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How lobbying by the financial industry and the mindset of Sec. Geithner can dilute financial regulation.
04/27/2009
The effort for financial regulation of derivatives raises concerns.
Linked Articles
Geithner, as Member and Overseer, Forged Ties to Finance Club
New York Times 04/27/2009
Danger in Wall Street’s ShadowsNew York Times 05/15/2009
WPost editorial thinks Obama's speech at Georgetown scored well on clarity and grasp of facts, but poorly on candor and courage to address entitlement reform.
04/14/2009
The WPost editors agree that defict reduction and entilement reform are a hard sell for the President, whereas the rest of his agenda can sail through a Democratic Congress. It asks the question, is the President dodging the tough choices?
Linked Articles
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
Text of Obama Economic SpeechBusinessWeek 04/14/2009
Can bank recover while the rest of the economy is faltering?
04/07/2009
Manufacturing capacity utilization tells adifferent story. What are the chances for banks once this fizzle evaporates and can the Obama administration avoid making the tough choices?
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Economy Falling Years Behind Full SpeedNew York Times 04/07/2009
Geithner's Paulsonlike plan for toxic assets and doubts whether it can work.
03/23/2009
Krugman and Eavis have doubts about the new Geithner plan as it looks so much like his predecessor Paulson's failed efforts to do much about toxic assets. Krugman sees things only getting worse as 600,000 jobs are being lost every month, as Geithner, Congress and the public fail to push for the tough solutions including government taking over failed banks to deal with tosic assets without having to sort out pricing in advance.
Linked Articles
Geithner's Gamble Needs Speculators
Wall Street Journal 03/23/2009
Financial Policy DespairNew York Times 03/23/2009
The administration's idea that somehow the bad asset problem can be solved by wishful thinking.
03/06/2009
Can a bad asset at abank really be disposed off through private investors purchases with the help of government money? Under the current circumstances who will decide the value of an asset, and would banks be willing to sell them at 40 cents when they see them worth 50 cents on the dollar?
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
The Big DitherNew York Times 03/06/2009
Politicians who deride "mere spending programs" may have not got it right.
02/15/2009
Republicans in the House, with every single one voting against the Stimulus bill, have derided government spending as wasteful and unnecessary. The impact on the deficit makes it look sensible. However on closer examination Robert Frank, a Cornell economist, points out that in some situtations like this government spending can be not wasteful but productive and efficient, and necessary.
Linked Articles
Go Ahead and Save. Let the Government Spend.
New York Times 02/15/2009
In Gingrich Mold, a New Voice for Solid Resistance in G.O.P.New York Times 02/15/2009
Britain's RBS Bank and the incredulous- huge losses and large bonuses in the "Hard Times" of the 2008 financial crisis and again in 2014
02/09/2009
Linked Articles
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
Royal Bank of Scotland to Slash Costs as Losses DeepenWall Street Journal 02/28/2014
Microsoft's history with internet related search ads and the $6.2 billion loss for internet businesses in 2012
01/16/2009
Linked Articles
Microsoft's Web Woes to Wipe Out Profit
Wall Street Journal 07/02/2012
Microsoft Bid to Beat Google Builds on a History of MissesWall Street Journal 01/16/2009
The West and policies towards Russia- (1) Kennan, Gates, Nurick and Allison on American policy in 2015-2016
01/05/2009
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
The paradox of low U.S. productivity growth holding back wages in 2015-2016 (1) - Apple Google, Facebook and low productivity improvement since 2005
12/31/2008
Linked Articles
Whatever Happened to Silicon Valley Innovation?
BusinessWeek 12/31/2008
The Big MehNew York Times 05/25/2015
Detroit News and Free press columnists Tom Walsh and Daniel Howes say its time Detroit gets things right.
12/20/2008
The jobs of suppliers, dealers, bondholders, managers, board members, union officials are all on the line say Walsh and Howes if they can't get their act together and move quickly. There just isn't the time to kick the proverbial can down the road says Howes, and their is bailout fatigue say Walsh and Howes so dates coming up February 17 for debt restructuring and March 31 must be met quickly with action that is convincing. It will be a tough act and its not clear that old management and union officials can measure up to the task ahead from what has been seen over the years according to the columnists.
Linked Articles
Commentary: Forging new path will be rough road for Detroit automakers
Detroit News 12/20/2008
Long Days Journey to Deal for AutomakersDetroit Free Press 12/21/2008
The shortsigtedness of Detroit automakers union and management.
12/05/2008
Both the automakers unions and management lacked the vision and courage to break totally with the status quo. The unions in hanging onto higher medical benefits and the management onto their higher compensation, and the management failing to shift to higher fuel efficiency standards comparable to competitors in Europe as mandated by the EU. In the process they stand to lose the higher medical benefits, and the higher compensation under government oversight as condition for loans, and along with that the jobs of unions and of management as well as the huge downsizing occurs in 2009.
Linked Articles
New York Times 12/05/2008
Toyota delays new Prius plantDetroit News 12/16/2008
UAW opposes any consolidation or merger as it would mean loss of may more jobs.
10/14/2008
From UAW President Gettelfinger's view consolidation would only mean loss of even more jobs to a devastated Detroit. A better source of cash for GM would be more loans from the federal government as democratic candidate Obama has suggested a $50 billion loan package. At that point a Chrysler consolidation if it were to occur could be done through a rationall consolidation or merger as opposed to the large closures that the present situation might require.
Linked Articles
UAW chief opposes GM-Chrysler merger
Detroit News 10/14/2008
Howes: One of Big 3 may not surviveDetroit News 10/14/2008
In the two areas that government can make aserious difference, foreclosure prevention and bank lending it is failing.
