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Reilly questions the leveraging aspect of the Fed's 2002 stress test results as they leave U.S. banks leveraging at between 20-30 times capital, the situation that prevailed before the crisis. Experts including Anil Kashyap at the University of Chicago pointed out how the process of deleveraging works in reverse before the collapse of Lehman in 2008- for every $1 of bank losses the deleveraging cycle reduces bank lending by $20- $30.
Linked Articles
Stressing the Bank 'Stress Tests'
Wall Street Journal 03/14/2012
How Bad Will It Get on Wall Street?BusinessWeek 07/16/2008
The cheap products made at high costs to labor, the environment are out and the remaining textile products and similar product companies will have to be more sophisticated and make more value added products. Chinese government policy will discourage the older polluting factories in the south and encourage high tech leadership products for world markets.
Linked Articles
China’s Ambition Soars to High-Tech Industry
New York Times 08/01/2008
China's Export Machine Threatened by Rising CostsWall Street Journal 06/30/2008
Europeans protes fuel taxes but public opinion especially in Germany favorsreducing fuel consumption. It requires agreement by 27 EU member states to reduce fuel taxes so this is unlikely to happen.
Linked Articles
Europeans Protest Fuel Taxes But Accept High Prices
Wall Street Journal 05/28/2008
Irate Europeans Protest the Soaring Price of GasolineNew York Times 05/30/2008
The perception that "this time is different" is a typical behavioural reaction in history to to financial crises studied by Rogoff and Reinhart. Economic weakness is part of the mechanism for correcting global imbalances which happens over a number of years.
Linked Articles
Economy May Face Prolonged Pain, History Suggests
Wall Street Journal 05/05/2008
Boom, Bust. Repeat.Wall Street Journal 10/09/2009
Sales at luxury retailers full priced stores are flat or declining while their factory outlets are seeing increased sales. BMW and Mercedes are taking writedowns for the drop in the value of their secondhand leased cars in the USA. This reflects declining economic conditions in April 2008.
Linked Articles
Profit Hurt, BMW Diverts Cars From U.S.
Wall Street Journal 04/30/2008
Luxury Retailers Pin Hopes on OutletsWall Street Journal 04/30/2008
Improving unemployment figures in Ohio in 2012 with 7.2% unemployment has come with lower incomes in manufacturing and a lowering of expectations about the future.
Linked Articles
Ohio economy improving, but residents can’t feel it - The Washington Post
Washington Post 08/08/2012
The Wage That Meant Middle ClassNew York Times 04/20/2008
Ford Fiesta to be launched in the USA in 2011. It will get 40mpg on the highway.
Linked Articles
Customizers ready for launch of Ford Fiesta
Detroit News 12/31/2009
One World, One Car, One NameBusinessWeek 03/13/2008
The Dacia and Logan brands manufactured in Romania are expected to cross the 1 million sales mark in 2012. The Logan and Dacia have established a presence in Europe as models known for reliability. Sales of these lower cost cars are popular with buyers in France who see this as a choice replacing buying a used car.
Linked Articles
Frugal Dacia Stars in Renault's Overhaul
Wall Street Journal 02/11/2008
Renault Takes Low-Cost LeadWall Street Journal 04/16/2012
Smartphone competition from Chinese and Korean brands, Huawei and Samsung, and new technologies with the Android smartphones and the Apple iPhone have upended the market for mobile phones. Nokia an established competitor finds itself in a dangerous situation with a precipitious loss of market share at the low end and the high end, and eroding margins.
Linked Articles
Motorola to Spin Off Handset Unit, As Icahn Waits
Wall Street Journal 02/01/2008
Nokia Posts $1.2 Billion Loss as Sales Drop 29%New York Times 04/19/2012
The aggressive internationalization plan of IBM. How its being executed and the financial results that show this in 4th quarter 2008 with 10% gain in revenues and 24% in profits.
Linked Articles
Foreign Sales Help I.B.M. to a Strong Quarter
New York Times 01/15/2008
IBM Sales, Profit Give Tech a Healthier LookWall Street Journal 01/15/2008
About 1800 people die in traffic accidents in New Delhi each year and most of them are on motorcyles, whole families on a motorbike. This was the image in Ratan Tata's mind behind his vision of a 1 lakh rupee ($2000) car affordable to the motorcycle Indian. Is it safe, for the motorcycle rides and passengers its a lot safer being in a car.
Linked Articles
Economist 01/10/2008
Four Wheels for the Masses: The $2,500 CarNew York Times 01/08/2008
It takes a deep knowledge of a place to know why things are turning out the way they are. Part knowledge of history, sidelining of Muslims after the British drove out the Mughals, knowledge of choices, choice of a separate state on religious lines, the creation of Pakistan, and knowledge of the cast of characters, Mohammed Ali Jinnah of the Muslim League whose picture here and his manners show a person aloof and more fitted to the British era,and the generals Ayub,Yahya, Zia and Musharraf.
