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East Gemany's struggle to find its own identity after young people leave and a sense of nostalgia for the economic security under the GDR
11/14/2019
By 2019 East Germany's search for identity is in full swing as it struggles with a nostalgia for the past before integration with west Germany, and following a departure of young people going west that leaves behind a rapidly aging society with less economic security. The promise of integration appears to be failed when seen as culture and identity, economic security.
Linked Articles
Germans still don’t agree on what reunification meant
The Economist 11/02/2019
Misrule in East Germany ‘triggered rise of the AfD’11/05/2019
Carlos Ghosn and Nissan discontent in Japan- the failing Renault-Nissan alliance
12/18/2018
Renault-Nissan's failure to invest in Japan and the lack of interest in Nissan under Ghosn added to worries in Japan about the compensation of Ghosn being larger than all nine top executives of Nissan combined. A deep sense of affront was felt in Japan as one executive put it -"where is the transparency and where is the frugality." This special report by WSJ shows how the ego based executive which is not typical of Japan failed Nissan. It also shows why this type of management is not healthy for companies or the employees and all stakeholders. Its hard driving nature with unhealthy lifestyles is also becoming unpopular today.
Linked Articles
The Fall of the House of Ghosn
WSJ 12/16/2018
Ghosn’s U.S. Push Irked Nissan ExecutivesWSJ 12/18/2018
Robert Lighthizer, U.S. Trade Representative and the effort to renegotiate NAFTA, ensure a level playing field in international trade
05/19/2017
In a 2010 article Lighthizer described the disadvantages for the U.S. in existing trade practices, especially with China. We covered Lighthizer at that time. In 2017 Lighthizer takes up the arduous task of renegotiating NAFTA, and ensuring a level playing field in U.S. trade relations with Germany, China, Japan, and other countries.
Linked Articles
New York Times 11/12/2010
Trump Sends Nafta Renegotiation Notice to CongressThe New York Times 05/18/2017
Sharp contrast between the Trump and Clinton economic plans- Trump's negative in the long run, Clinton's positive in the long run
10/18/2016
Economic experts look at the Trump and Clinton economic plans, Trump's based on extreme borrowing and Clinton's careful about deficits. Trump's plan aggravates the wide disparities in income in America after the tech booms and Clinton's reduces these disparities. Clinton's preserves global trading system while addressing the problems, Trump's moves in the direction of protectionism and high tariffs with potential unintended consequences for the global economy.
Linked Articles
Donald Trump’s Economic Plan, Up Close, Doesn’t Add Up
WSJ 10/18/2016
Donald Trump’s Tax Plan Would Boost Economy in Short Run but Not Long Term, Analysis FindsWSJ 10/17/2016
The dangers in the Trump position of high tariffs for the U.S. and global economy- instead of higher growth consensus of estimates point to U.S. and global recession and layoffs
03/25/2016
Linked Articles
Five myths about trade - The Washington Post
Washington Post 04/10/2016
How Trump’s Hard Line on Trade Could BackfireWall Street Journal 03/25/2016
The damage done at Yahoo with failed acquisitions, flawed news strategy investments, followed by costcutting that led to low morale and departure of mobile engineer talent
01/10/2016
A series of bad moves by CEO Marissa Mayer leads to costcutting, layoffs and departure of mobile engineers to rivals Facebook and Google, depriving Yahoo of talent in the mobile business. The internet business is now up for sale with Verizon, Britain's Daily Mail bidding for it, and investor Starboard Value hedge fund pushing for the sale.
Linked Articles
Yahoo’s got millions of users, but it’s still in decline. What went wrong? - The Washington Post
Washington Post 04/20/2016
Yahoo’s Brain Drain Shows a Loss of Faith Inside the CompanyNew York Times 01/10/2016
2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.
09/09/2015
The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.
Linked Articles
Wall Street Journal 09/10/2015
Jeb Bush Tax Plan Makes Forays Into PopulismNew York Times 09/09/2015
China's efforts to transition to a new model for development in 2016-2017, based on consumers and not on heavy state spending
08/25/2015
Xi-Jinping and Li Keqiang face a challenge and choices not unlike the one facing Deng Xiaoping in the 1980's- now the challenge is how to move China beyond the middle income status it has achieved with all its accompanying problems of environmental destruction, corruption and aging population.
Linked Articles
Economist 01/23/2016
Political Risks May Foil Economic Reform in ChinaNew York Times 08/25/2015
China takes a different approach to stock market declines on August 24-25, 2015, after the failed intervention in the stock market in July 2015
07/08/2015
Linked Articles
U.S. stocks rebound after punishing day, but China’s market slides again - The Washington Post
Washington Post 08/25/2015
The Man Tasked With Stopping China’s Stock SelloffWall Street Journal 07/08/2015
The women's vote in 2016 U.S. presidential election and the antiincumbency mood of 2016- risks for Clinton running a cautious campaign and big risks for Trump
06/11/2015
Hillary Clinton needs a vigorous campaign away from the cautious instincts of the early days of her campaign, as Trump seeks to deflect criticism by attacking Hillary Clinton, say experts. The risks are high for Trump if the effort backfires alienating the vast majority of women, including Sanders supporters, independents and traditional Republican moderates. This is one of the wild twists of the campoaign of 2016- a candidate apparently making sexist comments to attract the support of white women voter- and men.
