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The Economist says that as in the case of Northern Rock and RBS, because of the scale of the problem and it only getting worse over time, nationalization is the best option. And it says its no use exacerbating the problem by pretending otherwise.
Linked Articles
Economist 02/03/2009
Financial Policy DespairNew York Times 03/23/2009
Linked Articles
Despair and a Defiant Smile in a Gaza Hospital
New York Times 01/09/2009
Gaza Strip Economy on ‘Verge of Collapse,’ World Bank SaysNew York Times 05/22/2015
Raghuram Rajan of the University of Chicago, told the 2005 annual Jackson Hole gathering of central bankers economists and finance professionals, that he thought the world had become much riskier with the changes in financial markets in the 18 year Greenspan tenure. He was received rather coldly by others, including former Treasury Secretary Summers. Concerns expressed by Grantham, Rodriguez and Scheiff about these and other problems became louder by the time of the Rajan paper at Jackson Hole.
Linked Articles
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
The Doomsayers Who Got It RightWall Street Journal 01/02/2009
With the collapse of export markets in the U.S., China and the U.S. are now having to face up to the problems inherent in American dependence on Chinese products and Chinese savings to finance excessive consumption, and Chinese dependence on American export markets.
Linked Articles
Chinese Savings Helped Inflate American Bubble
New York Times 12/26/2008
Global Economy: No Help from China's ConsumersBusinessWeek 11/26/2008
Linked Articles
Citadel’s Ken Griffin Leaves 2008 Tumble Far Behind
Wall Street Journal 08/04/2015
Citadel Chief Denies Rumors of TroubleNew York Times 10/25/2008
Feldstein headed Reagan's economic policy team, and Hubbard headed the elder Bush's economic policy team. Its interesting that both lamented the lack of addressing the foreclosures as root of the problem. Feldstein and Hubbard gave their own proposals on the pages of the WSJ on the eve of the $700 billion bailout. The bailout plan had this gaping hole in it- with little for serious foreclosure prevention.
Linked Articles
The Problem Is Still Falling House Prices
Wall Street Journal 10/04/2008
First, Let's Stabilize Home PricesWall Street Journal 10/02/2008
The lack of vigorous discussion at the Board and top management levels of Gneral Motors is the most striking thing about the company. Classic example how the larger and more successful an institution, there is no assurance that even the vital skills of vigorous discussion and openness to fresh thinking promoted by its founders like Alfred Sloan in this case in one of his meetings, that these skills will be available in the future.
Linked Articles
GM's Massive Quarterly Loss Adds to Turnaround Pressure
Wall Street Journal 08/02/2008
McCain Offers Aid, No 'Bailout' on AutosWall Street Journal 06/28/2008
The precarious condition of the Chinese consumer and first time buyer of cars, with no safety net in the economy for health care or unemployment. The severe downturn for Cherry and why GM cannot look to China for any kind of relief.
Linked Articles
With First Car, a New Life in China
New York Times 04/24/2008
China's Car Makers Seek Different Help: Lower Sales TaxesWall Street Journal 11/20/2008
Many factories in Guandong Province long a key area in the production of apparel and footwear for export are now closing hit by a number of factors at the same time, higher costs, stricter labor laws, no government incentives, stricter pollution laws. China is encouraging this shift to improve living standards and shift production to more sophisticated goods.
Linked Articles
China’s Inflation Hits American Price Tags
New York Times 02/01/2008
Many Factories in China's South Sound Last WhistleWall Street Journal 02/22/2008
The older politicians who are sobering up to the realities even in the border provinces are not for militancy, and badly want better health care, and hospitals. No one will turn down better infrastructure and standards of living and employment.
Linked Articles
New York Times 01/06/2008
Islamist Politicians Emerge As Pakistan's Power BrokersWall Street Journal 01/04/2008
Linked Articles
Russia's Tech Startup Scene Retreats Amid Ukraine Conflict
Wall Street Journal 09/09/2014
Germany Drafts Policy for Europe to Strengthen Russian TiesNew York Times 10/08/2006
Efforts were made in 2005 to increase flights beyond the restriction to 7 states- originally the law restricted flights to 4 states. Southwest has been fighting this law passed as an amendment to an aviation law by U.S. House Speaker Jim Wright in 1979. Its intention was giving American Airlines the incentive to build a giant hub at the new 1974 Dallas-Fort Worth International Airport.
