
Shinzo Abe of the LDP, the leading candidate for prime minister after general elections in Dec. 2012, says he will appoint a new central bank chief who supports an activist monetary policy. Abe supports the BOJ setting an inflation target of 2% compared to the 1% under current Bank of Japan chief Shirakawa. Both the governing DPJ and the LDP parties are strongly critical of Shirakawa and prefer to see an activist stance against deflation similiar to the one Ben Bernanke is taking against unemployment in the U.S. Abe returns to power after becoming LDP prime minister following the government of Junichiro Koizumi.
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Vote Challenges Japan's Central Bank
Wall Street Journal 12/13/2012
Pressure Rises on BOJ to Reach Inflation TargetWall Street Journal 05/07/2012
Linked Articles
A Part-Time, Low-Wage Epidemic
Wall Street Journal 11/06/2012
Incomes Fell or Stagnated in Most States Last YearWall Street Journal 09/20/2012
Ted Cruz is likely to be the new Senator from Texas. Ted's parents immigrated from Cuba. He worked for Chief Justice Rehnquist as a young law school graduate and was Solicitor General of Texas.
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Republican Senate Candidate in Texas Is Known as an Intellectual Force
New York Times 08/01/2012
A Tea-Party Favorite Wins Texas RaceWall Street Journal 08/01/2012
Linked Articles
‘Mikoshi’ Management: How Kazuo Inamori Lifted Japan Airlines
Wall Street Journal 07/30/2012
To Whom Do Japan’s Most Powerful Turn for Advice? The Sensei of SeaweedWall Street Journal 09/01/2015
Linked Articles
Wall Street Journal 10/03/2012
The World as a FishbowlNew York Times 07/17/2012
German chancellor Adenauer and French president De Gaulle met at Reims Cathedral in May 1962 The service commemorating the 50th anniversary of that historic meeting and service was held recently. It was an occasion to bring together two leaders with diverging opinions on the eurozone financial crisis, Merkel and Hollande. Their mentors Jacques Delors of France and Helmut Kohl of Germany played an important role in setting up the EU and its institutions.
Linked Articles
Fifty Years Later, a New Chance for Reconciliation
Wall Street Journal 07/06/2012
Germany and France Celebrate Their BondNew York Times 07/08/2012
Linked Articles
Roberts Straddles Ideological Divide
Wall Street Journal 06/29/2012
Supreme Court upholds health-care law, individual mandate - The Washington PostWashington Post 06/28/2012
Linked Articles
EU Reaches Deal on Bank Supervisor
Wall Street Journal 12/13/2012
Report Suggests ECB Bank SupervisionWall Street Journal 06/26/2012
Linked Articles
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
Commodity prices drop on economic woes in Europe, China, U.S. - The Washington PostWashington Post 06/11/2012
A more measured response this time from the Development Reform Commission (DRC) and the State Council. Targeted spending on select and strategic projects to avoid inflating the housing bubble any further, and screening out projects with dubious merit.
Linked Articles
In China, a New Round of Stimulus
New York Times 05/30/2012
World Bank Chief Urges Euro BondsWall Street Journal 05/31/2012
The report calls the disaster "a profoundly man-made event," and "a disaster 'Made in Japan,' " citing cultural factors that contributed to the accident. It is sharply critical of TEPCO and the Japanese government's response. Both the report and the testimony of the prime minister at the time of the accident, Naoto Kan, refer to the 'nuclear bloc' or 'nuclear village' in Japan that promotes nuclear energy. Some of its actions are dangerous to safety, such as locating the nuclear safety agency NISA inside the same ministry that promotes nuclear power, a critical flaw. Ironically Germany made the decision to make a gradual shift out of nuclear power after looking at the Fukushima nuclear plant disaster and near collapse in Japan, while Japan is reactivating its nuclear plants to meet energy needs without having obtained public confidence in the system of nuclear energy including the essential safety actions. The result is a profound credibility gap about the nuclear plant industry, and public opposition in Japan.
Linked Articles
Report blasts Japan’s preparation for, response to Fukushima disaster - The Washington Post
Washington Post 07/06/2012
Japan's Ex-Premier, Naoto Kan, Condemns Nuclear PowerNew York Times 05/28/2012
The Center for Strategic Studies in Moscow was prescient in predicitng political dissatisfaction before parliamentary elections. The former finance minister, Alexei Kudrin, anticipated the 2008 global financial crisis and set aside reserves in the sovereign wealth fund to cope with the crisis. Both now see the potential for a worsening economic and political situation in Russia as Greece nears exit from the eurozone and the banking crisis in Europe leads to reduced loans to Russia. At the same time the political polarization in Russia between pro and anti Putin factions creates other tensions.
Linked Articles
Report Says Support for Putin Is Dropping
Wall Street Journal 05/23/2012
Russian Recession Could Prompt Political Woes, Report SaysNew York Times 05/24/2012
The makings of a new bubble in Silicon Valley.
Linked Articles
The $1 Billion Club Gets Crowded
Wall Street Journal 05/17/2012
Search for the 'Next Big Thing' leads to Soaring ValuationsNew York Times 01/21/2014
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