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High youth unemployment and lack of economic growth in Italy
02/02/2011
Linked Articles
Italy Seeks to Spur Growth, Narrowing Gap With Peers
Wall Street Journal 07/18/2011
The Youth Unemployment BombBusinessWeek 02/02/2011
The unemployment rate and participation of young people in the U.S. labor force
01/08/2011
Linked Articles
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Jobless Rate Masks Depth of Labor WoesWall Street Journal 01/08/2011
Germany's second quarter 2010 growth of 9% is unsustainable.
08/14/2010
The downside to the lower unemployment rate is the rapid growth in the low-wage sector in Germany. Consumer spemding is tight in Germany and the surge in exports cannot last. The contrast between the impact of German gorwth on the countries in Northern and Southern Europe.
Linked Articles
Germany Propels Growth in Euro Zone
Wall Street Journal 08/14/2010
German Workers' Wages Belie Country's ReboundWall Street Journal 08/17/2010
Job saving in Germany, "kurzarbeit" and the experience of piecemeal implementation in France by 2014
07/29/2010
Piecemeal implementation of "kuzarbeit" type job preservation efforts leads to failure in France with unemployment reaching 10.4% by the third quarter of 2014, according to Insee. Proper implementation would require changes in the legal system, and a change in the culture for business, trade unions.
Linked Articles
French Attempt at German-Style Labor Reform Flounders
Wall Street Journal 12/05/2014
The Price of Saving Jobs in GermanyBusinessWeek 07/29/2010
Shiller sees risks of a double dip recession from sudden events that further damage confidence.
01/31/2010
Shillers definition of adoubel dip recession is one in which unemployment stays stubbornly high for some years and a second recession occurs before a recovery is achieved from the first one. Statistical models and confidence indexes are poor at grasping and presenting this.
Linked Articles
Fear of a Double Dip Could Cause One
New York Times 05/14/2010
Stuck in Neutral? Reset the MoodNew York Times 01/31/2010
Bernanke's views on how the underutilization of labor in todays markets should make inflation less of a threat.
06/11/2009
Remarks by Bernanke to the Open Market Committee of the Fed in 2003, have a relevance to the situation facing the economy today. Rising raw materials prices and the falling dollar are likely to have a muted effect on inflation. The impact of slowing wages and the high unemployment and growing underutilization of labor, in the midst of a manufacturing capacity utilization rate of 68% and continuing to fall, are likely to be the deciding factors.
Linked Articles
Slack Labor Markets Will Hold Down Prices
Wall Street Journal 06/23/2009
Get Ready for Inflation and Higher Interest RatesWall Street Journal 06/11/2009
An Arab view about the need to change old attitudes and perceptions about US and Muslim world differences.
06/03/2009
The need for education in the Muslim and Arab world that helps melt old attitudes and perceptions. This is a large region covering the Arabs in Egypt and North Africa to Muslims in South Asia.
Linked Articles
President Obama's Cairo Appeal
Washington Post 06/05/2009
Education vs. ExtremismWall Street Journal 06/03/2009
The huge downsizing in the auto industry creates the need for big government supported initatives in retraining.
05/21/2009
Vicotr Brown and the 60,000 former workers at GM's BUick City have worked at GM all their lives, and can't imagine anything else. How does one get them from joining the ranks of the permanently unemployed, is a challenge for the government. THe labor underutilization rate expected to reach 20% for 2010, could threaten the economic recovery, and put everything at risk.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The Last Holdouts Cast Their Lot With G.M.New York Times 05/21/2009
The youth vote in India's 2014 and 2009 parliamentary elections
05/02/2009
Linked Articles
Wall Street Journal 05/02/2009
Hopes of a Generation Ride on Indian VoteNew York Times 05/15/2014
What America can learn from the German example for government help to retrain workers and share costs to hire and retrain.
04/30/2009
The need for initiatives in this area are supercritical to handle the economic recovery correctly because of deepseated changes in the labor markets. In the absence of this high unemployment will coexist with millions of vacancies because of amismatch of qualifications. A lack of worker mobility. because of housing problems compounds this situation.
Linked Articles
Help Wanted: Why That Sign's Bad
BusinessWeek 04/30/2009
Learning Labor Market Lessons from GermanyBusinessWeek 04/30/2009
Nobel Laureate Michael Spence offers solutions to the job crises and high unemployment facing the U.S.
