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The hidden virtues of Hillary Clinton- a different approach to foreign conflicts
04/30/2009
Hillary's adoption of the Dutch military's model for the U.S. role in Afghanistan and following up on the work of South Asian envoy Holbrooke, who settled the Balkan conflict with peace accords under Bill Clinton.
Linked Articles
Against Odds, Path Opens Up for U.S.-Taliban Talks
New York Times 01/11/2012
U.S. Takes Dutch Military as Role Model in Afghan OperationWall Street Journal 04/30/2009
Grantham and Zweig express deep skepticism about the stock markets 2nd quarter 2009 recovery.
04/23/2009
Too many of the companies that looked like "garbage" to Zweig have gone up steeply, and Grantham expresses the same skepticism when he says 'the junky companies have been diluted like hell just to keep them alive."
Linked Articles
Economist 04/23/2009
Wall Street's Clearance Sale Leaves Few BargainsWall Street Journal 06/06/2009
Bank lending still in bad shape in April 2009.
04/16/2009
Not much of the bailout or recovery by banks is showing up in lending practices. Is it ashort lived recovery in bank stocks and one quarter earnings that will fizzle out, and meantime with credit still tight the economy deteriorates.
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Lending By Bailout Recipients Falls AgainWashington Post 04/16/2009
The NYT has a different view of the G-20 summit than Pearlstein in the Washington Post.
04/03/2009
NYT editorial says the summit came up short on strong global regulation and on the Stimulus for Europe.
Linked Articles
New York Times 04/03/2009
Steven Pearlstein - A Rare Triumph of Substance at the SummitWashington Post 04/03/2009
Interest rate swap contracts sold by banks to the city of Detroit in 2005 and the "kiko" derivative contracts sold by banks to exporters in S. Korea before the 2008 global financial crisis
04/03/2009
The huge losses suffered by Detroit and by exporters in S. Korea and how the issues raised were handled in the two places. What takes precedence fairness or contracts, how much of a contract has to be intelligible to the investor and the broader question of why banks needed to write such contracts or conduct business in this way which could hurt their reputation. An example is given by Floyd Norris of NYT where Bankers Trust reputation suffered badly in 1994 for selling such contracts to P&G.
Linked Articles
New York Times 04/03/2009
'Safe Harbor' in Bankruptcy Upended in Detroit CaseNew York Times 12/23/2013
Geithner's Plan for Toxic Assets
03/23/2009
Experts are doubtful Geithner's plan of March 23, 2009 for toxic assets will work. Its similiar to plans previously announced by Paulson in the Bush administration. Views of Krugman, Eavis and Reinhart. If lack of confidence and lack of liquidity were the only problems they say, government money as incentives might work, but the problem is more basic and structural. These mortgage securities are from a time of easy money, now investors are shy of risks and would discount them even more as a safety factor, and banks would not want to sell them at that price. Are stress tests and nationalization of failed banks around the corner?
Linked Articles
Why Congress Will Kill the Bank Rescue
Wall Street Journal 03/24/2009
Geithner's Gamble Needs SpeculatorsWall Street Journal 03/23/2009
Ted Truman, a seasoned veteran, helps Geithner with the G20 meeting and calls for bigger stimulus spending.
03/13/2009
Ted Truman is aforceful advocate for bigger stimulus spending at the upcoming G20 meeting. In a memo to Geithner he has toughened up the US position on this in advance of the G20 meeting in the UK on April 2, 2009.
Linked Articles
Split on a Cure for Recession, Leaders Try Three Efforts
New York Times 03/15/2009
Geithner Hires a Seasoned 'Temp'Wall Street Journal 03/13/2009
To just be where America was in 1999, household debt has to drop 30%!
03/11/2009
The movement among Americans like Mr Bailey in Boise, Idaho, to get debt free, is going to be as big a factor as the toxic assets at banks, and foreclosuresin housing, in the fundamental changes that are going on in the economy that will last for years, decades. These are conservative lending, government lending to make up, savings, less consumption and scrapping or sale of unneeded factory capacity (plant) to developing countries.
Linked Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Frugality Forged in Today's Recession Has Potential to Outlast ItWall Street Journal 04/06/2009
Cornell's Frank points out that savings may be good for America once they are chanelled into investment.
