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The Bill and Melinda Gates Foundation will invest $290 million in a program to be launched at selected school districts. The programs are designed around improving teacher effectiveness and new personnel systems.
Linked Articles
Bill Gates Seeks Formula for Better Teachers
Wall Street Journal 03/22/2011
Bill Gates - How teacher development could revolutionize our schoolsWashington Post 02/28/2011
Estimates on muni-bonds default range from the high side presented by Meredith Whitney to the more moderate estimate of $100 billion over several years by Roubini.
Linked Articles
Muni Default Estimate: $100 Billion
Wall Street Journal 03/02/2011
In Muni-Bond Ills, Danger and HopeWall Street Journal 02/09/2011
Nathan Sharansky makes the case for democracy. Rice talks about the long arc of history and trusting America's best idea and the principles of 1776, as a guide that will serve us well. Sharansky is a former human rights activist from the former Soviet Union, who worked with Soviet physicist Andrei Sakharov for human rights and democracy before the fall of the Berlin Wall.
Linked Articles
Condoleezza Rice - The future of a democratic Egypt
Washington Post 02/16/2011
Democracy's Tribune on the Arab AwakeningWall Street Journal 02/05/2011
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
Linked Articles
Abbott Laboratories to pay $1.6 billion over illegal marketing of Depakote - The Washington Post
Washington Post 05/08/2012
Abbott Hired Barred DoctorWall Street Journal 12/06/2010
The price of rapid industrialization in China being paid by children of migrant workers and their parents- about 200 million people or close to 20% of the population. Government policy requires migrant workers leaving rural areas to work in factories to leave behind their children.
Linked Articles
Left-Behind Children of China's Migrant Workers Bear Grown-Up Burdens
Wall Street Journal 01/17/2014
Lixin Fan, Trailing Chinese Migrant WorkersNew York Times 08/27/2010
The budget deficits, Reagan's Budget director says, developed to this point after decades of irresponsivble budget behaviour that has lasted gone on for four decades. He says the Greece style deficit of 120% of GDP for the USA by 2015 calls for austerity.
Linked Articles
Four Deformations of the Apocalypse
New York Times 07/31/2010
Crisis Awaits Worldâs Banks as Trillions Come DueNew York Times 07/11/2010
The visible strains in the lives of migrant workers employed in China's factories.
Linked Articles
A Night at the Electronics Factory
New York Times 06/18/2010
Lixin Fan, Trailing Chinese Migrant WorkersNew York Times 08/27/2010
The high margins for Apple achieved through a combination of keeping costs low- even at the risk of providing poor wage and working conditions for the majority of employees employed in the retail stores in the U.S. and in supplier Foxconn plants in China- and by a grasp for innovation and technology. The paradox of a well deserved image for pioneering in technological innovation and the indifference to working conditions and prospects for employees who add value in manufacturing and customer interface. This model of growth is a recent development, put in place after 1997. In 1995-1997 Apple was nearing collapse under Michael Spindler and Gil Amelio, as documented by WSJ technology reporter Jim Carlton in his book- "Apple- The Inside Story of Intrigue, Egomania, and Business Blunders." Steve Jobs returned as CEO in 1997 and set the future course and this model in place emphasizing design, his ability to grasp technologies that would appeal to customers, and hired Tim Cook to set up the manufacturing which had high rate of defects and higher costs. The model was as full of paradoxes, of genius combined with mediocre behavioursas the man Steve Jobs. Tim Cook has responded to criticism in 2012 by having the Fair Labor association audit Foxconn plants in China. Foxconn increased wages in 2012, shifted plants to the interior of China, and increased use of robotics.
Linked Articles
Wall Street Journal 05/29/2010
Apple Stores Army, Long on Loyalty but Short on PayNew York Times 06/23/2012
It costs about $6 millon a day for BP to fix the oil spill in the Gulf of Mexico in May 2010. It cost Toyota much more to make the larger recall and in lost sales and the damage to its image than the $100 million estimated saving by efforts to limit the recall.
Linked Articles
Drilling Down: A Troubled Legacy in Oil
Wall Street Journal 05/01/2010
Toyota Cited $100 Million Savings After Limiting RecallNew York Times 02/22/2010
In 2004 Indonesian managers showed Franck Riboud, CEO of Danone, a pyramid of customers in Indonesia's population of 240 million people. It showed only 20 million customers at the top of the pyramid as the only ones who could afford Danone products. At that point Ribaud made up his mind to go after the large number of people at the lower end of the pyramid and come with strategies to do this profitably. By 2010 46% of Danone's sales were from emerging markets, up from 10% a decade earlier, showing the pace of the change. Unilever, P&G, Nestle, Colgate-Palmolive and other companies are following similiar strategies. P&G has used Mexico as a lab for experimenting with new products at low price points and Danone has done this in Indonesia.