04/15/2009
The government has only indirect influence over the other important variables in the equation for economic recovery, consumption and employment. Through foreclosure prevention and bank lending it can influence consumption and employment. Obama's program while admirable may simply fall short of what is required. Through asimple takeover of insolvent banks the administrationcan implement its own programs for goreclosure prevention and aggressive bank lending at attractive rates, but this has to be done early before business go into permanent retrenchment mode and consumers simply revert to a frugal lifestyle of an earlier generation.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Banks Ramp Up ForeclosuresWall Street Journal 04/15/2009
U.S. president Obama and Hispanic immigrants- promises, hope and reality 2008-2015
04/09/2009
Linked Articles
Obama to Push Immigration Bill Despite the Risks
New York Times 04/09/2009
The Giant U.S. Deportation Machine Runs AmokWall Street Journal 10/28/2013
Interest rate swap contracts sold by banks to the city of Detroit in 2005 and the "kiko" derivative contracts sold by banks to exporters in S. Korea before the 2008 global financial crisis
04/03/2009
The huge losses suffered by Detroit and by exporters in S. Korea and how the issues raised were handled in the two places. What takes precedence fairness or contracts, how much of a contract has to be intelligible to the investor and the broader question of why banks needed to write such contracts or conduct business in this way which could hurt their reputation. An example is given by Floyd Norris of NYT where Bankers Trust reputation suffered badly in 1994 for selling such contracts to P&G.
Linked Articles
New York Times 04/03/2009
'Safe Harbor' in Bankruptcy Upended in Detroit CaseNew York Times 12/23/2013
Child hunger in India and India's Food Security legislation in August 2013
03/13/2009
Food expert Rieff cites figures showing child malnutrition at over 40% in India for children under the age of 5 in 2009. A World Food Program report says 230 million people in India are hungry each year. India's Food Security legilation has to be seen in this context. Rieff says India is in danger of losing its demographic dividend as a result of child malnutrition. All developing countries can learn from each other and their programs to reduce child malnutrition, improve health care and vaccinations, and introduce healthy food and sanitary practices. Programs are in place in Brazil, Mexico, Indonesia, India, and China.
Linked Articles
As Indian Growth Soars, Child Hunger Persists
New York Times 03/13/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
The financial crisis poses a challenge to the idea of a single European Community, the EU itself.
02/26/2009
The countries of Eastern Europe and the banks of western European countries are enmeshed in a growing financial crisis that threatens the unity of Euope, and the idea of the European Community. What kind of help will Germany and other nations of western Europe provide. Will this be differentiated by different groups of countries like the Baltics different from Hungary, Poland, Romania, and the Czech Republic, and how will leaders like Angela Merkel of Germany negotiate the political winds, as she faces an upcoming election.
Linked Articles
The bill that could break up Europe
Economist 02/26/2009
Sweden Aids Bailout of Baltic NationsNew York Times 03/13/2009
Cornell's Frank points out that savings may be good for America once they are chanelled into investment.
02/15/2009
For this to happen some of the excess household debt from the number 96% of GDP, that household debt in the USA has reached, has to be shaved off. This is happening as Americans are shifting to becoming debt free in their finances. This affects consumption through the paradox of thrift. But says Prof. Frank this is OK, as the government steps in in the meantime to give the boost to the economy, till consumers recover from debt. Future savings can then be channelled into new productive investment for modernization's next phase, just as China and India are doing.
Linked Articles
Imbalance in Nations' Savings Clouds Forecasts for Recovery
Wall Street Journal 03/23/2009
Go Ahead and Save. Let the Government Spend.New York Times 02/15/2009
How government spending if effectively targeted to productive purposes can have a multiplier effect.
01/22/2009
Government spending that can have amultiplier effect, reduce social costs and not lead to crowding out of private investment. The pardox of thrift in economic downturns and the role of government spending and private savings in a situation like what the USA faces in 2009 and coming years.
Linked Articles
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
Go Ahead and Save. Let the Government Spend.New York Times 02/15/2009
Gaza Strip then and now six years later, 2009 and 2015- an intractable conflict leaves 1.8 million Palestinians no closer to normal life
01/09/2009
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
Money managers Grantham, Rodriguez and Scheiff fears about the economy and IMF Chief Economist Rajan's concern.
01/02/2009
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
The untold story of civilians caught in the crossfire in the wars in places like Gaza and Afganistan that have lasted decades.
12/25/2008
A physiotherapist from Turin, Italy, who runs the Red Cross Rehabilitation Center in Afghanistan, and a wounded surgeon who loses his wife and child in the cross fire between militants and Israelis in Gaza City, both have an untold story of civilians in both places.
Linked Articles
A Foreign Face Beloved by Afghans of All Stripes
New York Times 12/25/2008
Despair and a Defiant Smile in a Gaza HospitalNew York Times 01/09/2009
Detroit Automakers and the UAW vs the nonunionized plants- what went wrong?
12/09/2008
With job security gone at Detroit automakers amidst a series of bad decisions by unions and management unwilling to make a total break with the status quo to the point of reinventing themselves, and lacking the courage and the vision to do so, what good are these higher medical benefits? Isn't an employee who has his job and lesser medical benefits at anonunionized plant better off than one who has either lost his job or about to lose it at aDetroit automaker plant?
Linked Articles
Detroit Bailout: How It Can Work
BusinessWeek 12/09/2008
Toyota delays new Prius plantDetroit News 12/16/2008
A hedge fund story of comeback from collapse- Citadel hedge fund and founder Ken Griffin in 2008 and in 2015
10/25/2008
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
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