Linked Articles
Hillary Needs More Than the Obama Coalition
Wall Street Journal 06/11/2015
Donald Trump’s Gender-Based Attacks on Hillary Clinton Have Calculated RiskNew York Times 04/28/2016
The Obama administration's efforts on the Trans Pacific Partnership (TPP), after losing allies in Asia and Europe to the Asian Infrastructure Investment Bank
04/17/2015
The Obama administration pushes a free trade pact that includes the U.S., Canada, Mexico, Peru, Chile, Australia, New Zealand, Japan, Malaysia, Singapore and Vietnam. This free trade pact is now seen as a U.S. effort to counter China in the Asian region. India, UK, Germany, France, Italy and other European countries decided to join the Asian Infrastructure Investment Bank sponsored by China, on its merits, after the U.S. refused to join.
Linked Articles
TPP: Momentum on Trade Deal Bolsters U.S., Japan Efforts to Counter China
Wall Street Journal 04/17/2015
Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic DiscordWall Street Journal 04/17/2015
What Greece won in the negotiations and what Greece lost in the failure of talks with the EU, capital controls, closing of banks and the referendum on July 5, 2015
02/27/2015
Major concessions were won by Greece on the most important issues of the surplus, and the size of the public sector with high unemployment. Compromise was being reached on the value added taxes and age for getting pensions, next down the list. Next on the list were pension cuts which undoubtedly would hurt pensioners but in the larger picture of the economy would come after the size of the surplus and dateline, and the size of public sector. The size of these cuts is small compared to the cost of 60 billion euros from the damage done to the economy, and the alternatives for pensioners and the rest of the country. under bank closure. For the EU this was seen as part of pension reforms and for left leaning Syriza compromising on behalf of pensioners.
Linked Articles
IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal 07/03/2015
What Greece WonNew York Times 02/27/2015
The challenges facing K-12 education in the U.S. in 2015 with a larger proportion of children from less affluent and poor backgrounds, and two thirds of American children failing math and reading proficiency required levels in 8th grade for 2015
01/17/2015
With a majority of children in California, Texas, and some midwestern states in the U.S. from less affluent or poor backgrounds, and about two thirds of all American students failiing to meet required proficiency in math and reading at 8th grade, the educational challenge of of creating a well qualified work force to build America's future is daunting. Eight years of policy changes in education and private efforts have failed to produce adequate results.
Linked Articles
U.S. student performance slips on national test - The Washington Post
Washington Post 10/28/2015
Majority of U.S. public school students are in poverty - The Washington PostWashington Post 01/17/2015
Ashwini Bhide and the Mumbai Metro- getting infrastructure done in India on time
10/05/2019
The desperate need for good infrastructure and millions of people in Mumbai who have put up for too long with creaky infrastructure. The Mumbai Metro led by Ashwini Bhide is a path breaking effort to speed things up, as the WSJ points out. As before petitions and other methods are used to stall projects. This time the courts not only dismissed the petition about cutting trees in Aarey Colony, north Mumbai, but also fined the petitioners Rs 50,000 for filing a frivolous petition. Trees are important, as few trees as possible are being cut for the new Metro, and new trees are being planted to replace them.
Linked Articles
WSJ 05/08/2023
‘Activists should accept defeat honourably’: Mumbai Metro MD on Aarey rowHindustan Times 10/05/2019
China's credit ratings downgrade for rising debt in 2017 and the echoes of Japan in the 1980's
05/25/2017
Linked Articles
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
In Downgraded China, Echoes of Japan’s Boom and BustWSJ 05/24/2017
Shinzo Abe and Japan's personal approach to diplomacy with the Trump administration
02/10/2017
Linked Articles
To Bond With Trump, Japan’s Abe Takes a Swing at Fairway Diplomacy
WSJ 02/10/2017
Trump targeted Japan during the campaign. Now its prime minister is embracing the new president.Washington Post 02/10/2017
Goldman Sachs and U.S. regulators in 2015-2017- cutting risks in trading activity and private equity/hedge fund investments following the excessive leveraging of the 2008 financial crisis
08/04/2016
Stronger regulation takes shape through the efforts of Daniel Tarullo at the Federal Reserve and the LISSC. The situation with Goldman Sachs, one of the highly leveraged banks during the 2008 financial crisis still hoping to earn high profits with large trading activities.
Linked Articles
At Goldman Sachs, Stress Test Results Could Endanger an Important Profit Source
New York Times 03/08/2015
Goldman Sachs Not Sure It Can Sell Private-Equity StakesWSJ 08/04/2016
Trump's solution for creating jobs- an illusion?
03/23/2016
With no tangible solutions for creating jobs, and a policy of high tariffs that could create trade wars and destabilize the global economy hurting growth worldwide, jobs lost in the last decade mostly not coming back, questions raised about how this will improve the prospects for jobs, upward mobility for middle class, working class people.
