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The failure of CEO's before Akio Toyoda to address quality problems at Toyota.
01/28/2010
Quality problems were evident as early as 2006. Both CEO's Okuda and Watanable failed to get agrip on these problems in the midst of rapid expansion.
Linked Articles
Akio Toyoda - Toyota's plan to repair its public image
Washington Post 02/09/2010
Toyota Heir Faces Crisis at the WheelWall Street Journal 01/28/2010
Why the Obama health care law gets an "F" grade from the Dean of Harvard Medical School
11/18/2009
The failure to replace the "fee-for-service" system in favor of capitated payments is cited as one of the main reasons. The other reasons are it does not resolve the issues of introducing competition in quality of care and cost, and continues the practices that disguise the true cost of care with a highly fragmented system of care. In a op-ed, Jeffrey Flier, Dean of the Harvard Medical School, gives a detailed account for the reason for his grading. A poorly drafted or incomplete law says Flier can make things worse, citing the example of the health care law in Massachusetts which is driving up costs, as it does not change the old dysfunctional system's key features such as "fee-for service," and instead tries to build a new system on broken foundations. Pearlstein in the Washington Post says the Obama health care law has addressed the "fee-for-service" problem, but this is really not the case, and Flier's reasoning may be the clue to the deeper problem for the Obama health care law.
Linked Articles
Steven Pearlstein: Eat your broccoli, Justice Scalia - The Washington Post
Washington Post 04/01/2012
Health 'Debate' Deserves a Failing GradeWall Street Journal 11/18/2009
David Rieff provides insights on why all developing countries, Mexico, Brazil, India, Indonesia and China need to take child malnutrition seriously
10/11/2009
The Indian lower house of parliament passed a Food Security bill in August 2013. Rieff says China made serious progress to reduce malnutrition from over 21% for children under 5 years to around 7% today after 1990. In India malnutrition for children under 5 years is above 40%. There is a lot that developing coutnries can learn from each other in this area including the Bolsa Familia program in Brazil which uses the concept of improving vaccination for children and school attendance as requirements for subsidy payments to the poor. Mexico and Indonesia have different versions of programs to help the poorer sections of society. The problem is acute in India because of indifference induced by caste and other considerations and the high level of malnutrition for children. Rief says how good is ademographic dividend when many of these children are permanently and silently impaired by malnutrition by the age of three. India's Congress party leader, Sonia Gandhi, put it differently in parliament: "What is our responsibility to these people?"
Linked Articles
New York Times 10/11/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
Health care cost increases as a critical part of the U.S. deficit problem and why it defies solution (1)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Four Deficit Myths and a Frightening FactWall Street Journal 01/19/2012
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (4)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
ObamaCare's Reality DeficitWall Street Journal 01/08/2011
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (2)
06/17/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Obama's Health Plan Needs Spending Controls, CBO SaysWashington Post 06/17/2009
As the government sells $5 trillion in new debt by one estimate, the problem of an estimated $ 1 trillion in troubled assets on the banks books is being put off for another day.
06/04/2009
The FDIC's Legacy Loans Program's $1 billion pilot program attracts no interest. The Public Private Partnership Program of Secretary Geithner, like Secretary Paulson's TARP program before Geithner, is also unlikely to attract much interest as banks are not willing to take the prices that would require them to show large losses on their books. But this means that these problems are postponed for another day.
Linked Articles
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
Rising Interest on Nations’ Debts May Sap World GrowthNew York Times 06/04/2009
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
IMF Conditionality that ignored people in developing countries and exacerbated crises and the new G20 focus on social help and stimulus spending.
03/31/2009
The new G20 mandate for social help and stimulus spending makes official the new policy direction for the IMF. It and marks the end of old style conditions that worsened the living conditions of people in countries that accepted IMF help, and exacerbated crises. Which is why the very word IMF scares people in S.Korea and in Pakistan and in so many other places.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
Washington Post 04/03/2009
An Empowered IMF Faces Pivotal TestWall Street Journal 03/31/2009
As capital markets shun small biotech startups large drug companies raise money for acquisitios and mergers.
03/16/2009
Drug companies have $155 billion they plan to use for mergers and acquisitions and are tapping the bond markets for funds. Meantime small biotech startups are running short of cash in large numbers. Will this squeeze innovation and new products as startups wither and the mergers run into problems?
Linked Articles
Drug Firms Bet Big on High-Risk Deals
Wall Street Journal 03/17/2009
Cash Dries Up for Biotech Drug FirmsWall Street Journal 03/16/2009
The shift in management at Toyota to Akio Toyoda and the changing priorities as the market changes.
02/24/2009
What worked for Toyota in the past doesn't work anymore, and rapid expansion by CEO's before Akio Toyoda brings a whole range of problems even before the recall disaster of 2010. The company's narrow Nagoya, Japan, based management world view, with hardly any American representation on its Board, only makes things worse.
Linked Articles
Akio Toyoda - Toyota's plan to repair its public image
Washington Post 02/09/2010
A Scion Drives Toyota Back to BasicsWall Street Journal 02/24/2009
The Economist's view of nationalization as an option.
02/03/2009
The Economist says that as in the case of Northern Rock and RBS, because of the scale of the problem and it only getting worse over time, nationalization is the best option. And it says its no use exacerbating the problem by pretending otherwise.
Linked Articles
Economist 02/03/2009
Financial Policy DespairNew York Times 03/23/2009
Money managers Grantham, Rodriguez and Scheiff fears about the economy and IMF Chief Economist Rajan's concern.
