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The new coaltiion governement of Liberals and Conservatives in Britain.
10/08/2009
A common program for the 2 parties to attack the U.K.'s budget deficit with spending cuts. A pragmatic sensible approach from Cameron and Clegg.
Linked Articles
Britain's accidental revolution
Economist 05/13/2010
That's more like itEconomist 10/08/2009
Health care cost increases as a critical part of the U.S. deficit problem and why it defies solution (1)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Four Deficit Myths and a Frightening FactWall Street Journal 01/19/2012
Peter Orszag and the struggle for a deficit-neutral health care plan (2)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Beneath Budget Battle, a Health-Spending JuggernautWall Street Journal 12/17/2012
The cost of production delays in cancellations and renegotated orders on the 787 Boeing Dreamliner program
06/29/2009
Linked Articles
Boeing Feels New Pressure to Placate Its 787 Buyers
Wall Street Journal 06/29/2009
Boeing 787 Profit Plan Strained by Order CutWall Street Journal 08/24/2012
The shortcomings of the regulatory reform proposal. Its dependence on having good regulators in place.
06/17/2009
Unltimately the behaviour of markets and regulators depends on the quality of the people. Obama's reluctance to change the entire structure.
Linked Articles
Obama’s Remarks on Financial Regulatory Reforms
Wall Street Journal 06/17/2009
Steven Pearlstein - Regulatory Reform That Falls Far Short of ItWashington Post 06/19/2009
The Congressional Budget Office's Elmendorf and Orszag on how the escalation in healthcare costs works havoc on the U.S. deficit (1)
06/17/2009
Linked Articles
Obama's Health Plan Needs Spending Controls, CBO Says
Washington Post 06/17/2009
Obama's Health Expert Gets PoliticalWall Street Journal 07/24/2009
The Economist cites IMF economist estimates that the public debt of the 10 largest industrialized countries will jump from 78% to 114% of GDP by 2014, leading to higher interest rates and inflation.
06/11/2009
The rising public debt and its unsustainability is what the future holds. For governments and decisionmakers there are very difficult choices, as fiscaly austerity and premature fiscal tightening or raising interest ratescan choke off a recovery. Raising taxes as happened earlier in Japan's lost decade also can choke off a recovery. Seriously tacklig health care costs and raising the retirement age, are much needed steps.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
The biggest bill in historyEconomist 06/11/2009
Peter Coy, Economics editor of Business Week, on the risks of inflation.
06/11/2009
Krugman responded to Laffer's oped in WSJ with an op-ed of his own in the NYT suggesting that Bernanke's Fed should stay the course. In this article Peter Coy, aveteran reporter and analyst of BW, looks at the situation and the facts. Demand is so weak in the economy, that the Fed's expansion of the money supply only helps make up for this and still falls short. The economy will be fragile for some time to come so reversing course is simply dangerous. In the video that goes with this he tells Mandel that Bernanke is right and should stay the course.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Why the Fed Isn't Igniting InflationBusinessWeek 06/18/2009
The dangers of high unemployment in the American economy.
06/06/2009
WIth job losses of 467,000 in June 2009, Krugman sees a joblosses hole of 8.5 million jobs since the last recession. The 3 1/2 million jobs the stimulus is supposed to create by 2010 end fade in comparison to the scale of job loss that is emerging. With declining earnings, there is the additional prospect of deflation.
Linked Articles
New York Times 07/03/2009
Stuck at Unemployed: When A Layoff Becomes a LifestyleWashington Post 06/06/2009
Manufacturing is aweak part of this recovery, making the debt more burdensome.
06/01/2009
Rising debt and weak bounce from manufacturing in a recovery.
Linked Articles
Rising Interest on Nations’ Debts May Sap World Growth
New York Times 06/04/2009
Once a Key to Recovery, Detroit Adds to PainNew York Times 06/01/2009
How the Americans and Western Europeans are coping with joblessness in 2009.
05/04/2009
The experience in the USA conpared to the experience in Germany and Spain. How social and family safety nets play a part in Europe in helping Spain cope with close to 20% unemployment and Germany with close to 10% unemployment. Role of immigrtants in Spain and the public sector in France in mitigating effects on older workers with steady jobs who remain only slightly affected.
Linked Articles
Spain Largely Avoids Unrest Even as Economy Slumps
Wall Street Journal 05/04/2009
U.S., Europe Are an Ocean Apart on Human Toll of JoblessnessWall Street Journal 05/07/2009
What the U.S. and other eurozone countries can learn from Germany in reducing unemployment (1)
04/30/2009
The Harz labor market reforms under the Schroeder administration helped Germany reduce unemployment after over a decade of high unemployment folowing reunification.
Linked Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Learning Labor Market Lessons from GermanyBusinessWeek 04/30/2009
The NYT editorial questions the wisdom of letting banks like JP Morgan and Goldman Sachs repay government money.
04/26/2009
The heavy lobbying by the banks may skew government decisionmaking, says the NYT, and lead to poor decisions. Banks still face losses in commercial real estate, and the higher unemployment and its effect on the economy could adversely affect their balance sheets.
