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Krugman points to the possibility that the President's political team may be trying to score political points with independent voters witht he budget.
Linked Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Negotiating the Debt Ceiling on a Knife's EdgeNew York Times 07/07/2011
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
Federal Flow of Funds Report for 2011 by the U.S. Federal Reserve shows 61% of net Treasury issuance was purchased by the Fed. Lindsey points out that the Fed has itself boxed in to keep rates low for years because for the U.S. government to borrow at more normal rates of 5.7% rather than the 2.5% at which it borrows today, would mean an addition $800 billion in interest costs by 2021.
Linked Articles
Demand for U.S. Debt Is Not Limitless
Wall Street Journal 03/28/2012
Notable & QuotableWall Street Journal 06/15/2011
A small appreciation in the yuan fails to reduce the trade deficit with China.
Linked Articles
No Appreciation for the Rising Yuan
Wall Street Journal 06/21/2011
U.S. Growth Could Trip on Wider Trade GapWall Street Journal 06/09/2011
Asset price bubbles, loose monetary policy and inflation in China. Slowing growth and risks of a hard landing. The opaqueness of the financial system with the state, banking, industrial and real estate sectors intertwined making it difficult to get a true measure of risks building up.
Linked Articles
The Great Property Bubble of China May Be Popping
Wall Street Journal 06/09/2011
China's Growth RisksWall Street Journal 05/25/2011
As the commodities boom fades Brazil's growth slows to 1% in 2012 after the rapid growth in the years under president Lula. Stiglitz and Sen pointed to this kind of uneven development with the neglect of education, healthcare and other public services. This is true also of economic development in China focussed on export industries, with the added cost of environmental degradation. Street protests in June 2013 in many Brazilian cities from Porto Alegre and Curitiba to Rio and Sao Paulo showed popular discontnet with the situation under president Rouseff.
Linked Articles
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
Anger Spills Onto Brazil's StreetsWall Street Journal 06/18/2013
When Ambassador Oren says Obama abandoned Israel, he refers to the "surprises" and "no daylight" or open disagreements that marked the relationship during the two terms of the Obama administration. One such point was on May 20, 2011, with Obama's call for pre-1967 borders.
Linked Articles
Wall Street Journal 06/16/2015
Netanyahu Rejects Obama Compromises on TalksNew York Times 05/20/2011
The dangers that economic policy may not be effective in managing the huge increase in credit and capital inflows. This is especially true with the distraction presented by the efforts of the AKP to win a sufficient majority to change the constitution.
Linked Articles
Turkish Leader Rides Spending Toward Win
Wall Street Journal 06/11/2011
The Turkish economy: OverheatingEconomist 05/07/2011
The forecasts of higher unemployment reaching 17% and economic contraction of 7% for 2011-2013 are widely diverging from the original estimates in 2011 by EU and IMF officials. This increases the urgency for reappraisal of the terms of the original agreement including borrowing rates, giving more time to achieve deficit targets, and other action to put Portugal back on the road to growth in 2014.
Linked Articles
Portugal to Seek New Bailout Terms
Wall Street Journal 03/04/2013
Government Sees Deep Recession Ahead for PortugalNew York Times 05/05/2011
Efforts to tap into the latest external science at universities and research centers outside company labs is leading pharmaceutical companies to try a different approach to R&D. Pfizer closed its R&D facility in Sandwich, England and opened one in Cambridge. It opened hubs in Boston, La Jolla. Merck has followed this approach with a decision to setup innovaton hubs in Boston, San Francisco, London and Shanghai.
Linked Articles
Merck Plans Radical Overhaul of Drug R&D Unit
Wall Street Journal 12/28/2013
Life Beyond Lipitor for Pfizer ChiefWall Street Journal 05/02/2011
The independent parliamentary panel in Japan concuded in its July 2012 Report that the nuclear accident at the Fukushima plant was "a profoundly man-made event." Here in its investigations after the accident the Wall Street Journal finds some of the safety flaws that could have been corrected but were not due to the compete lack of effectiveness of the safety agency and its failure to do its job. As a result licenses for forty year old nuclear reactor designs and installation designs were simply renewed without requiring changes or shutting down these reactors. It is these older designs that were also improperly installed that failed.
Linked Articles
Japan Plant Had Troubled History
Wall Street Journal 03/21/2011
Design Flaw Fueled Nuclear DisasterWall Street Journal 07/01/2011
Problems with data from China's Bureau of Statistics which do not accurately reflect the economic conditions in China.
Linked Articles
Chinese Data Said to Be Manipulated, Understating Slowdown
New York Times 06/22/2012
China Scraps Property Data, Clouding ViewWall Street Journal 02/17/2011
Nokia was a pioneer in the development of mobile phones in an earlier era when fixed lines were the norm. It dominated the mobile phone business in the period before 2009 for 2 decades before the coming of smartphones. The change in Nokia's market came quickly and suddenly with the advent of the iPhone and Nokia was unprepared for this development. This is a classic case of obsolesence and disruptions caused by innovation and new technologies. Other companies from the previous era before cloud computing and the internet, H-P, Oracle, IBM, and Microsoft, face the continuing challenge to adapt or lose to new competitors.
