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Emmanuel Macron and the challenge of reviving France's economy
05/08/2017
France's central bank chief Noyer points out that once the public sector crosses the line of 55% of the economy France loses ground. Jobs created are from an earlier period, and fewer new technology jobs of the future are created. The challenge for Macron is to rein in the public sector and revive French industry so new jobs are created for young people.
Linked Articles
Macron's presidency: It's the economy, stupid! | Business | DW.COM | 08.05.2017
DW.COM 05/08/2017
The Emperor Creates No JobsWall Street Journal 05/29/2013
Chancellor Merkel and the events at Budapest Kelesti Station in early Sept 2015 that gave the German government only a few hours to act
09/21/2016
Linked Articles
What happens next | ZEIT ONLINE
ZEIT ONLINE 08/30/2016
Merkel Accepts Responsibility for Party’s Losses in Berlin ElectionThe New York Times 09/19/2016
The 1976 Montreal Olympics, the 2004 Athens Olympics, the 2014 Sochi Olympics and the Rio Olympics- decades long debt hangovers and costs growing from the $1+ billion in Montreal to $50+ billion in Sochi
08/24/2016
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (4) the elections in France and Germany in 2017, and chancellor Merkel likely to link granting benefits of the single market to free movement within the European Union
08/16/2016
Chancellor Merkel has clearly stated that she sees the benefits of a single market going along with the idea of free movement within the European Union. With elections in 2017 and after not giving into Eastern European states in 2016, Merkel is likely to again remind Germany and France of the the true spirit in which the founders setup the European Union.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
EU Governments Gird for Steely New British LeaderWSJ 07/12/2016
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (2) the British economy and the Bank of England's stimulus effort to avoid a recession
08/16/2016
The stimulus action of the Bank of England in August 2016 was designed to avert a recession in Britain. The Bank of England estimates that even with the stimulus the Brexit move will lead to a 1% drop in economic growth every year for 3 years as compared to staying in the European Union. The British public is weary of the austerity programs for 7 years under finance minister Osborne. if higher growth under Brexit turns out to be an illusion as the Bank of England forecasts show, there would be reason for much reflection on the meaning of the vote- seeing it as a rejection of the Cameron-Osborne government in favor of a government more in tune with the interests of working class people under Theresa May.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
Bank of England unveils four-pronged stimulus package in bid to avoid Brexit recessionThe Telegraph 08/04/2016
Donald Trump's economic advisory team- executives from the finance industry and the real estate industry with strong connections to Wall Street
08/05/2016
Linked Articles
Trump Announces Economic Policy Advisory Team
WSJ 08/05/2016
Donald Trump’s new team of billionaire advisers could threaten his populist messageWashington Post 08/05/2016
Donald Trump and Latinos in the U.S.- the wall with Mexico and immigration issues
07/21/2016
Linked Articles
Undocumented in the age of Donald Trump | Americas | DW.COM | 19.07.2016
DW.COM 07/19/2016
Poll: Trump’s negatives among Hispanics rise; worst in GOP field - The Washington PostWashington Post 02/25/2016
"Deaths of Despair", the causes and effects in a larger context, and the drop in America's ranking in the Social Progress Index to 19th in 2016
07/01/2016
How the middle aged white Americans 45-54 are faring in the current environment with fewer opportunities and greater vulnerabilities in health, education incomes, savings, quality of life, mortality, upward mobility, for this group. Tragically this means their children and the next generation is also affected in the way fewer opportunities are available in the future. The situation is unique to America with weaker social protection than Europe, and to Britain because of years of austerity. There are no quick fixes with easy slogans, and requires first a national awareness, national consensus, and may require the better part of a generation to solve and restore the hope and promise of Jefferson in making the "inalienable rights of life, liberty, and the pursuit of happiness" available to all.
Linked Articles
Rising Death Rates for Middle-Aged White Americans Are Forcing a Policy Rethink
WSJ 06/30/2016
The U.S. Now Ranks 19th in ‘Social Progress,’ With Finland and Canada Topping the ListWSJ 06/30/2016
Trump's solution for creating jobs- an illusion?
03/23/2016
With no tangible solutions for creating jobs, and a policy of high tariffs that could create trade wars and destabilize the global economy hurting growth worldwide, jobs lost in the last decade mostly not coming back, questions raised about how this will improve the prospects for jobs, upward mobility for middle class, working class people.
