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CBO projections in Jan 2014 show the U.S. debt stabilizing at 74% of GDP in 2014 and deficits below 3% for 2014-2017
12/16/2012
Higher economic growth of about 3% for 2014-2017 and the phasing out of spending to counter the effects of the severe recession of 2008-2010, have helped the U.S. stabilize debt levels and reduce deficits. After 2018 the long range projections show debt to GDP climbing to reach 79% in 2024.
Linked Articles
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
That Terrible TrillionNew York Times 12/16/2012
New leadership and old faces, Jiang Zemin, Xi Jinping, and the uncertain outlook for change in China
11/15/2012
Jiang Zemin, 86 years and former president, who set China on the three decade push for modernization, put his imprint on the seven member Politburo Standing Committee that runs China. Jinping and five other members of the Politburo are close allies of Jiang Zemin. Zemin was Mayor of Shanghai, China's business capital during the Koumintang pre war regime and now in the post war period. He made some of the reforms that led to China's entry into the World Trade Organization and its subsequent rise as a major trading nation. His support for Jinping gives the new president room for making political and economic changes that are needed in this period. The older members of the Politburo, most in the mid-60's, placed on the Politburo by Zemin are likely to be cautious and the outlook for change is uncertain.
Linked Articles
Xi Jinping Offers Few Hints of a Shift in Direction in China
New York Times 11/15/2012
Ex-Leader Wins in Beijing Power PlayWall Street Journal 11/16/2012
The CEO statement of Oct 2012 calling for action to tackle deficit reduction with tax increases as part of broader reforms
10/26/2012
The CEO statement of Oct 2012 as a pro-growth initiative and not simply a tax increase that does little for setting up a strong economic recovery in the U.S.
Linked Articles
Wall Street Journal 10/26/2012
Pete Domenici and Sam Nunn: Building a better ‘fiscal cliff’ - The Washington PostWashington Post 10/27/2012
Renewed warnings in 2013-2014 for the housing price bubble in China (3)- Jia Yang and Nicholas Lardy of the Peterson Institute of International Economics
10/03/2012
Linked Articles
As China’s economy slows, real estate bubble looms - The Washington Post
Washington Post 10/03/2012
Economists: China Mirrors U.S. on Eve of Financial CrisisWall Street Journal 03/18/2013
ECB president Mario Draghi and the pragmatic and activist approach developed at the MIT Economics department
10/02/2012
Linked Articles
How ECB Chief Outflanked German Foe in Fight for Euro
Wall Street Journal 10/02/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
Indian prime minister Singh's economic plan in the face of slowing growth in 2012
09/21/2012
In a televised address Singh says the market opening measures for the retail and other sectors are needed to maintain growth and foreign investment. Finance minister Chidambaram tells the WSJ in an Oct 2012 interview- the risks were too great with India facing a lowering of its credit rating, and the government having reflected on the serious consequences of not acting spelled out in the worst case scenario of the Kelkar committee report. The Indian government actions include lowering diesel subsidies and action to control the deficit, with a plan to bring it down to 3% by 2017.
Linked Articles
Q&A With Finance Minister Chidambaram
Wall Street Journal 10/08/2012
Singh Appeals to India to Support His MeasuresNew York Times 09/21/2012
The Obama admnistration and the conflict in Syria
08/28/2012
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
Friedman, Avraham Burg and Morsi- on the way forward for moving beyond the intractable to the possible in the Middle East
08/04/2012
The democracy movement in the Middle East and the yearning for economc and political participation of the people of the Middle East creates new opportunities to move forward beyond the conflicts of the past to a better future for the people of the Middle East. The role of leaders in the U.S., Europe, and the Middle Eastern countries of Egypt, Turkey and the newly democratic states in this region in setting new goals and plans and rising up to the challenges.
Linked Articles
New York Times 11/24/2012
Israel's Fading DemocracyNew York Times 08/04/2012
George Shultz on the path to U.S. economic growth
07/14/2012
Linked Articles
The Magnitude of the Mess We're In
Wall Street Journal 09/16/2012
George Shultz: Memo to Romney — Expand the PieWall Street Journal 07/14/2012
What a Romney economic plan could achieve in 2013-2016
06/06/2012
Linked Articles
The Keynesian case for Romney - The Washington Post
Washington Post 06/07/2012
Gramm and Hubbard: What a Romney Recovery Might Look LikeWall Street Journal 06/06/2012
Germany's distorted national priorities- underinvestment in childcare centers and in wages for childcare and early education teachers
06/06/2012
Melissa Eddy of the NYT provides these two exceptional accounts of Germany's national priorities gone awry as the economic revival takes place in manufacturing, but leaves behind important areas such as early childhood education and child care centers. A lack of investment in the people who form the backbone of the educational system, is one of the forms of the distorted priorities. It may be recorded as the singular lapse of the Merkel administration in the last decade.
