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The relationship of French president Macron with president Trump and the task of "bringing the U.S. president back into the circle."
07/13/2017
Linked Articles
Emmanuel Macron to Welcome Trump, an Unlikely Partner, to France
The New York Times 07/12/2017
Trump accepts Macron’s invitation to visit France for Bastille Day on July 14Washington Post 06/28/2017
Republican House health care bill in 2017 and shift in priorities- $337 billion in savings, expected lower premiums, but leaving 14 million more uninsured in 2018
03/13/2017
A shift in priorities from the poor to the middle class- targeting lower premiums for people who have seen their premiums increase sharply, reducing the overall cost with savings of $337 billion, yet leaving 14 million more people uninsured.
Linked Articles
CBO Sees 24 Million More Uninsured, $337 Billion Deficit Cut in Coming Decade With GOP Health Plan
WSJ 03/13/2017
US health bill 'to leave 14m more uninsured' - BBC NewsBBC News 03/13/2017
Deutsche Bank legal settlements, including $14 billion with the U.S. Justice Department, that may require rescue by the German government
09/27/2016
Linked Articles
Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
DW.COM 09/27/2016
America’s Department of Justice asks Deutsche Bank for $14 billionThe Economist 09/16/2016
The 1976 Montreal Olympics, the 2004 Athens Olympics, the 2014 Sochi Olympics and the Rio Olympics- decades long debt hangovers and costs growing from the $1+ billion in Montreal to $50+ billion in Sochi
08/24/2016
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (3) the inclusion of key "Leave" supporters in Theresa May's cabinet
08/16/2016
By including a key member of the "Leave" vote, Mr Boris Johnson, former Mayor of London, in the cabinet as Foreign Secretary, Theresa May has given herself a lot more flexibility in tackling the Brexit issue so that it does not hurt the British economy. It would be hard for a key cabinet member not to be part of the team position on issues, and for the team to ignore the Bank of England's role in steadying the economy. By making the issues important to working class people in Britain her priorities Theresa May also lays the ground for everyone in Britain to gain moving forward as the economy recovers.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
Theresa May, New British Prime Minister, Gives Boris Johnson a Key PostThe New York Times 07/13/2016
Goldman Sachs and U.S. regulators in 2015-2017- cutting risks in trading activity and private equity/hedge fund investments following the excessive leveraging of the 2008 financial crisis
08/04/2016
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
The Bernie Sanders campaign and its effect of increasing negative perceptions of Hillary Clinton
04/20/2016
Linked Articles
Presidential Front-Runners Get Breathing Room After New York Vote
Wall Street Journal 04/20/2016
Hillary Clinton won New York, but her image is underwater - The Washington PostWashington Post 04/20/2016
The EU's evolving relations with Turkey in 2016- Germany's Merkel and the Erdogan government reach an agreement on refugees in March 2016
03/07/2016
Merkel facing populist pressures and opposition from the CDU to accepting more refugees tries to get Turkey to stem the flow and send refugees back to Turkey. The Erdogan government with its own problems and seeking a closer relationship with the EU following the Russian bombing of the Turkmen in Syria and shooting down of a Russian plane approves the agreement.
Linked Articles
Stakes Are High for Germany’s Angela Merkel in Success of New Migrant Deal
Wall Street Journal 03/24/2016
Turkey Places Conditions on E.U. for Migrant HelpNew York Times 03/07/2016
Jeremy Corbyn and the proposal in 2015 for a National Investment Bank in Britain to make investments in education, health services and infrastructure
09/11/2015
A new leader of the Labor Party in Britain proposes a National Investment Bank. Some of the funding would come from an estimated 20 billion pounds of tax debt, 20 billion pounds in tax evasion, and 80 billion pounds in tax avoidance, according to experts in the Labor Party. Corbyn says he would reverse the introduction of fees for university education by previous Labor governments and has publicly apologized for the fees. The fees plan would cost about 7.1 billion pounds and be paid for by a 2.5% increase in the corporate tax, slower deficit reduction or increase in the insurance tax, says Corbyn. Germany continues to provide free university education.
