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David Rieff provides insights on why all developing countries, Mexico, Brazil, India, Indonesia and China need to take child malnutrition seriously
10/11/2009
The Indian lower house of parliament passed a Food Security bill in August 2013. Rieff says China made serious progress to reduce malnutrition from over 21% for children under 5 years to around 7% today after 1990. In India malnutrition for children under 5 years is above 40%. There is a lot that developing coutnries can learn from each other in this area including the Bolsa Familia program in Brazil which uses the concept of improving vaccination for children and school attendance as requirements for subsidy payments to the poor. Mexico and Indonesia have different versions of programs to help the poorer sections of society. The problem is acute in India because of indifference induced by caste and other considerations and the high level of malnutrition for children. Rief says how good is ademographic dividend when many of these children are permanently and silently impaired by malnutrition by the age of three. India's Congress party leader, Sonia Gandhi, put it differently in parliament: "What is our responsibility to these people?"
Linked Articles
New York Times 10/11/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
The $5 trillion in new debt expected for 2009-2010, will become harder to reverse if the rising foreclosures weaken any recovery.
06/02/2009
With 15.4 million homeowners under water and rising unemployment exacerbating the foreclosure rate, and no governement solution in sight, any recovery will be weak. This makes the debt reduction less likely, and weakens prospects for economic growth.
Linked Articles
Rising Interest on Nations’ Debts May Sap World Growth
New York Times 06/04/2009
Foreclosures: No End in SightNew York Times 06/02/2009
In the two areas that government can make aserious difference, foreclosure prevention and bank lending it is failing.
04/15/2009
The government has only indirect influence over the other important variables in the equation for economic recovery, consumption and employment. Through foreclosure prevention and bank lending it can influence consumption and employment. Obama's program while admirable may simply fall short of what is required. Through asimple takeover of insolvent banks the administrationcan implement its own programs for goreclosure prevention and aggressive bank lending at attractive rates, but this has to be done early before business go into permanent retrenchment mode and consumers simply revert to a frugal lifestyle of an earlier generation.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Banks Ramp Up ForeclosuresWall Street Journal 04/15/2009
Gaza Strip then and now six years later, 2009 and 2015- an intractable conflict leaves 1.8 million Palestinians no closer to normal life
01/09/2009
Linked Articles
Despair and a Defiant Smile in a Gaza Hospital
New York Times 01/09/2009
Gaza Strip Economy on ‘Verge of Collapse,’ World Bank SaysNew York Times 05/22/2015
The untold story of civilians caught in the crossfire in the wars in places like Gaza and Afganistan that have lasted decades.
12/25/2008
A physiotherapist from Turin, Italy, who runs the Red Cross Rehabilitation Center in Afghanistan, and a wounded surgeon who loses his wife and child in the cross fire between militants and Israelis in Gaza City, both have an untold story of civilians in both places.
Linked Articles
A Foreign Face Beloved by Afghans of All Stripes
New York Times 12/25/2008
Despair and a Defiant Smile in a Gaza HospitalNew York Times 01/09/2009
New York Times editorial asks Congress to "Show us Hope" as 12 million households or 1 in 6 mortgages go under water.
10/02/2008
NYT laments the lack of anything to give hope to homeowners in the $700 billion bailout plan. So do Feldstein and Hubbard both Republican Presidential advisors of reagan and Bush.
Linked Articles
New York Times 10/02/2008
Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water'Wall Street Journal 10/08/2008
The impact of energy costs on the Chines export model of low cost low margin textiles, shoes household goods
06/20/2008
Higher energy prices are showing up in the higher cost of Chinese goods abroad along with other cost increases.
Linked Articles
China's Export Machine Threatened by Rising Costs
Wall Street Journal 06/30/2008
China Sharply Raises Energy PricesNew York Times 06/20/2008
BMW, Benz and luxury retailers Saks, Nordstrom face declining luxury consumption.
04/30/2008
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
Sheila Bair at FDIC has proposal to help homeowners similiar to Feldstein's
03/07/2008
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
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12/11/2007
Diplomatic negotiations will be a new focus of policy towards Iran, any sanctions by security council watered down in this shift.
Linked Articles
U.N. Discord Likely to Weaken Iran Sanctions
Wall Street Journal 01/23/2008
How to Defuse IranNew York Times 12/11/2007
An internal 2006 Pemex report showing a sharp decline in production, and the situation in 2013 with Mexico a net energy importer in March 2013
08/02/2006
Mexico's oil law comes as the nation faced a crisis in declining oil production since 2006. Efforts by the newly elected PAN party Calderon administration in that year and throughout its term in office failed to open up the oil industry to foreign investment, as the PRI and the PRD opposition parties opposed this. A two thirds majority in Congress was needed to change the constitution allowing foreign oil companies to compete with state owned Pemex. The increasing oil production from shale in the U.S. and Canada has increased the urgency, and the potential in deep waters off Mexico for which Pemex needs the technology of foreign oil companies has added to this.
Linked Articles
How Shale Helped Frack Mexico's Energy Impasse
Wall Street Journal 12/12/2013
Mexico's Biggest Oil Field Sees DeclineWall Street Journal 08/02/2006
Obama's Cairo speech on June 4, 2009 to the Muslim world coincides with Moussavi taking on Ahmadinejad for his extremism in Teheran in an election debate.
