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The Volcker Rule and the report of the Squam Lake group of 15 prominent American economists
06/15/2010
Linked Articles
15 Economists Issue Crisis-Prevention Manual
New York Times 06/15/2010
Volcker to Push Back on Banks' TradingWall Street Journal 02/13/2012
Tan Guocheng and Yuan Yandong- migrant workers on production lines in China and change in 2010-2013
06/13/2010
David Barboza's exceptional journalism talking to production workers on assembly lines in China. Here he tells the story of Tan Guocheng and Yuan Yandong, young migrant workers on assembly lines at Honda and Foxconn in the middle of major changes in China after the first wave of urbanization.
Linked Articles
In China, Unlikely Labor Leader Just Wanted a Middle-Class Life
New York Times 06/13/2010
A Night at the Electronics FactoryNew York Times 06/18/2010
Crisis Prevention Insights from the 2008 financial crisis to the BP oil spill and Fukushima- the role of "human failure"
06/11/2010
Linked Articles
The Oil Disaster Is About Human, Not System, Failure
Wall Street Journal 06/11/2010
Report blasts Japan’s preparation for, response to Fukushima disaster - The Washington PostWashington Post 07/06/2012
The rise in wages in China in 2011-2013
05/29/2010
Linked Articles
China's Wage Hikes Ripple Across Asia
Wall Street Journal 03/14/2012
Hon Hai to Raise Workers' PayWall Street Journal 05/29/2010
The European financial crisis of 2010 starting in Greece tests the social model of Euope.
05/14/2010
Officials see the need for more growth to support the social model and experts see the need for stronger action.
Linked Articles
Amid Europe's challenges, citizens face lifestyle shifts
Wall Street Journal 05/14/2010
Spain is simply shifting the problemWall Street Journal 05/14/2010
Pressure tests that should raise alarms were ignored by BP before the oil leak.
05/13/2010
BP and Transocean ignored the results of tests that showed something was wrong and a gaseous mixture was entering the well. This was hours before the explosion that destroyed the oil rig and created a massive oil leak in the Gulf of Mexico.
Linked Articles
Red Flags Were Ignored Aboard Doomed Rig
Wall Street Journal 05/13/2010
BP's Hayward Says Company Could Have Done More Disaster PreparationWall Street Journal 05/13/2010
BP has a history of problems with quality systems and safety.
05/01/2010
Linked Articles
BP's Hayward Says Company Could Have Done More Disaster Preparation
Wall Street Journal 05/13/2010
Drilling Down: A Troubled Legacy in OilWall Street Journal 05/01/2010
The Project on Government Oversight Report in 2013 and the revolving door at the S.E.C. in the U.S.
04/24/2010
Robert Khuzami was enforcement chief at the U.S. Securities and Exchange Commission in the critical period following the 2008 financial crisis. He was also a lawyer at Deutsche Bank during the period when the problems at Deutsche Bank happened which resulted in legal settlements. The revolving door has affected the way the S.E.C. carried out its enforcement responsibilities.
Linked Articles
S.E.C.'s Revolving Door Hurts Its Effectiveness
New York Times 02/11/2013
SEC's Top Cop Oversaw Deutsche CDOsWall Street Journal 04/24/2010
Greece and EU in 2015 - (5) What went wrong? What errors were made by Greece 2003-2009?
03/03/2010
Linked Articles
Europeâs Two Years of Denials Trapped Greece
New York Times 11/05/2011
Europe's Original SinWall Street Journal 03/03/2010
The inaction at GM 2009-2013 for the defective ignition switch recall and the inaction at Toyota for unintended acceleration recall
02/10/2010
GM's management lost track of quality issues that were buried at lower levels during the bankruptcy period. Toyota's management in the U.S. referred the NHTSA to quality managers in Japan who did not make the necessary effort to look into and address the problem. This shows that quality is not just a technical issue for the engineers and requires management atention at the highest levels, direct reporting to top managers. It also shows that quality problems never go away, will always be present, no matter how good you think you get. Small mistakes can be very costly as BP, TEPCO in the Fukushima nuclear disaster, Toyota, have shown in the recent past.
Linked Articles
General Motors Misled Grieving Families on a Lethal Flaw
New York Times 03/24/2014
Safety Agency Scrutinized as Toyota Recall GrowsNew York Times 02/10/2010
P&G (Procter & Gamble)- striking the right balance between the large markets in N. America and Europe, and the fast growing emerging markets
12/12/2009
P&G's price increases in N. American markets and erosion of market share lead to criticism of its neglect of the core home market. In the decade long effort to grow build a strong presence in emerging markets, management's attention has been focussed outside the U.S.
