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The economic patterns that are causing the middle class to shrink over two decades remain stubbornly in place, and the factors that have compounded this in recent years also remain unaddressed.
Linked Articles
Obama, in State of the Union, makes case that middle class is job one - The Washington Post
Washington Post 02/13/2013
Growth isn’t enough to help the middle class - The Washington PostWashington Post 02/14/2013
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
Linked Articles
Rise of Young Leaders Signals a Mandate for Political Change in Italy
New York Times 12/10/2013
Italyâs Center-Left Heads for a Runoff in LeadershipNew York Times 11/26/2012
Both writers use fictional characters to vent people's anger at arrogant officials from the government and party- this predates the communist regime and goes back to the days from the earlier part of the twentieth century down to the present day.
Linked Articles
The Deeply Odd Lives of Chinese Bureaucrats
Wall Street Journal 03/14/2013
Mo Yan Mines a Deep Well of Material in ChinaNew York Times 10/11/2012
ECB chief, Mario Draghi made the famous statement on July 23, 2012, that he would "do whatever it takes" to bring down the yields on the government bonds of Italy and Spain. These bond yields had reached 7.5%, worsening the debt position of the two countries. A year later in August 2013 the bond yields were down, the gap with German bond yields narrowed, and the first signs of recovery in the eurozone made investment in the bonds of Italy and Spain attractive. Emerging market debt faced the opposite of what they faced in July 2013, as the currencies of India, Indonesia, Malaysia, Turkey, Brazil and other developing countries depreciated significantly. As the U.S. Federal Reserve begins its pull back from its monetary easing policy capital flows and foreign investment to to emerging markets reversed causing grief in countries which depended on these inflows to finance deficits in the current account.
Linked Articles
How ECB Chief Outflanked German Foe in Fight for Euro
Wall Street Journal 10/02/2012
Europe Bonds May Offer More ValueWall Street Journal 08/23/2013
A brief history shows the Alawite community constitutes about 13% of the population in Syria and live mainly in the coastal region near the Mediterranean. Under the French Alawites generally supported the colonial regime and the community was used by the French colonial regime to act as a buffer as they ruled a predominantly Sunni population. The Alawites joined the military and Hafez Assad, an Alawite general, seized control in 1971. His son now rules Syria. The Obama administration has largely missed the struggle of the people for freedom from dictatorships in Syria and Egypt under Mubarak.. With Turkey and Egypt supporting the young people in Syria, the U.S. investment is minor in military and other support compared to the cost of letting the war continue with unintended consequences for the entire region.
Linked Articles
New York Times 11/13/2012
Assad Draws Shock Troops From Elite Sect in SyriaWall Street Journal 08/28/2012
Ted Cruz is likely to be the new Senator from Texas. Ted's parents immigrated from Cuba. He worked for Chief Justice Rehnquist as a young law school graduate and was Solicitor General of Texas.
Linked Articles
Republican Senate Candidate in Texas Is Known as an Intellectual Force
New York Times 08/01/2012
A Tea-Party Favorite Wins Texas RaceWall Street Journal 08/01/2012
These cities are being squeezed by high unemployment and declining incomes from lower paid manufacturing jobs. This makes college education more elusive than ever, and much worse so with the over $1 trillion in college debt in the U.S with spiralling cost of higher education. Vocational training in higher paid fields for families that cannot afford college and children who are not likely to go to college, is the only way not to leave behind a generation of growing children behind in these cities. It is an issue of the utmost importance for renewing America's smaller cities that do not have the advantages of San Francisco, Washington D.C. and Raleigh, S. Carolina, with their advanced university and technology hubs and access to finance.
Linked Articles
As College Graduates Cluster, Some Cities Are Left Behind
New York Times 05/30/2012
It’s time to drop the college-for-all crusade - The Washington PostWashington Post 05/28/2012
CEO Dimon is described as distracted by other issues. Ina Drew, the seasoned head of the Chief Investment that manages a $300 billionplus portfolio after the merger of other failed banks into JP Morgan Chase in 2008-2009, contracts Lyme disease in 2010 and is no longer the hands on person when she returns in 2011. Ms. Duersten, in charge of the North American trading desk at the New York office leaves in 2011 after 16 years at Chase. The controls over the London trading desk from New York are slipping away and Mr. Iksil and Mr. Macris of the London trading desk take massive trading positions to expose Chase to large losses. CEO Dimon learns about the Chase trading positions and the London Whale (Mr Iksil) from the Wall Street Journal on April 6, 2012, for the first time, astounding the business community and the financial world.
