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The Wall Street Journal calls the June 2011 E.U. plan for Greece "the French deception," and the Economist says it is doomed to failure
06/30/2011
Doubling the interest rate on loans owed by Greece to French and German banks is called "the French deception" by the Journal . The Economist sees the sharp spending cuts and tax increases having enough detrimental impact on economic growth to make the debt load larger than before.
Linked Articles
Greece and the euro: The abuses of austerity
Economist 07/02/2011
The French DeceptionWall Street Journal 06/30/2011
Pernambuco and other states in Brazil's northeastern region- lack of investment in public health, education and transportation services infrastructure
05/21/2011
During the boom years much of the investment, about three fourths of the growth rate of over 4%, came from infrastructure investments that supported exports of soyabeans, iron ore and other commodities to China. Under the Worker's party socialist governments that get much of their support from the northeast, this disguised the low investments in public infrastructure services for drinking water, health sanitation, public schools and transportation services. This is a problem in developing countries of Latin America, South Asia, and Africa, with some regions lagging behind in essential infrastructure services, even with high growth rates.
Linked Articles
The Brazilian Doctors Who Sounded the Alarm on Zika and Microcephaly
Wall Street Journal 01/30/2016
Brazil's north-east: Catching up in a hurryEconomist 05/21/2011
India's central bank, the Reserve Bank of India's efforts to control inflation in 2010-2011
05/04/2011
The RBI made a a series of rate increases to control inflation.
Linked Articles
India's Inflation Is a Lesson for Fast-Growing Economies
Wall Street Journal 09/12/2011
India Lifts Benchmark Rates as Prices ClimbWall Street Journal 05/04/2011
The mismatch in skills that will make it harder to bring down the unemployment rate in the U.S. in 2012-2013
03/15/2011
Labor Department and other information points to a serious skills crisis in the U.S. that will make it harder to tackle unemployment.The lack of emphasis on jobs training by the Obama administration is also making the situation harder to tackle.
Linked Articles
On Jobs, No Time for a Celebratory Beveridge
Wall Street Journal 04/11/2012
Many Workers Seen Lacking Skills for New JobsWall Street Journal 03/15/2011
Bill Gates calls for targeted investment in education
02/28/2011
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
Rand Paul and the presidential election of 2016
02/02/2011
Linked Articles
Midterm Elections 2014: Rand Paul Is Go-To Republican for 2014 Candidates
Wall Street Journal 11/05/2014
Rand Paul: No ‘Great Compromiser’Wall Street Journal 02/02/2011
Fitting a long term trend line to the Case-Shiller Index Peter Schiff says the index should be at 126. It was 159 in Oct 2010.
12/30/2010
Linked Articles
The Sickness Beneath the Slump - Economic View
New York Times 06/11/2011
Home Prices Are Still Too HighWall Street Journal 12/30/2010
The U.S. Federal Reserve's increased purchase of Treasury debt with QE1 and QE2 and only slight increase in economic growth in the U.S.
10/07/2010
IHS Global Insight, Macroeconomic Advisors, and Moodys Analytics models showing insignificant impact on U.S. from QE1, QE2 efforts. Nigel Gault, IHS Global Insight's model showing only a 0.1% increase in U.S. growth rate from $500 billion of purchases by the U.S. Federal Reserve.
Linked Articles
QE2-Inspired Stock Rally May Soon Disappear
Wall Street Journal 08/08/2011
Fed’s $2 Trillion May Buy Little Improvement in JobsBusinessWeek 10/07/2010
Erfurt, Thuringia, Germany- (1) in 2010 20 years after reunification of Germany, and Erfurt in 2015 as it copes with a wave of refugees in 2015
09/30/2010
Linked Articles
Empathy and Angst in a German City Transformed by Refugees
New York Times 09/11/2015
For Some Germans, Unity Is Still Work in ProgressNew York Times 09/30/2010
Local governments and state-owned companies are fueling a real estate bubble in China in 2009-2010.
07/29/2010
Northwestern University Prof. Shih estimates that state banks in China hold $1.68 trillion in debt of local investment companies which invest for local governments. In many cases the banks have little collateral. The central government in China aggressively supported this lending to quickly get money to projects in the aftermath of the 2008 financial crisis, but this may have backfired with money going into speculation and building a bubble.
Linked Articles
Chinaâs Real Estate Boom and Conflicting Policy
New York Times 08/01/2010
Where China Hides Its DebtBusinessWeek 07/29/2010
The shift to digital for newspapers in the U.S. with shrinking number of journalists to cover local and national news- 2010-2015
07/29/2010
Linked Articles
New Orleans Times-Picayune to limit printing to three days per week - The Washington Post
Washington Post 05/25/2012
Mixed Ad Message From NewspapersWall Street Journal 07/29/2010
Greece's referendum and the 3 year bailout of July 12, 2015- military spending, shipowners taxes, and cuts to pensions
07/10/2010
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
Tan Guocheng and Yuan Yandong- migrant workers on production lines in China and change in 2010-2013
06/13/2010
David Barboza's exceptional journalism talking to production workers on assembly lines in China. Here he tells the story of Tan Guocheng and Yuan Yandong, young migrant workers on assembly lines at Honda and Foxconn in the middle of major changes in China after the first wave of urbanization.
