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The U.S. Supreme Court's review of the health care law in 2012 and the Wickard-Filburn decision of 1940
11/15/2011
In the Wickard-Filburn decision the U.S. Supreme Court unanimously ruled against an Ohio farmer, Mr. Filburn, who questioned a federal law that imposed a penalty for every extra bushel of wheat grown beyond a stipulated amount. The briefs presented by both parties present arguments about what are the limits of federal power under its powers to regulate interstate commerce and in what circumstances- with the Obama administration arguing that it imposes larger costs on people in all states if some people refuse to buy insurance.
Linked Articles
At Center of Health Care Fight, Roscoe Filburn's 1942 Case
New York Times 03/19/2012
Health Insurance and the Broccoli TestNew York Times 11/15/2011
The new government of Mario Monti, former EU commissioner, in Italy
11/13/2011
A government of technocrats formed from respected figures in academia, business and the civil service in Italy. It replaces the government of Silvio Berlusconi which had lost credibility inside Italy and with leaders of the European Union.
Linked Articles
Mario Monti, Italyâs New Leader, Faces Uphill Fight
New York Times 11/13/2011
Italyâs Monti Forms New GovernmentNew York Times 11/16/2011
The focus on Belgium's dysfunctional state following the Paris attacks in 2015
10/12/2011
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
China's declining competitiveness with price increases for land, labor and electricity (1)
10/07/2011
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
U.S. airlines (Delta, United Continental, American) capacity restraint 2010-2014 and U.S. Justice Department investigation for collusion
09/14/2011
Linked Articles
Justice Department Probes Airlines for Collusion
Wall Street Journal 07/02/2015
Carriers Keep Capacity in CheckWall Street Journal 09/14/2011
Harvard labor economist Lawrence Katz's solutions to the job crises and high unemployment in the U.S.
09/06/2011
Katz suggest a number of steps including a subsidy for companies creating new jobs. A form of this subsidy is used in Germany with the "kurzarbeit" program which preserves jobs in a downturn. Katz reminds us that there are three job crises facing America- long term unemployed not reflected in government unemployment figures, effects of foreclosures and debt, and the impact of automation with lower job creation in manufacturing. A sustained andmultipronged approach over a number of years is needed and no single panacea or misguided optimism will work.
Linked Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Help Displaced WorkersNew York Times 09/06/2011
Alan Meltzer and Thomas Hoenig's criticism of Federal Reserve Bank chairman Bernake's failure to look at long term consequences of low rates
08/11/2011
Hoenig points to the Fed's lowered rates in 2003 after the burst of the dot com bubble and higher unemployment of 6.5% in 2003 and Meltzer which led to the mortgage meltdown of 2008. Meltzer points to QE II's $600 billion monetary easing in 2010 which failed to revive the economy or reduce unemployment in 2011. They emphasize the Fed's lack of attention to the long term consequences of their actions. Both question the role of the Fed in creating jobs and see the role of the Fed as a neutral player, as deeper structural changes such as ashift to export driven economy, lower consumption take time and are only delayed by a continuation of old policies.
Linked Articles
Kansas City Fed President Defies Conventional Wisdom
New York Times 08/13/2011
The Folly of Economic Short-TermismWall Street Journal 08/11/2011
Problems with the EU July 2011 Plan for Greece and other troubled eurozone countries
07/28/2011
The lack of funding and powers for the European Fiinancial Stability Facility to deal with future crises. EFSF lacks adequate funding and power to buy bonds of troubled eurozone countries including Italy and Spain. Other issues that remain unresolved A sense that the EU leaders are a step behind each developing crisis and have not wrapped their hands around the whole problem.
Linked Articles
Wall Street Journal 08/08/2011
The Euro Crisis: Big Rescue, Big DoubtsBusinessWeek 07/28/2011
Black people in the U.S. and declining economic advancement in 2008-2016
07/26/2011
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
The politicizing of the 2011 budget process- Obama, Cantor and McConnell (1)
07/14/2011
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
Antonis Samaras and the political opposition to harsh austerity measures in Greece- 2011-2012
07/02/2011
Antonis Samaras of the New Democracy Party opposes tax increases that will further reduce any prospects for economic growth in Greece. As opinion polls show his party passing the socialist party of prime minister Papandreou in popularity in July 2012, any future E.U. agreement for Greece will have to be negotiated with Samaras. The E.U.'s June 2011 plan for Greece faces strong criticism.
Linked Articles
Greek Opposition Slams Tax Rises
Wall Street Journal 07/05/2011
Greece and the euro: The abuses of austerityEconomist 07/02/2011
The June 2011 European Union plan for Greece faces strong criticism for being unworkable
07/01/2011
This plans doubles the interest rate for Greece debt owed to French and German banks under a French banking proposal. Sharp spending cuts and tax increases face opposition inside Greece and their negative impact on economic growth may leave Greece with a much larger debt to GDP ratio in 2011 than in 2010.