Linked Articles
Wall Street Journal 03/24/2016
A transcript of Donald Trump’s meeting with The Washington Post editorial board - The Washington PostWashington Post 03/23/2016
The EU's evolving relations with Turkey in 2016- Germany's Merkel and the Erdogan government reach an agreement on refugees in March 2016
03/07/2016
Merkel facing populist pressures and opposition from the CDU to accepting more refugees tries to get Turkey to stem the flow and send refugees back to Turkey. The Erdogan government with its own problems and seeking a closer relationship with the EU following the Russian bombing of the Turkmen in Syria and shooting down of a Russian plane approves the agreement.
Linked Articles
Stakes Are High for Germany’s Angela Merkel in Success of New Migrant Deal
Wall Street Journal 03/24/2016
Turkey Places Conditions on E.U. for Migrant HelpNew York Times 03/07/2016
The damage done at Yahoo with failed acquisitions, flawed news strategy investments, followed by costcutting that led to low morale and departure of mobile engineer talent
01/10/2016
A series of bad moves by CEO Marissa Mayer leads to costcutting, layoffs and departure of mobile engineers to rivals Facebook and Google, depriving Yahoo of talent in the mobile business. The internet business is now up for sale with Verizon, Britain's Daily Mail bidding for it, and investor Starboard Value hedge fund pushing for the sale.
Linked Articles
Yahoo’s got millions of users, but it’s still in decline. What went wrong? - The Washington Post
Washington Post 04/20/2016
Yahoo’s Brain Drain Shows a Loss of Faith Inside the CompanyNew York Times 01/10/2016
The rise of cultural illiberalism in Europe and America seriously threatens the post war society based on liberal ideas that was setup since 1945
12/16/2015
Linked Articles
Economist 12/17/2015
The Bleak Reality Driving Trump’s RiseWall Street Journal 12/16/2015
The Chinese market in 2015 and pitfalls for Yum Brands and its KFC, Pizza Hut stores in China
10/21/2015
Rapid growth and then a public scare with media reports of falling quality standards hurt KFC outlets. Local Chinese and Taiwanese brands offer more options at the higher and lower ends of the price range. Other European competitors partnering with local Chinese companies offer better value and quality upscale hurting Pizza Hut stores. And suddenly the whole landscape has changed for Yum Brands in China. It shows the Chinese market is no place for the complacent, that the discriminating tastes of consumers and search for healthier alternatives is taking place in China, India and other developing countries, just as much as it is in the U.S.
Linked Articles
China Isn’t the Easy Market It Once Was for Fast-Food Chains
Wall Street Journal 10/21/2015
Yum Brands to Split Off China BusinessWall Street Journal 10/21/2015
Deutsche Bank legal settlements, including $14 billion with the U.S. Justice Department, that may require rescue by the German government
09/27/2016
Linked Articles
Opinion: Deutsche Bank in dire straits | Opinion | DW.COM | 27.09.2016
DW.COM 09/27/2016
America’s Department of Justice asks Deutsche Bank for $14 billionThe Economist 09/16/2016
Chancellor Merkel and listening to German public opinion reflected in state elections of 2016
09/20/2016
Here we argue that contrary to general media coverage in the NYT, WSJ, Economist, and German media, a year from now Merkel may be seen more positively. This is because Merkel has always listened to public opinion carefully, and has told the German public frankly what happened- that she and the German government were caught unprepared in the refugee crisis that came up in summer 2015.
Linked Articles
German politics is turning into a six-party system
The Economist 09/19/2016
Opinion: Berlin, capital of mediocrity | Opinion | DW.COM | 19.09.2016DW.COM 09/19/2016
Trump's business empire- overleveraging, debt, excessive risk, and shrouded in mystery, what the WSJ calls "a narrow escape"
08/20/2016
The business dealings of Trump do not reveal the wisdom and financial best business practice that will be needed to get the middle and working class in the U.S. back on its feet, and to build the country's infrastructure and defense needs.
