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Xi Jinping Tariff Negotiating Strategy with US Groups
P&G's divestiture of its beauty business in 2015
07/09/2015
Grouped Articles
P&G Faces Up to Mistakes in Beauty Business
Wall Street Journal 07/09/2015
The Catholic Church in Latin America
07/09/2015
Grouped Articles
Pope Francis Faces a Latin America Where Many Catholics Worship to a Different Beat
New York Times 07/09/2015
Shell's effort to drill in the Arctic- 2015-2016
07/08/2015
Grouped Articles
Shell Places Huge Bet on Arctic Oil Riches
Wall Street Journal 07/08/2015
Microsoft's decision in July 2015 to writeoff $7.6 billion of the $9.4 billion it paid for acquiring Nokia
07/08/2015
Microsoft announces a writeoff of 80% of the investment made to acquire Nokia's smartphone business and makes job cuts in July 2015.
Grouped Articles
Microsoft Phone Woes Spur New Cuts
Wall Street Journal 07/08/2015
Wall Street Journal 07/08/2015
A $7 Billion Charge at Microsoft Leads to Its Largest Loss Ever
New York Times 07/21/2015
A South Korean idea of building a healthier potato chip- Haitai and the honey butter potato chip!
07/08/2015
Grouped Articles
The Potato Chip Frenzy in Korea
Wall Street Journal 07/08/2015
Iran's young people and the future of Iran in 2015
07/08/2015
Grouped Articles
Iran’s Legions of Weary Young People Push Against the Old Ways
Wall Street Journal 07/08/2015
Wisconsin Governor Scott Walker, U.S. presidential candidate for 2016
07/08/2015
Grouped Articles
Scott Walker Enters 2016 Presidential Race, Pledging Conservative Agenda
New York Times 07/13/2015
A Political Lifer, Scott Walker Has Long Been His Own Strategist
New York Times 07/08/2015
Trump shows new vulnerabilities — and has only himself to blame - The Washington Post
Washington Post 04/06/2016
Jochen Bitner, political editor of the German newspaper Die Zeit, on rescuing Greece outside the eurozone as the best solution in July 2015
07/07/2015
The editor of a liberal newspaper in Germany reflects prevailing German opinion that the best solution for the eurozone is to rescue Greece outside the eurozone, not inside. The referendum in Greece removed the last bit of resistance to that solution as it opens up the possiblility of arepeat in Spain, Portugal, and other countries for populist movements calling for early debt writeoff which would endanger the very existence of the euro, and created a divided Europe after decades of effort by France and Germany to create the European Union. With the economies of France, Spain and Italy making a recovery the eurozone and the EU may actually be stronger in coming years, laying the foundation for the future with better rules based economic and political governance.
Grouped Articles
It’s Time for Greece to Leave the Euro
New York Times 07/07/2015
Economist 07/19/2015
Kenneth Rogoff and Jeremy Bulow on Greece's financial crisis 2010-2015 and the situation in July 2015
07/07/2015
Kenneth Rogoff of Harvard is one of the leading experts on financial crises, and is the author with Carmen Reinhardt of the quantitative history of financial crises in various forms worldwide, including excellent chapters on crisis detection and prevention, titled "This Time is Different," (2009). Bulow is professor of Economics at Stanford. Rogoff and Bulow say the debt restructuring is not the problem as this could be renegotiated later, and it is financed with loans from the EU for interest at low interest rates, as pointed out by other experts including Greece's finance minister during the Samaras administration 2012-2014. They point out that Greece without eurozone net new loans and aid of 80 billion euros during the period 2010-2013 would have had to make larger cuts. Greece received income transfers from European neighbors to run a 3% deficit in the budget, and receives additional 2% in EU aid transfers, for a total of 5% in income transfers under the deal offreed to Greece in June 2015, say Rogoff and Bulow. Without this it would be much worse off. This is clearly not the narrative in the Greece referendum, and does not reflect the situation say Rogoff and Bulow, where Greece has to come up with its own budget solutions and choices- which inevitably under any party including Syriza involve serious cuts and hard choices. Rogoff and Bulow do not comment on the criticism that the IMF and EU may have pushed too hard to have Greece bring the deficit down to 3% in a short period, damaging the political credibility of the main centre right and centre left parties. The IMF appears to have corrected this by 2013 pushing for growth and asking for flexibility for France, Spain, in meeting deficit targets. At various points the IMF has pushed harder for change in Greece for long term reforms in areas such as tax evasion where very little progress has been made to collect about 11 billion euros a year of missing revenues, and pension reforms, which may have inadvertently hurt the position of the centre right gover
Grouped Articles
A Grecian Formula for Courting Disaster
Wall Street Journal 07/07/2015
Will Trump herald a US economic boom?
