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The importance of vocational training in cities like Dayton, Ohio, with historically low college graduation rates
05/28/2012
These cities are being squeezed by high unemployment and declining incomes from lower paid manufacturing jobs. This makes college education more elusive than ever, and much worse so with the over $1 trillion in college debt in the U.S with spiralling cost of higher education. Vocational training in higher paid fields for families that cannot afford college and children who are not likely to go to college, is the only way not to leave behind a generation of growing children behind in these cities. It is an issue of the utmost importance for renewing America's smaller cities that do not have the advantages of San Francisco, Washington D.C. and Raleigh, S. Carolina, with their advanced university and technology hubs and access to finance.
Linked Articles
As College Graduates Cluster, Some Cities Are Left Behind
New York Times 05/30/2012
It’s time to drop the college-for-all crusade - The Washington PostWashington Post 05/28/2012
Obama and election advisor Plouffe- responsible governance, Simpson-Bowles and an election imprint on "everything"
05/26/2012
A White House aide says election advisor David Plouffe's influence affected "everything" in the Obama White House. Tom Friedman points to the influence of campaign consultants on the White House as overreaching and pervasive, going so far a to describe the campaign being developed in test tube fashion. Karl Rove pointed to president Obama keeping an eye on reelection 18 months before Nov. 6, 2012, as not a positive development. Friedman specifically mentions president Obama's failure to endorse the Simpson-Bowles commssion on deficit reductions as part of the imprint of election advisors because reducing tax expenditures or deductions might prove politically unpopular. Yet this was part of responsible governance to take on unpopular positions- something other presidents, including Democratic president Truman, did not fail to do choosing instead to educate pubic opiion on difficult steps needing to be taken. Truman took the decisions head on such as confronting the soviets in Greece and other parts of Europe and in Korea after the fall of the Iron Curtain, so soon after a major war when the public was weary of conflict.
Linked Articles
Obama Adviser's Strategy Is High Risk, High Reward
Wall Street Journal 10/31/2012
President Obama Should Seize the High GroundNew York Times 05/26/2012
How JP Morgan Chase let its London trading desk operate without risk management controls leading to large losses
05/18/2012
CEO Dimon is described as distracted by other issues. Ina Drew, the seasoned head of the Chief Investment that manages a $300 billionplus portfolio after the merger of other failed banks into JP Morgan Chase in 2008-2009, contracts Lyme disease in 2010 and is no longer the hands on person when she returns in 2011. Ms. Duersten, in charge of the North American trading desk at the New York office leaves in 2011 after 16 years at Chase. The controls over the London trading desk from New York are slipping away and Mr. Iksil and Mr. Macris of the London trading desk take massive trading positions to expose Chase to large losses. CEO Dimon learns about the Chase trading positions and the London Whale (Mr Iksil) from the Wall Street Journal on April 6, 2012, for the first time, astounding the business community and the financial world.
Linked Articles
Discord at JPMorgan Investment Office Blamed in Huge Loss
New York Times 05/19/2012
Inside J.P. Morgan's BlunderWall Street Journal 05/18/2012
Criticism of Japan's central bank on the lack of an activist monetary policy to support economic growth 2010-2012
05/07/2012
Shinzo Abe of the LDP, the leading candidate for prime minister after general elections in Dec. 2012, says he will appoint a new central bank chief who supports an activist monetary policy. Abe supports the BOJ setting an inflation target of 2% compared to the 1% under current Bank of Japan chief Shirakawa. Both the governing DPJ and the LDP parties are strongly critical of Shirakawa and prefer to see an activist stance against deflation similiar to the one Ben Bernanke is taking against unemployment in the U.S. Abe returns to power after becoming LDP prime minister following the government of Junichiro Koizumi.
Linked Articles
Vote Challenges Japan's Central Bank
Wall Street Journal 12/13/2012
Pressure Rises on BOJ to Reach Inflation TargetWall Street Journal 05/07/2012
De Anza College in Cupertino, California where a Apple co-founder got his start and the implications of tax avoidance strategies
04/28/2012
A U.S. Senate Report in May 2013 points to tax avoidance strategies by Apple, and Apple CEO Tim Cook appears before a Senate hearing. EU leaders meet in Brussels to address the problems of tax avoidance by digital companies which aggravate the budget deficits of EU countries, especially at a time of cutbacks in infrastructure spending and education that supports the digital companies access to to human resources. De Anza College in Cupertino is where on of the Apple cofounders went to school. The head of the college describes the effects of cutbacks in funding on the college. On the other side of the Atlantic Fredrik Reinfeldt, Sweden's prime minister makes a similiar case saying the digital companies need access to infrastructure and educational centres which makes the payment of taxes used to fund this necessary for the whole system not to fall into dysfunction.