Linked Articles
Discord at JPMorgan Investment Office Blamed in Huge Loss
New York Times 05/19/2012
Inside J.P. Morgan's BlunderWall Street Journal 05/18/2012
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
A way out of conflict, wasted resources, and misshaped priorities, through a strong push for expanded trade and a free trade agreement between India and Pakistan. After several generations of conflict a way out. An opportunity to do in South Asia what happened between France and Germany under Adenauer, Monnet and De Gaulle. The Shaikh-Boskin proposal calls for expanded trade between India and Pakistan, and a free trade agreement between the two neighbors similiar to NAFTA in North America, and the European Common Market in Europe. This would generate a surge in growth in South Asia similiar to what happened in China in the last two decades and create new opportunities for hundreds of millions of people in South Asia.
Linked Articles
Pakistan's Untold Economic Story
Wall Street Journal 04/24/2012
A Passage to India-Pakistan PeaceWall Street Journal 04/16/2012
Toyota goes after the lower price points in emerging markets with the IMV series. Renault goes for a lower price point for buyers in its home markets in France and the rest of Europe with its Dacia and Logan models. Both are expected to cross the 1 million mark sales point in 2012. Renault achieves a 6% operating margin on the low price point vehicles priced at around $10,000, breaking the myth that lower price points cannot generate profits.
Linked Articles
Toyota Pushes Emerging-Markets Production
Wall Street Journal 04/07/2012
Renault Takes Low-Cost LeadWall Street Journal 04/16/2012
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
U.S. Associate Attorney General Dillery, the governments top negotiator in a $1.5 billion settlement in Jan 2015, says never has the Justice Department produced 290 million documents in discovery in Justice Department history.This is how many documents were produced in this case which he said showed S&P in serious breach of duty, which affected the U.S. financial system leading to many adverse consequences.
Linked Articles
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows HumorNew York Times 02/05/2013
Abe is determined not to repeat the mistakes of his first term as Japan's prime minister following the LDP's popular prime minister, Junichiro Koizumi. That term ended with adefeat in the upper house elections and lasted only 10 months. This means staying close to the U.S. and toning down a nationalist message, with focus mainly on creating economic revival.
Linked Articles
Japanâs Next Leader, Shinzo Abe, Shifts Focus
New York Times 12/17/2012
Japan Voters Sweep In New LeaderWall Street Journal 12/17/2012
The biggest challenge facing the American economy is high unemployment and the lack of well paying jobs that formed the core job base of the middle class. Jobs generated since 2008 are largely low wage part-time work in retail and related industries. Wages have also fallen sharply in manufacturing industries as the U.S. competes with Asian manufacturers.
Linked Articles
New York Times 11/07/2012
A Part-Time, Low-Wage EpidemicWall Street Journal 11/06/2012
Mitt Romney and dad George Romney, three term governor of the U.S. state of Michigan. George Romney was known for his boldness in going over the fence to talk directly with UAW union workers.
Linked Articles
Wall Street Journal 11/01/2012
Lessons From a Father's CampaignWall Street Journal 10/10/2012
Leon Panetta, U.S. Defense Secretary under Obama, who was also U.S. president Clinton's chief of staff, and Bob Woodward, renown Washington Post journalist, say Obama failed to lead on domestic policy issues and his own agenda during the first term.
Linked Articles
Wall Street Journal 09/07/2012
Former Defense Chief Panetta Criticizes Obama in New MemoirWall Street Journal 10/07/2014
Linked Articles
Finding the Roots of Candidate's Economic Beliefs
Wall Street Journal 08/12/2012
Stephen Moore: The Kempian Roots of RyanomicsWall Street Journal 08/12/2012
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
Nieto describes his vision and outlines his plan for Mexico in an op-ed in the NYT and in an interview with Lally Weymouth of the Washington Post. He says this is a new generation and this is not the PRI party of the past.
Linked Articles
New York Times 07/02/2012
Interview with Mexican presidential candidate Enrique Peña Nieto - The Washington PostWashington Post 05/20/2012
Volcker described the situation to the U.S. Senate Banking committee the day before the story came out about the massive trades made by JP Morgan's trader, known as the "London whale." Losses would be socialized under "too big to fail" for the largest U.S. banks.
Linked Articles
Paul Volcker vs. JPMorgan’s London Whale - The Washington Post
Washington Post 05/12/2012
'London Whale' Rattles Debt MarketWall Street Journal 05/13/2012
Linked Articles
Massive Power Outage Paralyzes North India
Wall Street Journal 07/31/2012
India Struggles to Dig Up Enough Fuel to Power GrowthNew York Times 04/19/2012
U.S oil imports from Saudi Arabia in the first half 2012 compared to 2011 increased by 20%.
Linked Articles
U.S. Reliance on Saudi Oil Is Growing Again
New York Times 08/16/2012
Pressure on Oil Supply EasesWall Street Journal 04/13/2012
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
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