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Ezra Klein points out that the real unemployment rate in November 2011 was 11%- when taking into account the long term unemployed dropping out of the labor market- not about 9%.
Linked Articles
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Wonkbook: The real unemployment rate is 11 percent - The Washington PostWashington Post 12/12/2011
Harvard labor economist Lawrence Katz says the long term unemployed who are dropping out of the labor market represent one of three job crises facing America. The other two are the effects of manufacturing automation reducing demand for workers in new plants, and the effects of foreclosures and debt.
Linked Articles
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
The Next First (and Only) 100 DaysNew York Times 12/10/2011
With a change in leadership to Xinping there comes the need for a change in economic policy. The DRC/World Bank Report outlined a new approach. Xuetong, dean at Tsinghua University in Beijing, calls on the leadership to make a shift that would be a first major shift since the opening to free markets in the 1980's
Linked Articles
Wall Street Journal 10/03/2012
How China Can Defeat AmericaNew York Times 11/20/2011
Linked Articles
Volcker to Push Back on Banks' Trading
Wall Street Journal 02/13/2012
Volcker Rule Might Just Be Kabuki TheaterWall Street Journal 10/12/2011
A move away from coal used for electricity supplies towards nuclear energy. The increase planned is from 11 gigawatts of nuclear energy in 2012 to 40 gigawatts by 2015 and 60-70 gigawatts by 2020. Five nuclear energy projects will be planned at a cost of $27 billion with financing help from a Shanghai IPO offering in 2012.
Linked Articles
China Nuclear Firm Plans Up to $27 Billion IPO
Wall Street Journal 06/06/2012
China Marches On With Nuclear Energy, in Spite of FukushimaNew York Times 10/10/2011
Linked Articles
Wall Street Journal 07/12/2012
Launching New Tablet, Amazon Plays With FireWall Street Journal 09/29/2011
Linked Articles
Empathy and Angst in a German City Transformed by Refugees
New York Times 09/11/2015
Pope Visits Venerated Lutheran MonasteryNew York Times 09/24/2011
Only 25% of capital inflows to Turkey are direct foreign investment. The current account deficit of 10% is partly financed by foreign capital inflows. Any swings in consumer sentiment- especially as the eurozone crisis continues in 2012-2013- could mean rapid capital outflows leading to a crisis. The IMF's Warning Light Indicator in 2011 for countries with excessive credit growth to GDP ratios covers Turkey.
Linked Articles
Wall Street Journal 04/13/2012
A Warning Light to Alert the I.M.F.New York Times 09/21/2011
Linked Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold StoryWall Street Journal 09/26/2011
Linked Articles
Syrian rebels feel abandoned, betrayed by U.S. - The Washington Post
Washington Post 08/08/2012
Lessons of LibyaWall Street Journal 08/23/2011
Linked Articles
Strong Yen Sparks National Debate
Wall Street Journal 08/15/2011
Yen's Fall Leaves Japan Hankering for MoreWall Street Journal 04/09/2013
Linked Articles
GOP Backs Off Fight on Debt Limit
Wall Street Journal 02/12/2014
That Monolithic Tea Party Just Wasnât ThereNew York Times 08/01/2011
The negotiations taking place for the U.S. budget behind closed doors is against the spirit of the Budget Act of 1974, says a former CBO assistant general counsel and Stanford professor of constitutional law. The law requires transparency and accountability and sets forth a process for public scrutiny of the budget in Congressional hearings. This has not happened and in its place both political parties are seeing this as a start to the 2012 presidential election, with the public sorely left out of the process.
Linked Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Top Democrats laud GOP debt-ceiling move - The Washington PostWashington Post 07/14/2011
Energy Information Administration forecast for 2010-2035 shows 58% of new additions of power generation capacity coming from natural gas. The new availability of shale gas is leading to a surge in use of natural gas. Only 4.3% will be nuclear, dampening the development of nuclear energy. Renewables will be 29%. This is a major development in how America looks at energy.
Linked Articles
Cheap Natural Gas Unplugs U.S. Nuclear-Power Revival
Wall Street Journal 03/15/2012
America's New Energy SecurityWall Street Journal 12/12/2011
Linked Articles
George Shultz: Memo to Romney — Expand the Pie
Wall Street Journal 07/14/2012
The Next First (and Only) 100 DaysNew York Times 12/10/2011
Volcker's letter of comments on the Rule and the interview with Pete Rose. Here he says why this will make financial markets a safer place and why it will lead to healthy financial markets. The financial industry is opposing the Volcker Rule.
Linked Articles
Volcker to Push Back on Banks' Trading
Wall Street Journal 02/13/2012
Charlie Rose Talks to Paul VolckerBusinessWeek 10/27/2011
Linked Articles
Terrorism Response Puts Belgium in a Harsh Light
New York Times 11/24/2015
Belgium Agrees to Stay TogetherWall Street Journal 10/12/2011
The shifting of plant location to Mexico and the U.S.
Linked Articles
Made in China Is Getting Expensive
Wall Street Journal 08/10/2012
Otis Shifts Work Closer to HomeWall Street Journal 10/07/2011
About one-third to two-thirds of the benefits from trade are erased by the cost of government payments in the form of unemployment insurance, food stamps and disability benefits for U.S. communities that fare worse from a surge in imports. This is one of the conclusions in a research study by professors Hanson and Autor of 722 clusters of counties in the U.S.
Linked Articles
Cities Adapt With Mixed Results
Wall Street Journal 09/27/2011
Tallying the Toll of U.S.-China TradeWall Street Journal 09/27/2011
Linked Articles
Volcker to Push Back on Banks' Trading
Wall Street Journal 02/13/2012
Volcker Rule May Lose Its BiteWall Street Journal 09/22/2011
The Pirate party won about 9% of the vote in the Berlin election. It is likely to win a similiar share of the vote in other state elections.
Linked Articles
'Pirates' Deal a Blow to Germany's Political Status Quo
Wall Street Journal 04/10/2012
Berlin Poll Hits Merkel CoalitionWall Street Journal 09/19/2011
The need for competition and other private sector involvement in sectors such as oil, telecom, airlines and other sectors, and the reform of labor laws that reduce GDP growth by an estimated 2.5%. The Mexican educational system suffers from a lack of trained teachers and change is blocked by a powerful union leading to poorly educated workers from the public educational system.
Linked Articles
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Mexico’s failing schools spell defeat for ruling party - The Washington PostWashington Post 06/09/2012
Linked Articles
Plan for Mortgage Giants Takes Shape
Wall Street Journal 03/12/2014
On mortgage rates, Obama wants proposal for how government can keep big role - The Washington PostWashington Post 08/16/2011
John Taylor and Allan Meltzer point to the risks of short termism and discretionary policies at the Fed. Taylor says a single mandate for inflation should replace the current dual mandate for both inflation and unemployment so that monetary policy can be rule based avoiding the boom and bust periods hitting the U.S. economy in the last decade, when interest rates were set too low using discretionary policy.
Linked Articles
The Dangers of an Interventionist Fed
Wall Street Journal 03/29/2012
The Folly of Economic Short-TermismWall Street Journal 08/11/2011
Black people see fewer opportunities in the public sector in 2015. The black community has hardly recovered from the damaging effects of foreclosures and higher unemployment following the financial crisis of 2008, and the gap between whites and black people has widened during the last ten years.
Linked Articles
Public-Sector Jobs Vanish, Hitting Blacks Hard
New York Times 05/24/2015
Wealth gap widens between whites, minorities, report says - The Washington PostWashington Post 07/26/2011
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