Linked Articles
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Europe Tackles Tax EvasionWall Street Journal 05/22/2013
Toyota's strategy with the International Multipurpose Vehicle (IMV) and Renault's with the Logan and Dacia models
04/07/2012
Toyota goes after the lower price points in emerging markets with the IMV series. Renault goes for a lower price point for buyers in its home markets in France and the rest of Europe with its Dacia and Logan models. Both are expected to cross the 1 million mark sales point in 2012. Renault achieves a 6% operating margin on the low price point vehicles priced at around $10,000, breaking the myth that lower price points cannot generate profits.
Linked Articles
Toyota Pushes Emerging-Markets Production
Wall Street Journal 04/07/2012
Renault Takes Low-Cost LeadWall Street Journal 04/16/2012
U.S. Federal Reserve policies leading to boom and bust periods for the U.S. economy and the S&P near 1500 in March 2012
03/29/2012
During a 6 month period between October 2011 and March 2012 the S&P 500 moves from a low of 1037 on October 27, 2011, to 1420 in March 2012. This followed another round of quantitative easing by the Federal Reserve following an earlier round in 2010.
Linked Articles
S.&P. 500 Dips After Fed Signals No New Stimulus
New York Times 04/04/2012
The Dangers of an Interventionist FedWall Street Journal 03/29/2012
China's building of its strategic oil reserves in 2011-2012 and pressure on oil prices in 2012 (1)
03/18/2012
Linked Articles
China Seen Bolstering Oil Reserves
Wall Street Journal 04/11/2012
Fears of a 2008 Repeat for OilWall Street Journal 03/18/2012
China's Stimulus plan in 2012-2013 and the problem of "uncoordinated, unbalanced and unsustainable development"
03/06/2012
China's premier Wen Biao told the National People's Congress, China's parliament, in March 2012, that it was urgent to tackel the "problem of uncoordinated, unbalanced, and unsustainable development." He called for "an acceleration of the transformation" of the economic model towards consumption and away from exports and infrastructure spending. The accelerated approval of 254 investment projects in May 2012 puts off this task of rebalancing development for China and the world economy. With slowing growth in China and the last Stimulus of 2008 having propelled the housing bubble, the options were limited. A decrease in the reserve requirement by 0.5% in 2012 for China's banks was not expected to spur growth because lending was not expected to increase, as the demand for loans is low. A sharp falloff in growth below 7% was feared leading to the acceleration in investment.
Linked Articles
China’s stimulus policy means trouble down the road - The Washington Post
Washington Post 05/31/2012
China Speeds Economic 'Transformation'Wall Street Journal 03/06/2012
Greece and EU in 2015- (6) What went wrong? What errors were made by the IMF and Germany 2010-2012?
02/22/2012
Linked Articles
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
The Tragic Greek SideshowWall Street Journal 02/22/2012
Changes to labor laws in Italy and Spain to increase competitiveness and accompanying culture change (1)
02/10/2012
The significant changes underway in labor laws that should increase productivity and competitiveness of Spain and Italy. The need for the culture change that goes with this.
Linked Articles
Italy Official Seeks Culture Shift in New Law
Wall Street Journal 06/27/2012
Spain Approves Changes to Labor PolicyNew York Times 02/10/2012
Renewed warnings in 2013-2014 for the housing price bubble in China (1)- Krugman, Nomura's Zhang and Chen
12/18/2011
Linked Articles
New York Times 12/18/2011
Economists: China Mirrors U.S. on Eve of Financial CrisisWall Street Journal 03/18/2013
The U.S. unemployment rate and the long term unemployed dropping out of the labor market (1)- 2010-2013
12/10/2011
Harvard labor economist Lawrence Katz says the long term unemployed who are dropping out of the labor market represent one of three job crises facing America. The other two are the effects of manufacturing automation reducing demand for workers in new plants, and the effects of foreclosures and debt.
