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Tariffs and the Supreme Court Articles

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WSJ Original article ›
The Indian Express Original article ›
LyrArc Article Gist
In a video interview the Indian army chief says the tensions at the India China border in the mountainous Himalayan region arise from different perceptions of where the border is, with each side patrolling the area based on its perception of the border. In random situations both sides are patrolling the same area leading to tensions. This has happened before and is likely to happen again. Cross border discussion mechanisms between the two sides have been setup to tackle the situation of patrols.

The Indian border is defined by the McMahon line for India, and set during British times. China has its own perceptions of the border and China was further away from the Indian border till it moved into Tibet in 1950.

Washington Post Original article ›
LyrArc Article Gist
An off the cuff remark by Romney in Nashua, New Hampshire- "I like to fire people who provide services to me"- referred to health insurers that are not providing good care. Perry, Gingrich and Huntsman, the other candidates in the Republican primaries seize on this reference to firing, and another about pink slips made by Romney, to focus attention on the people Romney fired at the companies he acquired for Bain Capital. Huntsman tells reporters in Concord- "Governor Romney enjoys firing people, I enjoy creating jobs." Gingrich tells NBC's "Today" show- "Look I'm for capitalism, but if someone comes in, takes all the money out of your company and then leaves you bankrupt while they go off with millions, thats not traditional capitalism."
The New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
WSJ reporters Grant and Berzon provide an indepth account of how Donald Trump survived the worst crisis of his business career in the 1990's, as his deals involving the Taj Mahal casino in Atlantic City collapsed. By describing how Trump responded the report provides insights into Trump's manner of operating, character, and the financial maneouvring to avoid the worst effects of the crisis. It shows Trump's resilience, and also the nature of the risky business deals that led to the crises in Trump's business life.
Wall Street Journal Original article ›
LyrArc Article Gist
The U-6 Jobless rate is a comprehensive measure of labor underutilization. It includes people who have stopped looking for work and people who work part-time but prefer to work full-time. The U-6 is adata classification of the Labor Department which issues these figures. The jobless rate was 9.6% for the USA, the U-6 rate reached 17.1% in September 2010.
Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Shayndi Raice of the Journal interviews CEO Mark Zuckerberg, and COO Sheryl Sandberg, of Facebook, before the company's IPO.
Washington Post Original article ›
LyrArc Article Gist
Gordon Brown, former prime minister of Britain from 2007 to 2010, chaired the April 2009 G-20 meeting that came up with ways to tackle the global financial crisis. Brown also led the way by recapitalizing British banks, a step the U.S. followed. He comments on the volatility in financial markets in August 2007 following the S&P credit downgrade of the U.S.. Brown gives an incomplete grade to the tasks the 2009 G-20 set out to accomplish. He points to three goals the G-20 had set in the middle of the financial crisis in April 2009. The first was to prevent a recession from becoming a depression. The other two were to establish a financial stability regime, and a compact for growth. These two became paper promises says Brown. Brown sees the best approach to prevent a lost decade is for U.S. and Europe trading their way out of a downturn as the Asian market absorbs more industrial goods from Europe and the U.S. This includes policies that would keep commodity prices low and ways of coping with currency shocks. Analysts have pointed to an export led recovery as one of the solutions the U.S. was hoping to achieve with a lower value of the dollar. This has had only limited success because of deep structural problems- high consumer indebtedness, bad debt at the banks, weak housing sector following the mortgage crisis, and a rising U.S. deficit- which will take some time to clear. Brown does not come to grips with these underlying imbalances built up during the boom years of the last decade, both in Britain and in the U.S., during which he was the finance minister of Britain....
New York Times Original article ›
LyrArc Article Gist
Russia does not face the risks it faced in 2008 when $80 billion was owed to western and other foreign lenders, according to the chief economist of financial firm Otkritie. This debt has been brought down by paying down much of it and extending the maturities. In the fourth quarter of 2011, about $35 billion will be coming due. Russia still faces a serious risk from another direction. Every $10 drop in the price of a barrel of oil reduces Russia's GDP by 1%, according to Kingsmill Bond, chief Russia strategist for Citigroup. Government spending has increased rapidly and the government estimates it would take an oil price of $120 a barrel to generate enough tax revenues from the oil export tariff and mineral extraction fees to balance Russia's budget in 2011. The government needs to borrow the extra money from domestic and foreign investors. A slowing global economy could mean significantly lower prices than the current price of $87 a barrel on August 17, 2011.
The Guardian Original article ›
LyrArc Article Gist
The writer is Andrew Pollard, the Director of the Oxford Vaccine Group, Oxford University. The Oxford vaccine also called the Astra Zeneca Vaccine ( Covishield in India) was developed through the efforts of Oxford Vaccine Group. The return of polio to Britain shows how little one can take for granted- nothing is certain, it happens only when we make it happen with our own patient efforts, our wisdom, foresight, learning from the lessons of the past, and working together.

