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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
Linked Articles
Donald Trump positions himself as the voice of ‘the forgotten men and women’
Washington Post 07/22/2016
Donald Trump proclaims himself 'law and order' candidate at Republican conventionThe Guardian 07/22/2016
How the middle aged white Americans 45-54 are faring in the current environment with fewer opportunities and greater vulnerabilities in health, education incomes, savings, quality of life, mortality, upward mobility, for this group. Tragically this means their children and the next generation is also affected in the way fewer opportunities are available in the future. The situation is unique to America with weaker social protection than Europe, and to Britain because of years of austerity. There are no quick fixes with easy slogans, and requires first a national awareness, national consensus, and may require the better part of a generation to solve and restore the hope and promise of Jefferson in making the "inalienable rights of life, liberty, and the pursuit of happiness" available to all.
Linked Articles
Rising Death Rates for Middle-Aged White Americans Are Forcing a Policy Rethink
WSJ 06/30/2016
The U.S. Now Ranks 19th in ‘Social Progress,’ With Finland and Canada Topping the ListWSJ 06/30/2016
Linked Articles
Both Parties’ Presidential Front-Runners Increasingly Unpopular
Wall Street Journal 04/18/2016
What Clinton and Sanders owe progressives - The Washington PostWashington Post 04/18/2016
Spain's economic recovery continues as businesses continue to invest following the inconclusive Dec. 2015 parliamentary elections.
Linked Articles
Spain’s Political Deadlock Dents Economic Rebound
Wall Street Journal 03/07/2016
Spain’s Political Deadlock Dents Economic ReboundWall Street Journal 03/07/2016
Linked Articles
Republican Debate Defined by Trump-Cruz Clash
Wall Street Journal 01/15/2016
The Take: Can Donald Trump actually be the Republican nominee? - The Washington PostWashington Post 01/15/2016
Linked Articles
Ted Cruz Starts to Crack G.O.P. Establishment’s Wall of Opposition
New York Times 01/13/2016
Cruz campaign credits psychological data and analytics for its rising success - The Washington PostWashington Post 12/14/2015
Linked Articles
End of China’s One-Child Policy Stings Its ‘Loneliest Generation’
New York Times 11/13/2015
As China drops one-child rule, joy for some, agonizing choices for others - The Washington PostWashington Post 11/11/2015
Linked Articles
Economist 05/23/2015
How to run a continentEconomist 05/23/2015
Britain disproves the popular belief that an ever upward trajectory for election spending is inevitable. The 2010 general election in Britain cost half that of the 1880 general election in 2002 prices, say researchers. In the U.S. spending has increased to the point where candidates may be spending more time fund raising than talking about the issues. The 2016 presidential election in the U.S. is estimated to lead to $10 billion in spending. India, Brazil, and other developing countries face a similar situation.
Linked Articles
Britain’s Campaign Finance Laws Leave Parties With Idle Money
New York Times 05/04/2015
F.E.C. Can’t Curb 2016 Election Abuse, Commission Chief SaysNew York Times 05/02/2015
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
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
Najib Razak follows his father Tun Abdul Razak, Mahathir before him, all the way back to Tunku Abdul Rahman, all of the UMNO party, in an uninterrupted control of the United Malay Naional Organization Party which has ruled Malaysia for almost 6 decades. Malaysia has followed the example of Lee Kuan Yew in Singapore by keeping the opposition parties weak to maintain control. Both the UMNO and the party of Lee in Singapore face questions about the merits of suppressing the development of two party systems, at a time when government is changing hands to opposition parties in most of the region and improving economic prospects in each country with a change of government- Abe in Japan, Widodo in Indonesia, Modi and Sharif in India and Pakistan, Aquino in the Philippines, Wickremesinghe in Sri Lanka. A economic drift with no clear direction under Singh and Bhutto in India and Pakistan was reversed with the election of Modi and Sharif, the economic drift and deflation under the Kan and Noda governments was reversed in Japan with the election of Abe, and the economic drift in Indonesia is being reversed by the Widodo government. This shows how critical two party systems are to functioning democracies as middle classes develop and voters look for competing views of the future to choose from.