04/30/2009
Linked Articles
Why the Old Jobs Aren't Coming Back
Wall Street Journal 06/24/2011
Learning Labor Market Lessons from GermanyBusinessWeek 04/30/2009
The NYT editorial questions the wisdom of letting banks like JP Morgan and Goldman Sachs repay government money.
04/26/2009
The heavy lobbying by the banks may skew government decisionmaking, says the NYT, and lead to poor decisions. Banks still face losses in commercial real estate, and the higher unemployment and its effect on the economy could adversely affect their balance sheets.
Linked Articles
New York Times 04/26/2009
Payback TimeNew York Times 06/11/2009
"So am I", the President responds to special interests gearing up to thwart his plans to revamp the economy.
03/01/2009
My message to them, is this: "So am I", with that remark in his radio address Obama says he knows special interests are gearing up for a fight to prevent needed change in education oppportunities that otherwise would close the door on the middle class, on health care coverage that otherwise will leave in addition to the 46 million not covered an additional number of that magnitude uncovered as unemployment rises and insurance premiums become unaffordable, and on energy that leaves energy policy to oil and gas companies that have done little to promote conservation or new technologies to reduce demand amid mushrooming global demand.
Linked Articles
Obama Calls His Budget Needed Change
New York Times 03/01/2009
Liberal Groups Are Flexing New Muscle in Lobby WarsNew York Times 03/01/2009
Angela Merkel's experience with the reunification of East and West Germany and her views of the eurozone crisis
01/30/2011
The perceptions of the eurozone crisis of ordinary Germans and of former East German Angela Merkel are colored by the period of reunification of the two Germany's. This was paid for with a"solidarity surcharge" tax paid by Germans amounting to $1.7 trillion and led in its early stages to 4 million unemployed in the eastern part and 20% unemployment. It took over a decade for East Germany to build new modernized industries in the larger cities of the east, but still leaves the rural parts of former East Germany in a neglected state as young peoplemoved out. During this period industry in the west also regained lost global competitiveness, especially in industries such as automobiles and advanced machinery, using wage restraint agreements with unions and increases in productivity. Germans see the need for eurozone countries in the southern part of Europe needing to make similiar sacrifices and see the tax evasion in Italy and Greece as unacceptable. The real estate bubble, the lack of transparency for banks bad loans, and out of control regional spending in Spain is also seen in a similiar light. Greece is seen as the most egregious offendor because of the bad financial accounting that grossly understated the extent of the bad loans. Less publicized in Germany is the role played in the bad loans through poor lending practices of German and French banks and that as experts have pointed out Germany was to some extent bailing out German banks when it was bailing out Greece- till German banks reduced their exposure to Greece in 2011.
Linked Articles
In former East Germany, anxious residents resent paying for Europe’s problems - The Washington Post
Washington Post 06/21/2012
Merkel's Defense of Euro Forged in East GermanyNew York Times 01/30/2011
Bringing peace to Kashmir- the elections in 2014 with a 70% turnout as ordinary Kashmiris turn to development and infrastructure building
01/01/2011
Weary of conflict a whole region turns to economic development and infrastructure building plans as the next step to a brighter future. South Asia makes a new beginning as it catches up with its neighbors in East Asia. A billion plus market extending from South Asia to Indonesia makes a new beginning in 2014. Even the Kashmir Valley hears the message- the synergy of technology, capital, human resources and good governance can pave the way to a better future that is within the reach of today's young generation of South Asians and Indonesians.
Linked Articles
Modi’s Campaign Stop in Kashmir Is Notable for Lack of Unrest
New York Times 12/08/2014
Kashmir's troubles: Shaking the mountainsEconomist 01/01/2011
What the U.S. and other eurozone countries can learn from Germany to reduce unemployment (2)
07/29/2010
The "kurzarbeit" program for job retention in Germany and how it is beginning to be applied in the U.S.