New York Times Original article ›
LyrArc Article Gist
Glenn Hubard, dean of the Columbia Graduate School of Business, and Bill Gross of PIMCO, see the need for government to provide solutions in the unemployment crisis. Hubbard is for worker retraining, help to community colleges, and Bill Gross is for infrastructure building efforts and new investments in energy, and other areas.
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Jan Corzine will tell the House Agriculture Committee in hearings today in prepared testimony: "I simply don't know where the money is," and that "there were an extraordinary number of transactions during MF Global's last few days." Trustees looking at MF Global liquidation say about $1.2 billion is missing from customer accounts. MF Global made extraordinary bets on European sovereign debt of Italy, Spain and Portugal and other countries of over $6 billion. He says he reduced the leverage of the firm from 37 to 1 in early 2010 to 30 to 1 in late 2011. He says there were discussions where his strategy was debated and that it was prudent strategy to make these investments. He lobbied the CFTC on the issue of whether there should be a ban on futures firms swapping customer funds for higher yielding assets such as government bonds, because these transactions would benefit futures commission merchants. There are questions of conflicts of interest because CFTC head Gary Gensler and Jan Corzine both worked closely at Goldman Sachs....
New York Times
Wall Street Journal Original article ›
LyrArc Article Gist
Zweig, Light and Pleven reflect on the experience of the last 5 years in the stock market. Investors who went through severe anxiety for higher investment allocation in stocks in 2009 now feel the opposite for low investment allocation in stocks. What does one make of this, and what have we learned, is the question posed. One lesson is that investors should be wary of relying too much on predictions. At one point predictions of Goldman Sachs and other bank economists was for the S&P at 1250 at the end of 2012, when it was 1421 in April 2012. The eurozone crisis and the sluggish U.S. job growth, debt overhang, were major factors in their assessment. The eurozone recovered faster than expected and the Iranian nuclear crisis risks were reduced through negotiations. QE 1, QE 2, QE 3 by the U.S. Fed under Bernanke provided support to the market. Banks recovered faster than expected with help from the Fed. Another lesson is that this can happen with higher volatility, 900 point drops occured in May 2010 and there were drops in April 2012 and other dates. Zweig gives April 2011 as a date for the start of a 5 month bear market, citing Oct 4, 2011 as another date with the market dropping 21% from the April 2011 peak. Another lesson is that performance statistics can play tricks, a month or a year can make a big difference. If 2013 is not included the statistics look very different, if 5 years go back to Feb 2009 when there was a 11% decline instead of March 2009 when there was a 9% improvement the numbers change quite a bit. Another lesson is that macroeconomic news played a major part in the story of the stock market in 2009-2014 and continues today, with continuing support and vigilance from the U.S. Fed and the ECB. The bad news from the eurozone throughout 2011 and into 2012, and sluggish job markets in the U.S., took a positive turn in 2013. The U.S economy is improving and the eurozone is returning to growth gradually in 2014. Because of different timing in their recovery P/E ratios are higher in the U.S., than in Europe....
WSJ Original article ›
LyrArc Article Gist
The return of women to the workforce is tapping into the US economy's underlying strength, its services sector, even as rising inflation and higher interest rates pose recession risks, says the WSJ. In the competition for a limited pool of workers women are also getting pay raises, which in turn supports increased consumer spending and economic growth. More women in the workforce will ease worker shortages and help cool inflation. Still barriers remain. About 5 million people were not working because of children who are not in childcare or school, according to the US Census Bureau.

Wall Street Journal Original article ›
New York Times Original article ›
LyrArc Article Gist
The government's rescue of Fannie Mae and Freddie Mac has so far cost $145.9 billon. According to the Congressional Budget Office its eventual cost could reach $389 billion. The federal government has put the companies on conservatorship and has a 79.9% stake in the companies. The federal governmet also provides a guarantee that investors will be repaid. By buying loans from banks and other companies that originate loans, Fannie and Freddie were ostensibly in the business of promoting home ownership. The implicit governmet guarantee of Fannie and Freddie's activities in the housing market had the potential to create a huge government liability if the activities are not run well, and this is exactly what happened. By pushing hard for increasing home ownership to unsustainable levels - setting a target in 2001 of creating six million homeowners by 2014 for instance way beyond what was sustainable for the finances of prospective homeowners- it only fueled speculation, easy money and a bubble in housing in the U.S. As investors get paid with the government guarantee, it is Fannie and Freddie that is ending up with ownership of foreclosed homes- one every 90 seconds in the the first quarter of 2010, according to an estimate. The two companies owned 168,000 homes in March 2010....
Washington Post Original article ›
New York Times Original article ›
LyrArc Article Gist
The concerns raised about the manner in which internet service providers make decisions about what constitutes "hate speech." The need for oversight and public scrutiny over these decisions so that they do not remain opaque, as in the case of the anti-Islamic video of Sept 2012. Tim Wu of Columbia University raises questions about the need for more clarity on how these decisions are made. Other concerns raised relate to preserving public safety.
BBC Sport Original article ›
LyrArc Article Gist
Bayern Munich in Champions League semi-finals 2026. Bayern's Neuer in semifinals against Real 2026 helps Guler get the first goal in first 4 minutes.

Wall Street Journal Original article ›

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