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Greece's Path Back (10)- Germany's and chancellor Merkel's view of the euro and the changes needed
01/30/2011
Linked Articles
Wall Street Journal 04/10/2013
Merkel's Defense of Euro Forged in East GermanyNew York Times 01/30/2011
U.S. policies and freedom in the Arab World and the Middle East
01/28/2011
Linked Articles
Misconceptions about the Egyptian crisis
Washington Post 02/01/2011
Egypt protests show George W. Bush was right about freedom in the Arab worldWashington Post 01/28/2011
The failure of economic policy in China and the muddle China is getting into
01/20/2011
Inflation and massive allocation of capital away from consumers with current economic policies. The dim prospects for rebalancing the world economy. The potential for collateral damage to the world economy.
Linked Articles
New York Times 01/20/2011
Don't Bank on China 'Rebalancing'Wall Street Journal 01/20/2011
Maternity leave and technological progress- catchup tasks for Japan and the U.S.
01/17/2011
Linked Articles
Paid Leave Encourages Female Employees to Stay
New York Times 07/28/2014
At Toshiba, a Pioneer for Women in Japan's Work ForceNew York Times 01/17/2011
The case for increasing the minimum wage (4) Galbraith and "The Spirit Level"
01/15/2011
Linked Articles
Inequality: The rich and the rest
Economist 01/15/2011
Tom Keene Talks to James K. GalbraithBusinessWeek 11/23/2011
Contrasts in the approaches of S. Korea in 1997 and the U.S. in 2008 to banking crises, and the hobbled U.S. economic recovery
01/06/2011
S. Korea in 1997 at the urging of Treasury Secretary Rubin took decisive step to unwind failed financial institutions. This in stark contrast to Treasury Secretary Geither, regulators and U.S. Fed officials actions in 2008 to merge troubled mortgage institutions such as Countrywide and Washington Mutual with Bank of America and JP Morgan Chase. In the process creating mega banks that are hard to manage and hard to run, and "too big to fail," according to former and current Fed governors Hoenig and Fisher. Prof. Cochrane of the University of Chicago says the U.S. Federal Reserve's new job as financial regulator after the 2008 financial crisis, is an impossible one.
Linked Articles
Red Flags said to Go Unheeded at Chase
New York Times 05/14/2012
South Korea Makes a Quick Economic RecoveryNew York Times 01/06/2011
Failures in China's financial system as seen by two bankers
12/11/2010
Failures in China's banking system as seen by two bankers Walter and Howie. The risks to the Chinese economy of real debt to GDP ratios that are upwards of 80% of GDP when local government and other debt that would end up as sovereign debt is taken into account. The inability of the system in China to control lending to state enterprises and local government.
Linked Articles
China's financial system: Look again
Economist 12/11/2010
Beijing's Financial Day of Reckoning Is NearWall Street Journal 06/21/2011
The Brady plan and the expert opinion of John Cochrane and others about the need to extend the maturities of the debt of Greece, Ireland, Portugal and other EU countries.
11/30/2010
Linked Articles
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
Nervous Europe Trying to Halt Economic CrisisNew York Times 11/30/2010
New York Mayor Bloomberg's call for an up or down vote on the Bowles Simpson plan in the U.S. Congress
11/15/2010
Bloomberg says the political class in the U.S. has promised a free lunch or something for nothing for too long. His two step plan to put the U.S. on the path to economic recovery includes the passage of Bowles Simpson deficit reduction plan and the step of letting the Bush tax cuts for all income groups expire.