Linked Articles
Greece and the euro: The abuses of austerity
Economist 07/02/2011
Move Buys Time for Greece, But Growing Debt LoomsWall Street Journal 07/01/2011
The views of Alex Weber, former head of the Bundesbank, on the ECB's role in Greece and addressing the underlying problems.
06/27/2011
Linked Articles
Ex-German Central Banker's Unconventional Career Path
Wall Street Journal 06/27/2011
Germany's Weber Slams Rescue EffortsWall Street Journal 06/27/2011
The Christian Democratic Union, the 2011 CDU convention in Leipzig, and the shifting German view on strict austerity policies
11/15/2011
A faction of the CDU favors a strict interpretation of austerity policies for the eurozone. As CDU leader, Angela Merkel shifts policies to accomodate growing weariness in the rest of Europe with strict austerity policies to accomodate growth, Merkel faces dissent in the CDU. This is evident in the conflicting statements from the EU trade commissioner Mr Gucht, and its economic affairs commissioner Mr. Rehn, on Greece continuing in the eurozone, after Merkel's stated willingness to compromise at the Camp David G-8 summit.
Linked Articles
Greek Stimulus Is an Option, Merkel Says
New York Times 05/16/2012
Merkel Party Seeks Euro Exit PolicyWall Street Journal 11/15/2011
Abbott Lab's medical products company and its focus on emerging markets in China and India
10/20/2011
Abbott see the huge potential for infant nutrition and other businesses related to medical products as millons of people join the middle class in China, India, Vietnam and other emerging markets. Nestle is pursuing a similar idea with its acquisition of Pfizer's infant nutrition business which has a large presence in China. With its strong brand name presence, marketing and distribution, and the growing need for better nutrition in these countries Nestle sees huge potential for growth.
Linked Articles
Abbott to Split Into Two Companies
Wall Street Journal 10/20/2011
Abbott Looks to Consumer for GrowthWall Street Journal 05/03/2012
China's move forward with nuclear energy after the Fukushima nuclear accident
10/10/2011
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
Germany's Pirate party of digital activists and anti-establishment sentiment
09/19/2011
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
Stanford's John Taylor, Yale's Robert Shiller and other experts provide different proposals for U.S. job growth
09/06/2011
Proposals for reducing U.S. unemployment in 2012-2014 from experts with different perspectives of how the U.S. economy functions.
Linked Articles
Long-Term Unemployment Carries Risks for U.S.
New York Times 11/26/2011
Not More of the SameNew York Times 09/06/2011
Mexico's failures in introducing competition in the economy and addressing problems in education that restrict its growth potential 2011-2015
08/27/2011
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
As Republican leaders shift strategy to allow debt limit increases in 2014 - (1) the Tea party position was not what it was thought to be
08/01/2011
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
Ford Motor Company's push to meet new fuel efficiency standards on the F-150 for 2014
07/27/2011
Ford plans to cut body weight on the F-150 pickup truck by 700 pounds, 15% of the body weight, by switching to aluminium from steel. This will enable a 25% increase in fuel efficiency.
Linked Articles
Ford's Trade-In: Truck to Use Aluminum in Place of Steel
Wall Street Journal 07/27/2012
Five Car Makers Back White House's Tougher Fuel Economy RulesWall Street Journal 07/27/2011
The European Central Bank, the European Financial Stability Facility and "selective default" under the eurozone agreement of July 20111
07/21/2011
Linked Articles
Wall Street Journal 08/08/2011
Euro Zone Moves Toward Greek DealWall Street Journal 07/21/2011
Sheila Bair, former chairwoman of the U.S. FDIC, and the short termism following the global financial crisis of 2008 that could bring the U.S. to another financial crisis
07/07/2011
Linked Articles
Short-termism and the risk of another financial crisis - The Washington Post
Washington Post 07/10/2011
Bair's Legacy: An FDIC With TeethWall Street Journal 07/07/2011
The cost of the electric battery in electric cars and building a viable electric car industry
07/02/2011
Major advances in battery technology and cost are needed for electric cars to take off. Gasoline needs to be higher than $4.50 a gallon in the U.S. for electric cars to be economically attractive. This includes a rebate of $7500 towards the higher cost of the electric cars. Battery cost is a major component of the extra cost.
Linked Articles
Ford CEO: Battery Is Third of Electric Car Cost
Wall Street Journal 04/18/2012
Long and Winding Road for Electric VehiclesWall Street Journal 07/02/2011
The Wall Street Journal calls the June 2011 E.U. plan for Greece "the French deception," and the Economist says it is doomed to failure
06/30/2011
Doubling the interest rate on loans owed by Greece to French and German banks is called "the French deception" by the Journal . The Economist sees the sharp spending cuts and tax increases having enough detrimental impact on economic growth to make the debt load larger than before.
Linked Articles
Greece and the euro: The abuses of austerity
Economist 07/02/2011
The French DeceptionWall Street Journal 06/30/2011
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