Linked Articles
Southwest, United Locked in Dogfight
Wall Street Journal 05/24/2012
Southwest's Dallas DuelWall Street Journal 05/10/2005
Pearson has shifted out of dependence on adspending for revenues by reducing ads as apercentage of revenues at Financial Times to 30% from 50%. Its textbook and Penguin books cushions it further from big declines in ad spending. The New York TImes has no such businesses and ad spending dominates. Its burdened by overborrowing and debt coming due and not enough controls on spending.
Linked Articles
Pearson Expects Strong 2008 Earnings
Wall Street Journal 01/20/2009
Billionaire Reaches Deal On Funding For Times Co.Wall Street Journal 01/20/2009
Linked Articles
In Cold War Echo, Obama Strategy Writes Off Putin
New York Times 04/19/2014
Pentagon Chief Sees Opportunities In Russia and the War on TerrorismWashington Post 01/05/2009
Linked Articles
Whatever Happened to Silicon Valley Innovation?
BusinessWeek 12/31/2008
The Big MehNew York Times 05/25/2015
Bear Raids on Morgan Stanley and then in late November on Citigroup. How the Uptick Rule should have been reinstated and the psychological crisis created by huge shortselling and the spreading of false rumors for quick profits. The dangers of this to the US and the global economy and the mystery why no action has been taken so far.
Linked Articles
Anatomy of the Morgan Stanley Panic
Wall Street Journal 11/24/2008
There's a Better Way to Prevent 'Bear Raids'Wall Street Journal 11/18/2008
With credit markets frozen as a result of the global financial crisis in late Sept and early October, GM has no access to credit markets. GM is now accelerating closure of plants to meet the new situation.
Linked Articles
Detroit Free Press 10/14/2008
Howes: One of Big 3 may not surviveDetroit News 10/14/2008
FDIC's Sheila Barr voices concern for a lack of serious homeowner help and an incomprehensible reluctance to do anything serious for homeowners in Congress or the Bush Administration even as Barr, Paulson and Bernanke offered no choice to CEO's of leading banks at the meeting last week in Paulson's offices but to sign term sheets for accepting $125 billion from the government. Another $125 billion goes to smaller banks. And a unspecified amount goes to buy troubled assets under TARP, and money to buy commercial paper, and other institutional help. Still nothing on a large comprehensive basis to help homeowners in difficulty which is at the root of this crisis according to Feldstein, Hubbard, Bair.
Linked Articles
FDIC Chief Raps Rescue for Helping Banks Over Homeowners
Wall Street Journal 10/16/2008
Agency’s Head Expects Banking’s Crisis to WorsenNew York Times 08/27/2008
Long term forecasting is a difficult business. IEA's 2015 forecast missed the situation in 2015 completely. Yergin was right but did not see how fast this would happen with oil prices down to $50 per barrel in 2015 and prices at the pump below $2.
Linked Articles
Wall Street Journal 12/12/2011
Energy Watchdog Warns Of Oil-Production CrunchWall Street Journal 05/22/2008
Sheila Bair 's proposal to help homeowners is similar to what Martin Feldstein proposed on the pages of WSJ on March 7, 2008. About 2 months later FDIC proposes to take action to help homeowners by offering homeowners with debt to income ratios above 40%, a loan from the government for 20% of their loan amount with no interest charged for the first 5 years, and loan payments required to be lowered to affordable numbers.
Linked Articles
How to Stop the Mortgage Crisis
Wall Street Journal 03/07/2008
Bair Proposal Seeks Government Loans To Aid HomeownersWall Street Journal 04/30/2008
Nokia and Motorola how one followed up and came up with a viable strategy and the other just let things slip after the Razr a one time hit with no followup and no clear direction. Nokia set the direction and tone in the emerging markets and took the lead.
Linked Articles
Nokia Earnings Jump on Emerging Markets
Wall Street Journal 01/25/2008
Without a Hit Razr Sequel, Profit Drops for MotorolaNew York Times 01/24/2008
Russia is trying to model its wealth fund on the Norwegian example with no more than a 5% stake in a company allowed.
Linked Articles
Russia Government Fund Will Tread Carefully
Wall Street Journal 01/25/2008
Sovereign Funds Look to NorwayWall Street Journal 11/16/2007
Did China's government officials underestimate the cost of environmental pollution in bringing the old polluting plant from Dortmund, Germany? How much will a cleanup cost? In 2007? In 2015 or 2020? Were these costs figured in? Who got the better deal- Germany or China?
Linked Articles
Why Beijing Is Trying to Tally The Hidden Costs of Pollution As China's Economy Booms - WSJ.com
Wall Street Journal 10/02/2006
China Grabs West’s Smoke-Spewing FactoriesNew York Times 12/21/2007
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