Linked Articles
In China, Unlikely Labor Leader Just Wanted a Middle-Class Life
New York Times 06/13/2010
A Night at the Electronics FactoryNew York Times 06/18/2010
Lawrence Lindsey says the Fed has got itself boxed in with little choice but to keep interest rates low
06/15/2011
Federal Flow of Funds Report for 2011 by the U.S. Federal Reserve shows 61% of net Treasury issuance was purchased by the Fed. Lindsey points out that the Fed has itself boxed in to keep rates low for years because for the U.S. government to borrow at more normal rates of 5.7% rather than the 2.5% at which it borrows today, would mean an addition $800 billion in interest costs by 2021.
Linked Articles
Demand for U.S. Debt Is Not Limitless
Wall Street Journal 03/28/2012
Notable & QuotableWall Street Journal 06/15/2011
Austerity measures and economic contraction in Portugal 2010-2013- the terms of the 2011 EU-IMF loan agreement with Portugal
05/05/2011
The forecasts of higher unemployment reaching 17% and economic contraction of 7% for 2011-2013 are widely diverging from the original estimates in 2011 by EU and IMF officials. This increases the urgency for reappraisal of the terms of the original agreement including borrowing rates, giving more time to achieve deficit targets, and other action to put Portugal back on the road to growth in 2014.
Linked Articles
Portugal to Seek New Bailout Terms
Wall Street Journal 03/04/2013
Government Sees Deep Recession Ahead for PortugalNew York Times 05/05/2011
Apple's low tax rate of 9.4% on global profits
03/24/2011
Companies ranging from Apple and Google to GE pay low tax rates. The New York Times reports that corporate share of U.S. tax receipts dropped from 30% in the 1950's to 6.6% in 2009. This has a serious impact on states and local governments and the federal government as they cut essential services and education to balance their budgets or lower deficits.
Linked Articles
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
G.E.'s Strategies Let It Avoid Taxes AltogetherNew York Times 03/24/2011
Bill Gates and U.S. Fed chairman Bernanke call for investment in education
03/02/2011
The message to lawmakers at a time of spending cuts: don't shortchange education, because it is critical to America's future.
Linked Articles
Bill Gates Seeks Formula for Better Teachers
Wall Street Journal 03/22/2011
Bernanke to budget-cutting state and local governments: Don't shortchange educationWashington Post 03/02/2011
Statistical problems with China's government statistics which understate the housing bubble and overstate the rate of growth in 2011-2013
02/17/2011
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
The unemployment rate and participation of young people in the U.S. labor force
01/08/2011
Linked Articles
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Jobless Rate Masks Depth of Labor WoesWall Street Journal 01/08/2011
Stiglitz and Krugman point to the dangers in the Cameron-Osborne austerity measures in Britain
10/20/2010
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
The warnings on trade in 2010-2011 and sharply shifting public sentiment in the U.S. across all age, income and education groups
10/02/2010
A WSJ poll in 2010 showed that between 1999 and 2010 public sentiment had completely changed seeing trade as hurting American workers. A study by counties in the U.S. by Autor, Hanson, and Dorn showed the damage done by trade policy for American manufacturing workers. By March 2016 in the U.S. presidential election Michigan primary large gains were made by Republican and Democratic candidates opposing trade agreements including TPP negotiated by president Obama.
Linked Articles
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
Americans Sour on TradeWall Street Journal 10/02/2010
Germany's second quarter 2010 growth of 9% is unsustainable.
08/14/2010
The downside to the lower unemployment rate is the rapid growth in the low-wage sector in Germany. Consumer spemding is tight in Germany and the surge in exports cannot last. The contrast between the impact of German gorwth on the countries in Northern and Southern Europe.
Linked Articles
Germany Propels Growth in Euro Zone
Wall Street Journal 08/14/2010
German Workers' Wages Belie Country's ReboundWall Street Journal 08/17/2010
The threat posed by China's local government debt to China's banking and financial system
07/29/2010
Because of the opaqueness of the financial system the estimates of the local government debt varies from 27% to 42% of GDP. Prof Shih of Northwestern University, an expert on this subject, now estimates this to be $2.6 trillion or 42% of GDP. Other estimates from the National Audit Office put this at 27% and from China's central bank put this at 30%. Prof Shih's earlier estimate was 34%. Because of the large number of local government entities and the lack of transparency the figures may actually turn out to be higher as China's regulators and other analysts improve their estimates. The 42% estimate is $2.6 trillion in local government debt. China's large foreign exchange reserves of $3 trillion and low interest rates will give China some space for addressing the problem with another round of injection of capital into the banking system.
Linked Articles
Wall Street Journal 06/28/2011
Where China Hides Its DebtBusinessWeek 07/29/2010
Expert opinion on the Financial Reform Bill of 2010.
07/16/2010
Linked Articles
Wall Street Journal 07/16/2010
Experts Grade the Financial LegislationWall Street Journal 07/16/2010
The paradox of low U.S. productivity growth holding back wages in 2015-2016 (2)- Apple, Google, Facebook and low productivity improvement since 2005
07/01/2010
Linked Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
The Mystery of Declining Productivity GrowthWall Street Journal 05/15/2015
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