Linked Articles
New York Times 01/06/2008
In Musharraf’s Shadow, a New Hope for Pakistan RisesNew York Times 01/07/2008
Linked Articles
Economist 12/19/2007
Mexico Energy Bill to End Pemex's Monopoly on OilWall Street Journal 12/08/2013
The high rate of leveraging of banks today compared to 2008, suggests that the U.S. Federal Reserve may have prematurely declared the banks safe, say experts.
Linked Articles
Stressing the Bank 'Stress Tests'
Wall Street Journal 03/14/2012
How Bad Will It Get on Wall Street?BusinessWeek 07/16/2008
The lack of vigorous discussion at the Board and top management levels of Gneral Motors is the most striking thing about the company. Classic example how the larger and more successful an institution, there is no assurance that even the vital skills of vigorous discussion and openness to fresh thinking promoted by its founders like Alfred Sloan in this case in one of his meetings, that these skills will be available in the future.
Linked Articles
GM's Massive Quarterly Loss Adds to Turnaround Pressure
Wall Street Journal 08/02/2008
McCain Offers Aid, No 'Bailout' on AutosWall Street Journal 06/28/2008
The evolution of the old management styles and attitudes as Ford brought in outside management and Bill Ford took a new tack, and at GM where old management plodded on inexorably in the old way. Which is quite different from what Alfred Sloan had advocated in his memoirs when he insisted on discussion and debate on critical decisions in board meetings for them to be worthwhile.
Linked Articles
BusinessWeek 05/15/2008
Bill Ford on Tipping Points and Thinking SmallBusinessWeek 07/31/2008
The agreement won by 11 states from bank of America to devote $8 billion for mortgage relief and help homeowners facing foreclosures was a landmark agreement as little had happened in the way of relief for homeowners except for efforts by Sheila Barr at IndyMac in the way of comprehensive relief proposals for homeowners.
Linked Articles
Bair Proposal Seeks Government Loans To Aid Homeowners
Wall Street Journal 04/30/2008
Countrywide to Set Aside $8.4 Billion in Loan AidNew York Times 10/06/2008
FDIC Sheila Bair seen in retrospect after her anticipation of the mortgage and credit crisis and helping prepare FDIC for it. And for the comprehensive approach she took and which later convinced people at Treasury who had earlier adopted a case by case approach not realizing how deep and far reaching this crisis would be.
Linked Articles
Agency’s Head Expects Banking’s Crisis to Worsen
New York Times 08/27/2008
Bair Proposal Seeks Government Loans To Aid HomeownersWall Street Journal 04/30/2008
Ford is showing originality and focussing on safety and innovation as one of its advertising themes in a "Ford, Drive One" campaign which will be done with dealers and after listening to dealers.
Linked Articles
Wall Street Journal 03/18/2008
Ford Displays a Wreck to Score Safety PointsNew York Times 03/18/2008
Sheila Bair 's proposal to help homeowners is similar to what Martin Feldstein proposed on the pages of WSJ on March 7, 2008. About 2 months later FDIC proposes to take action to help homeowners by offering homeowners with debt to income ratios above 40%, a loan from the government for 20% of their loan amount with no interest charged for the first 5 years, and loan payments required to be lowered to affordable numbers.
Linked Articles
How to Stop the Mortgage Crisis
Wall Street Journal 03/07/2008
Bair Proposal Seeks Government Loans To Aid HomeownersWall Street Journal 04/30/2008
Production from Alberta tar sands is running into problems from the environmental concerns to the falling price of crude oil.
Linked Articles
The Costly Compromises of Oil From Sand
New York Times 01/07/2009
Oil Sands Are Shifting in AlbertaWall Street Journal 02/05/2008
As the percentage of women in India's software industry approaches 50% by 2010 their concerns and issues important to them should be important to companies to attract good employees. Safety will soon emerge as one of the issues.
Linked Articles
H.P. Case to Go Forward in India
New York Times 01/31/2008
Young and Impatient in IndiaBusinessWeek 01/17/2008
What this recession will look like according to the views of economists Roubini and Rogoff. Its likely to be serious.
Linked Articles
Some Fear Economic Stimulus Is Already Too Late
New York Times 01/13/2008
U.S. Warning Signs Point Toward a Deep RecessionWall Street Journal 01/21/2008
McDonald's takes the ideas of baristas from Starbucks and gets ideas for picture based ordering, credit card payment and community event participation from younger franchisees. Along the way it is trying to change perception of the chain as not being healthy eating. A lot remains to be done to move away from the super size obsesson.
Linked Articles
McDonald's Takes On A Weakened Starbucks
Wall Street Journal 01/07/2008
'Super Size Me' Generation Takes Over at McDonald'sWall Street Journal 03/08/2012
Farley brings fresh thinking to marketing and advertising at Ford to get themes like safety and green into buyers minds.
Linked Articles
Wall Street Journal 03/18/2008
Ford's EcoBoost Engine Excites MarketerNew York Times 01/06/2008
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