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The reluctance of the German chancellor and her Finance Minister to match the large stimulus spending of France and Britain.
Linked Articles
New York Times 12/15/2008
German Talks Address Long-Term StimulusWall Street Journal 12/15/2008
Europeans protes fuel taxes but public opinion especially in Germany favorsreducing fuel consumption. It requires agreement by 27 EU member states to reduce fuel taxes so this is unlikely to happen.
Linked Articles
Europeans Protest Fuel Taxes But Accept High Prices
Wall Street Journal 05/28/2008
Irate Europeans Protest the Soaring Price of GasolineNew York Times 05/30/2008
The perception that "this time is different" is a typical behavioural reaction in history to to financial crises studied by Rogoff and Reinhart. Economic weakness is part of the mechanism for correcting global imbalances which happens over a number of years.
Linked Articles
Economy May Face Prolonged Pain, History Suggests
Wall Street Journal 05/05/2008
Boom, Bust. Repeat.Wall Street Journal 10/09/2009
EU's proposed change by 2013 would require companies to buy emissions permits. Previously under Kyoto Protocal rules these permits were first handed out free and then bought by the heavy polluters in a carbon market.
Linked Articles
Wall Street Journal 01/23/2008
U.S. Given Poor Marks on the EnvironmentNew York Times 01/23/2008
China's new prime minister in 2013 is from the Class of 1977, when there was a huge burst of energy as students looked with great excitement to gaining knowledge after a decade when learning and books were suppressed.
Linked Articles
1977 Exam Opened Escape Route Into China’s Elite
New York Times 01/06/2008
Next Premier Came of Age in Era of OpennessWall Street Journal 11/16/2012
The reversal of intelligence estimate of Iran concluding tha Iran gave up developing nuclear weapons in 2003, how it now creates a huge shift to diplomatic negotiations and peaceful resolution of differences.
Linked Articles
New York Times 12/11/2007
In Iran Reversal, Bureaucrats Triumphed Over Cheney TeamWall Street Journal 01/14/2008
Linked Articles
Airbus, Amid Turmoil, Revives Troubled Plane
Wall Street Journal 10/15/2007
Airbus Wants A380 Cost CutsWall Street Journal 07/13/2012
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
Environmental pollution in China's cities and increasing auto emissions that pose dangers to health. The situation in 2007 was deteriorating . By 2013 Beijing was seeing air quality extremes of 700 micrograms per square meter, with 500 routine. WHO standards show 300 micrograms as dangerous for health. Pressure to push for GDP growth is intense for local officals and the environmental agency lacked powers for enforcement. The car population was doubling every few years in this period 2000-2012.
Linked Articles
As China's Auto Market Booms, Leaders Clash Over Heavy Toll
Wall Street Journal 06/13/2006
As China Roars, Pollution Reaches Deadly ExtremesNew York Times 08/26/2007
Russia tones down its overreaction as 66% of Russians polled in June say Russian forces should not enter Ukrainian terrritory. Putin and Russians in the administration policy making may have underestimated the reaction in the U.S. as reflected in this WSH editorial saying Americans should remember the words of Gen. Lucius Clay during the Berlin Blockade and the subsequent airlift. This could be why analysts in Russia now maintain that good relations with the West must be maintained, and entry of Russian forces into Ukraine would have disastrous consequences for Russia in terms of western sentiment and foreign investor sentiment. In such a situation Germany would be likely to support the stronger U.S. position seeing this in terms of the language used in theBerlin Airlift of 1948. For Germany and Russia this would be reversing the hard won gains of building relations from the time of Brandtand Kohl till today, fifty years of effort to build better relations and economic relationships- just too much for sober heads in Moscow Paris, and Berlin to accept, and closing another chapter in Russia's interactions with the West.
Linked Articles
Wall Street Journal 08/13/2008
Seeing Cost of Saber Rattling in Ukraine, Putin Alters CourseNew York Times 07/11/2014
Linked Articles
Car Makers' Boom Years Now Look Like a Bubble
Wall Street Journal 05/20/2008
Auto Makers Rebound as Buyers Go BigWall Street Journal 01/04/2014
British debt is even worse than the American debt with household debt to income ratio at 1.62 in Britain compared to 1.42 in the USA. Continental cousins in Germany have a ratio of 1.09.
Linked Articles
Debt-Gorged British Start to Worry That the Party Is Ending
New York Times 03/22/2008
Frugality Forged in Today's Recession Has Potential to Outlast ItWall Street Journal 04/06/2009
Auto sales in Japan go back to the sales level of 1972, and auto sales in Germany decline to the level in 1990. Shows the maturing western markets and how this is affecting automakers strategy, and the shift to focus more on developing countries where the market is growing rapidly but which present challenges like the need to develop lower priced cars.
Linked Articles
German Car Demand Hits New Low as Fuel Costs Rise
Wall Street Journal 01/08/2008
Auto Sales in Japan Drop to a 35-Year LowWall Street Journal 01/08/2008
Reforms at Pemex and opening up the oil industry to foreign investment were held up in the Calderon administration after repeated efforts by the PAN party government to get the PRI and PRD's support. The final changes to the bill to make it more attractive for foreign oil companies to compete with Pemex were pushed by PAN in alliance with the PRI Nieto administration in 2013. The cost to Mexico is a lost decade in oil exploration in deep waters of the Gulf of Mexico, and a steep decline in oil revenues as Mexico turned into a net energy importer in March 2013, according to the WSJ.
Linked Articles
Economist 12/19/2007
How Shale Helped Frack Mexico's Energy ImpasseWall Street Journal 12/12/2013
Bringing together engineers and workers from the Airbus operations in Toulouse and Hamburg to build complex aircraft with new designs is an ongoing challenge at EADS Airbus. Other related challenges include how to divide labor and management responsibilities considering the interests of unions and governments to achieve an efficient enterprise.
Linked Articles
Airbus, Amid Turmoil, Revives Troubled Plane
Wall Street Journal 10/15/2007
Airbus Wants A380 Cost CutsWall Street Journal 07/13/2012
Linked Articles
VW Gains Traction With Big U.S. Push
Wall Street Journal 01/11/2013
Can VW Finally Find Its Way In America?BusinessWeek 07/23/2007
Mexico's oil law comes as the nation faced a crisis in declining oil production since 2006. Efforts by the newly elected PAN party Calderon administration in that year and throughout its term in office failed to open up the oil industry to foreign investment, as the PRI and the PRD opposition parties opposed this. A two thirds majority in Congress was needed to change the constitution allowing foreign oil companies to compete with state owned Pemex. The increasing oil production from shale in the U.S. and Canada has increased the urgency, and the potential in deep waters off Mexico for which Pemex needs the technology of foreign oil companies has added to this.
Linked Articles
How Shale Helped Frack Mexico's Energy Impasse
Wall Street Journal 12/12/2013
Mexico's Biggest Oil Field Sees DeclineWall Street Journal 08/02/2006
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