Linked Articles
Federal Budgets and Class Warfare
Wall Street Journal 03/29/2012
Left, Right and Wrong on TaxesNew York Times 11/15/2010
The electoral commission in Nigeria and the judicial system in Ghana- creating the environment for free and fair elections in Africa
08/31/2010
Linked Articles
Calm Academic Tries to Tame Nigeriaâs Electoral Chaos
New York Times 08/31/2010
Ghana Court Rejects Challenge to President's ElectionWall Street Journal 08/30/2013
China Investment Corporation (CIC) and the funds needed to recapitalize China's state owned banks
08/21/2010
Linked Articles
China's CIC Works on Funding Mechanism
Wall Street Journal 03/07/2012
Chinese banks: Circular logicEconomist 08/21/2010
The growth compact for Europe: increasing German wages to benefit German workers and increase imports from other eurozone countries
08/17/2010
German workers exercized a decade of wage restraint under the Hartz reforms. This has led to a large increase in the sector of lower paid workers. Polls show 4 out of 5 workers feel they have not benefitted from the growth in the economy in Germany. Higher German wages coupled with wage restraint in France, Spain, Italy and other eurozone countries would help increase imports into Germany from other eurozone coutnries. This would help rebalance the eurozone economies.
Linked Articles
Germany's Inflated Fear of Inflation
Wall Street Journal 02/14/2012
German Workers' Wages Belie Country's ReboundWall Street Journal 08/17/2010
The threat posed by China's local government debt to China's banking and financial system
07/29/2010
Because of the opaqueness of the financial system the estimates of the local government debt varies from 27% to 42% of GDP. Prof Shih of Northwestern University, an expert on this subject, now estimates this to be $2.6 trillion or 42% of GDP. Other estimates from the National Audit Office put this at 27% and from China's central bank put this at 30%. Prof Shih's earlier estimate was 34%. Because of the large number of local government entities and the lack of transparency the figures may actually turn out to be higher as China's regulators and other analysts improve their estimates. The 42% estimate is $2.6 trillion in local government debt. China's large foreign exchange reserves of $3 trillion and low interest rates will give China some space for addressing the problem with another round of injection of capital into the banking system.
Linked Articles
Wall Street Journal 06/28/2011
Where China Hides Its DebtBusinessWeek 07/29/2010
Condoleeza Rice and Elliott Abrams question the whole policy of supporting autocracy to preserve a false kind of stability in Egypt and the Arab world
01/28/2011
This stability that comes at the expense of liberty and basic freedoms does not serve America well. This only helps give rise to malignant forces that grow when democratic voices are suppressed. This is especially true in Egypt, Tunisia, Saudi Arabia and the rest of the Arab world where a false stability has been created.
Linked Articles
Condoleezza Rice - The future of a democratic Egypt
Washington Post 02/16/2011
Egypt protests show George W. Bush was right about freedom in the Arab worldWashington Post 01/28/2011
America, Jobs, and Competitiveness- (4) "Getting it right" on Comparitive Advantage and Free Trade, Dartmouth's Matthew Slaughter and the NYT's Louis Uchitelle
01/26/2011
Linked Articles
Comparative Advantage and American Jobs
Wall Street Journal 01/26/2011
U.S. Manufacturing Decline Raises Concern About InnovationNew York Times 02/12/2011
The slow shift to healthy choices at grocery chains and restaurants in the U.S. even as the healthcare costs reach alarming proportions
01/20/2011
U.S. companies, workers, and the U.S. economy is squeezed between the growth in obesity related diabetes and other obesity related diseases and the growth in health care costs to treat these diseases. Yet no coordinated action plan exists to tackle the problem between companies, government, universities, public interest groups, and other groups. And the progress charted out by grocery chains, restaurants and other organizations in the food business to provide and encourage healthy choices is incredibly slow.
Linked Articles
Wal-Mart Plans to Make Its House Brand Healthier
New York Times 01/20/2011
Low-Cal Items Fuel Restaurant SalesWall Street Journal 02/07/2013
Inequality, the middle class and economic growth
01/15/2011
Studies show a growing middle class and lower middle class as one of the conditions underpinning steady economic growth. Adam Smith also points this out in his book The Wealth of Nations, written in the 18th century as England began its transformaton with the Industrial Revolution. Growing wages created a middle class and demand for goods and services that enable England to prosper. A similiar process took place in the U.S. with Henry Ford's effort to provide higher wages in his automobile plants in the 1920's that led to a growing middle class able to afford automobiles.
