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Krugman and Feldstein provide different views on the Fiscal Compact agreement for the Eurozone
04/05/2012
Krugman calls the austerity measures in the Fiscal Compact a form of suicide at a time of high unemployment in coutnries like Spain. Feldstein says the Fiscal Compact does not provide strict spending limits to fix Eurozone finances, with language that allows for exceptions.
Linked Articles
New York Times 04/15/2012
Europe Needs the Bond VigilantesWall Street Journal 04/05/2012
Deutsche Bank's hit to its image in Germany with legal settlements and ongoing investigations 2009-2013
03/21/2012
The criminal investigation into alleged tax fraud in trading of carbon emissions certificates, the raid at Deutsche Bank's Frankfurt headquarters in Dec. 2012, and arrest of some senior executives, continues problems with the bank's image in Germany since the 2008 financial crisis. Deutsche Bank's was highly leveraged during the 2008 financial crisis and is perceived as contributing to the crisis. Changing the culture at the bank is likely to take more than the introduction of the new co-CEO arrangement in mid 2012 with Anshu Jain and Jurgen Fitschen, say experts. Germany's judiciary was critical of Fitschen for not respecting the independence of the judiciary and understanding the separation of powers for a call he made protesting the raid in the investigation.
Linked Articles
Image Remake Suffers Hit at Deutsche Bank
Wall Street Journal 12/20/2012
Deutsche Bank Lists Litany of Legal RisksWall Street Journal 03/21/2012
The U.S. Federal Reserve's March 2012 U.S. bank stress tests and the questions about overoptimistic assumptions
03/14/2012
Experts question the the overoptimistic assumptions for losses on home equity lines of credit, second lien mortgages and legal settlements. The capital ratios for the banks shown under the stress tests of 3-4% indicate high levels of leveraging, one of the principal causes for the banking crisis of 2008-2009.
Linked Articles
Stressing the Bank 'Stress Tests'
Wall Street Journal 03/14/2012
Questions as Banks Increase DividendsNew York Times 03/14/2012
The risks facing Spain in 2012 with austerity measures when unemployment is at 23%
03/06/2012
Finance Minister Luis de Guindos sees Spain loosing either way with spending cuts that worsen high unemployment and lower economic growth leading to a worsening debt to GDP ratio in 2012, and this situation in turn raising its borrowing costs on $86 billion in debt issuance for 2012. He estimates the debt to GDP ratio will increase under the 2012 budget of 27 billion euros in cuts and an economy shrinking by 1.7% in 2012, by 10% from 2011 to 78%. Markets are focussing on debt in Portugal and Spain in 2012, after focussing on Greece and Italy in 2011.
Linked Articles
Spain Faces Risks in Budget Refit
Wall Street Journal 04/03/2012
Spain Struggles to Unite Regional Leaders on CutsNew York Times 03/06/2012
Greece and EU in 2015- (4) How are the structural issues such as tax evasion in Greece being tackled, after Monti's effort to tackle this in Italy in 2012?
02/18/2012
Surprisingly the Syriza government in 6 months in office did not come up with a plan to implement for tax evasion. This was a major issue for the IMF and in Greece's interest, even though it was going contrary to long standing practice in Greece as it was in Italy. Estimates of lost revenue are about $11 billion each year for tax evasion. By comparison the IMF payment due was less than $2 billion on June 30, 2015. Sustainable long term finances make this a major issue in Greece's own interest. Greece has an aging population and the number of retirees are growing in relation to young working people making this an important issue for stable finances under any administration, and regardless of the euro.
Linked Articles
How Greek tax evasion sunk the global economy
Washington Post 07/10/2012
A Hollow Target for Greek DebtWall Street Journal 02/18/2012
The views of Condoleeza Rice and Vladimir Putin on Russia's evolution through democratic processes
02/09/2012
Rice points out that diversification of the economy away from oil utilizing Russian technological capabilities will help Russia move away from the corruption of a resource based economy and build a healthy democratic setup. Putin says he recognizes the need for democratic processes to keep pace with the development of civil society and the growing middle class, but emphasizes that democracy cannot be built overnight, and places a higher priority on what he calls the "sovereignty of the people," the right to work, the right to education and free medical care.