Linked Articles
Wall Street Journal 05/24/2012
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
Procter and Gamble (P&G) takes early success at low price points in Mexico to other emerging markets Brazil and China- 2009-2014
12/12/2009
Linked Articles
P&G Sales Rise on Strong Demand in Emerging Markets
Wall Street Journal 01/27/2014
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
Why the Obama health care law gets an "F" grade from the Dean of Harvard Medical School
11/18/2009
The failure to replace the "fee-for-service" system in favor of capitated payments is cited as one of the main reasons. The other reasons are it does not resolve the issues of introducing competition in quality of care and cost, and continues the practices that disguise the true cost of care with a highly fragmented system of care. In a op-ed, Jeffrey Flier, Dean of the Harvard Medical School, gives a detailed account for the reason for his grading. A poorly drafted or incomplete law says Flier can make things worse, citing the example of the health care law in Massachusetts which is driving up costs, as it does not change the old dysfunctional system's key features such as "fee-for service," and instead tries to build a new system on broken foundations. Pearlstein in the Washington Post says the Obama health care law has addressed the "fee-for-service" problem, but this is really not the case, and Flier's reasoning may be the clue to the deeper problem for the Obama health care law.
Linked Articles
Steven Pearlstein: Eat your broccoli, Justice Scalia - The Washington Post
Washington Post 04/01/2012
Health 'Debate' Deserves a Failing GradeWall Street Journal 11/18/2009
BP's failure in the Gulf Oil Spill and the Justice Department settlement in Nov. 2012
06/15/2010
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
Crisis Prevention Insights from the 2008 financial crisis to the BP oil spill and Fukushima- Chinese walls that don't work and underestimation of risk
06/11/2010
Linked Articles
Chinese Walls, Pocked With Peepholes
New York Times 06/11/2010
Recipes for Ruin, in the Gulf or on Wall StreetNew York Times 06/11/2010
How America's need for low wage manufactured products is colliding with worker demands inside China.
06/03/2010
The beginnings of a Chinese workers movement for higher wages and better working conditions that has support within the universities, state run media and the government. The government sees the need to build up domestic consumption as austerity measures in western countries threaten the sustainability of the old export model; and sees higher worker wages make sense in this context.
Linked Articles
The Rise of a Chinese Worker's Movement
BusinessWeek 06/10/2010
Why Apple and Others Are Nervous About FoxconnBusinessWeek 06/03/2010
Apple products at manufacturing plants in China and at retail stores in the U.S.- low worker pay and lack of future prospects
05/29/2010
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
El-Erian's sees further problems from Europe and the overleveraged investor in the USA.
05/14/2010
Shiker and El-Erian's views on the risks to gorwth.
Linked Articles
Wall Street Journal 05/22/2010
Fear of a Double Dip Could Cause OneNew York Times 05/14/2010
The maintenance failure for the safety valve and the switch controlling it in the BP explosion.
05/13/2010
A dead battery in asuper-critical switch and hydraulics leaks that made inoperative a crucial safety valve that was the last barrier between safety and an explosion in the waters of the Gulf of Mexico led to the accident on the BP oil rig.
Linked Articles
Safety Valves Had a Dead Battery, Investigators Find
Wall Street Journal 05/13/2010
BP's Hayward Says Company Could Have Done More Disaster PreparationWall Street Journal 05/13/2010
Failures at BP and a White House approach too dependent on BP for controlling the Oil Spill.
05/01/2010
A long history of failures at BP and the slow indecisive action of the Obama administration.
Linked Articles
In Gulf, It Was Unclear Who Was in Charge of Rig
New York Times 06/05/2010
Drilling Down: A Troubled Legacy in OilWall Street Journal 05/01/2010
George Papandreou's quiet demeanor, decisive steps for Greece in 2010
03/11/2010
George Papandreou, Greece's prime minister has provided quiet but strong leadership in the Greece crisis; even though action needed is the gradual unwinding of the welfare state that his father setup.
Linked Articles
George Papandreou Finds Balm for Greece Deficit
New York Times 06/15/2010
The Papandreou OffensiveBusinessWeek 03/11/2010
Cost cutting and cost reduction strategies at Toyota and BP that misfired.
02/22/2010
It costs about $6 millon a day for BP to fix the oil spill in the Gulf of Mexico in May 2010. It cost Toyota much more to make the larger recall and in lost sales and the damage to its image than the $100 million estimated saving by efforts to limit the recall.
Linked Articles
Drilling Down: A Troubled Legacy in Oil
Wall Street Journal 05/01/2010
Toyota Cited $100 Million Savings After Limiting RecallNew York Times 02/22/2010
John Taylor's reply to U.S. Fed chairman Bernanke's defence of his role in setting low interest rates in 2003-2006 leading to the 2008 global financial crisis
01/04/2010
Linked Articles
The Fed and the Crisis: A Reply to Ben Bernanke
Wall Street Journal 01/10/2010
Fed chief Bernanke urges better financial regulation to prevent crisesWashington Post 01/04/2010
Danone and P&G's (Procter & Gamble) innovative strategies for reaching low income customers in emerging markets.
12/12/2009
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
Debt woes and how they affect the upturn in Europe.
12/09/2009
Countries like Spain and Greece and how the debt woes affect their economic growth.
Linked Articles
Spain's Debt Woes Echo Europe's Uneven Rebound
Wall Street Journal 12/10/2009
Countries' Debt Woes Pose Risk to UpturnWall Street Journal 12/09/2009
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