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The sharp decline in the U.S. and European manufacturing indexes in June 2012 with the slowdown in China and Europe.
Linked Articles
Sluggish Economy Plagues Europe
Wall Street Journal 07/03/2012
Factory Slump Reaches U.S.Wall Street Journal 07/03/2012
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
The importance of prudent financial management in banking. The example of Spain, the UK, other European countries and the U.S. The unanimous view of experts that China is not an exception.
Linked Articles
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
Spanish Officials Hailed Banks as the Crisis BuiltNew York Times 06/26/2012
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
Melissa Eddy of the NYT provides these two exceptional accounts of Germany's national priorities gone awry as the economic revival takes place in manufacturing, but leaves behind important areas such as early childhood education and child care centers. A lack of investment in the people who form the backbone of the educational system, is one of the forms of the distorted priorities. It may be recorded as the singular lapse of the Merkel administration in the last decade.
Linked Articles
German Child Care Workers’ Strike Brings Debate on Priorities
New York Times 06/05/2015
Germany Considers Subsidies for Non-State Child CareNew York Times 06/06/2012
The aging of vehicles to about 10.8 years on average for vehicles on the road in the U.S. is supporting a reovery in the automobile market in 2012. The strong recovery for Japanese automakers in the U.S. is reducing the advantage of American automakers who benefitted from the shortages of Japanese cars after the tsunami in Japan in 2011. The recovery for Japanese automakers is uneven with Toyota doing better than Honda in the U.S.
Linked Articles
May Car Sales Keep Up Healthy Pace
New York Times 06/01/2012
U.S. Auto Sales Keep RisingWall Street Journal 06/02/2012
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
Linked Articles
Panetta Lauds Egypt Leader Ahead of Israel Trip
Wall Street Journal 08/01/2012
Muslim Brotherhood claims lead for its candidate in Egypt’s presidential election - The Washington PostWashington Post 05/25/2012
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
Linked Articles
Mitt Romney: A good man. The right fight. - The Washington Post
Washington Post 11/29/2012
Whites Account for Under Half of Births in U.S.New York Times 05/17/2012
Volcker described the situation to the U.S. Senate Banking committee the day before the story came out about the massive trades made by JP Morgan's trader, known as the "London whale." Losses would be socialized under "too big to fail" for the largest U.S. banks.
Linked Articles
Paul Volcker vs. JPMorgan’s London Whale - The Washington Post
Washington Post 05/12/2012
'London Whale' Rattles Debt MarketWall Street Journal 05/13/2012
The "orderly liquidation authority" of the FDIC and the U.S. Federal Reserve under the Dodd-Frank legislation provides a framework for bank resolution in the event of a crisis- something lacking in the 2008 financial crisis when Lehman Brothers collapsed. The largest finanial firms are required to write living wills so that orderly resolution can take place. Nine of the largest finacnial firms in the U.S. including Deutsche Bank, Credit Suisse and UBS, have submitted the wills to the Fed and the FDIC.
Linked Articles
Wall Street Journal 05/10/2012
Banks' 'Living Wills' UnveiledWall Street Journal 07/03/2012
Weill pushed hard to repeal the Glass Steagall Act. He now says the housing bubble and the financial crisis have proved that this was a mistake. He called for a breakup of the biggest banks on July 23, 2012, in comments to CNBC.
Linked Articles
Big-Bank Pioneer Now Seeks Breakup
Wall Street Journal 07/25/2012
Warren Stephens: How Big Banks Threaten Our EconomyWall Street Journal 04/29/2012
Ireland is the only country that took on all the debt of its banks during the eurozone financial crisis. This makes the June 28 deal a particularly helpful sign for Ireland to reduce its debt load.
Linked Articles
In Ireland, Hope of Retroactive Relief
Wall Street Journal 06/29/2012
European leaders agree to use bailout fund to help banks - The Washington PostWashington Post 06/29/2012
The U.S. stands by and takes a passive approach to artillery attacks on civilian populations and cluster bombs. Was some measure of respect lost in the process. The potential for a role with minimal cost of a no fly zone that could have prevented the air raids on civilians.
Linked Articles
Turkey Steps Up to the Assad Challenge
Wall Street Journal 06/28/2012
Syria Uses Cluster Bombs to Attack as Many Civilians as PossibleNew York Times 12/20/2012
Linked Articles
Wall Street Journal 06/22/2012
A Sober New Reality in Credit Downgrades for BanksNew York Times 06/22/2012
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
The mild winter pulled jobs into the Dec-Feb. 2012 period from the March-May 2012 period, overstaing one and understating the other say experts. The drop in U.S. oil prices to $83 on June 1, 2012 should boost disposable income and personal spending acting as an offset to sluggish growth.
Linked Articles
Wonkbook: Don’t read too much into the May jobs numbers - The Washington Post
Washington Post 06/04/2012
Technically Speaking, Crude-Oil Prices in TroubleWall Street Journal 06/04/2012
Linked Articles
Wall Street Journal 07/28/2012
Weak Job Growth in May as Unemployment Rate Ticked UpNew York Times 06/01/2012
A White House aide says election advisor David Plouffe's influence affected "everything" in the Obama White House. Tom Friedman points to the influence of campaign consultants on the White House as overreaching and pervasive, going so far a to describe the campaign being developed in test tube fashion. Karl Rove pointed to president Obama keeping an eye on reelection 18 months before Nov. 6, 2012, as not a positive development. Friedman specifically mentions president Obama's failure to endorse the Simpson-Bowles commssion on deficit reductions as part of the imprint of election advisors because reducing tax expenditures or deductions might prove politically unpopular. Yet this was part of responsible governance to take on unpopular positions- something other presidents, including Democratic president Truman, did not fail to do choosing instead to educate pubic opiion on difficult steps needing to be taken. Truman took the decisions head on such as confronting the soviets in Greece and other parts of Europe and in Korea after the fall of the Iron Curtain, so soon after a major war when the public was weary of conflict.
Linked Articles
Obama Adviser's Strategy Is High Risk, High Reward
Wall Street Journal 10/31/2012
President Obama Should Seize the High GroundNew York Times 05/26/2012
Linked Articles
Panetta Lauds Egypt Leader Ahead of Israel Trip
Wall Street Journal 08/01/2012
Israelis Cling to Faith in Peace TreatyWall Street Journal 05/24/2012
Linked Articles
Alibaba Said to Be Close to Raising $8 Billion
New York Times 07/30/2012
Yahoo Inc. Gets Deal Over Stake In AlibabaWall Street Journal 05/21/2012
The impossible becomes possible in California as political hurdles are overcome and the state's economy improves. The budget preserves spending priorities for education and healthcare by cutting back in other areas, another remarkable feat- a lasting legacy for Brown's second act as governor. His father was governor in the Kennedy years, he was governor in the 1980's.
Linked Articles
State’s Rare Sight: A Budget Surplus
Wall Street Journal 01/10/2013
Brown Proposes $8.3 Billion in Cuts for CaliforniaNew York Times 05/14/2012
Five rules that would provide a prudent approach to cleanup of the banking systems in the U.S. and Europe. Failure to follow these rules for prudent and safe financial management in banking cleanup, bailout and recapitalization can lead to prolonged problems in the banking system and the economy.
Linked Articles
Wall Street Journal 06/01/2012
Avoiding the Next Big BailoutWall Street Journal 05/10/2012
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.
Linked Articles
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
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