Linked Articles
How Russia’s urban middle class can bring an end to Putinism - The Washington Post
Washington Post 03/09/2012
Vladimir Putin: My vision for a better Russia - The Washington PostWashington Post 02/09/2012
Spain's high jobless rate of 23% in 2011 and new labor laws to make it easier to hire workers
01/28/2012
Linked Articles
In New High, Spain's Jobless Rate Nears 23%
Wall Street Journal 01/28/2012
Spain Approves Changes to Labor PolicyNew York Times 02/10/2012
The point back in 2011 when the beginnings of the unraveling of Iraq (and Syria) took place- Former U.S. Defense Secretary, Robert Gates's reference to the role of Iraq's prime minister Nuri al-Maiki and sectarianism
12/27/2011
Linked Articles
How to Save Iraq From Civil War
New York Times 12/27/2011
The U.S. Has No Global StrategyWall Street Journal 02/01/2016
Slowing growth, high inflation and lack of foreign investment limit India's growth potential in 2012-2013
11/25/2011
A combination of higher inflation, muddled political leadership that is limiting foreign investment in retail and other sectors, and high energy costs is limiting economic growth in India to annual GDP growth of 7% in 2012-2013
Linked Articles
Stress on Economy Prompts India to Revive Controversial Plans
Wall Street Journal 12/01/2011
With Economy Slowing, the Indian Rupee TumblesNew York Times 11/25/2011
Convergence of ideas on deficit reduction around Simpson-Bowles and limiting tax expenditures and deductions
11/17/2011
Limiting tax deductions, loopholes to say $35,000 for high income earners goes further than earlier proposals from Obama advisors to limit tax deductions to 28% in distributing the tax burden more equitably. Obama advisor, Christina Romer, and Romney advisor Feldstein, support limiting tax deductions in this way to help reduce the deficit, creating the basis for an agreement between Republicans and Democrats.
Linked Articles
Budget Showdown Offers an Opportunity for Progress
New York Times 11/10/2012
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington PostWashington Post 11/17/2011
Reagan-Bush and Obama on immigrants- A Reality Check
09/29/2011
A Better Way. The question of who was more humane in their response is one for the public in a nation of immigrants. Bush and Reagan stood up for the state paying for illegal immigrant children getting schooling in the straightforward honest way to a difficult question in the primary debates years ago. There is no empty rhetoric when Bush says he does not want 6-8 year old children to live in fear and deprived of an education thinking they were living outside the law. And Reagan points out that rather than talk of putting up a fence lets work out our mutual problems with Mexico. The elder Bush goes further and stands up for immigrants in a way that the country has not seen for a long, long time. "They are good, strong people," he says, and "part of my family is Mexican."
Linked Articles
Wall Street Journal 09/29/2011
More Deportations Follow Minor Crimes, Records ShowNew York Times 04/06/2014
Pearlstein and Krauthammer offer policy and solutions that would help the U.S. navigate a difficult period.
08/05/2011
Pearlstein offers policy and solutions on the economy grounded in realities, and Krauthammer offers policy and solutions on the deficit based on fairness and efficiency. Nye suggests policy and solution for defense spending.
Linked Articles
How the super-committee can strike a Grand Bargain - The Washington Post
Washington Post 08/05/2011
Steven Pearlstein: The global economy comes to the end of its string - The Washington PostWashington Post 08/05/2011
Joseph Nye and David Stockman offer alternative views on U.S. defense spending and strategies for the future
08/04/2011
Linked Articles
The Right Way to Trim Military Spending
New York Times 08/04/2011
Tom Keene Talks to David A. StockmanBusinessWeek 08/04/2011
The absence of solutions to the underlying problem of increasing U.S. health care costs in fiscal cliff deficit negotiations
04/03/2012
Without a new approach to increasing health care costs, especially considering the demographic changes in the U.S. with more people on Medicare in future years, the problems of defunding other areas such as education, R&D, and infrastructure, to fund these increases is likely to continue. Estimates show that the 50 million Americans enrolled in Medicare in 2012 will grow to 80 million by 2030, according to the Medicare program actuaries. Demographic changes as the baby boom generation ages mean more Americans relying on Medicare and Medicaid. With continually increasing health care costs from costly technologies, increasing of diabetes, asthma and other diseases, pricing in the medical industry, and some fraud costs, this is a toxic mix that will lead to to a situation where one of three dollars in spending get swallowed up here.
Linked Articles
Beneath Budget Battle, a Health-Spending Juggernaut
Wall Street Journal 12/17/2012
What to Do on the Day After ObamaCareWall Street Journal 04/03/2012
The March 2012 U.S. Federal Reserve U.S. bank stress tests and the continuing problem of highly leveraged banks
03/14/2012
Linked Articles
Stressing the Bank 'Stress Tests'
Wall Street Journal 03/14/2012
Stress Tests Buoy U.S. BanksWall Street Journal 03/14/2012
The Apple iPad's pricing strategy and the phenomenal sales achieved in 2011-2012
03/06/2012
Sales volumes high enough to make tablets surpass PC's by 2015, according to some estimates.
Linked Articles
Apple’s iPad price hits a sweet spot between popularity and profits - The Washington Post
Washington Post 03/06/2012
Apple Updates iPad With Some RefinementsNew York Times 03/07/2012
John Cochrane on how to build a truly open competitive system of healthcare the day after Obama healthcare
03/05/2012
Cochrane points to regulations and laws that support high prices of medical carein the U.S., by reducing competition and restricting supply of doctors and suppliers of medical care. He says the mandate most likely would not even be necessary under such a system because the costs of healthcare in the U.S. would be so much lower.
