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A history of cost cutting and poor maintenance and quality practices.
Grouped Articles
As CEO Hayward Remade BP, Safety, Cost Drives Clashed
Wall Street Journal 06/29/2010
At BP, a History of Boldness and Costly Blunders
New York Times 07/12/2010
Unanswered Questions on the Spill
New York Times 05/01/2010
Drilling Down: A Troubled Legacy in Oil
Wall Street Journal 05/01/2010
Safety Valves Had a Dead Battery, Investigators Find
Wall Street Journal 05/13/2010
Another Torrent BP Works to Stem: Its C.E.O.
New York Times 06/03/2010
Gordon sees a weakening in growth from the 3.24% growth in 1st quarter 2010 (BEA numbers) as exports are not holding up and state and local government spending is deteriorating rapidly. The inventory change numbers which were signifcant this quarter as businesses replaced equipment and IT, will be winding down in size.
Grouped Articles
At Least 50 of Cityâs Senior Centers Expected to Close to Save Money
New York Times 04/30/2010
Business Spending Propels Recovery
Wall Street Journal 05/01/2010
Guest Contribution: Gordon Outlines Pessimist, Optimist Takes on GDP
Wall Street Journal 04/30/2010
Economists React: GDP Indicates Road Ahead Still Bumpy
Wall Street Journal 04/30/2010
Real Disposable Income: Bad News for Democrats?
BusinessWeek 06/03/2010
Wall Street Journal 06/12/2010
Grouped Articles
Instacart’s Bet on Online Grocery Shopping
New York Times 04/29/2015
In France, a Drive-Up Grocery Takes Off
Wall Street Journal 01/14/2010
The Economist looks at the near term trends- unemployment not down as much in Britain in August and consumer spending holding up in Britain- as evidence a recovery is looming. And it cites the Suppy Managment Index up slightly in the US. Most other experts see a difficult situation in 2011 as the stimulus fades and local governments cut back- economists such as Stiglitz, Shiller, Krugman, Feldstein and others, and businessmen like Malone.
Grouped Articles
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
Wall Street Journal 04/26/2015
The world economy: The odd decouple
Economist 09/04/2010
The U.S. Economy: Stuck in Neutral
BusinessWeek 10/14/2010
BusinessWeek 10/14/2010
America's economy: Not by monetary policy alone
Economist 10/28/2010
Farzad of BW says economic fundamentals don't justify the rally so it could fizzle out at any time in 2010 or 2011.
Grouped Articles
Number of the Week: Volatile August for Stocks
Wall Street Journal 09/03/2011
Wall Street's Clearance Sale Leaves Few Bargains
Wall Street Journal 06/06/2009
Behind the Great Stock Rally of 2009
BusinessWeek 11/24/2009
Beware the Crisis around the corner
Financial Times 01/04/2010
New York Times 01/04/2010
U.S. Data Offer an Uncertain Compass
Wall Street Journal 01/04/2010
It can happen to GM and Chrysler, and a near miss for Ford and Morgan Stanley. Goldman Sachs is only pretending that it did not have a near miss after Lehman's collapse. The same can happen to an architectural firm Yamasaki as corporate real estate market collapses in 2009. The volatility and nervousness in financial markets in 2008 that shut companies out of credit markets and led to the government led auto industry bailout with planned bankruptcy filings.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Morgan Stanley Memo by John Mack
Wall Street Journal 10/14/2008
Anatomy of the Morgan Stanley Panic
Wall Street Journal 11/24/2008
Wall Street Journal 03/14/2009
Morgan Stanley Comes Up Golden
Wall Street Journal 07/22/2011
Failures to address problems on the housing front, especialy the problems for 15 million homeowners under water- see the links to opeds by Feldstein suggesting focus on these issues throughout 2008-2009. And the focus on health care which diverted attention from this problem and the problem facing bad loans in commercial real estate. Other problems are failure to get bank lending up for businesses. And the failure of Obama health care plans to control the increase in the nation's surging health care spending, instead increasing the deficit to unsustainable levels. Public sentiment as shown in WSJ/NBC polls confirm Feldstein's sense of the situation.
Grouped Articles
New York Times 12/08/2013
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
Wall Street Journal 09/12/2007
How to Stop the Mortgage Crisis
Wall Street Journal 03/07/2008
Wall Street Journal 02/20/2008
Enough With the Interest Rate Cuts
Wall Street Journal 04/15/2008
Grouped Articles
Drilling Down: A Troubled Legacy in Oil
Wall Street Journal 05/01/10
BP's Hayward Says Company Could Have Done More Disaster Preparation
Wall Street Journal 05/13/10
At BP, a History of Boldness and Costly Blunders
New York Times 07/12/10
As CEO Hayward Remade BP, Safety, Cost Drives Clashed
Wall Street Journal 06/29/10
Costs to BP. Origins of the problem. Public opinion in the USA.
Grouped Articles
At BP, There’s Optimism in the Corner Office
New York Times 01/24/14
Oil Rigs’ Biggest Risk: Human Error
Wall Street Journal 04/20/15
BP Faces Up to $13.7 Billion in Fines in Deepwater Gulf Spill Case
Wall Street Journal 07/03/15
Oil Spillâs Blow to BPâs Image May Eclipse Costs
New York Times 04/29/10
Officials Assail Oil Company Over Response to Gulf Spill
New York Times 04/30/10
Wall Street Journal 05/01/10
Grouped Articles
Instacart’s Bet on Online Grocery Shopping
New York Times 04/29/15
In France, a Drive-Up Grocery Takes Off
Wall Street Journal 01/14/10
Grocers Feel Chill From Millennials
WSJ 10/27/16
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/13
Wall Street Journal 12/31/13
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/10
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/14
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/14
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/15
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/11
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/13
New York Times 06/22/13
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/11
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/13
The Great Stagnation in American Education
New York Times 09/07/13
The difficult choices in the new environment- transition to a new leadership, how to change the export model without serious disruptions, how to deal with western demands for balanced global growth, dealing with the inequality and corruption generated in the kind of growth China experienced (by the fiat of the State), opening up freedom of expression to curb corruption and to provide representation for hitherto blocked out voices, transition to freedom of expression and democratic processes without serious disruption to thegrowth needed for employment and improvements in the standard of living across all parts of society and regions, reducing or channelling to constructive ends prevailing nationalistic, anti-western or anti-Japanese sentiment. The new leadership of Xi Jinping and Li Keqiang is expected to be more outward looking than than of Hu Jintao and Wen Biao and comes at atime when China needs to make some difficult choices about future direction.
Grouped Articles
Wall Street Journal 07/01/13
The Slowing of Two Economic Giants
New York Times 07/14/13
Wall Street Journal 07/15/13
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/13
Chinaâs Economy, Back on Track
New York Times 10/04/13
Xia Yeliang: The China Americans Don't See
Wall Street Journal 10/26/13
Research by WSJ following the BP oil drilling disaster.
Grouped Articles
An Oil-Thirsty America Barreled Into 'Dead Sea'
Wall Street Journal 10/09/10
Wall Street Journal 02/10/11
Wall Street Journal 04/16/11
Exxon Find Rekindles Domestic Oil Hunt
Wall Street Journal 06/09/11
Oil Rigs Stage Exodus From Gulf of Mexico
Wall Street Journal 07/05/06
Oil Drillers to Feel Pinch From Crude Fall
Wall Street Journal 08/10/11
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