Linked Articles
Leftist Jeremy Corbyn elected leader of Britain’s Labour Party - The Washington Post
Washington Post 09/12/2015
Jeremy Corbyn, Unlikely Front-Runner for Labour Leader, Poised to Win Party VoteNew York Times 09/11/2015
2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.
09/09/2015
The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.
Linked Articles
Wall Street Journal 09/10/2015
Jeb Bush Tax Plan Makes Forays Into PopulismNew York Times 09/09/2015
The contrasting views about the Greece crisis in July 2015
07/18/2015
Linked Articles
Minister in Germany Discusses Greece Role
New York Times 07/18/2015
Austere? Your word, not oursEconomist 07/19/2015
China takes a different approach to stock market declines on August 24-25, 2015, after the failed intervention in the stock market in July 2015
07/08/2015
Linked Articles
U.S. stocks rebound after punishing day, but China’s market slides again - The Washington Post
Washington Post 08/25/2015
The Man Tasked With Stopping China’s Stock SelloffWall Street Journal 07/08/2015
German experts and public opinion who see Greece's exit from the eurozone as the best thing for the euro in July 2015 (1)
07/07/2015
Chancellor Merkel's statement that the the Euro is the EU, now place more emphasis on building a strong future for the euro. Experts in Germany believe the euro is better off without Greece by July 2015. As the WSJ editorial points out political contagion is now a bigger threat to the euro, with euro skeptic parties joining populist parties with no committment to the common currency and its basic rules.
Linked Articles
German Finance Chief’s Hard Line on Greece Limits Angela Merkel’s Room to Maneuver
Wall Street Journal 07/09/2015
It’s Time for Greece to Leave the EuroNew York Times 07/07/2015
Emmanuel Macron and the challenge of reviving France's economy
05/08/2017
France's central bank chief Noyer points out that once the public sector crosses the line of 55% of the economy France loses ground. Jobs created are from an earlier period, and fewer new technology jobs of the future are created. The challenge for Macron is to rein in the public sector and revive French industry so new jobs are created for young people.
Linked Articles
Macron's presidency: It's the economy, stupid! | Business | DW.COM | 08.05.2017
DW.COM 05/08/2017
The Emperor Creates No JobsWall Street Journal 05/29/2013
Goldman Sachs and the Trump administration- Steven Mnuchin at Treasury and Gary Cohen at the National Economic Council
12/09/2016
Bank stocks are up with the election of Donald Trump, Goldman Sachs share price up 34%, with the push back against regulation of banks following the 2008 financial crisis.
Linked Articles
Goldman Sachs No. 2 Seen as a Top Economic Adviser to Trump
The New York Times 12/09/2016
Trump Plans to Name Steven Mnuchin as Treasury SecretaryWSJ 11/29/2016
Donald Trump's plans for large scale deportation even as a Gallup poll shows only 15% opposing a pathway to citizenship for illegal immigrants in the U.S.
09/01/2016
The wide divergence between public opinion in the U.S. and the Trump stand for large scale deportation. A Gallup poll on July 1, 2016, shows 84% of the U.S. adults favoring a pathway to citizenship for illegal immigrants in the U.S., only 15% opposing.
Linked Articles
Explaining What Donald Trump Wants to Do Now on Immigration
The New York Times 09/01/2016
Donald Trump’s big immigration speech proves it: There is no ‘new’ Donald TrumpWashington Post 09/14/2016
Trump's business empire- overleveraging, debt, excessive risk, and shrouded in mystery, what the WSJ calls "a narrow escape"
08/20/2016
The business dealings of Trump do not reveal the wisdom and financial best business practice that will be needed to get the middle and working class in the U.S. back on its feet, and to build the country's infrastructure and defense needs.