Linked Articles
What to Do on the Day After ObamaCare
Wall Street Journal 04/03/2012
Why an MRI costs $1,080 in America and $280 in France - The Washington PostWashington Post 03/05/2012
Policy response in Spain and France to increasing temporary workers and high youth unemployment- 2012-2013
02/10/2012
Linked Articles
France Pins Hopes on Youth Jobs Plan
Wall Street Journal 12/25/2012
Spain Approves Changes to Labor PolicyNew York Times 02/10/2012
High used car prices and resale values in the U.S. in 2012-2013
02/06/2012
Linked Articles
That Car in the Driveway Is Now Worth More
Wall Street Journal 08/01/2012
Used-Car Prices ClimbWall Street Journal 02/06/2012
Obama's 2012 presidential campaign and weak support from financially struggling white voters
01/13/2012
By a 26% margin financially strapped white voters affected by high unemployment favor Romney over Obama. This is wider than the 18% margin by which Obama, Kerry and Gore lost this group in prior elections. It will be crucial in states such as Ohio, Pennsylvania, Wisconsin and Michigan which were hard hit by the economic downturn.
Linked Articles
Romney holds key advantages among financially struggling white voters - The Washington Post
Washington Post 05/25/2012
White Blue-Collar Vote May Be Crucial in ElectionNew York Times 01/13/2012
Tax evasion in Italy and Greece and Germany's insistence on good governance and financial practices for a sound euro currency
11/25/2011
One estimate of tax evasion in Italy cited by Faiola in the Post is $340 billon a year. Greece has a similiar problem. This is one area in which the culture and practices of individual countries have to converge to acceptable norms to make a common currrency viable, something the founders of the euro currency did not take as seriously as needed and account for in a disciplined framework. The political enthusiasm for a union of European countries of EU founders led to ignoring the dangers of not having controls and convergence in place.
Linked Articles
New York Times 12/01/2011
Amid crisis, Italy confronts a culture of tax evasion - The Washington PostWashington Post 11/25/2011
The huge disparity betwen Mexican American high school dropout rates nationwide and in New York city, and the abysmal college enrolment rate
11/24/2011
Semple cites census data showing about 40% dropout rate for the Mexican American immigrant community in New York city, with no other minority community having more than a 20% dropout rate. The college enrollment rate for the Mexican American immigrant community is cited as ony 6% and cause for alarm considering the large Mexican American immigrant community in New York and and nationwide. This is much worse than the rate for the Mexican American community in the U.S. and for Hispanics in the U.S. as The recent Pew Hispanic Center study shows a 76% high school completion rate and a 46% college enrollment rate for U.S. Hispanics 18-24 years with a high school diploma for 2011.
Linked Articles
Mexicans in New York City Lag in Education
New York Times 11/24/2011
Hispanics' College Enrollment Surges, Report FindsNew York Times 08/20/2012
How the Sony-Ericsson mobile joint venture turned out to be a big mistake for Sony
10/06/2011
The CEO of Ericsson says Ericsson's strengths are not in the areas Sony needs for developing smartphones to compete with Apple and Samsung. The joint venture was made at a time when Nokia dominated the mobile phone market. This changed with the smartphone a decade later. Critical to Samsung's success in smartphones was speedy decision making and company wide manufacturing capabilities. Sony-Ericsson's glaring weaknesses were in these two areas. Sony acquired Ericsson's stake and now faces the challenge of tackling entrenched competitors starting with its home market.
Linked Articles
Sony Stakes Recovery on New Smartphone
Wall Street Journal 03/01/2013
Sony Nears Deal to Buy Out Ericsson From Joint VentureWall Street Journal 10/06/2011
Harvard labor economist Lawrence Katz's solutions to the job crises and high unemployment in the U.S.
09/06/2011
Katz suggest a number of steps including a subsidy for companies creating new jobs. A form of this subsidy is used in Germany with the "kurzarbeit" program which preserves jobs in a downturn. Katz reminds us that there are three job crises facing America- long term unemployed not reflected in government unemployment figures, effects of foreclosures and debt, and the impact of automation with lower job creation in manufacturing. A sustained andmultipronged approach over a number of years is needed and no single panacea or misguided optimism will work.
Linked Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Help Displaced WorkersNew York Times 09/06/2011
The policy an solutions for the U.S. and Europe offered by Pearlstein (on the economy), Krauthammer (for deficit reduction), and Nye (for defense).
08/04/2011
The sensible solutions for attacking problems the U.S. and Europe face on the economy, debt and deficit reduction, and on defense needs. Nye uses ideas from U.S. President Eisenhower, Krauthammer uses efficiency anf fairness and ideas of the Bowles-Simpson Commission , and Pearlstein uses a grounded approach. Nye in the New York Times, Pearlstein and Krauthammer in the Washington Post, on August 5, 2011, in the midst of considerable uncertainty and anxiety about the future.
Linked Articles
The Right Way to Trim Military Spending
New York Times 08/04/2011
Steven Pearlstein: The global economy comes to the end of its string - The Washington PostWashington Post 08/05/2011
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