The Guardian 12/07/2016
Eurozone Gives Greece Some Debt Relief as Bailout Nears End
WSJ 06/22/2018
Angel investing in 2015
07/06/2015
Grouped Articles
For Start-Ups, How Many Angels Is Too Many?
New York Times 07/06/2015
The IMF three page paper warning on Greek debt sustainability on July 14, 2015
07/06/2015
The IMF in a 3 page paper warns that Greece's debt is not sustainable except by refinancing it at the cheapest rates and extending the maturity over an extended period such as 30 years. The alternative is for a debt haircut, says the IMF paper. Germany says it will consider extending the date maturity after implementation of reforms.
Grouped Articles
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
How to Undo the Damage in Greece
New York Times 07/06/2015
Personalities Clashing Over How to Handle New Greek Bailout
New York Times 07/23/2015
The Greek Debt Deal’s Missing Piece
New York Times 08/15/2015
Greece's finance minister, Gikas Hardouvelis, June 2014- Jan. 2015 under the Samaras administration, on how the crisis in Greece developed in 2014-2015
07/06/2015
Hardouvelis, a professor at the University of Piraeus in Greece, and finance minister during the last 18 months of the Samaras administration to Jan. 2015, describes how the crisis developed in 2014-2015- with the IMF seeking leverage for change in Greece, the mismanagement of the economy and negotiations by Tsipras and Syriza, and Syriza's focus on debt. He says debt is not an issue as it is easily serviceable at very low rates, a point made by Krugman in a column in April 2015, and that the economy was gradually recovering in 2014 with lower unemployment and prospects for growth. The European Commission shows in its May estimate for Greece a growth rate of 2.9% in Greece for 2016.
Grouped Articles
How to Undo the Damage in Greece
New York Times 07/06/2015
Cutting Greece Loose Might Be a Win-Win
Wall Street Journal 07/08/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
Eurozone unemployment hits lowest level in eight years | Business | DW | 31.07.2017
DW.COM 07/31/2017
Planned merger of German media companies ProSiebenSat.1 and Axel Springer
07/06/2015
Grouped Articles
German Media Giants in Merger Talks
Wall Street Journal 07/06/2015
An Old-Media Empire, Axel Springer Reboots for the Digital Age
New York Times 12/20/2015
China's $586 billion 2008 Stimulus package and the resulting debt overhang that the Jinping administration hoped to ease through the equity market
07/09/2015
The effort appears to have failed leaving companies as dependent as before on the bank loans. The surge
Grouped Articles
China’s Stock-Market Woes Trace Roots to Earlier Stimulus
Wall Street Journal 07/09/15
A Warning on China Seems Prescient
New York Times 08/24/15
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/16
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/17
The U.S. Federal Reserve's enforcement action against Banco Santander's U.S. unit in 2015
07/08/2015
Grouped Articles
Fed Tells Santander’s U.S. Unit to Shape Up
Wall Street Journal 07/08/15
Consumer driven marketing and South Korean food company Haitai's honey butter potato chips
07/08/2015
The craze for honey butter chips in South Korea in 2015. The product was marketed using scarcity, social media, celebrities, and other methods used to market smartphones sold by Xiaomi and Apple. People lined up for 30 minutes outside stores before they opened to buy the chips. Initially the sales team at Haitai had opposed the idea of selling the chips using a new flavor. The idea for the butter flavor came from Japan and the idea of using a sweet flavor such as maple or honey was intended to reduce the amount of salt in potato chips. This was a way to test the idea that this much salt was not needed for people to try potato chips.
Grouped Articles
The Potato Chip Frenzy in Korea
Wall Street Journal 07/08/15
Barclays CEO Anthony Jenkins 2012-2015
07/08/2015
Barclays CEO Jenkins is ousted by the Board in July 2015.
