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Bill Gates and David Rieff on the untapped resource for India and the global economy of India's children
10/11/2009
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
Failure of HARP refinance program of the Obama adminsitration and rising mortgage rates.
06/11/2009
Rising rates makes refinancing difficult for homeowners. Mortgage rates reached 5.79% on June 10, 2009.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Rate Rise Clouds RecoveryWall Street Journal 06/12/2009
Paul Krugman responds to Arthur Laffer's points about inflation by saying reversing course would put us back into a steep downturn.
06/11/2009
Krugman says only three times in the past has amajor economy faced a liquidity trap, where there is no more room to cut interest rates. During the depression years, during Japan's lost decade and now. In the previous two situations, in 1937 and 1996, a premature tightening of credit put the economy back into a steep downturn.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Stay the CourseNew York Times 06/15/2009
Treasury data show the 10 year Treasury bond yield went up to 3.78% in April from 3.0% 3 months ago.
06/11/2009
The effect of large Fed purchases of Treasury's may be the reverse of lowering rates, as creditors to the government see rising inflation from the Fed's unprecedented actions.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Fed's Conundrum on Treasury PurchasesWall Street Journal 06/15/2009
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
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
Laffer says inflation and high interest rates are a sure thing with the $1 trillion increase in the monetary base since Sept 2008.
04/23/2009
This is the largest increase in the monetary base in the last 50 years by afactor of 10, and is unlike anything ever experienced before. He sees inflation and rising interest rates as a result surpassing anything seen in the 1970's. Bernanke he says faces a Hobson's choice between contracting the monetary base and putting the economy back in recession and letting things go the way they are resulting in steep inflation. He sees the Fed having the option of increasing the reserve requirements at banks, to restrain the increase in the monetary base.
Linked Articles
Economist 04/23/2009
Get Ready for Inflation and Higher Interest RatesWall Street Journal 06/11/2009
The gap between the admirable comments and clarity of Obama's Georgetown sppech and the growing foreclosures, dramatic drops in business and consumer lending.
04/14/2009
Failure to stem foreclosures and to ramp up business and consumer lending, by taking over insolvent banks and offering loans at attractive rates, is hurting the economy and will lead to further job losses.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Text of Obama Economic SpeechBusinessWeek 04/14/2009
Interest rate swap contracts sold by banks to the city of Detroit in 2005 and the "kiko" derivative contracts sold by banks to exporters in S. Korea before the 2008 global financial crisis
04/03/2009
The huge losses suffered by Detroit and by exporters in S. Korea and how the issues raised were handled in the two places. What takes precedence fairness or contracts, how much of a contract has to be intelligible to the investor and the broader question of why banks needed to write such contracts or conduct business in this way which could hurt their reputation. An example is given by Floyd Norris of NYT where Bankers Trust reputation suffered badly in 1994 for selling such contracts to P&G.
Linked Articles
New York Times 04/03/2009
'Safe Harbor' in Bankruptcy Upended in Detroit CaseNew York Times 12/23/2013
The labor underutillizzation rate may hit 10% in 2010. This is the number to watch because of deepseated changes in the labor markets.
03/09/2009
This raises a number of questions about the economic recovery and calls for new initiatives in retraining and government assistance for companies to hire and retrain.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Jobless Scars Will Outlast the RecessionWall Street Journal 03/09/2009
The idea of one Europe and financial crisis in Eastern Europe.
02/26/2009
How leaders of Germany, France and Britain respond to calls for help from Eastern European countries will determine the future of the European community and the European Union. Will a differentiated approach develop that provides help to the newer members of the EU. Will the Swedish example with the Baltics lead to a supportive role by Germany?
Linked Articles
The bill that could break up Europe
Economist 02/26/2009
Growing Economic Crisis Threatens the Idea of One EuropeNew York Times 03/02/2009
Britain's RBS Bank and the incredulous- huge losses and large bonuses in the "Hard Times" of the 2008 financial crisis and again in 2014
02/09/2009
Linked Articles
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
Royal Bank of Scotland to Slash Costs as Losses DeepenWall Street Journal 02/28/2014
Strategies of newspaper media business as advertising revenue declines- The Washington Post and Britain's Pearson Group
01/20/2009
Linked Articles
Kaplan Division Weighs on Washington Post
Wall Street Journal 05/07/2012
Pearson Expects Strong 2008 EarningsWall Street Journal 01/20/2009
The new coaltiion governement of Liberals and Conservatives in Britain.