Linked Articles
German Child Care Workers’ Strike Brings Debate on Priorities
New York Times 06/05/2015
Germany Considers Subsidies for Non-State Child CareNew York Times 06/06/2012
Four Rules for Tackling the Economic Crisis and how actions by Britain and France differ from Spain
06/01/2012
Linked Articles
France Raises Taxes in Tough Budget
Wall Street Journal 09/28/2012
Bank-Bailout LessonsWall Street Journal 06/01/2012
Romney and the potential for a Reagan style economic recovery 2013-2016- (1) George Shultz's memo to Reagan and insights from Krugman
05/26/2012
Linked Articles
New York Times 06/07/2012
The Reagan MemoWall Street Journal 05/26/2012
U.S. Fed chairman Bernanke's activist interest rate policies to tackle high unemployment and central bankers from MIT
12/12/2012
A pragmatic activist focus in economic thinking shaped at the MIT economics department in Cambridge, Masachusetts. The ECB's Mario Draghi, Bank of England's Mervyn King, and Bernanke shaped their thinking at MIT. Draghi and Bernanke had the same PhD. advisor- Stanley Fischer. Factors calling for a pragmatic approach include the lack of political agreement on th deficit, the housing and foreclosure crisis effects, higher inequality and unemployment effects on the middle class, the effects of the globalized economy on working class manufacturing jobs, people dropping out of the labor foce, and lower inflation, which called for a larger focus on unemployment. Bernanke emphasized the "enormous waste in human potential and productive resources of the economy" throughout 2009-2012. Draghi emphasized the abnormal nature of excessive borrowing interest rates for Italy and Spain during the ECB's bond buying efforts in 2011-2012. Both efforts had a stabilizing effect on the economies of the U.S. and Europe during a period of political discord about future policy.
Linked Articles
Wall Street Journal 12/13/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
Obama advisor, Christina Romer, and support for Simpson-Bowles recommendations on limiting deductions
11/10/2012
The Feldstein, Romney proposals based on the ideas of the Simpson Bowles Commission of limiting tax deductions finds convergence with Obama economic advisor, Christina Romer's support for Simpson Bowles recommendations after the 2012 presidential elections.
Linked Articles
Democrats Like a Romney Idea to Cap Tax Deductions
New York Times 11/12/2012
Budget Showdown Offers an Opportunity for ProgressNew York Times 11/10/2012
Mo Yan and Wang Xiaofang exposing corruption and arrogant government officials in China through fictional characters and humor
10/11/2012
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
The new Jinping-Keqiang leadership and reducing pharmaceutical and healthcare costs to help consumers in China (1)
10/03/2012
After a decade of decline in consumer spending in favor of infrastructure spending to where it is now only 35% of GDP, or half that in the U.S. as a percentage of GDP, China's leadership realizes the need to help consumers. It is seen as high on the list of priorities for the Party's survival. Ordinary Chinese, rural households and the elderly are seriously affected by the high cost of healthcare and the need to set aside a large portion of savings for medical emergencies (Orlik). This further depresses consumer after the impact of low savings rates. With a bursting of the property bubble the money depositors shifted to real estate is also at risk for middle class investors.
Linked Articles
Wall Street Journal 10/03/2012
Politics Is a Bitter Pill for GlaxoWall Street Journal 07/25/2013
Portugal's austerity measures and economic contraction in 2011-2013- the economic management of the Coelho government
09/23/2012
Linked Articles
Portugal to Seek New Bailout Terms
Wall Street Journal 03/04/2013
Pension Uproar Sours Portugal's RecoveryWall Street Journal 09/23/2012
Bob Woodward and Bill Keller on U.S. president Obama's failure in economic decisionmaking and reaching an agreement on the deficit
09/07/2012
Linked Articles
New York Times 03/03/2013
Notable & QuotableWall Street Journal 09/07/2012
Rep. Paul Ryan, his mentor Jack Kemp, and their focus on the idea of generating economic growth
08/12/2012
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
Calls for a shift in economic policy within China
07/17/2012
Linked Articles
Wall Street Journal 10/03/2012
The World as a FishbowlNew York Times 07/17/2012
Election of a moderate cleric Rohani as Iran's president in 2013 after years of economic discontent from international sanctions.
07/13/2012
Rohani has attended theological seminary. He also attended law school in Tehran University and in Scotland where he completed master's and doctoral degrees in law. This gives him a unique understanding of the concept of the rule of law for an Iranian cleric. He cited his achievement of avoiding international sanctions as chief nuclear negotiator fo president Khatami, contrasting this with the Ahmadinejad years during pre-election televised debates.
Linked Articles
New Iran Leader Seen as Moderating Force
Wall Street Journal 06/16/2013
Iranâs Airliners Falter Under SanctionsNew York Times 07/13/2012
Romney and the potential for a Reagan style economic recovery in 2013-2016- (2) Glenn Hubbard and Krugman
06/06/2012
Linked Articles
New York Times 06/07/2012
Gramm and Hubbard: What a Romney Recovery Might Look LikeWall Street Journal 06/06/2012
Sluggish growth in the second quarter of 2012 points to a slow U.S. economic recovery
06/01/2012
Linked Articles
Wall Street Journal 07/28/2012
Weak Job Growth in May as Unemployment Rate Ticked UpNew York Times 06/01/2012
The Reagan memo with advice by George Shultz and other advisors and the Romney plan for economic recovery in 2012
05/26/2012
Similiarities in the approach of relying on the private sector for investment and job creation, with the Presidents job being to set the tone and put the right policies in place for the long term.
Linked Articles
Gramm and Hubbard: What a Romney Recovery Might Look Like
Wall Street Journal 06/06/2012
The Reagan MemoWall Street Journal 05/26/2012
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