Linked Articles
Trump and His Debts: A Narrow Escape
Wall Street Journal 01/04/2016
Trump’s Empire: a Maze of Debts and Opaque TiesThe New York Times 08/20/2016
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (2) the British economy and the Bank of England's stimulus effort to avoid a recession
08/16/2016
The stimulus action of the Bank of England in August 2016 was designed to avert a recession in Britain. The Bank of England estimates that even with the stimulus the Brexit move will lead to a 1% drop in economic growth every year for 3 years as compared to staying in the European Union. The British public is weary of the austerity programs for 7 years under finance minister Osborne. if higher growth under Brexit turns out to be an illusion as the Bank of England forecasts show, there would be reason for much reflection on the meaning of the vote- seeing it as a rejection of the Cameron-Osborne government in favor of a government more in tune with the interests of working class people under Theresa May.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
Bank of England unveils four-pronged stimulus package in bid to avoid Brexit recessionThe Telegraph 08/04/2016
Angela Merkel's leadership during the immigration and Brexit crises by July 2016- increasing support for the European Union in Germany and personal support up to 59 percent in Deutschland trending poll
07/08/2016
By offering "calm and composed" leadership during the Brexit crisis, and being flexible in dealing with genuine concerns about immigration in Germany, Merkel shows Europe a better way than fractious British, French or American politics during a critical period when good responsible leadership is missing.
Linked Articles
Poll: Brexit vote boosts support for EU in Germany | News | DW.COM | 08.07.2016
DW.COM 07/08/2016
Angela Merkel Is Motivated By Decency, Not PoliticsWall Street Journal 12/21/2015
Trump's solution for creating jobs- an illusion?
03/23/2016
With no tangible solutions for creating jobs, and a policy of high tariffs that could create trade wars and destabilize the global economy hurting growth worldwide, jobs lost in the last decade mostly not coming back, questions raised about how this will improve the prospects for jobs, upward mobility for middle class, working class people.
Linked Articles
Wall Street Journal 03/24/2016
A transcript of Donald Trump’s meeting with The Washington Post editorial board - The Washington PostWashington Post 03/23/2016
The U.S. manufacturing sector and the Trans Pacific Trade Agreement- U.S. manufacturing job losses and why leading candidates Clinton, Sanders, Trump and Cruz oppose it
01/25/2016
Linked Articles
Trans-Pacific Trade Pact Would Lift U.S. Incomes, but Not Jobs Overall, Study Says
New York Times 01/25/2016
What’s Our Duty to the People Globalization Leaves Behind?New York Times 01/26/2016
Partisan opinion and the Pew Research polls on how U.S. public opinion views the July 2015 nuclear agreement with Iran
09/09/2015
Increasing skepticism about the deal's provisions shown in Pew Research Center polls taken in July and Sept 2015.
Linked Articles
Senate Democrats vs. voters on Iran [Updated] - The Washington Post
Washington Post 09/09/2015
Dick Cheney tries to fool the public again - The Washington PostWashington Post 09/09/2015
The devaluation of the yuan in August 2015 as China responds to lower exports, the appreciation of the euro and the yen, and the U.S. Federal Reserve's plan to raise rates
08/12/2015
China's currency appreciated 9.2% against the euro and 57% against the Japanese yen with its soft peg to the dollar in 2013-2015. The 8.3% decline in China's exports for July 2015 over the prior year led to the policy action to devalue the Chinese currency, the yuan on August 11, 2015.
Linked Articles
China is trying to save its economy with a cheaper currency - The Washington Post
Washington Post 08/12/2015
China’s Devaluation GambitWall Street Journal 08/12/2015
Manuel Valls of France and Dutch finance minister Dijsselbloem- two perspectives on the Greece crisis following the referendum of July 5
07/09/2015
Linked Articles
Eurozone Finance Chief Recounts Brinkmanship That Led to Greek Deal
Wall Street Journal 07/17/2015
Greek Plan Accepts Austerity to Get Debt ReliefNew York Times 07/09/2015
The new multiyear program proposed by Germany and France to replace the June 2 proposal, following the Greece July 5, 2015 referendum, which sets more reforms
07/07/2015
Linked Articles
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Eurozone Sets Sunday Deadline for Greece Financing DealWall Street Journal 07/07/2015
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