01/02/2009
Raghuram Rajan of the University of Chicago, told the 2005 annual Jackson Hole gathering of central bankers economists and finance professionals, that he thought the world had become much riskier with the changes in financial markets in the 18 year Greenspan tenure. He was received rather coldly by others, including former Treasury Secretary Summers. Concerns expressed by Grantham, Rodriguez and Scheiff about these and other problems became louder by the time of the Rajan paper at Jackson Hole.
Linked Articles
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
The Doomsayers Who Got It RightWall Street Journal 01/02/2009
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (5)
11/18/2009
Linked Articles
Health 'Debate' Deserves a Failing Grade
Wall Street Journal 11/18/2009
A grim diagnosis for our ailing U.S. health care system - The Washington PostWashington Post 11/28/2011
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (6)
11/12/2009
Linked Articles
10 Ways to Cut Health-Care Costs Right Now
BusinessWeek 11/12/2009
A grim diagnosis for our ailing U.S. health care system - The Washington PostWashington Post 11/28/2011
World Bank chief Zoellick on the global economy and how to prepare an effective long tem policy
10/02/2009
Zoellick sees the short term Stimulus and central bank monetary easing policies of 2008, as not appropriate to the long term problems of debt reduction and energy price volatility. He emphasizes the need for bridge financing for Spain and Italy though he accepts the German view that credit cannot be provided freely and reforms need to be undertaken. A partial euro bond solution is a step in the right direction.
Linked Articles
World Bank Chief Urges Euro Bonds
Wall Street Journal 05/31/2012
2010 Looks 'Highly Uncertain,' Zoellick SaysWall Street Journal 10/02/2009
Health care spending as a critical part of the U.S. deficit problem and why it defies solution (3)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
A grim diagnosis for our ailing U.S. health care system - The Washington PostWashington Post 11/28/2011
BP, Shell and other foreign oil companies expand production in Iraq in 2012-2014
07/01/2009
Ambitious goals for oil production are set by the Iraqi government as oil companies from the, U.S., Europe, Russia and China, provide the expertise to increase production from older oil fields. Problems of infrastructure and national oil legislation hinder rapid development.
Linked Articles
Crude Oil Output Is Soaring in Iraq, Easing Markets
New York Times 06/02/2012
Oil Companies Reject Iraq's Contract TermsWall Street Journal 07/01/2009
Marchionne gets high marks for the transformation of Chrysler.
06/11/2009
After being run first by Daimler, then by Cerberus private equity, Chrysler has gone through a rough period. Fiat's Marchionne has helped transform Chrysler and given it a viable future.
Linked Articles
CEO Marchionne offers turnaround experience.
Detroit Free Press 06/11/2009
Marchionne is Steady Behind the WheelDetroit News 04/21/2011
S. Korea's second household debt binge in the 15 years since the 1997 financial crisis
05/18/2009
The first period of rising household debt ocurred with the credit card boom when the government promoted consumer spending as a way to stimulate the economy. By 2003 this became a serous problem and the government rescued a credit card issuer in 2003. Household debt is again a major problem in 2012 with the increasing number of companies in financial lending that are not regulated.
Linked Articles
Notes From Another Credit Card Crisis
New York Times 05/18/2009
S. Korea tries to curb mounting debt and avert a crisis - The Washington PostWashington Post 07/09/2012
Gaps and flaws in the stress tests could cause problems later on
04/26/2009
How the Citigroup stress test conclusion does not match up with large pending losses in aworst case scenario. The ineffectiveness of the regulatory structure, as the FDIC is burdened with a large loss sharing agreement with Citigroup, but has not been able to get a change in the management at Citiigroup so that action is speeded up.
Linked Articles
Wall Street Journal 06/05/2009
The Stress Test ResultsNew York Times 04/26/2009
Geithner's Plan for Toxic Assets
03/23/2009
Experts are doubtful Geithner's plan of March 23, 2009 for toxic assets will work. Its similiar to plans previously announced by Paulson in the Bush administration. Views of Krugman, Eavis and Reinhart. If lack of confidence and lack of liquidity were the only problems they say, government money as incentives might work, but the problem is more basic and structural. These mortgage securities are from a time of easy money, now investors are shy of risks and would discount them even more as a safety factor, and banks would not want to sell them at that price. Are stress tests and nationalization of failed banks around the corner?
Linked Articles
Why Congress Will Kill the Bank Rescue
Wall Street Journal 03/24/2009
Geithner's Gamble Needs SpeculatorsWall Street Journal 03/23/2009
The administration's idea that somehow the bad asset problem can be solved by wishful thinking.
03/06/2009
Can a bad asset at abank really be disposed off through private investors purchases with the help of government money? Under the current circumstances who will decide the value of an asset, and would banks be willing to sell them at 40 cents when they see them worth 50 cents on the dollar?
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
The Big DitherNew York Times 03/06/2009
America's situation may be worse than Japan's because of the combination of household debt and toxic assets.
02/12/2009
Household debt at 96% of GDP is an additional problem that America faces in addition to toxic assets, that may make the American crisis worse than Japan's lost decade or two.
Linked Articles
Economist 02/12/2009
Frugality Forged in Today's Recession Has Potential to Outlast ItWall Street Journal 04/06/2009
A shortsighted approach to a solution for oreclosures that is the root of the problem
01/05/2009
A lot of the discussion gets stuck somewhere depending on whose blinkers you put on, when the issue of who started the forest fire in the economy that foreclosures have become. This prevents a rational solution, and the taking of clear decisive steps to fix it before its too late.
Linked Articles
Wall Street Journal 03/02/2009
Housing Push for Hispanics Spawns Wave of ForeclosuresWall Street Journal 01/05/2009
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