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The U.S. Supreme Court hearings on the Obama 2010 U.S. health care law and the Medicaid issue
03/29/2012
Linked Articles
Justices Question Extent of Federal Power
Wall Street Journal 03/29/2012
A Constitutional AwakeningWall Street Journal 03/29/2012
Greece's long delayed bond swap with European banks of March 9, 2012
03/09/2012
The bond swap of new bonds with long maturities reflecting a writedown of 53.5% for the old bonds with short maturities was finally achieved on March 9, 2012. By this time Greece's economy was shrinking badly and the new bonds were trading at levels that reflected the need for further writedowns only days after the deal. Prof. Cochrane at the University of Chicago and Prof. John Taylor at Stanford say French and German banks exaggerated the effects of contagion from the beginning to delay writedowns for as long as possible. The effects on the eurozone of the delays in tackling the problem early and decisively are negative or slowing growth and is likely to hurt the banks operating in that environment, raising questions about the wisdom of that strategy.
Linked Articles
Wall Street Journal 03/09/2012
Greece Passes Key Debt TestWall Street Journal 03/09/2012
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 Indian government's plan to bring the deficit down over 5 years to 3% in 2017
02/14/2012
In response to the policy of the Reseve Bank of India (RBI), India's central bank, to hold off on interest rate changes till the government takes action in reducing the deficit, the Indian government lays out a plan to bring the deficit down to 3% by 2017, and 5.3% in the fiscal year ending March 2013. The government is under pressure to come up with an economic strategy to deal with the slowing economy with growth forecasts lowered to 5-6.5% for 2012. The risk of India's credit rating being being lowered to junk status and drastic slowdown in foreign investment is creating a crisis atmosphere after a period of indecison.
Linked Articles
India Lays Out Deficit Targets
Wall Street Journal 10/30/2012
Indian Central Banker Hits His Government's SpendingWall Street Journal 02/14/2012
Increasing foreign investment in Indonesia
02/07/2012
Foreign investment in Indonesia increased by 20% to $20 billion in 2011, and continues to grow in 2012. Investment comes from Singapore, Japan and S. Korea and other countries, with investments in the countries plantations, coal mines and in factories producing consumer products for the rapidly growing middle class in a country of 240 million people.
Linked Articles
Indonesian Economy Grows at Top Clip Since '90s
Wall Street Journal 02/07/2012
Foreign Investment Jumps in IndonesiaWall Street Journal 04/23/2012
A smaller Wall Street in New York as the culture shifts towards emphasis on technology and other fields.
12/27/2011
The culture at Goldman Sachs and on Wall Street and the growing feeling that a shift to growth in other fields is a healthy development for New York and the U.S.
Linked Articles
Public Rebuke of Culture at Goldman Sachs
New York Times 03/14/2012
Wall Street Meets RealityNew York Times 12/27/2011
Need for balanced development, less inequality, and a policy shift in China to promote consumption based growth (1)- 2013-2018
11/20/2011
With a change in leadership to Xinping there comes the need for a change in economic policy. The DRC/World Bank Report outlined a new approach. Xuetong, dean at Tsinghua University in Beijing, calls on the leadership to make a shift that would be a first major shift since the opening to free markets in the 1980's
Linked Articles
Wall Street Journal 10/03/2012
How China Can Defeat AmericaNew York Times 11/20/2011
Former Fed chairman Volcker on the Volcker Rule and the ban on proprietary trading by banks
10/27/2011
Volcker's letter of comments on the Rule and the interview with Pete Rose. Here he says why this will make financial markets a safer place and why it will lead to healthy financial markets. The financial industry is opposing the Volcker Rule.
Linked Articles
Volcker to Push Back on Banks' Trading
Wall Street Journal 02/13/2012
Charlie Rose Talks to Paul VolckerBusinessWeek 10/27/2011
The Wall Street Journal calls the June 2011 E.U. plan for Greece "the French deception," and the Economist says it is doomed to failure
06/30/2011
Doubling the interest rate on loans owed by Greece to French and German banks is called "the French deception" by the Journal . The Economist sees the sharp spending cuts and tax increases having enough detrimental impact on economic growth to make the debt load larger than before.
Linked Articles
Greece and the euro: The abuses of austerity
Economist 07/02/2011
The French DeceptionWall Street Journal 06/30/2011
The health of China's economy June 2011- asset price bubble
06/08/2011
Linked Articles
The Great Property Bubble of China May Be Popping
Wall Street Journal 06/09/2011
'China Is the New Dot-Com,' Says Outgoing Securities ChiefWall Street Journal 06/08/2011
The health of the U.S. economy June 2011- banks still have large holdings of risky assets
06/04/2011
From the second quarter of 2009, to the first quarter of 2011, Cit Holdings had troubled assets come down from $582 billion to $337 billion. Like other large banks in its group Citi still has large amounts of troubled assets.
Linked Articles
AXA Arm to Buy Holdings From Citi
Wall Street Journal 06/08/2011
Banks May Need More CapitalWall Street Journal 06/04/2011
The health of the U.S. economy June 2011- housing market and construction
05/31/2011
Linked Articles
Wall Street Journal 06/07/2011
Housing Prices, Still Falling, May Be Nearing BottomNew York Times 05/31/2011
The risks to the Chinese economy of accumulated problems in the financial system
05/25/2011
A Wall Street Journal editorial that draws attention to the opaqueness of the financial system and its accummulated problems. It raises questions about how this will come out. Other expert observers have raised these questions.
