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A major miscalculation was totally misjudging Merkel and post-war German public opinion about policies that remind people about the period between the two World Wars- this is anathema to Germans who see the European Union as a way to build a new and different Europe. The other miscalculation was on how a foreign adventurous policy in Syria would affect Sunni world opinion, in particular Saudi Arabia. Just as Brezhnev took Russia into Afghanistan where Russia had no vital interest leading to eventual Soviet collapse, Putin risked alienating a key member in OPEC pricing moves and hurting Russia's economic interest. By not listening to Kudrin, the head of Sberbank, and other economic advisers from the first and second terms of the Putin-Medvedev administrations, Putin opened the door to two years of serious missteps, risking the very real accomplishments of the first and second term of creating a stable growing Russian economy with close economic ties to Europe. The only positive outcome of the crisis and low oil prices would be making the shift away from oil dependence, which was talked about but never seriously attempted in the Putin administrations. For this to happen major new investments would have to be made and technology links to the outside strengthened, both hammered by the missteps in 2013-2014. The irony of all this is that Putin gained the support of rural Russians in the countryside in the 2012 presidential elections by promising no return to the economic crisis conditions following earlier ruble collapses. Now by ignoring Kudrin and other wiser counsel from the first and second administrations he does just that.
Linked Articles
Putin’s Year of Defiance and Miscalculation
Wall Street Journal 12/18/2014
Russian President Vladimir Putin Seeks to Reassure on EconomyWall Street Journal 12/18/2014
Linked Articles
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Refining Saudi Arabia’s Oil StrategyWall Street Journal 11/03/2014
Linked Articles
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
The Oil Price Swoon Won’t Stop the Shale BoomWall Street Journal 10/23/2014
The central bank head, Nabiullina, the Economy minister, Ulyukayev, and the head of Russia's largest bank Sberbank, German Gref, all expressed skepticism about president Putin's confidence in economic policy at a banking conference in Moscow in Oct. 2014. The architect of Russia's finances in the first and second terms of Putin, Alexei Kudrin, expressed alarm in Nov.-Dec. 2014 about lack of confidence in economic measures as the ruble took a hit from lower oil prices. The Putin administration made errors in handling economic policy leading to the ruble going to the brink of collapse by Dec. 17, 2014. This was preceded by miscalculations in policy towards the European Union and Germany leading to a loss of international confidence, and deteriorating relations with OPEC's leading member Saudi Arabia leading to OPEC's production decisions hurting Russia.
Linked Articles
Russia Introduces Measures to Calm Economic Jitters
New York Times 12/17/2014
Putin Trumpets Economic Strength, but Advisers Seem Less CertainNew York Times 10/02/2014
Linked Articles
As Cereal Slips, a New Battle Over Breakfast Dollars
Wall Street Journal 07/22/2014
U.S. Orange-Juice Sales Fall to Record LowWall Street Journal 07/22/2014
More mammograms are done the more cancer is suspected, with many women being treated when there was no cancer. Some lives are saved but the large number of women who begin treatment when they have no cancer shows the technology is still not there for effective screening without arousing fears that are not founded. Both studies confirm this from decades of data of women taking mammograms.
Linked Articles
More Doubts About Mammograms' Value Are Raised in Large Study
Wall Street Journal 04/02/2014
Study Adds New Doubts About Value of MammogramsNew York Times 02/11/2014
Shrinking margins for Samsung with intense competition from Huawei and Lenovo in lower priced smartphones and large price reductions by Motorola Mobility on its Moto G smartphone. In the television segment Vizio and lower priced Chinese competitors are reducing margins.
Linked Articles
Investors Stay Sour on Samsung, Slicing $8 Billion From Market Capitalization
Wall Street Journal 01/02/2014
Google Squeezes Margins on Moto G PhoneWall Street Journal 12/07/2013
Declan Walsh sees this in the context of the Muslim world. Janvoo sees this in the context of the world beyond, of Aisa and Latin America which have moved beyond the divisive politics of the past and away from military regimes- S. Korea, Thailand, Argentina, Brazil, Chile, and one party PRI Mexico. The return of Gen. Park's daughter as president of S. Korea was a different one when she apologized for the behaviour of her father, even saying she coud not spit on the image of her father. Nieto's PRI is apologetic about its past and says its different, working with the opposition PRD and PAN parties on constitutional changes for reforming the econoy. Egypt and the Arab world is no exception. The Saudis and Emirates are able to deliver in economic terms as long as oil supplies and prices are high. Egypt has to find its own path and learn from the past to build the future.
