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Auditor General and Supreme Court three panel bench in India agree that there was an improper allocation of coal licenses in India
12/28/2012
India's Supreme Court confirms in August 2014 an earlier report by the Auditor General about improper allocation of coal licenses under the Congress party administration of former prime minister Manmohan Singh. Because this is in a strategic sector of energy where India has fallen behind it has many implications for declining economic growth.
Linked Articles
India Allocated Coal Fields to Private Companies Illegally, Top Court Rules
New York Times 08/25/2014
India’s chief auditor leads battle against corruption - The Washington PostWashington Post 12/28/2012
Obama advisor, Christina Romer, and support for Simpson-Bowles recommendations on limiting deductions
11/10/2012
The Feldstein, Romney proposals based on the ideas of the Simpson Bowles Commission of limiting tax deductions finds convergence with Obama economic advisor, Christina Romer's support for Simpson Bowles recommendations after the 2012 presidential elections.
Linked Articles
Democrats Like a Romney Idea to Cap Tax Deductions
New York Times 11/12/2012
Budget Showdown Offers an Opportunity for ProgressNew York Times 11/10/2012
Dangers facing Turkey's economy with its dependence on foreign capital inflows and excessive growth in domestic credit for growth
10/04/2012
Foreign capital inflows that partly support the sharp growth in domestic credit could slow or reverse as happened in the 1997 Asian financial crisis. The IMF sees a credit to GDP ratio of over 5% as a warning light for developing economies. The IMF forecast is for this rato to be 7.28% for Turkey in 2103.
Linked Articles
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Syria Isn't Turkey's Only External WorryWall Street Journal 10/04/2012
Canada's DBRS, a little known credit ratings firm that made a large difference for the credit ratings of Italy and Spain
08/09/2012
Canada's DBRS put less weight on the political shifts in Italy and more on the low growth rate. It rated Italy A (low) in November 2013, much higher than the ratings given by Moody's and S&P. This was important in the eurozone crisis because the European Central Bank uses the highest rating on a sovereign country's bonds to decide discounts on collateral pledged by banks to the ECB. DBRS has more faith in the lasting value of the euro and sees through the ups and downs of the crisis. It takes a similiar upbeat long term view of Spain. DBRS has credibility because it did not move ratings up as much before the 2008 financial crisis, and did not move the ratings down as much during the crisis, as the large credit ratings firms.
Linked Articles
Wall Street Journal 08/09/2012
The Key to Italy's Rating Is Kept in CanadaWall Street Journal 11/02/2013
The view that with P5+1 talks with Iran ending in no agreement, the crisis with Iran is reaching a critical stage in August 2012
08/06/2012
Israeli views on the continued development of nuclear weapons capabilities by Iran in the face of tightened sanctions and diplomatic efforts. Oren and Yadlin see this has having reached a critical stage before military action.
Linked Articles
Get ready to fight Iran - The Washington Post
Washington Post 08/18/2012
Time Is Short For Iran DiplomacyWall Street Journal 08/06/2012
New GASB, Moody's rules show a widening gap in the funding of public pensions in the U.S.
07/18/2012
The Volcker- Ravitch State Budget Crisis Task Force identified the problems facing U.S. states and cities which have poorly funded public pension funds. The problems are large and real as seen through the GASB rules, and the findings of the Volcker-Ravitch Task Force.
