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Bloomberg tells Republicans and Democrats that promoting the idea of a free lunch or getting something for nothing is delusional. He points to the road for U.S. economic recovery based on this step combined with an up or down vote on the Simpson Bowles plan in Congress.
Linked Articles
Federal Budgets and Class Warfare
Wall Street Journal 03/29/2012
Washington Taxes Own CredibilityWall Street Journal 12/16/2010
The transfer of technology to Chinese partners as a price of access to the Chinese market.
Linked Articles
The Roadblock in GM's Route Through China
Wall Street Journal 04/20/2011
Train Makers Rail Against China's High-Speed DesignsWall Street Journal 11/17/2010
A WSJ poll in 2010 showed that between 1999 and 2010 public sentiment had completely changed seeing trade as hurting American workers. A study by counties in the U.S. by Autor, Hanson, and Dorn showed the damage done by trade policy for American manufacturing workers. By March 2016 in the U.S. presidential election Michigan primary large gains were made by Republican and Democratic candidates opposing trade agreements including TPP negotiated by president Obama.
Linked Articles
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
Americans Sour on TradeWall Street Journal 10/02/2010
Suzuki in India, Adidas and Philips NV in China maintain sales momentum by moving to smaller towns and rual areas in emerging markets.
Linked Articles
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
Maruti Suzuki Bets Big on BackwatersWall Street Journal 12/24/2013
Mohamed Hanif of the BBC's Urdu Service gives the view of ordinary Pakistanis outside of the small military and civilian elite that runs Pakistan. They are just looking in and are more interested in the electricity that can illuminate a village, than with an obsession for India. Pakistan has lagged in economic development and has no emerging middle class like India. Friedman of the New York times sees America a the sucker in this game, but is oblivious to the feeling of ordinary Pakistanis who were never part of this.
Linked Articles
In Pakistan, Echoes of American Betrayal
New York Times 07/31/2010
The Great (Double) GameNew York Times 07/31/2010
Linked Articles
JAL, a Bailout Beneficiary, Heads for a Public Offering
New York Times 07/02/2012
JAL May Need $1.1 Billion More in AidWall Street Journal 06/21/2010
The Justice Department filed criminal charges against engineers and managers at BP citing wanton and negligent conduct.
Linked Articles
In BP Indictments, U.S. Shifts to Hold Individuals Accountable
New York Times 11/15/2012
Oil Executives Try to Explain Differences From BPNew York Times 06/15/2010
Inflation reached a high of 3.1% increase in May 2010 over the previous year according to government data. The wage increases are still to be reflected in eventual inflation. The need for stronger measures such as increasing interest rates and revaluing the currency.
Linked Articles
China Inflation Rises to a 19-Month High
New York Times 06/11/2010
Unrest May Signal New Phase in China EconomyNew York Times 05/29/2010
The high end juice maker provides Campbell with products in a growing market. Store brands have eroded sales of Campbell brand canned soups. Campbell also hopes to tackle a younger demographic.
Linked Articles
Wall Street Journal 07/10/2012
Headwinds Threaten Campbell's ChargeWall Street Journal 02/22/2010
Since 2004 China's consumer spending has fallen behind even more from 40% to 35% as a share of the economy. Steps to reverse this by allowig wages to increase significantly as at this Honda facory in Foshan.
Linked Articles
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
China Aims to Transform a Nation of Savers Into SpendersWall Street Journal 01/07/2010
Linked Articles
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
Linked Articles
Danone Expands Its Pantry to Woo the World's Poor
Wall Street Journal 06/25/2010
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
Linked Articles
Health 'Debate' Deserves a Failing Grade
Wall Street Journal 11/18/2009
A grim diagnosis for our ailing U.S. health care system - The Washington PostWashington Post 11/28/2011
Inflation, repressed consumers, and the failure of current economic policy to produce the kind of sustainable growth China needs. One of the concerns raised before the Asian economic crisis of 1997 was the poor and declining productivity of capital in some Asian countries.
Linked Articles
New York Times 01/20/2011
Sclerosis in China's Economic VeinsWall Street Journal 11/23/2010
Bloomberg says the political class in the U.S. has promised a free lunch or something for nothing for too long. His two step plan to put the U.S. on the path to economic recovery includes the passage of Bowles Simpson deficit reduction plan and the step of letting the Bush tax cuts for all income groups expire.
Linked Articles
Federal Budgets and Class Warfare
Wall Street Journal 03/29/2012
Left, Right and Wrong on TaxesNew York Times 11/15/2010
Linked Articles
The Inside Story of How the iPhone Crippled BlackBerry
Wall Street Journal 05/24/2015
Nokiaâs New Chief Faces a Culture of ComplacencyNew York Times 09/26/2010
About a fourth of workers are temporary workers in the U.S., according to the Census Bureau. In Germany OECD figures show temporary workers going up from 16% of all workers in 1998 to 21.5% by 2010.