06/04/2009
Moussavi debated forcefully with Ahmadinejad on Iranian television calling for good sense in relations with the rest of the world and calling Ahmadinnejad an extremist. He called Ahmadinejad's denial of the Holocaust as undermining Iran's dignity, while Obama called it baseless, ignorant and hateful. Something that could only occur in the climate created by Obama's opening of a dialogue with the Muslim world and helping melt old attitudes and perceptions.
Linked Articles
President Obama's Cairo Appeal
Washington Post 06/05/2009
Iran President and Challenger Clash in DebateNew York Times 06/04/2009
Gaps and flaws in the stress tests could cause problems later on
04/26/2009
How the Citigroup stress test conclusion does not match up with large pending losses in aworst case scenario. The ineffectiveness of the regulatory structure, as the FDIC is burdened with a large loss sharing agreement with Citigroup, but has not been able to get a change in the management at Citiigroup so that action is speeded up.
Linked Articles
Wall Street Journal 06/05/2009
The Stress Test ResultsNew York Times 04/26/2009
Child hunger in India and India's Food Security legislation in August 2013
03/13/2009
Food expert Rieff cites figures showing child malnutrition at over 40% in India for children under the age of 5 in 2009. A World Food Program report says 230 million people in India are hungry each year. India's Food Security legilation has to be seen in this context. Rieff says India is in danger of losing its demographic dividend as a result of child malnutrition. All developing countries can learn from each other and their programs to reduce child malnutrition, improve health care and vaccinations, and introduce healthy food and sanitary practices. Programs are in place in Brazil, Mexico, Indonesia, India, and China.
Linked Articles
As Indian Growth Soars, Child Hunger Persists
New York Times 03/13/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
An Alternate View of U.S., and EU relations with Russia from Gates and German public opinion
01/05/2009
A look back at former Defense Secretary Gates views about Russia in the larger context of the postwar years and what it is today, including Georgia (and Crimea) and other issues. A similiar perspective fom the German side as seen by former chancellor Kohl, Merkel, Schroeder, and Ischinger, going back to the days of Wily Brandt. Brandt was Mayor of West Berlin in the period of enormous tensions between the Soviets and the Federal Republic during the sixties and later initiated the policy of constructive engagement.
Linked Articles
Pentagon Chief Sees Opportunities In Russia and the War on Terrorism
Washington Post 01/05/2009
Germany's Angela Merkel Treads Softly With Russia's Putin On UkraineWall Street Journal 04/08/2014
With 1 in 6 mortgages or 16%, 12 millon mortgages "under water," the Feldstein Plan makes sense.
10/04/2008
Martin Feldstein, headed Council of Economic Advisers under President Reagan. His plan is to go to the root of the problem, which is the estimated 40% of mortgages expected to be worth less than market value of the home by Deutsche Bank estimates as the crisis peaks.
Linked Articles
Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water'
Wall Street Journal 10/08/2008
The Problem Is Still Falling House PricesWall Street Journal 10/04/2008
The Uptick Rule and how it could have prevented the kind of shortselling that almost killed Morgan Stanley.
10/02/2008
Shortselling, the uptick rule and the collapse in share price at Morgan Stanley and later in November 2008 at Citigroup.
Linked Articles
NYSE Chief Leans Toward Uptick Rule
Wall Street Journal 10/02/2008
Anatomy of the Morgan Stanley PanicWall Street Journal 11/24/2008
Sheila Barr, head of the FDIC, first suggested her proposal for foreclosures on April 30, 2008, about the time Feldstein made his.
04/30/2008
Martin Feldstein first made his proposal in early 2008, then repeated it in October 2008, as the crisis took a turn for the worse. Sheila Barr made her proposal public on April 30, 2008. Both address foreclosures. Later Sheila Barr implemented this when FDIC took over IndyMac bank for Indy's mortgage borrowers.
Linked Articles
Bair Proposal Seeks Government Loans To Aid Homeowners
Wall Street Journal 04/30/2008
The Problem Is Still Falling House PricesWall Street Journal 10/04/2008
FDIC Bair's proposal to aid homeowners anticipating the banking and mortagage crisis.
04/30/2008
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
Reform at Pemex and opening up Mexico's oil industry to foreign investment held up for a decade and the cost to the Mexican economy
12/19/2007
Reforms at Pemex and opening up the oil industry to foreign investment were held up in the Calderon administration after repeated efforts by the PAN party government to get the PRI and PRD's support. The final changes to the bill to make it more attractive for foreign oil companies to compete with Pemex were pushed by PAN in alliance with the PRI Nieto administration in 2013. The cost to Mexico is a lost decade in oil exploration in deep waters of the Gulf of Mexico, and a steep decline in oil revenues as Mexico turned into a net energy importer in March 2013, according to the WSJ.
Linked Articles
Economist 12/19/2007
How Shale Helped Frack Mexico's Energy ImpasseWall Street Journal 12/12/2013
Petrobras and the discovery of the Tupi offshore oil field.
11/09/2007
Brazil's large oil find in the deep waters 200 miles offshore in the Atlantic will make it an oil exporting nation.
Linked Articles
Hot Prospect for Oil’s Big League
New York Times 01/11/2008
Brazil Discovers Large Oil Reserve In Deep Waters of AtlanticWall Street Journal 11/09/2007
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