Linked Articles
Wall Street Journal 05/25/2011
Beijing's Financial Day of Reckoning Is NearWall Street Journal 06/21/2011
Eliminating all Bush tax cuts to generate the revenue base to support spending programs for the middle class down the road
03/29/2012
Jared Berstein of the Economic Policy Institute, Peter Orszag, former director of the Congressional Budget Office, and Mayor Bloomberg of New York, say eliminating all Bush tax cuts would provide the revenue base needed to support middle class programs for future years. Orszag says making the tax code more progressive is desirable especially considering the inequality but this does not do much good if the revenue base to support middle class programs down the road is insufficient.
Linked Articles
Middle Class Malaise Complicates Democratsâ Fiscal Stance
New York Times 12/12/2012
Federal Budgets and Class WarfareWall Street Journal 03/29/2012
Ford to double its manufacturing capacity in Chongqing, China by 2014, making it the largest outside of Michigan
02/27/2012
Ford plans to invest $600 million to more than double manufacturing capacity in Chongqing to 770,000 by 2014. This comes at a time of major slowdown in the market in China after years of hyper growth. Ford lags behing GM and VW in China and missed some of the spurt in growth.
Linked Articles
Ford Plans to Boost Production in China
Wall Street Journal 04/06/2012
Ford Faces China HurdlesWall Street Journal 02/27/2012
The IMF's view on austerity measures, the "German hypothesis," and the British economy
02/17/2012
The IMF's view is that it could take 5 years before the breakeven point on the effects of austerity measures is reached and it turns positive. The "German hypothesis" based on German experience as an exporting nation is that the benefits come sooner in the short term. For Britain, which is not an exporting nation like Germany, the benefits from exports are likely to be limited when the rest of Europe is'seeing declining or stagnant growth. The IMF view means Britain may be faced with the costs of the Cameron-Osborne austerity measures till 2016.
Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Austerity Debate a Matter of DegreeWall Street Journal 02/17/2012
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
Larger impact on Eurozone countries of oil price increases in 2012
01/06/2012
The decline in the value of the euro increases the impact of higher oil prices in 2012. It also comes at a bad time.
Linked Articles
Fears of a 2008 Repeat for Oil
Wall Street Journal 03/18/2012
Beware Strait Talking on OilWall Street Journal 01/06/2012
Natural gas as the dominant source of new power generation capacity in 2012-2035 (1)
12/12/2011
Energy Information Administration forecast for 2010-2035 shows 58% of new additions of power generation capacity coming from natural gas. The new availability of shale gas is leading to a surge in use of natural gas. Only 4.3% will be nuclear, dampening the development of nuclear energy. Renewables will be 29%. This is a major development in how America looks at energy.
Linked Articles
Cheap Natural Gas Unplugs U.S. Nuclear-Power Revival
Wall Street Journal 03/15/2012
America's New Energy SecurityWall Street Journal 12/12/2011
The U.S. Supreme Court's review of the health care law in 2012 and the Wickard-Filburn decision of 1940
11/15/2011
In the Wickard-Filburn decision the U.S. Supreme Court unanimously ruled against an Ohio farmer, Mr. Filburn, who questioned a federal law that imposed a penalty for every extra bushel of wheat grown beyond a stipulated amount. The briefs presented by both parties present arguments about what are the limits of federal power under its powers to regulate interstate commerce and in what circumstances- with the Obama administration arguing that it imposes larger costs on people in all states if some people refuse to buy insurance.
Linked Articles
At Center of Health Care Fight, Roscoe Filburn's 1942 Case
New York Times 03/19/2012
Health Insurance and the Broccoli TestNew York Times 11/15/2011
The June 2011 European Union plan for Greece faces strong criticism for being unworkable
07/01/2011
This plans doubles the interest rate for Greece debt owed to French and German banks under a French banking proposal. Sharp spending cuts and tax increases face opposition inside Greece and their negative impact on economic growth may leave Greece with a much larger debt to GDP ratio in 2011 than in 2010.
Linked Articles
Greece and the euro: The abuses of austerity
Economist 07/02/2011
Move Buys Time for Greece, But Growing Debt LoomsWall Street Journal 07/01/2011
Greece, Europe and the Austerity Measures- "The French Deception" and "The Tragic Sideshow" (2)
06/30/2011
Two WSJ editorials tell the story for what it is in 2010-2012.
Linked Articles
Wall Street Journal 02/22/2012
The French DeceptionWall Street Journal 06/30/2011
The health of the U.S. economy June 2011- growth in manufacturing and output.
06/07/2011
Linked Articles
The Economy Is Worse Than You Think
Wall Street Journal 06/08/2011
Fed Sees Recovery LaggingWall Street Journal 06/07/2011
The health of the U.S. economy June 2011- overleveraging of financial sector, "too big to fail," and Fed's new capital reserve requirements
06/04/2011
Linked Articles
Wall Street Journal 06/04/2011
Dimon in Rough Patch With the FedWall Street Journal 06/09/2011
The health of China's economy June 2011- the opaqueness of the financial system and the risk of China not making a soft landing
05/25/2011
Asset price bubbles, loose monetary policy and inflation in China. Slowing growth and risks of a hard landing. The opaqueness of the financial system with the state, banking, industrial and real estate sectors intertwined making it difficult to get a true measure of risks building up.
Linked Articles
The Great Property Bubble of China May Be Popping
Wall Street Journal 06/09/2011
China's Growth RisksWall Street Journal 05/25/2011
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