Linked Articles
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Full Text: Nokia CEO Stephen Elop’s ‘Burning Platform’ MemoWall Street Journal 02/09/2011
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
Even with a gradual appreciation of the yuan China continues to maintain its competitive position in international trade with productivity gains offfsetting the small appreciation and a smaller increase in prices of Chinese products. This could mean the U.S. and Eurozone countries will continue to run trade deficits with China in 2012-2013.
Linked Articles
Wall Street Journal 04/16/2012
No Appreciation for the Rising YuanWall Street Journal 06/21/2011
Demand from central banks is expected to decline by 34% in 2013, according to Reuters Thomson GFMS. Lower inflation and better returns in equity and bond markets is reducing demand from private investors.
Linked Articles
Gold Fades From Investment Picture
Wall Street Journal 10/29/2013
Investors Going for the Gold in China May Want to ReconsiderWall Street Journal 06/14/2011
There is hope in Nigeria in 2015 with the election of Muhammadu Buhari as president. There was hope in Nigeria in 2011 with the election of Jonathan Goodluck as president. Are too many young people in Africa and Asia seeing their hopes dashed and their dreams vanish? Will the demographic dividend be wasted in corrupt systems and inefficient management of the economy and resources? These are questions on so many young people's minds as two of the largest populated countries on the planet face new administrations and new hope for the future.
Linked Articles
Nigeria Is a Case Study in the Curse of Oil
Wall Street Journal 04/03/2015
Nigeria's prospects: A man and a morassEconomist 05/28/2011
The lack of reliable statistics in China and the tendency to understate the extent of the bubble effects in the economy will make it harder to to achieve a soft landing for the economy when the time comes.
Linked Articles
For Global Steel Industry, China Poses Guessing Game
Wall Street Journal 05/24/2011
The Great Property Bubble of China May Be PoppingWall Street Journal 06/09/2011
During the boom years much of the investment, about three fourths of the growth rate of over 4%, came from infrastructure investments that supported exports of soyabeans, iron ore and other commodities to China. Under the Worker's party socialist governments that get much of their support from the northeast, this disguised the low investments in public infrastructure services for drinking water, health sanitation, public schools and transportation services. This is a problem in developing countries of Latin America, South Asia, and Africa, with some regions lagging behind in essential infrastructure services, even with high growth rates.
Linked Articles
The Brazilian Doctors Who Sounded the Alarm on Zika and Microcephaly
Wall Street Journal 01/30/2016
Brazil's north-east: Catching up in a hurryEconomist 05/21/2011
When Ambassador Oren says Obama abandoned Israel he refers to moments such as the one on May 20, 2011, when Obama called for Israel to return to pre-1067 borders. At its shortest point the distance to Tel Aviv from the West Bank then was 9 miles, leading Israel says to "repeated wars," and not really a border for peace.
Linked Articles
In meeting with Obama, Netanyahu rules out Israeli withdrawal to 1967 borders - The Washington Post
Washington Post 05/20/2011
The 1967 Line of FireWall Street Journal 05/21/2011
How Foxconn is adapting to the changes by increasing wages in Shenzen, increasing automation, and shifting plants to lower wage regions in the interior of China, and to Brazil.
Linked Articles
Foxconn to Raise Salaries for Workers by Up to 25%
New York Times 02/18/2012
Foxconn: How to Beat the High Cost of Happy WorkersBusinessWeek 05/05/2011
Rockoff's interview with Pfizer CEO, Ian Read, in which Read describes his strategy of focussing on new drug development and locating closer to hubs with large universities and research centers such as La Jolla, Cambridge, Massachusetts, and Cambridge, England. Pfizer sold its infant nutrition business to Nestle as part of this plan.
Linked Articles
Pfizer Profit Declines 19% After Loss of Lipitor Patent
New York Times 05/01/2012
Life Beyond Lipitor for Pfizer ChiefWall Street Journal 05/02/2011
With 47% of the employed population being immigrants, the presence of immigrants has shaped the city and contributed to its economic vitality. Without immigrants the population would be declining as happened in a prior decade, and economic vitality would be affected. Many of the immigrants are from Mexico, China, India and the Caribbean.
Linked Articles
Immigration Remakes and Sustains New York, Report Finds
New York Times 12/18/2013
Blacks Leave City as Asians Propel GrowthWall Street Journal 03/25/2011
The lack of adequate funding and focus on jobs training in the U.S. to fill job vacancies and lower unemployment. This is becoming increasingly important with the large number of people unemployed for long periods.
Linked Articles
U.S. Faces Uphill Battle in Retraining the Jobless
Wall Street Journal 07/31/2012
Many Workers Seen Lacking Skills for New JobsWall Street Journal 03/15/2011
Elliott House is a former publisher of the Wall Street Journal and a Pulitzer prize winner for covering the Middle East. She sees the Saudi Arabian princes sorely out of touch with the ordinary Saudis and the young people and U.S. policy at an impasse. Rice says the policy of supporting autocracy only brings a false kind of stability. She sees Egypt, Tunisia and the rest of the Arab world and thinks it did not have to be this way.
Linked Articles
Condoleezza Rice - The future of a democratic Egypt
Washington Post 02/16/2011
From Tunis to Cairo to Riyadh?Wall Street Journal 02/15/2011
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