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Challenges of a bubble economy, dependence on exports, pollution and inequality that face the leadership of Li Keqiang and Xi Jinping in China
01/31/2012
Linked Articles
Heartland Return for Chinese Leader
Wall Street Journal 01/31/2012
Heartland Return for Chinese LeaderWall Street Journal 01/31/2012
Delving into the causes of higher income inequality and finding solutions
12/06/2011
As the OECD report shows income inequality is a global trend over the last three decades. This is further exacerabated by austerity policies. Causes of this range from education to favored treatment of economic sectors with greater influence on government.
Linked Articles
Angry about inequality? Don’t blame the rich. - The Washington Post
Washington Post 01/28/2012
OECD report cites rising income inequality - The Washington PostWashington Post 12/06/2011
The situation in Athens, Greece, in Dec. 2011, with the German insistence on strict austerity measures
11/27/2011
The likelihood that Greeks would vote against austerity measures as a condition for staying in the euro, if a referendum were held as proposed.
Linked Articles
Greeks Balk at Paying New Property Tax
New York Times 11/27/2011
The Spirit of EnterpriseNew York Times 12/01/2011
The minimum wage, inequality, and Mexican Americans in New York City
11/24/2011
New York City as a microcosm of the situation for Hispanics and Mexican Americans in the U.S. Recent demographic changes show a large proportion of the population of children in the U.S. is Hispanic.
Linked Articles
No Money for a Living Wage? But Fat Abounds
New York Times 11/29/2011
Mexicans in New York City Lag in EducationNew York Times 11/24/2011
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
Janet Yellen, lack of economic mobility from inequality, and "hollowing out" in American manufacturing with trade imbalances
09/27/2011
Linked Articles
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
How Quantitative Easing Contributed to the Nation's Inequality ProblemNew York Times 10/22/2014
Germany's Pirate party of digital activists and anti-establishment sentiment
09/19/2011
The Pirate party won about 9% of the vote in the Berlin election. It is likely to win a similiar share of the vote in other state elections.
Linked Articles
'Pirates' Deal a Blow to Germany's Political Status Quo
Wall Street Journal 04/10/2012
Berlin Poll Hits Merkel CoalitionWall Street Journal 09/19/2011
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
Decline in gold prices in 2013 with lower investor demand and decline in purchases by central banks of emerging market countries
06/14/2011
Demand from central banks is expected to decline by 34% in 2013, according to Reuters Thomson GFMS. Lower inflation and better returns in equity and bond markets is reducing demand from private investors.
Linked Articles
Gold Fades From Investment Picture
Wall Street Journal 10/29/2013
Investors Going for the Gold in China May Want to ReconsiderWall Street Journal 06/14/2011
Impact of a slowdown in China and a global slowdown on different countries
06/08/2011
A slowdown in China will affect commodity exporting countries such as Australia, Brazil and Chile, and exporters of machinery such as Germany and Japan. A global economic slowdown will make it harder for troubled eurozone countries such as Greece, Ireland, Portugal and Spain to reduce their debt burden. It will affect U.S. exports which are increasing in 2011, and are the one bright spot for a economic recovery.
Linked Articles
What a China Slowdown Means for the World
Wall Street Journal 06/09/2011
Euro-Zone Cuts Face World of PainWall Street Journal 06/08/2011
Contrasting approaches of Germany and Japan after the Fukushima nuclear plant disaster in Japan
05/11/2011
Linked Articles
Panel Urges Germany to Close Nuclear Plants by 2021
New York Times 05/11/2011
Japan's Ex-Premier, Naoto Kan, Condemns Nuclear PowerNew York Times 05/28/2012
Contrasting approaches of the U.S. and Germany after the nuclear plant disaster in Fukushima, Japan
03/20/2011
Linked Articles
Indian Point Evacuation Plan Is Unrealistic
New York Times 03/20/2011
Panel Urges Germany to Close Nuclear Plants by 2021New York Times 05/11/2011
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
Protecting German taxpayers in eurozone bailouts- German chancellor Merkel and how she called the bluffs of European banks in 2011 and Cyprus in 2013
12/30/2011
Linked Articles
Wall Street Journal 03/26/2013
Deepening Crisis Over Euro Pits Leader Against LeaderWall Street Journal 12/30/2011
Expert opinion on the problem with German insistence on tough austerity measures in Greece, Italy and Spain and Portugal
11/28/2011
Without economic growth the problems of debt reduction become more difficult to tackle. Austerity measures may lead to shrinking economies in these countries creating larger deficits.