Linked Articles
Danone Expands Its Pantry to Woo the World's Poor
Wall Street Journal 06/25/2010
P.& G. Sees the World as Its ClientNew York Times 12/12/2009
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
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
Problems with data from China's Bureau of Statistics which do not accurately reflect the economic conditions in China.
Linked Articles
Chinese Data Said to Be Manipulated, Understating Slowdown
New York Times 06/22/2012
China Scraps Property Data, Clouding ViewWall Street Journal 02/17/2011
A more moderate estimate by Roubini of $100 billion. The serious problems in state and local governmet finances in the U.S.
Linked Articles
Muni Default Estimate: $100 Billion
Wall Street Journal 03/02/2011
Meredith Whitneyâs Muni Bond Prediction Draws ScrutinyNew York Times 02/07/2011
Israeli opinion is gradually shifting from fears and uncertainty about the situation in Egypt to hope that the Peace Treaty with Egypt will be preserved. The poor economic conditions in Egypt and the need to attract foreign aid and foreign investment reinforce the view that new leaders from the Muslim Brotherhood in Egypt will focus on economic issues. Ehud Barak put this clearly when he said early in the Arab Spring that the movement towards democracy in the Middle East is setting the pathway to modernity.
Linked Articles
Israelis Cling to Faith in Peace Treaty
Wall Street Journal 05/24/2012
Islamists at the GatesNew York Times 02/01/2011
Linked Articles
Frenzy Over Teaching Test Points to Italyâs Woes
New York Times 12/24/2012
Lack of Jobs in Southern Europe Frustrates the YoungNew York Times 01/01/2011
Jospeh Stiglitz writing in the Guardian in 2010, at the time of the first Osborne Budget, said it was a huge gamble that the private secotr would pick up enough to make up for the impact of the budget cuts. Lower growth would mean lower tax revenues and deficit reduction targets would be missed. Krugman points out that the 490,000 job losses planned through attrition under the Osborne plan is similiar to 3 million in job losses in the U.S., a huge risk for the British economy.
Linked Articles
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/2010
British Fashion VictimsNew York Times 10/21/2010
Linked Articles
End of China’s One-Child Policy Stings Its ‘Loneliest Generation’
New York Times 11/13/2015
Lixin Fan, Trailing Chinese Migrant WorkersNew York Times 08/27/2010
Greece's left Syriza government almost pulled the country out of the eurozone over pension cuts, even as military spending in Greece remained at 2.4% of GNP compared to close 1.4% for the EU average. Greece did not propose further cuts to military spending to bring the Greece ratio closer to that of Germany and other countries in Europe, raising questions about prudent spending. Which is why Greece sometimes has aspects of the surreal to people not just in Germany and Holland, but other parts of Europe, and outsiders. Under the reform proposal and bailout of July 12, 2015 following the "no" referendum, Greece's parliament voted overwhelmingly in favor of the similiar cuts in pensions from an earlier EU proposal, with cuts of $300 million to the military spending by 2016. Greek shipowners will also pay taxes under the new bailout, negotiated by Greece with France's help when the referendum had damaged relations with the rest of the EU, particularly Germany with only 10% in polls willing to support any further concessions.
Linked Articles
Wall Street Journal 07/11/2015
The Submarine Deals That Helped Sink GreeceWall Street Journal 07/10/2010
Linked Articles
Chinese Walls, Pocked With Peepholes
New York Times 06/11/2010
Recipes for Ruin, in the Gulf or on Wall StreetNew York Times 06/11/2010
Shiker and El-Erian's views on the risks to gorwth.
Linked Articles
Wall Street Journal 05/22/2010
Fear of a Double Dip Could Cause OneNew York Times 05/14/2010
Dangers for Britain, USA, China and other countries.
Linked Articles
Beware the Crisis around the corner
Financial Times 01/04/2010
Fed chief Bernanke urges better financial regulation to prevent crisesWashington Post 01/04/2010
Linked Articles
Commonly Used Chemicals Come Under New Scrutiny
New York Times 05/01/2015
Cancer From the Kitchen?New York Times 12/06/2009
The challenge of getting hundreds of millions of rural Indian children into the development mainstream through better healthcare, pharmaceuticals, nutrition, education and agricultural improvement is the next major challenge for India and the global economy. It is a huge untapped resource for India and the global economy.
Linked Articles
Bill Gates: What I Learned in the Fight Against Polio
Wall Street Journal 11/10/2013
India’s Malnutrition DilemmaNew York Times 10/11/2009
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