Linked Articles
New York Times 04/26/2009
Payback TimeNew York Times 06/11/2009
The makeover of Aeroflot into a modern airline and global carrier- 2009-2016
07/29/2009
Linked Articles
At Aeroflot, It’s Patriotism Over Profits as Russia Pressures Industry
New York Times 11/12/2015
Aeroflot Sheds Its Soviet Legacy and Turns to a Western FleetNew York Times 07/29/2009
U.S. president Obama, lobbyists and the 2010 Obama health care law
07/24/2009
The political process and the influence of lobbyists on Congress and the White House constrains the development of laws that control healthcare costs. Higher health care costs means less money for infrastructure development, education, research and development funding, and other priorities which build a future for Americans.
Linked Articles
E-Mails Highlight Extent of Obama's Deal With Industry on Health Care
New York Times 06/08/2012
Obama's Health Expert Gets PoliticalWall Street Journal 07/24/2009
BP, Shell and other foreign oil companies expand production in Iraq in 2012-2014
07/01/2009
Ambitious goals for oil production are set by the Iraqi government as oil companies from the, U.S., Europe, Russia and China, provide the expertise to increase production from older oil fields. Problems of infrastructure and national oil legislation hinder rapid development.
Linked Articles
Crude Oil Output Is Soaring in Iraq, Easing Markets
New York Times 06/02/2012
Oil Companies Reject Iraq's Contract TermsWall Street Journal 07/01/2009
Peter Orszag and the struggle for a deficit neutral health care plan (1)
06/26/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Obama and Congress Clash on How to Pay for Health CareNew York Times 06/26/2009
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (2)
06/17/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Obama's Health Plan Needs Spending Controls, CBO SaysWashington Post 06/17/2009
A drastic overhaul, a sweeping restructuring is needed of the "fee-for-service" system to fix healthcare, the Obama health "reforms" risk becoming cosmetic.
06/14/2009
Cowen and Samuelson point out that without this big restructuring, taking in the uninsured into the system will only magnify the costs further. It would simply continue a unaffordable system of healthcare, that also delivers poor overall quality of healthcare for a steep price tag.
Linked Articles
Something’s Got to Give in Medicare Spending
New York Times 06/14/2009
Robert J. Samuelson - Wrong Way on Health 'Reform'Washington Post 06/15/2009
Paul Krugman responds to Arthur Laffer's points about inflation by saying reversing course would put us back into a steep downturn.
06/11/2009
Krugman says only three times in the past has amajor economy faced a liquidity trap, where there is no more room to cut interest rates. During the depression years, during Japan's lost decade and now. In the previous two situations, in 1937 and 1996, a premature tightening of credit put the economy back into a steep downturn.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Stay the CourseNew York Times 06/15/2009
The different approaches of Pfizer and Novartis for new drug research and development in 2009-2015
06/11/2009
Working with smaller R&D budgets and focussing the research on a few areas, collaboration with universities, and other ways to get more out of the R&D dollar.
Linked Articles
Pfizer Profit Declines 19% After Loss of Lipitor Patent
New York Times 05/01/2012
Novartis: Radically Remaking Its Drug BusinessBusinessWeek 06/11/2009
As the government sells $5 trillion in new debt by one estimate, the problem of an estimated $ 1 trillion in troubled assets on the banks books is being put off for another day.
06/04/2009
The FDIC's Legacy Loans Program's $1 billion pilot program attracts no interest. The Public Private Partnership Program of Secretary Geithner, like Secretary Paulson's TARP program before Geithner, is also unlikely to attract much interest as banks are not willing to take the prices that would require them to show large losses on their books. But this means that these problems are postponed for another day.
Linked Articles
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
Rising Interest on Nations’ Debts May Sap World GrowthNew York Times 06/04/2009
Even when the recovery occurs and inventories get replaced gorwth will be slow, as deleveraging process takes many years.
05/28/2009
Mr. Mecksworth, chief economist at MAPI says even when arecovery happens it will mean slow growth as companies will be saving money and paying off debt for many years to come.
Linked Articles
Once a Key to Recovery, Detroit Adds to Pain
New York Times 06/01/2009
Sharper Drop Is Forecast for Factory ProductionWall Street Journal 05/28/2009
The youth vote in India's 2014 and 2009 parliamentary elections
05/02/2009
Linked Articles
Wall Street Journal 05/02/2009
Hopes of a Generation Ride on Indian VoteNew York Times 05/15/2014
The smaller stimulus and selective investments in 2012-2014 in China and how this affects construction and heavy equipment manufacturers
04/30/2009
The impact on Caterpillar, Volvo AB, Komatsu, John Deere, Cummins and domestic Chinese manufacturers of the smaller stimulus and selective investments in China in the years ahead. Manufacturers are exporting from China during this period of slowing sales in China.
Linked Articles
China Bets Sour for Heavy Equipment Firms
Wall Street Journal 08/16/2012
China's Stimulus Spurs U.S. BusinessWall Street Journal 04/30/2009
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