Linked Articles
Other Nations Offer a Lesson to Egyptâs Military Leaders
New York Times 08/24/2013
Democracy in Egypt Can WaitNew York Times 08/16/2013
Linked Articles
Norway Will Divest From Coal in Push Against Climate Change
New York Times 06/05/2015
Air Pollution From Coal Use Cuts Lifespans in China, Study ShowsWall Street Journal 07/09/2013
Linked Articles
Google Squeezes Margins on Moto G Phone
Wall Street Journal 12/07/2013
Inside Samsung Phone: Samsung PartsWall Street Journal 05/08/2013
Linked Articles
Administration's Tough Talk Belies Cautious Approach on Antitrust
Wall Street Journal 01/04/2013
Inside the U.S. Antitrust Probe of GoogleWall Street Journal 03/20/2015
Linked Articles
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
Detroit's Unsold Cars Pile UpWall Street Journal 12/05/2012
The voter turnout among evangelical Chrisitians could be a factor in the 2012 U.S. presidential election similiar to that in 2004. Both Romney and George W. Bush gaining this vote.
Linked Articles
Henninger: Romney's Secret Voting Bloc
Wall Street Journal 10/31/2012
Rove: Sifting the Numbers for a WinnerWall Street Journal 10/31/2012
Linked Articles
Saudi Arabia Sees Oil Prices Stabilizing Around $60 a Barrel
Wall Street Journal 12/04/2014
Free Fall in Oil Price Underscores Shift Away From OPECNew York Times 11/28/2014
Linked Articles
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
The Oil Price Swoon Won’t Stop the Shale BoomWall Street Journal 10/23/2014
Studies by the Federal Reserve Bank of New York are cited by authors of the op-ed in WSJ, showing 56% of student loans are being repaid to the government.
Linked Articles
Student-Loan Debt: A Federal Toxic Asset
Wall Street Journal 10/17/2014
Student Loan Debt and Counting Liabilities as AssetsWall Street Journal 10/17/2014
Lagarde says in an intervew in the Washington Post, that she believes women come into leadership at large organizations when the job is tough, requiring everything you can give.
Linked Articles
Christine Lagarde: ‘Don’t let the bastards get you’ - The Washington Post
Washington Post 08/25/2014
Behind Ginni Rometty’s Plan to Reboot IBMWall Street Journal 04/21/2015
Linked Articles
In Dubai, Fast Food Is Big Draw at the Mall
Wall Street Journal 02/11/2014
Diabetes Epidemic Hits Persian Gulf RegionWall Street Journal 02/11/2014
Ford Motor's early push into SUV's in China is helping it catchup with GM and Toyota.
Linked Articles
Renault to Focus on Building SUVs in China
Wall Street Journal 12/16/2013
Ford's SUVs Propel Its China GainsWall Street Journal 04/08/2014
Linked Articles
As the Middle East Burns, the Saudis Ease Up at Home
Wall Street Journal 06/25/2014
Behind the Saudi-U.S. BreakupWall Street Journal 10/25/2013
Yellen is expected to look beyond the unemployment rate target of 6.5% set by Bernanke in Dec. 2012, and give emphasis to the long term unemployed. Bernanke also mention the under employment rate as an additional factor to consider.
Linked Articles
Don’t Expect Job Data Alone to Persuade Fed on Rates
New York Times 01/23/2014
Bernanke Plays Down Link Between Jobless Rate, Fed MovesWall Street Journal 07/18/2013
Linked Articles
Investors Stay Sour on Samsung, Slicing $8 Billion From Market Capitalization
Wall Street Journal 01/02/2014
Huawei Set to Launch New SmartphoneWall Street Journal 06/18/2013
Can Greece live up to its euro currency responsibilities, is the question raised inside the eurozone, as Greece renews its commitment to reforms to build a modern economy. A look back at politicians who emphasized euro currency responsibilities and the candid remarks by Tsipras in an intervew with Bret Stephens of the WSJ.
Linked Articles
The Politicians Who Warned Greece—but Were Ignored
Wall Street Journal 07/11/2015
Stephens: The Conscience of a RadicalWall Street Journal 01/28/2013
A pragmatic activist focus in economic thinking shaped at the MIT economics department in Cambridge, Masachusetts. The ECB's Mario Draghi, Bank of England's Mervyn King, and Bernanke shaped their thinking at MIT. Draghi and Bernanke had the same PhD. advisor- Stanley Fischer. Factors calling for a pragmatic approach include the lack of political agreement on th deficit, the housing and foreclosure crisis effects, higher inequality and unemployment effects on the middle class, the effects of the globalized economy on working class manufacturing jobs, people dropping out of the labor foce, and lower inflation, which called for a larger focus on unemployment. Bernanke emphasized the "enormous waste in human potential and productive resources of the economy" throughout 2009-2012. Draghi emphasized the abnormal nature of excessive borrowing interest rates for Italy and Spain during the ECB's bond buying efforts in 2011-2012. Both efforts had a stabilizing effect on the economies of the U.S. and Europe during a period of political discord about future policy.
Linked Articles
Wall Street Journal 12/13/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
The Feldstein, Romney proposals based on the ideas of the Simpson Bowles Commission of limiting tax deductions finds convergence with Obama economic advisor, Christina Romer's support for Simpson Bowles recommendations after the 2012 presidential elections.
Linked Articles
Democrats Like a Romney Idea to Cap Tax Deductions
New York Times 11/12/2012
Budget Showdown Offers an Opportunity for ProgressNew York Times 11/10/2012
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