10/08/2009
A common program for the 2 parties to attack the U.K.'s budget deficit with spending cuts. A pragmatic sensible approach from Cameron and Clegg.
Linked Articles
Britain's accidental revolution
Economist 05/13/2010
That's more like itEconomist 10/08/2009
The Economist cites IMF economist estimates that the public debt of the 10 largest industrialized countries will jump from 78% to 114% of GDP by 2014, leading to higher interest rates and inflation.
06/11/2009
The rising public debt and its unsustainability is what the future holds. For governments and decisionmakers there are very difficult choices, as fiscaly austerity and premature fiscal tightening or raising interest ratescan choke off a recovery. Raising taxes as happened earlier in Japan's lost decade also can choke off a recovery. Seriously tacklig health care costs and raising the retirement age, are much needed steps.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
The biggest bill in historyEconomist 06/11/2009
Deflation and the bond market pushing up rates in June 2009.
06/11/2009
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Today's Inflation Hawk: The Bond MarketWall Street Journal 06/16/2009
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
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
Two scenes-one of Gates and the other of Sgt. Hyland- and the knot that ties them together.
05/15/2009
Scenes of a rainy night at an airforce base in Delaware, as Defense Sec. Gates prays in a 747 with draped coffins of dead soldiers. And the scene of a maimed soldier, Sgt Hyland, weeping in front of a picture of Specialist Jonathan at a battalion hall in Diyala province. near Baghdad. And the relevance to the wars in Iraq and Afghanistan.
Linked Articles
Wounded Soldiers Return to Iraq, Seeking Solace
New York Times 10/15/2009
Pentagon's Gates Keeps Single-Minded Focus on Dual Wars in Iraq and AfghanistanWashington Post 05/15/2009
In the two areas that government can make aserious difference, foreclosure prevention and bank lending it is failing.
04/15/2009
The government has only indirect influence over the other important variables in the equation for economic recovery, consumption and employment. Through foreclosure prevention and bank lending it can influence consumption and employment. Obama's program while admirable may simply fall short of what is required. Through asimple takeover of insolvent banks the administrationcan implement its own programs for goreclosure prevention and aggressive bank lending at attractive rates, but this has to be done early before business go into permanent retrenchment mode and consumers simply revert to a frugal lifestyle of an earlier generation.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Banks Ramp Up ForeclosuresWall Street Journal 04/15/2009
Bogle at Vanguard Group says we live in an agency society where agents like pension fund managers and mutual fund managers make decisions for us.
04/12/2009
Its this agency society and not an ownership society that we have syas Bogle. Ownership society was 50 years ago. And what did these agents do, they did not ask the questions and exercize their civic obligations in the business sense, which means scrutiny for things like selection of board members, corporate governance, executive compensation and conflicts of interest, and dilution of responsibility where it has to be exercized. Here private equity firm Carlyle Group is shown to have given millions of dollars to get access to New York State pension fund investments in Carlyle Group. In the process pension fund managers made millions of dollars, and Bogle's agents have sold their obligations to fiduciary responsibility.
Linked Articles
He Doesn’t Let Money Managers Off the Hook
New York Times 04/12/2009
N.Y. Pension Deals Seen as Focus of Wide InquiryNew York Times 04/14/2009
The different positions taken by the Europeans and the US and Britain at the G-20 summit.
04/02/2009
The different positions taken by the US and the Europeans and the thinking and culture behind each position.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
Washington Post 04/03/2009
Obama Hits Resistance at G-20Wall Street Journal 04/02/2009
"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
Are the old faces that got the US and Britain into the financial mess also the new faces trying to fix it?
02/09/2009
The new faces are also the ones that were around during the years went financial prudence was not exercized.
Linked Articles
SEC Expected to Name Khuzami Enforcement Director
Wall Street Journal 02/09/2009
British Regulator Quits as Accusations Mount in Banking CrisisNew York Times 02/12/2009
The New York Times Company struggles with debt payments after years of overborrowing.
01/20/2009
Its not clear that the $250 million investment at 14% interest by Carlos Slim of Mexico will be enough as much of the repayment of debt of $1.1 billion comes due in the next couple of years.
Linked Articles
These Times Demand Tough Action
Wall Street Journal 01/20/2009
Billionaire Reaches Deal On Funding For Times Co.Wall Street Journal 01/20/2009
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