02/15/2009
For this to happen some of the excess household debt from the number 96% of GDP, that household debt in the USA has reached, has to be shaved off. This is happening as Americans are shifting to becoming debt free in their finances. This affects consumption through the paradox of thrift. But says Prof. Frank this is OK, as the government steps in in the meantime to give the boost to the economy, till consumers recover from debt. Future savings can then be channelled into new productive investment for modernization's next phase, just as China and India are doing.
Linked Articles
Imbalance in Nations' Savings Clouds Forecasts for Recovery
Wall Street Journal 03/23/2009
Go Ahead and Save. Let the Government Spend.New York Times 02/15/2009
For a Nobel prize winning economist a sick feeling in the stomach in February 2009.
02/13/2009
Is the US going the way of a train wreck as Japan did from the mid 1990's to 2003 with every set of actions falling short of the task of cleaning up the banking system and economic recovery? Krugman and Japanese experts who tackled the Japanese banking crisis sense something like this is happening in the US.
Linked Articles
New York Times 02/13/2009
In Japan’s Stagnant Decade, Cautionary Tales for AmericaNew York Times 02/13/2009
The New York Times Company struggles with debt payments after years of overborrowing.
01/20/2009
Its not clear that the $250 million investment at 14% interest by Carlos Slim of Mexico will be enough as much of the repayment of debt of $1.1 billion comes due in the next couple of years.
Linked Articles
These Times Demand Tough Action
Wall Street Journal 01/20/2009
Billionaire Reaches Deal On Funding For Times Co.Wall Street Journal 01/20/2009
Board of Directors, auditors, management and bad governance- Satyam in India and Olympus in Japan
01/09/2009
Linked Articles
Wall Street Journal 01/09/2009
Panel Releases Findings in Olympus CaseWall Street Journal 12/06/2011
Te Capps and the Muirs in Boise, Idaho, and the national savings rate.
01/02/2009
How the Capps and the Muirs, two couples in their thirtes and forties and their families are scrimping and saving like older generations of Americans. The implications of this for the national savings rate which is forecast to reach 10% by Goldman Sachs in 2009. What this means for consumption spending according to Rodriguez, and why the economy may be setting up for a longer downturn approaching ten years.
Linked Articles
Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic Woes
Wall Street Journal 01/06/2009
The Doomsayers Who Got It RightWall Street Journal 01/02/2009
Gaps and flaws in the stress tests could cause problems later on
04/26/2009
How the Citigroup stress test conclusion does not match up with large pending losses in aworst case scenario. The ineffectiveness of the regulatory structure, as the FDIC is burdened with a large loss sharing agreement with Citigroup, but has not been able to get a change in the management at Citiigroup so that action is speeded up.
Linked Articles
Wall Street Journal 06/05/2009
The Stress Test ResultsNew York Times 04/26/2009
Views of experts from Raghuram Rajan, Paul Krugman and Simon Johnson are at odds with the Obama administration's recycling of prior Paulson's bank rescue plans
04/21/2009
Rajan and Johnson call for smaller, more transparent financial institutions through the government takeover of insolvent banks and breaking them up into smaller financial institutions that pose less risk to the country's economy and are easier to manage, and less prone to excessive risk taking. And they propose crafting policy and antitrust laws to make this work. Questions raised about the administration having too many people on its economic team who are deferential to Wall Street and not with a mindset that questions key assumptions -some call them sacred cows- that are put forward by Wall Street.
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Time for Bank Creditors to Share the Pain?New York Times 04/29/2009
The gap between the admirable comments and clarity of Obama's Georgetown sppech and the growing foreclosures, dramatic drops in business and consumer lending.
04/14/2009
Failure to stem foreclosures and to ramp up business and consumer lending, by taking over insolvent banks and offering loans at attractive rates, is hurting the economy and will lead to further job losses.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Text of Obama Economic SpeechBusinessWeek 04/14/2009
Krugman and the editors of NYT see the G-20 coming out short in addressing the crisis.
04/03/2009
The Europeans failed top support the USA in the push for strong stimulus and global regulatory reform is still uncertain. About $1.1 trillion for supporting trade and the IMF, with IMF asked to promote social help in emerging countries in addition to fixing finances.