Linked Articles
New York Times 11/28/2011
Europe's Currency Road to NowhereWall Street Journal 11/29/2011
Tax evasion in Italy and Greece and Germany's insistence on good governance and financial practices for a sound euro currency
11/25/2011
One estimate of tax evasion in Italy cited by Faiola in the Post is $340 billon a year. Greece has a similiar problem. This is one area in which the culture and practices of individual countries have to converge to acceptable norms to make a common currrency viable, something the founders of the euro currency did not take as seriously as needed and account for in a disciplined framework. The political enthusiasm for a union of European countries of EU founders led to ignoring the dangers of not having controls and convergence in place.
Linked Articles
New York Times 12/01/2011
Amid crisis, Italy confronts a culture of tax evasion - The Washington PostWashington Post 11/25/2011
Inequality- wages and education with the changing demographics in New York
11/24/2011
Linked Articles
No Money for a Living Wage? But Fat Abounds
New York Times 11/29/2011
Mexicans in New York City Lag in EducationNew York Times 11/24/2011
The Christian Democratic Union, the 2011 CDU convention in Leipzig, and the shifting German view on strict austerity policies
11/15/2011
A faction of the CDU favors a strict interpretation of austerity policies for the eurozone. As CDU leader, Angela Merkel shifts policies to accomodate growing weariness in the rest of Europe with strict austerity policies to accomodate growth, Merkel faces dissent in the CDU. This is evident in the conflicting statements from the EU trade commissioner Mr Gucht, and its economic affairs commissioner Mr. Rehn, on Greece continuing in the eurozone, after Merkel's stated willingness to compromise at the Camp David G-8 summit.
Linked Articles
Greek Stimulus Is an Option, Merkel Says
New York Times 05/16/2012
Merkel Party Seeks Euro Exit PolicyWall Street Journal 11/15/2011
Erfurt, Thuringia, Germany- (2) in 2011 with the visit of Pope Benedict XVI to the monastery where Luther studied, and in 2015 with arrival of Syrian refugees
09/24/2011
Linked Articles
Empathy and Angst in a German City Transformed by Refugees
New York Times 09/11/2015
Pope Visits Venerated Lutheran MonasteryNew York Times 09/24/2011
Harvard labor economist Lawrence Katz's solutions to the job crises and high unemployment in the U.S.
09/06/2011
Katz suggest a number of steps including a subsidy for companies creating new jobs. A form of this subsidy is used in Germany with the "kurzarbeit" program which preserves jobs in a downturn. Katz reminds us that there are three job crises facing America- long term unemployed not reflected in government unemployment figures, effects of foreclosures and debt, and the impact of automation with lower job creation in manufacturing. A sustained andmultipronged approach over a number of years is needed and no single panacea or misguided optimism will work.
Linked Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Help Displaced WorkersNew York Times 09/06/2011
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 signs of slower growth in China in 2012-2015 and what this means for commodity producer countries and producer countries of high tech machinery
06/09/2011
How the slower growth will affect commodity exporters Australia, Canada, Chile, S. Africa and high tech machinery exporters like Germany and the U.S.
Linked Articles
What a China Slowdown Means for the World
Wall Street Journal 06/09/2011
In China, Sobering Signs of Slower GrowthNew York Times 03/05/2012
Contrasting approaches of Germany and France after the Fukushima nuclear plant disaster in Japan
05/11/2011
Linked Articles
Panel Urges Germany to Close Nuclear Plants by 2021
New York Times 05/11/2011
France's Election Heats Up over Nuclear PowerBusinessWeek 12/01/2011
The contrasting approaches of China and Germany after the Fukushima nuclear plant disaster in Japan
05/11/2011
Linked Articles
China Nuclear Firm Plans Up to $27 Billion IPO
Wall Street Journal 06/06/2012
Panel Urges Germany to Close Nuclear Plants by 2021New York Times 05/11/2011
Temporary workers in the U.S. and in Italy- the consequences in lower consumer spending, higher inequality and poverty
02/02/2011
Linked Articles
The Rise of the Permanent Temp Economy
New York Times 01/26/2013
The Youth Unemployment BombBusinessWeek 02/02/2011
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