Linked Articles
Trump and His Debts: A Narrow Escape
Wall Street Journal 01/04/2016
Trump’s Empire: a Maze of Debts and Opaque TiesThe New York Times 08/20/2016
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (3) the inclusion of key "Leave" supporters in Theresa May's cabinet
08/16/2016
By including a key member of the "Leave" vote, Mr Boris Johnson, former Mayor of London, in the cabinet as Foreign Secretary, Theresa May has given herself a lot more flexibility in tackling the Brexit issue so that it does not hurt the British economy. It would be hard for a key cabinet member not to be part of the team position on issues, and for the team to ignore the Bank of England's role in steadying the economy. By making the issues important to working class people in Britain her priorities Theresa May also lays the ground for everyone in Britain to gain moving forward as the economy recovers.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
Theresa May, New British Prime Minister, Gives Boris Johnson a Key PostThe New York Times 07/13/2016
Speaker Paul Ryan's House seat in Janesville, Wisconsin- improving economy in a U.S. midwestern factory town and the debate on trade, help for working class families
08/10/2016
The unemployment rate in Janesville, Wisconsin drops to 4.4% in May 2016, according to the Bureau of Labor Statistics. It was over 9% following the closing of the GM plant and the recession from the 2008 financial crisis. A working class town Janesville was hit hard by the closing of the GM plant in 2008. Amy Goldstein of the Washington Post describes the impact of losing about 5000 jobs at the GM plant, and the problems typical of most manufacturing dependent towns. Throughout the period since being first elected to Congress in 1998 Ryan has continued to be able to get elected on the basis of faith, family and public service, even though some of his policies may not have helped the poor and elderly or laid off workers. Ryan voted for rescuing the auto industry and worked hard to keep the GM plant, and listens to his constituents, and as the economy recovered by 2016 won easily in this old industrial midwestern town. His influence in national politics gives Janesville an opportunity to be heard, as it tackles problems common to many midwestern towns in the U.S.
Linked Articles
Could Paul Ryan’s ideas help his struggling home town? - The Washington Post
Washington Post 08/19/2012
Paul Ryan beats outsider 'mini-Donald Trump' challenger in Wisconsin primaryThe Guardian 08/10/2016
Brazil's 2016 Summer Olympics- indifference and anger of ordinary Brazilians that the $12 billion was not invested in improving public services, infrastructure, healthcare and education
08/04/2016
Linked Articles
A Chastened Brazil Welcomes Its Summer Games
WSJ 08/04/2016
Brazil’s Other Olympic Spirits: Anger, Anxiety and IndifferenceThe New York Times 08/04/2016
Angela Merkel's leadership during the immigration and Brexit crises by July 2016- increasing support for the European Union in Germany and personal support up to 59 percent in Deutschland trending poll
07/08/2016
By offering "calm and composed" leadership during the Brexit crisis, and being flexible in dealing with genuine concerns about immigration in Germany, Merkel shows Europe a better way than fractious British, French or American politics during a critical period when good responsible leadership is missing.
Linked Articles
Poll: Brexit vote boosts support for EU in Germany | News | DW.COM | 08.07.2016
DW.COM 07/08/2016
Angela Merkel Is Motivated By Decency, Not PoliticsWall Street Journal 12/21/2015
The pause in the U.S. economy with the May 2016 U.S. jobs report showing 38,000 jobs added
06/06/2016
Krugman discusses the U.S. May 2016 jobs report from the Labor Department. He says it will be harder to come up with a response to the political uncertainty in an election year, especially now that rates are near zero.
Linked Articles
Sharp Fall in U.S. Hiring Saps Chance of Fed Rate Increase in June
The New York Times 06/03/2016
A Pause That DistressesThe New York Times 06/06/2016
Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs
03/08/2016
By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.
Linked Articles
How Trump’s Hard Line on Trade Could Backfire
Wall Street Journal 03/25/2016
Can Trump Start a Trade War?Wall Street Journal 03/08/2016
The standoff between Saudi Arabia and Russia/ Iran that created the prospect of low oil prices for the long term - (1) Saudis and Russian resilience in the face of low oil prices
01/25/2016
Linked Articles
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01/27/2016
Russian Oil: Output Grows as Prospects ShrinkWall Street Journal 01/25/2016
The resilience of U.S. auto sales in 2015-2016- new management, technological advances and pent up demand
01/06/2016
The U.S. automobile market and its resilience is one factor in the improving economy in 2016. New management and technology provide a resilience for automakers that never existed before.
Linked Articles
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
U.S. car sales hit record high in 2015 - The Washington PostWashington Post 01/06/2016
The problems threatening the white working class in America and the rise of cultural illiberalism
11/12/2015
Experts point to the economic anxieties of the white working class in America, a broad group that has increasingly fallen behind as technology advances in the 21st century with globalization and mobile capital, causing serious social fissures in society. One of the dangers is to the ideas of liberal society itself with the rise of cultural illiberalism, such as that presented by the Trump candidacy for president in 2016, and Marie Le Pen's National Front in France, as liberal elites in centre right and centre left lose their hold on working class voters.
Linked Articles
The Bleak Reality Driving Trump’s Rise
Wall Street Journal 12/16/2015
The missing working class - The Washington PostWashington Post 11/12/2015
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