Linked Articles
The Rise of the Permanent Temp Economy
New York Times 01/26/2013
German Workers' Wages Belie Country's ReboundWall Street Journal 08/17/2010
Greece's left Syriza government almost pulled the country out of the eurozone over pension cuts, even as military spending in Greece remained at 2.4% of GNP compared to close 1.4% for the EU average. Greece did not propose further cuts to military spending to bring the Greece ratio closer to that of Germany and other countries in Europe, raising questions about prudent spending. Which is why Greece sometimes has aspects of the surreal to people not just in Germany and Holland, but other parts of Europe, and outsiders. Under the reform proposal and bailout of July 12, 2015 following the "no" referendum, Greece's parliament voted overwhelmingly in favor of the similiar cuts in pensions from an earlier EU proposal, with cuts of $300 million to the military spending by 2016. Greek shipowners will also pay taxes under the new bailout, negotiated by Greece with France's help when the referendum had damaged relations with the rest of the EU, particularly Germany with only 10% in polls willing to support any further concessions.
Linked Articles
Wall Street Journal 07/11/2015
The Submarine Deals That Helped Sink GreeceWall Street Journal 07/10/2010
Volcker voiced his concern that a lot depends on how tough and vigilant a new council is with banks in the US on a day to day basis. The 10 member Financial Oversight Council was set up in the US financial reform bill of 2010. Some of the economists in the Squam Lake Group, 15 highly reputed economists in the U.S., also share this concern.
Linked Articles
Paul Volcker Pushes for Reform, and Regrets His Past Silence
New York Times 07/09/2010
15 Economists Issue Crisis-Prevention ManualNew York Times 06/15/2010
Linked Articles
Italy Seeks to Spur Growth, Narrowing Gap With Peers
Wall Street Journal 07/18/2011
Italy's Shot of Southern DiscomfortWall Street Journal 06/03/2010
The high margins for Apple achieved through a combination of keeping costs low- even at the risk of providing poor wage and working conditions for the majority of employees employed in the retail stores in the U.S. and in supplier Foxconn plants in China- and by a grasp for innovation and technology. The paradox of a well deserved image for pioneering in technological innovation and the indifference to working conditions and prospects for employees who add value in manufacturing and customer interface. This model of growth is a recent development, put in place after 1997. In 1995-1997 Apple was nearing collapse under Michael Spindler and Gil Amelio, as documented by WSJ technology reporter Jim Carlton in his book- "Apple- The Inside Story of Intrigue, Egomania, and Business Blunders." Steve Jobs returned as CEO in 1997 and set the future course and this model in place emphasizing design, his ability to grasp technologies that would appeal to customers, and hired Tim Cook to set up the manufacturing which had high rate of defects and higher costs. The model was as full of paradoxes, of genius combined with mediocre behavioursas the man Steve Jobs. Tim Cook has responded to criticism in 2012 by having the Fair Labor association audit Foxconn plants in China. Foxconn increased wages in 2012, shifted plants to the interior of China, and increased use of robotics.
Linked Articles
Wall Street Journal 05/29/2010
Apple Stores Army, Long on Loyalty but Short on PayNew York Times 06/23/2012
Shillers definition of adoubel dip recession is one in which unemployment stays stubbornly high for some years and a second recession occurs before a recovery is achieved from the first one. Statistical models and confidence indexes are poor at grasping and presenting this.
Linked Articles
Fear of a Double Dip Could Cause One
New York Times 05/14/2010
Stuck in Neutral? Reset the MoodNew York Times 01/31/2010
Perceived as indecisive over issues related to cutting wasteful spending and reducing the deficit, and the shift of an American base out of Okinawa, Hatoyama's popularity drops to 25%. He resigns (teary- eyed) after only 8 months in office. It shows how difficult it has become to find aleader since Mr Koizumi left office.
Linked Articles
Japanâs Premier Will Quit as Approval Plummets
New York Times 06/01/2010
Harsh Realities Stand in the Way of a Leader’s Vision of a New JapanNew York Times 12/23/2009
In 2004 Indonesian managers showed Franck Riboud, CEO of Danone, a pyramid of customers in Indonesia's population of 240 million people. It showed only 20 million customers at the top of the pyramid as the only ones who could afford Danone products. At that point Ribaud made up his mind to go after the large number of people at the lower end of the pyramid and come with strategies to do this profitably. By 2010 46% of Danone's sales were from emerging markets, up from 10% a decade earlier, showing the pace of the change. Unilever, P&G, Nestle, Colgate-Palmolive and other companies are following similiar strategies. P&G has used Mexico as a lab for experimenting with new products at low price points and Danone has done this in Indonesia.
Linked Articles
Danone Expands Its Pantry to Woo the World's Poor
Wall Street Journal 06/25/2010
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
It says a lot about the changes underway in the newspaper industry when a paper like the Washington Post closes its bureaus in New York, Chicago and Los Angeles, and covers the news there with travelling reporters. As local newspapers such as the New Orleans Times- Picayune move to three editions a week and an online edition, the number of journalists overing the area around New Orleans will shrink by a third in 2012. Advance Publications which runs the New Orleans paper will do the same for its papers in Huntsville and Birmingham i in Alabama.
Linked Articles
New Orleans Times-Picayune to limit printing to three days per week - The Washington Post
Washington Post 05/25/2012
Washington Post shutters last U.S. bureausWashington Post 11/25/2009
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