Linked Articles
New York Times 04/03/2009
The Economic SummitNew York Times 04/03/2009
IMF Conditionality that ignored people in developing countries and exacerbated crises and the new G20 focus on social help and stimulus spending.
03/31/2009
The new G20 mandate for social help and stimulus spending makes official the new policy direction for the IMF. It and marks the end of old style conditions that worsened the living conditions of people in countries that accepted IMF help, and exacerbated crises. Which is why the very word IMF scares people in S.Korea and in Pakistan and in so many other places.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
Washington Post 04/03/2009
An Empowered IMF Faces Pivotal TestWall Street Journal 03/31/2009
The Money multiplier is broken and the Fed's infusions are ending up in bank reserves.
03/20/2009
Banks have $679 billion in reserves, says Gongloff, and this matches the $653 billion that the Fed added to the money supply in this period. With the money multiplier broken the money is simply adding to the buildup of reserves at the banks.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Best Check on Inflation: Broken BanksWall Street Journal 03/20/2009
Child hunger in India and India's Food Security legislation in August 2013
03/13/2009
Food expert Rieff cites figures showing child malnutrition at over 40% in India for children under the age of 5 in 2009. A World Food Program report says 230 million people in India are hungry each year. India's Food Security legilation has to be seen in this context. Rieff says India is in danger of losing its demographic dividend as a result of child malnutrition. All developing countries can learn from each other and their programs to reduce child malnutrition, improve health care and vaccinations, and introduce healthy food and sanitary practices. Programs are in place in Brazil, Mexico, Indonesia, India, and China.
Linked Articles
As Indian Growth Soars, Child Hunger Persists
New York Times 03/13/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
"So am I", the President responds to special interests gearing up to thwart his plans to revamp the economy.
03/01/2009
My message to them, is this: "So am I", with that remark in his radio address Obama says he knows special interests are gearing up for a fight to prevent needed change in education oppportunities that otherwise would close the door on the middle class, on health care coverage that otherwise will leave in addition to the 46 million not covered an additional number of that magnitude uncovered as unemployment rises and insurance premiums become unaffordable, and on energy that leaves energy policy to oil and gas companies that have done little to promote conservation or new technologies to reduce demand amid mushrooming global demand.
Linked Articles
Obama Calls His Budget Needed Change
New York Times 03/01/2009
Liberal Groups Are Flexing New Muscle in Lobby WarsNew York Times 03/01/2009
How the Japanese experience in their banking crisis holds new lessons for America as it grapples with its own banking crisis.
02/13/2009
Experts who tackled the Japanese banking crisis say America is facing the same train wreck as politicians take ineffectual action in tackling the bad debt, and not until this bad debt is cleaned up will the broader economy recover.
Linked Articles
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
Ailing Banks May Require More Aid to Keep SolventNew York Times 02/13/2009
The Economist's view that nationalizing the failed banks is the only serious option.
02/03/2009
With the banks in private hands it becomes almost impossible to value these toxic assets says the Economist. As the situation worsens between now and 2010 nationalization will become more acceptable. Its the only serious option, and one way ot or another the government will be guaranteeing these assets, as the banks are dependent on the government. It asks why pretend otherwise?
Linked Articles
Economist 02/03/2009
The spectre of nationalisationEconomist 02/03/2009
Bonuses, executive compensation and performance in the UK, public outcry.
01/20/2009
The executive compensation and bonus situation in the UK. RBS and othe banks and the public outcry. As RBS shares drop to 12 pence or less than the price of a candy bar, loss for 2008 is 28 billion pounds, and the British government comes up with $20 billion pounds of government money for RBS and takes 70% ownership, reports in the Sunday Telegraph suggest executives plant to handout $1 billion in bonuses. How?
Linked Articles
U.K. Boosts Its Bailout As Bank Losses Rise
Wall Street Journal 01/20/2009
British Official Plans a Review of Bonuses After OutcryNew York Times 02/09/2009
Gaza Strip then and now six years later, 2009 and 2015- an intractable conflict leaves 1.8 million Palestinians no closer to normal life
01/09/2009
Linked Articles
Despair and a Defiant Smile in a Gaza Hospital
New York Times 01/09/2009
Gaza Strip Economy on ‘Verge of Collapse,’ World Bank SaysNew York Times 05/22/2015
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