Grouped Articles
Barclays Fires Chief Executive Antony Jenkins
Wall Street Journal 07/08/15
How Antony Jenkins Was Fired by ‘Mack the Knife’
Wall Street Journal 07/08/15
Xiao Wang, chairman, China Securities Regulatory Commission, March 2013 -
07/08/2015
Wang is former head of the Bank of China, one of four large state owned banks. A WSJ report shows that under Wang as CEO of the bank in 2009 it was the least profitable and the most likely to ramp up lending at the government's request. As a savy politician he was appointed to the Party Central Committee in 2012 and to the position at the regulatory body in March 2013. In efforts to meet party directions Wang has moved in conflicting directions, clamping down on margin financing and as the market selloff worsened even loosened restrictions for loans on homes to invest in the market. The huge surge in the market and the Shanghai and Shenzen stock exchanges is now followed by a selloff in July 2015, which the government has no experince in handling following China's experiment with its own state oriented form of capitalism since 1990. The government plans to allow state owned enterprises with large debt to reduce the debt by investing in a surging market may be based on an erroneous assumption on how equity markets work. Lack of prior experience with equity markets on the downside is another handicap in China.
Grouped Articles
The Man Tasked With Stopping China’s Stock Selloff
Wall Street Journal 07/08/15
Beijing’s Response to Stock Selloff Reveals Deep Insecurity
Wall Street Journal 07/08/15
Why China’s Stock Market Bailout Just Might Work
New York Times 07/09/15
Memo to China: Your Market Moves Are Doomed to Fail
Wall Street Journal 07/10/15
Cooling of China’s Stock Market Dents Major Driver of Economic Growth
New York Times 07/15/15
Wall Street Journal 07/28/15
Beginnings of a shift to Africa (Ethiopia) of apparel makers in 2015
07/08/2015
Apparel factories shifted to Bangladesh, Vietnam, Cambodia, Myanmar, as wages increased in China. The apparel makers are now shifting to countries such as Ethiopia in Africa, as the search for low wage countries with political stability and basic infrastructure continues. Ethiopia is landlocked and lacks a port. It is building a rail connection to neighboring Djibouti to export garments.
Grouped Articles
Search for Ever Cheaper Garment Factories Leads to Africa
Wall Street Journal 07/08/15
Ethiopia’s Human Rights Activists See Scant Hope in Obama’s Visit
New York Times 07/26/15
Young, Urban and Poor: Africans Fight Back
WSJ 02/05/19
The European Union's Third Bailout 3 year package for Greece on July 12, 2015
07/07/2015
Grouped Articles
Eurozone Sets Sunday Deadline for Greece Financing Deal
Wall Street Journal 07/07/15
Greece, Its Back to the Wall, Adopts Austerity Steps
New York Times 07/15/15
German Parliament Approves Greek Bailout Negotiations
Wall Street Journal 07/17/15
Economist 07/19/15
Eurozone Finance Ministers Approve New Bailout For Greece
Wall Street Journal 08/15/15
The Greek Debt Deal’s Missing Piece
New York Times 08/15/15
Spain, Italy, Ireland and the Syriza party referendum in Greece
07/07/2015
Grouped Articles
Wall Street Journal 07/07/15
Germany's total exposure to Greece in 2015 estimated at 90.6 billion euros in 2015, of which 53.4 billion euros in loans are not repayable till 2020 and 2024
07/06/2015
Standard & Poors estimate of the total exposure of Germany to Greece is about 90.6 billion euros. Since the bulk of this or 53.4 billion euros under bilateral and EFSF loans that do not begin repayment under 2 programs till 2020 and 2024 the losses are seen as manageable. This say experts could be covered by normal fiscal revenues over several years without having to raise taxes. This strengthens Angela Merkel's hand in any negotiations with Greece following the "no" vote in Greece on July 5, 2015.
Grouped Articles
Germany Has a Lot to Lose in a Greek Euro Exit
Wall Street Journal 07/06/15
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/15
Economist 07/19/15
Eurozone Gives Greece Some Debt Relief as Bailout Nears End
WSJ 06/22/18
Greek-American, former WSJ correspondent, James Angelos, author of the book "Full Catastrophe" on mismanagement and dysfunctional practices in Greece
07/06/2015
Angelos visits Greece and describes what he sees in considerable detail.
Grouped Articles
Wall Street Journal 07/06/15
Negotiations of the EU with Greece's new finance minister Tsakalotos in July 2015 following the referendum
07/06/2015
Grouped Articles
Eurozone Sets Sunday Deadline for Greece Financing Deal
Wall Street Journal 07/07/15
Greek ‘No’ May Have Its Roots in Heroic Myths and Real Resistance
New York Times 07/06/15
For Europe’s Sake, Keep Greece in the Eurozone
New York Times 07/06/15
Greek Debt Crisis: In Athens, Jubilation Gives Way to Dismay and Confusion
Wall Street Journal 07/13/15
Economist 07/19/15
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