Linked Articles
Fund Controversy Threatens Malaysia’s Leader
Wall Street Journal 06/19/2015
Indonesian President Joko Widodo Pledges to Cut Investment BarriersWall Street Journal 12/08/2014
Linked Articles
Washington Post 04/11/2016
Hillary Clinton’s Historic Moment Divides Generations of WomenWSJ 07/26/2016
Lawsuits filed against VW by state attorney generals in the U.S. say knowledge of the diesel emissions cheating went all the way to top management..
Linked Articles
Volkswagen Scandal Reaches All the Way to the Top, Lawsuits Say
The New York Times 07/19/2016
VW Emissions Cheating Ran Deep and Wide, State AllegesWSJ 07/19/2016
Krugman discusses the U.S. May 2016 jobs report from the Labor Department. He says it will be harder to come up with a response to the political uncertainty in an election year, especially now that rates are near zero.
Linked Articles
Sharp Fall in U.S. Hiring Saps Chance of Fed Rate Increase in June
The New York Times 06/03/2016
A Pause That DistressesThe New York Times 06/06/2016
Linked Articles
Suffering From Trumphobia? Get Over It
Wall Street Journal 03/10/2016
Only Trump Can Trump TrumpNew York Times 03/08/2016
Thinking big embracing the entire electorate, using social media to the fullest, improvising often based on voter sentiment, commonsense approaches, worked for Trump in the Republican primaries in 2016. The failure of the other candidates to address issues of voter frustration, and splitting of the vote with many candidates, created the opportunity for Trump to succeed with his unconventional campaigning style coupled with a careful attention to what troubled voters.
Linked Articles
Donald Trump’s Campaign Blueprint: His Own Book
Wall Street Journal 03/03/2016
Trump and the Also-RansWall Street Journal 02/25/2016
Linked Articles
The Obama era has damaged liberalism - The Washington Post
Washington Post 01/13/2016
A voice in the wildernessEconomist 01/19/2016
The Republican narrative finds a parallel in the 2016 U.S. presidential election which led to the election of president McKinley and bringing Teddy Roosevelt as running mate for the 1900 election. It focusses on economic recovery under the gold standard and U.S. asserting itself on behalf of Cuban independence in the uprising against Spanish rule. The Democratic narrative looks at immigration, women, minorities and the surge in inequality to see continuing shift to Democrats, accepting some voter disillusionment with both parties showing up in reduced voter participation.
Linked Articles
Wall Street Journal 11/20/2015
Terrorism Becomes a Campaign IssueWall Street Journal 11/20/2015
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
With about 300 million people without electricity, and India lagging behind Brazil and Indonesia in the percentage of population lacking electricity, the goal is to modernize the coal industry and increase production. This shows the different tradeoffs in less developed countries such as India, which face a completely different set of tradeoffs, and are moving in the opposite direction out of necessity. China is just entering a period after rapid modernization where the discussion about the tradeoffs is shifting, whereas India remains in a very different phase.
Linked Articles
Norway Will Divest From Coal in Push Against Climate Change
New York Times 06/05/2015
Indian Prime Minister Prods Coal MonopolyWall Street Journal 05/14/2015
Linked Articles
McConnell warns that trade deal can’t pass Congress before 2016 elections - The Washington Post
Washington Post 12/11/2015
Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic DiscordWall Street Journal 04/17/2015
Linked Articles
U.K.’s 2015 Election Carries High Stakes for EU
Wall Street Journal 01/19/2015
Britain’s Costly DebateWall Street Journal 01/21/2015
Alexis Tsipras is seen as moderating his programs to keep Greece in the European Union if elected in 2015, as Greeks favor remaining in the EU.
Linked Articles
Greek Leftist Party Spooks Some Investors
Wall Street Journal 12/12/2014
The Economic Consequences of Syriza’s Alexis TsiprasWall Street Journal 12/29/2014
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