Linked Articles
New rules expose bigger funding gaps for public pensions - The Washington Post
Washington Post 08/17/2012
Report Details Threats to States' Fiscal HealthWall Street Journal 07/18/2012
Tackling food insecurity in India and Pakistan- use of metal storage containers instead of jute bags or mud silos (2)
06/23/2012
Linked Articles
Hungering for a Solution to Food Losses
Wall Street Journal 12/25/2012
Indian Fiber Weaves a CrisisWall Street Journal 06/23/2012
Four Rules for Tackling the Economic Crisis and how actions by Britain and France differ from Spain
06/01/2012
Linked Articles
France Raises Taxes in Tough Budget
Wall Street Journal 09/28/2012
Bank-Bailout LessonsWall Street Journal 06/01/2012
Junichiro Koizumi joins Naoto Kan in opposition to nuclear energy after visiting a waste facility in Finland
05/28/2012
Linked Articles
New York Times 12/02/2013
Japan's Ex-Premier, Naoto Kan, Condemns Nuclear PowerNew York Times 05/28/2012
Criticism of Japan's central bank on the lack of an activist monetary policy to support economic growth 2010-2012
05/07/2012
Shinzo Abe of the LDP, the leading candidate for prime minister after general elections in Dec. 2012, says he will appoint a new central bank chief who supports an activist monetary policy. Abe supports the BOJ setting an inflation target of 2% compared to the 1% under current Bank of Japan chief Shirakawa. Both the governing DPJ and the LDP parties are strongly critical of Shirakawa and prefer to see an activist stance against deflation similiar to the one Ben Bernanke is taking against unemployment in the U.S. Abe returns to power after becoming LDP prime minister following the government of Junichiro Koizumi.
Linked Articles
Vote Challenges Japan's Central Bank
Wall Street Journal 12/13/2012
Pressure Rises on BOJ to Reach Inflation TargetWall Street Journal 05/07/2012
Problems India faces in increasing power growth as its national power grid fails in 2012
04/19/2012
Problems include shortage of funds to finance imports of coal and energy and the failure to increase production at Coal India.
Linked Articles
India Mulls $10 Billion for Fund on Energy
Wall Street Journal 04/25/2012
India Struggles to Dig Up Enough Fuel to Power GrowthNew York Times 04/19/2012
How a law from the 1980's requiring use of jute bags for storage creates problems for food storage in India (1)
04/13/2012
Linked Articles
India's Grain Storage Comes Up Short
Wall Street Journal 04/13/2012
Indian Fiber Weaves a CrisisWall Street Journal 06/23/2012
Increasing risks of the Cameron-Osborne austerity measures in Britain as growth shrinks in 2012-2013
03/28/2012
Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Britain's Economy Contracts More Than PredictedNew York Times 03/28/2012
The influence of Yale Professor James Tobin on Janet Yellen as she shapes Fed policy to tackle U.S. unemployment
12/13/2012
Linked Articles
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
A Fed Bank President's Idea Comes to LifeWall Street Journal 12/13/2012
Russian president Putin and BP's 20% stake in Rosneft
10/18/2012
Putin sees the larger British ownership stake in Rosneft a offering more stability to the company. This also provides Russia with a reliable partner on other projects and access to new technology. Putin defended the deal for Rosneft to acquire TNK-BP because of the endless conflicts between the partners, which he says he warned against at the outset. He pointed to the 50-50 ownership arrangement in TNK-BP as inherently unstable leaving no one in control.
Linked Articles
Moscow Had 'Mixed Feelings' on TNK-BP Deal, Putin Says
Wall Street Journal 10/25/2012
BP Nears Deal to Sell TNK-BP StakeWall Street Journal 10/18/2012
David Walker, the new chairman of Barclays Bank in 2012- the man to set Britain's banking on the right path
08/09/2012
Linked Articles
A True Brit Is the Choice by Barclays
Wall Street Journal 08/10/2012
Barclays New Chairman’s on What a Chairman Should BeWall Street Journal 08/09/2012
Britain and the huge morale boost from the 2012 London Olympics
08/06/2012
Linked Articles
British Are Unexpectedly Proud and Excited About Olympics
New York Times 08/11/2012
At London Olympics, British pride surges with medal count - The Washington PostWashington Post 08/06/2012
The failure of India's power grid in 2012 and the need for investment in power plants and energy sources
07/31/2012
Linked Articles
Power Failures Hit Millions in India
New York Times 07/31/2012
India's Power Network Breaks DownWall Street Journal 08/01/2012
Ireland sees hope in the June 28, 2012 EU deal for direct aid from the European rescue fund to banks
06/29/2012
Ireland is the only country that took on all the debt of its banks during the eurozone financial crisis. This makes the June 28 deal a particularly helpful sign for Ireland to reduce its debt load.