Linked Articles
Wall Street Journal 11/21/2011
The Price of Saving Jobs in GermanyBusinessWeek 07/29/2010
Andy Grove of Intel and a reminder about Silicon Valley's role now missing role as a serious innovator and job creator at home
07/01/2010
Andy Grove reminded Silicon Valley about the dangers of forgetting manufacturing's important role in the U.S. in 2010. This is even more true today with the working class lagging behind in this recovery. He asked at the time what kind of society are we creating with professionally employed workers and lots of unemployed. It reminded him of 1932 with troops holding bayonets facing unemployed people outside the White House, and of his days in Hungary in the 1956 uprising. Grove also called for serious innovation which he did not see happening at the time in Silicon Valley.
Linked Articles
Andy Grove’s Warning to Silicon Valley
New York Times 03/25/2016
Andy Grove: How America Can Create JobsBusinessWeek 07/01/2010
Intractable conflicts and a way out- the U.S., Europe, India and Pakistan in Afghanistan, and South Asians in Kashmir
09/23/2009
Linked Articles
Obama Is Considering Strategy Shift in Afghan War
New York Times 09/23/2009
Kashmir's troubles: Shaking the mountainsEconomist 01/01/2011
The dangers of high unemployment in the American economy.
06/06/2009
WIth job losses of 467,000 in June 2009, Krugman sees a joblosses hole of 8.5 million jobs since the last recession. The 3 1/2 million jobs the stimulus is supposed to create by 2010 end fade in comparison to the scale of job loss that is emerging. With declining earnings, there is the additional prospect of deflation.
Linked Articles
New York Times 07/03/2009
Stuck at Unemployed: When A Layoff Becomes a LifestyleWashington Post 06/06/2009
The $5 trillion in new debt expected for 2009-2010, will become harder to reverse if the rising foreclosures weaken any recovery.
06/02/2009
With 15.4 million homeowners under water and rising unemployment exacerbating the foreclosure rate, and no governement solution in sight, any recovery will be weak. This makes the debt reduction less likely, and weakens prospects for economic growth.
Linked Articles
Rising Interest on Nations’ Debts May Sap World Growth
New York Times 06/04/2009
Foreclosures: No End in SightNew York Times 06/02/2009
How the Americans and Western Europeans are coping with joblessness in 2009.
05/04/2009
The experience in the USA conpared to the experience in Germany and Spain. How social and family safety nets play a part in Europe in helping Spain cope with close to 20% unemployment and Germany with close to 10% unemployment. Role of immigrtants in Spain and the public sector in France in mitigating effects on older workers with steady jobs who remain only slightly affected.
Linked Articles
Spain Largely Avoids Unrest Even as Economy Slumps
Wall Street Journal 05/04/2009
U.S., Europe Are an Ocean Apart on Human Toll of JoblessnessWall Street Journal 05/07/2009
The rapid structural shift in employment to new industries and fields may create high unemployment even as millions of vacancies go unfilled.
04/30/2009
The Labor Departments JOLT statistics for job openings shows over 3 million job vacancies. The reason for this is the mismatch in qualifications and the speed with which industries are downsizing, and the shift to new industries and fields away from banking, retail, construction and autos. This makes new initiatives in retraining and government cost sharing to enable companies to hire and retrain super critical. Germany has some initiatives lkke this.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Help Wanted: Why That Sign's BadBusinessWeek 04/30/2009
What the U.S. and other eurozone countries can learn from Germany in reducing unemployment (1)
04/30/2009
The Harz labor market reforms under the Schroeder administration helped Germany reduce unemployment after over a decade of high unemployment folowing reunification.
Linked Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Learning Labor Market Lessons from GermanyBusinessWeek 04/30/2009
The hidden virtues of Hillary Clinton- a different approach to foreign conflicts
04/30/2009
Hillary's adoption of the Dutch military's model for the U.S. role in Afghanistan and following up on the work of South Asian envoy Holbrooke, who settled the Balkan conflict with peace accords under Bill Clinton.
Linked Articles
Against Odds, Path Opens Up for U.S.-Taliban Talks
New York Times 01/11/2012
U.S. Takes Dutch Military as Role Model in Afghan OperationWall Street Journal 04/30/2009
With American households working down debt of 130% of disposable income a consumer led recovery is unlikely.
04/23/2009
The debt load for American households is close to the total output of the American economy in 2008. The disappearance of easy credit, the rising unemployment, and reduced hours of work, and lower or stagnant wage levels, are serious constraints to consumer spending.
Linked Articles
Economist 04/23/2009
On Borrowed Time: Consumer-Led RecoveryWall Street Journal 06/10/2009
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