Linked Articles
Wall Street Journal 03/24/2016
A transcript of Donald Trump’s meeting with The Washington Post editorial board - The Washington PostWashington Post 03/23/2016
The failed turnaround at Yahoo as it looks for a buyer in 2016
12/03/2015
Linked Articles
Yahoo: Be Careful Playing in Traffic
Wall Street Journal 12/07/2015
This is the one thing that could end Yahoo as we know it - The Washington PostWashington Post 12/03/2015
The failure of the U.S., UK, Canada and Australia to take in refugees from war torn Syria and other parts of North Africa- 1500 for U.S. , 166 for UK, 800,000 for Germany
09/04/2015
Ignatieff of the Kennedy School and Kristof of the NYT say the inaction of Obama, Cameron, Harper and Abbott, is deplorable considering the gap between the 800,000 Merkel and the German people have openly welcomed and the 1500 the U.S. has accepted, and 166 the UK has taken in. There is hardly any mention of the issue by the leaders of the U.S. and Canada in September 2015, even as the global media has covered this daily. In Hungary the Orban government faile to remember the Hungarian uprising of 1956 and the violent crackdown by the Soviets, leading to a wave of refugees reaching other parts of Europe and the U.S.
Linked Articles
New York Times 09/04/2015
The Refugee Crisis Isn’t a ‘European Problem’New York Times 09/05/2015
The huge contrast between Chancellor Merkel's approach and the approach of Obama and Cameron to the Syrian refugee crisis
08/20/2015
The German chancellor will be remembered in history for the way she handled the Syrian refugee crisis in 2015, and for the courage to say, "if Europe fails on the question of refugees, its close connection with universal civil rights will be destroyed." Reports in the Guardian newspaper say Germany is likely to accept about 1 million refugees in 2015. Chancellor Merkel says about 800,000 refugees will be admitted in 2015. Contrast this with the UK reports the Guardian which has 166 refugees admitted to the UK, and reports in the WSJ that about 1500 refugees have been admitted to the U.S.. Merkel has taken on the challenge in a spirited way as Europe faces anti-immigrant sentiment and rallied German society in a way that is remarkable. The withdrawal of the Obama administration from the Middle East led to the collapse of the fragile situation in Libya, Iraq and Syria, and the unravelling of these countries, leading to the current refugee crisis with about half of the Syrian population dislocated and large parts of the population of Libya, Iraq, and Kurdish regions dislocated.
Linked Articles
U.S. Pressed to Take More Syrian Refugees
Wall Street Journal 09/05/2015
Why some German universities will educate refugees for free - The Washington PostWashington Post 08/20/2015
Errors made by the IMF, Syriza Tsipras far left government, leading to the third bailout program of 2015 for Greece
07/06/2015
Just when the first signs of growth in the economy were taking place in 2014 the IMF held back on a 7.2 billion euro payment to Greece which would have increased liquidity to the private sector for growth. The IMF hope to gain leverage with a future Syriza far left government. The first half of 2015 led to economic anxiety in Greece with a failed negotiating strategy of Syriza far left government focussing only on the debt and not on the economy. The damage led to about 85 billion in addtional financing needed following the closing of Greece's banking system in July 2015.
Linked Articles
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
How to Undo the Damage in GreeceNew York Times 07/06/2015
Hard realities- what a Greek exit from the eurozone in 2015 could do for Greece and for the European Union
04/29/2015
The Economist says Greece could end up becoming a failed state at the doorstep of the European Union. With the major parties losing support extreme parties on the right and left would increase support. The economy of Greece would suffer serious damage. As prices have declined by 16% with no surge in exports, a devaluation of the drachma would not be of much help. Argentina went through a period of severe hardship following the default on the currency. Greece, says the Economist, may be engaging in a strategy to extract concessions from the EU by waiting till the last minute. Yet this strategy has its drawbacks because of the damage to Greece's economy in the process, with the slight growth under the Samaras administration turning into a recession with the 6 months of the Syriza government in 2015.
Linked Articles
What Greece Faces if It Defaults
New York Times 04/29/2015
My big fat Greek divorceEconomist 06/20/2015
Japan's fighter pilot Harada's message of "never to forget," the new generation of leaders, and a public unaware of the horrors of war
04/03/2015
Harada and Noonan describe the problem today of a generation of leaders and public that were born following the Second World War, who have no knowledge of the horrors and the pain of that war. He has tried to keep the memory of that conflict and the nuclear bombing of Hiroshima, by teaching Japanese children in a kindergarden so that a new generation does not forget.
Linked Articles
Retired Japanese Fighter Pilot Sees an Old Danger on the Horizon
New York Times 04/03/2015
Misplaying America’s Hand With IranWall Street Journal 04/04/2015
Questions about Tesla Motors high valuation in 2015
02/13/2015
Linked Articles
Tesla: The Road to Riches Is Littered With Potholes
Wall Street Journal 02/13/2015
The Tesla ParadoxWall Street Journal 02/13/2015
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