Linked Articles
In Ireland, Hope of Retroactive Relief
Wall Street Journal 06/29/2012
European leaders agree to use bailout fund to help banks - The Washington PostWashington Post 06/29/2012
Accelerated development of nuclear energy in India and China in 2013-2020
06/06/2012
Over tenfold increase in nuclear energy capacity planned in India and fivefold in China by 2020. Safety practices being put in place after the Fukushima nuclear disaster, energy shortages in India, and excessive coal generated pollution in China, give a new perception of the importance of nuclear energy in the energy mix for the two countries.
Linked Articles
India Starts Nuclear Reactor After Lengthy Delays
Wall Street Journal 10/23/2013
China Nuclear Firm Plans Up to $27 Billion IPOWall Street Journal 06/06/2012
The July 2012 Report by an independent parliamentary panel on the Fukushima nuclear plant disaster and prime minister Naoto Kan's testimony
05/28/2012
The report calls the disaster "a profoundly man-made event," and "a disaster 'Made in Japan,' " citing cultural factors that contributed to the accident. It is sharply critical of TEPCO and the Japanese government's response. Both the report and the testimony of the prime minister at the time of the accident, Naoto Kan, refer to the 'nuclear bloc' or 'nuclear village' in Japan that promotes nuclear energy. Some of its actions are dangerous to safety, such as locating the nuclear safety agency NISA inside the same ministry that promotes nuclear power, a critical flaw. Ironically Germany made the decision to make a gradual shift out of nuclear power after looking at the Fukushima nuclear plant disaster and near collapse in Japan, while Japan is reactivating its nuclear plants to meet energy needs without having obtained public confidence in the system of nuclear energy including the essential safety actions. The result is a profound credibility gap about the nuclear plant industry, and public opposition in Japan.
Linked Articles
Report blasts Japan’s preparation for, response to Fukushima disaster - The Washington Post
Washington Post 07/06/2012
Japan's Ex-Premier, Naoto Kan, Condemns Nuclear PowerNew York Times 05/28/2012
Alexei Kudrin and other experts see the potential for a deep economic and political crisis in Russia as the situation in the eurozone worsens
05/23/2012
The Center for Strategic Studies in Moscow was prescient in predicitng political dissatisfaction before parliamentary elections. The former finance minister, Alexei Kudrin, anticipated the 2008 global financial crisis and set aside reserves in the sovereign wealth fund to cope with the crisis. Both now see the potential for a worsening economic and political situation in Russia as Greece nears exit from the eurozone and the banking crisis in Europe leads to reduced loans to Russia. At the same time the political polarization in Russia between pro and anti Putin factions creates other tensions.
Linked Articles
Report Says Support for Putin Is Dropping
Wall Street Journal 05/23/2012
Russian Recession Could Prompt Political Woes, Report SaysNew York Times 05/24/2012
The looming energy crisis in India in 2012-2013
04/19/2012
Shortages of coal and energy supplies place a constraint on India's growth.
Linked Articles
India Mulls $10 Billion for Fund on Energy
Wall Street Journal 04/25/2012
India Struggles to Dig Up Enough Fuel to Power GrowthNew York Times 04/19/2012
The IMF's signal of caution for austerity measures in Spain in April 2012, saying a gradual approach to deficits is best considering the risks
04/18/2012
The IMF's words of caution also apply to austerity measures being undertaken in Great Britain.
Linked Articles
IMF Says Recovery Remains Fragile
Wall Street Journal 04/18/2012
Spain Dips Back Into Recession, Banker CautionsWall Street Journal 04/18/2012
India's import bill for energy supplies and its problem with a rising current account deficit
04/11/2012
A sense that India has not managed globalization as well as it should have, is the view expressed by India's central bank governor, Devi Subbarao, at a IMF discussion with Charlie Rose and central bank governors from Mexico and Sweden, Lagarde and and Christina Romer on April 20, 2012 at IMF headquarters. One facet of this is the rising current account deficit, declining foreign investment, and shortages of coal and other energy supplies.
Linked Articles
Wall Street Journal 04/26/2012
India Grapples With Soaring Energy CostsWall Street Journal 04/11/2012
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