Linked Articles
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
The Next First (and Only) 100 DaysNew York Times 12/10/2011
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
The P5+1 talks with Iran in Istanbul and Moscow to end the Iranian nuclear program
05/25/2012
Linked Articles
Iran, U.S. Agree Only to Resume Their Talks Next Month
Wall Street Journal 05/25/2012
Iran Nuclear Talks Are to Continue as Their Tone Heats UpNew York Times 07/04/2012
Trading losses at the Chief Investment Office of JP Morgan Chase that CEO Jamie Dimon discovers on the pages of the Wall Street Journal, April 6, 2012
05/18/2012
Linked Articles
Wall Street Journal 05/18/2012
Tracking the Trade: Timeline on J.P. Morgan’s London WhaleWall Street Journal 07/13/2012
Greece, Europe and the Austerity measures- "a swimmer underwater who needs to be able to take a breath" (1)
05/03/2012
Austerity measures alone cannot address the financial problems in the eurozone countries of Greece, Ireland, Portugal, Spain and Italy. The need to create opportunities for economic growth.
Linked Articles
Election Heralds Power Shift in Alliance With Germany
Wall Street Journal 05/03/2012
France Reassures Greece on Euro Zone MembershipNew York Times 08/25/2012
How a law from the 1980's requiring use of jute bags for storage creates problems for food storage in India (1)
04/13/2012
Linked Articles
India's Grain Storage Comes Up Short
Wall Street Journal 04/13/2012
Indian Fiber Weaves a CrisisWall Street Journal 06/23/2012
Something for nothing- the political class vs. renewal of the U.S. economy
03/29/2012
New York Mayor Bloomberg, and an editorial in the Washington Post after the Supreme Court hearings on the health care mandate and Medicaid expansion, describe the challenge facing America. The political class in the U.S. is quite content with promising something for nothing, which Bloomberg calls delusional.
Linked Articles
The Supreme Court’s civics lesson - The Washington Post
Washington Post 03/30/2012
Federal Budgets and Class WarfareWall Street Journal 03/29/2012
The U.S. Supreme Court hearings on the Obama 2010 U.S. health care law and the Medicaid issue
03/29/2012
Linked Articles
Justices Question Extent of Federal Power
Wall Street Journal 03/29/2012
A Constitutional AwakeningWall Street Journal 03/29/2012
The sharp slowdown facing Brazil's economy in 2012-2013
03/07/2012
GDP growth slowing to about 2% and inflation at 6% expected for 2012.
Linked Articles
As Prices Rise in Brazil, So Do Worries
Wall Street Journal 07/30/2012
Brazil's Economic Growth FaltersWall Street Journal 03/07/2012
Boeing's efforts to get the Dreamliner 787 program back on track (1)
02/25/2012
Linked Articles
Wall Street Journal 02/25/2012
Boeing Hits a MilestoneWall Street Journal 06/08/2012
Greece and EU in 2015- (4) How are the structural issues such as tax evasion in Greece being tackled, after Monti's effort to tackle this in Italy in 2012?
02/18/2012
Surprisingly the Syriza government in 6 months in office did not come up with a plan to implement for tax evasion. This was a major issue for the IMF and in Greece's interest, even though it was going contrary to long standing practice in Greece as it was in Italy. Estimates of lost revenue are about $11 billion each year for tax evasion. By comparison the IMF payment due was less than $2 billion on June 30, 2015. Sustainable long term finances make this a major issue in Greece's own interest. Greece has an aging population and the number of retirees are growing in relation to young working people making this an important issue for stable finances under any administration, and regardless of the euro.
Linked Articles
How Greek tax evasion sunk the global economy
Washington Post 07/10/2012
A Hollow Target for Greek DebtWall Street Journal 02/18/2012
The army and the judiciary supporting democratic processes in Pakistan (1)
01/22/2012
Linked Articles
Pakistan Vote to Test Army's Willingness to Cede Power
Wall Street Journal 05/09/2013
Pakistan High Court Widens Role and Stirs FearsNew York Times 01/22/2012
Natural gas as the dominant source of new power generation capacity in 2012-2035 (1)
12/12/2011
Energy Information Administration forecast for 2010-2035 shows 58% of new additions of power generation capacity coming from natural gas. The new availability of shale gas is leading to a surge in use of natural gas. Only 4.3% will be nuclear, dampening the development of nuclear energy. Renewables will be 29%. This is a major development in how America looks at energy.
Linked Articles
Cheap Natural Gas Unplugs U.S. Nuclear-Power Revival
Wall Street Journal 03/15/2012
America's New Energy SecurityWall Street Journal 12/12/2011
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