Linked Articles
Inequality: The rich and the rest
Economist 01/15/2011
The 1 Percent Clubâs Misguided ProtectorsNew York Times 12/10/2011
How Samsung jumped ahead of Sony in the smartphone market- the dismal failure of the Sony-Ericsson joint venture
01/07/2011
The glaring weaknesses of the Sony-Ericsson mobile joint venture was the slow decisionmaking and the inability to take advantage of Sony's strengths in manufacturing and its companywide technological capabilities. As late as 2011 Samsung was struggling behind other competitors. A key advantage was the quick decisionmaking and marshalling of resources within the company for the smartphone effort in Samsung. The joint venture proved to be a disaster for Sony.
Linked Articles
Samsung Moves in Smartphone Race
Wall Street Journal 01/07/2011
Sony Stakes Recovery on New SmartphoneWall Street Journal 03/01/2013
Problems facing Brazil's economy in 2012-2013 and the approach of finance minster Mantega and president Roussef
12/30/2010
Linked Articles
Brazil Flexes Strong Arm to Reverse Slowdown
Wall Street Journal 05/31/2012
Brazil's President Exits With a Protracted Victory LapWall Street Journal 12/30/2010
A Brady Plan type solution to the debt crisis in Greece, Ireland, Portugal and other EU countries
11/30/2010
The extension of maturities for the debt of these countries is a key part of the solution. The Brady Plan that helped sove the Latin American debt crisis of the eighties and nineties is an example of the way out of the crisis. Resistance from bankers to taking losses of upto 30% and extending the maturities for debt. The need for Germany and other countries to set aside money that would be needed to recapitalize banks that need funds to handle these losses. Nicholas Brady when asked about this says it is important for this to be "a unified decision." This would create the confidence in the financial markets that will be needed.
Linked Articles
Europe's Central Banker Seeks Deeper Fiscal Union
Wall Street Journal 06/03/2011
Nervous Europe Trying to Halt Economic CrisisNew York Times 11/30/2010
The prospects of a stalled economy in China as the productivity of capital deteriorates
11/23/2010
Inflation, repressed consumers, and the failure of current economic policy to produce the kind of sustainable growth China needs. One of the concerns raised before the Asian economic crisis of 1997 was the poor and declining productivity of capital in some Asian countries.
Linked Articles
New York Times 01/20/2011
Sclerosis in China's Economic VeinsWall Street Journal 11/23/2010
Stiglitz and Krugman point to the dangers in the Cameron-Osborne austerity measures in Britain
10/20/2010
Jospeh Stiglitz writing in the Guardian in 2010, at the time of the first Osborne Budget, said it was a huge gamble that the private secotr would pick up enough to make up for the impact of the budget cuts. Lower growth would mean lower tax revenues and deficit reduction targets would be missed. Krugman points out that the 490,000 job losses planned through attrition under the Osborne plan is similiar to 3 million in job losses in the U.S., a huge risk for the British economy.
Linked Articles
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/2010
British Fashion VictimsNew York Times 10/21/2010
Lixin Fan's documentary "Last Train Home" and the poetry of China's migrant workers- a society in transition and the price being paid
08/27/2010
Linked Articles
Poetry of a former Foxconn Worker Vividly Evokes Alienation of Factory Life
BusinessWeek 11/04/2014
Lixin Fan, Trailing Chinese Migrant WorkersNew York Times 08/27/2010
China's sovereign wealth fund, China Investment Corporation (CIC), and the decreasing prospects for buying eurozone bonds
08/21/2010
Linked Articles
China Rebuffs Hopes for Bailout
Wall Street Journal 09/26/2011
Chinese banks: Circular logicEconomist 08/21/2010
Germany's second quarter 2010 growth of 9% is unsustainable.
08/14/2010
The downside to the lower unemployment rate is the rapid growth in the low-wage sector in Germany. Consumer spemding is tight in Germany and the surge in exports cannot last. The contrast between the impact of German gorwth on the countries in Northern and Southern Europe.
Linked Articles
Germany Propels Growth in Euro Zone
Wall Street Journal 08/14/2010
German Workers' Wages Belie Country's ReboundWall Street Journal 08/17/2010
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