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Harvard economist Katz on the jobs crisis facing the U.S. in 2012 and solutions
12/10/2011
Linked Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Hope and Change: Part TwoNew York Times 11/07/2012
Britain, the eurozone crisis and a mood shifting towards Britain's exit from the European Union
12/07/2011
A British mood moving away from the positive engagement its economy needs with its largest trading partner, the other nations of the European Union. A Opinion/Observer poll in Nov. 2012 shows a majority of people in Britain would vote yes on a referendum to leave the European Union.
Linked Articles
New York Times 11/22/2012
Britain Suffers as a Bystander to Europe's CrisisNew York Times 12/07/2011
The U.S. Supreme Court's review of the health care law in 2012 and the Wickard-Filburn decision of 1940
11/15/2011
In the Wickard-Filburn decision the U.S. Supreme Court unanimously ruled against an Ohio farmer, Mr. Filburn, who questioned a federal law that imposed a penalty for every extra bushel of wheat grown beyond a stipulated amount. The briefs presented by both parties present arguments about what are the limits of federal power under its powers to regulate interstate commerce and in what circumstances- with the Obama administration arguing that it imposes larger costs on people in all states if some people refuse to buy insurance.
Linked Articles
At Center of Health Care Fight, Roscoe Filburn's 1942 Case
New York Times 03/19/2012
Health Insurance and the Broccoli TestNew York Times 11/15/2011
Efforts by Poland to maintain control of its banking sector as Western European banks withdraw from Eastern Europe
11/14/2011
Linked Articles
Poland Trying to Build Banks' Defenses
New York Times 04/13/2012
Polish Bank Chief Builds DefensesWall Street Journal 11/14/2011
Reagan-Bush and Obama on immigrants- A Reality Check
09/29/2011
A Better Way. The question of who was more humane in their response is one for the public in a nation of immigrants. Bush and Reagan stood up for the state paying for illegal immigrant children getting schooling in the straightforward honest way to a difficult question in the primary debates years ago. There is no empty rhetoric when Bush says he does not want 6-8 year old children to live in fear and deprived of an education thinking they were living outside the law. And Reagan points out that rather than talk of putting up a fence lets work out our mutual problems with Mexico. The elder Bush goes further and stands up for immigrants in a way that the country has not seen for a long, long time. "They are good, strong people," he says, and "part of my family is Mexican."
Linked Articles
Wall Street Journal 09/29/2011
More Deportations Follow Minor Crimes, Records ShowNew York Times 04/06/2014
Stanford's John Taylor, Yale's Robert Shiller and other experts provide different proposals for U.S. job growth
09/06/2011
Proposals for reducing U.S. unemployment in 2012-2014 from experts with different perspectives of how the U.S. economy functions.
Linked Articles
Long-Term Unemployment Carries Risks for U.S.
New York Times 11/26/2011
Not More of the SameNew York Times 09/06/2011
The Romney plan for job creation in the U.S. through private investment in a climate of reduced uncertainty
09/06/2011
A new Romney administration would create 2.3 million jobs in 18 months according to Romney economc advisor Glenn Hubbard.
Linked Articles
Glenn Hubbard: The Romney Plan for Economic Recovery
Wall Street Journal 08/01/2012
Not More of the SameNew York Times 09/06/2011
Alan Meltzer and Thomas Hoenig's criticism of Federal Reserve Bank chairman Bernake's failure to look at long term consequences of low rates
08/11/2011
Hoenig points to the Fed's lowered rates in 2003 after the burst of the dot com bubble and higher unemployment of 6.5% in 2003 and Meltzer which led to the mortgage meltdown of 2008. Meltzer points to QE II's $600 billion monetary easing in 2010 which failed to revive the economy or reduce unemployment in 2011. They emphasize the Fed's lack of attention to the long term consequences of their actions. Both question the role of the Fed in creating jobs and see the role of the Fed as a neutral player, as deeper structural changes such as ashift to export driven economy, lower consumption take time and are only delayed by a continuation of old policies.
Linked Articles
Kansas City Fed President Defies Conventional Wisdom
New York Times 08/13/2011
The Folly of Economic Short-TermismWall Street Journal 08/11/2011
Black people in the U.S. and declining economic advancement in 2008-2016
07/26/2011
Black people see fewer opportunities in the public sector in 2015. The black community has hardly recovered from the damaging effects of foreclosures and higher unemployment following the financial crisis of 2008, and the gap between whites and black people has widened during the last ten years.
Linked Articles
Public-Sector Jobs Vanish, Hitting Blacks Hard
New York Times 05/24/2015
Wealth gap widens between whites, minorities, report says - The Washington PostWashington Post 07/26/2011
Hope and reality in Nigeria (1)- Goodluck Jonathan, president of Nigeria, 2011-2015, and president Muhammadu Buhari 2015-2019
05/28/2011
There is hope in Nigeria in 2015 with the election of Muhammadu Buhari as president. There was hope in Nigeria in 2011 with the election of Jonathan Goodluck as president. Are too many young people in Africa and Asia seeing their hopes dashed and their dreams vanish? Will the demographic dividend be wasted in corrupt systems and inefficient management of the economy and resources? These are questions on so many young people's minds as two of the largest populated countries on the planet face new administrations and new hope for the future.
Linked Articles
Nigeria Is a Case Study in the Curse of Oil
Wall Street Journal 04/03/2015
Nigeria's prospects: A man and a morassEconomist 05/28/2011
BP's steady focus on safety under CEO Bob Dudley
04/20/2011
Dudley says BP is not going to get off the path of focus on safety, and "stepping up the accelerator of performance, thats not going to happen." BP's second quarter 2012 performance reflected lower levels of production to permit maintenance and improvements in infrastructure at its deep water oil fields in the Gulf of Mexico. Similiar maintenance will be undertaken at North Sea fields in the rest of 2012. Cost cutting on maintenance and infrastructure improvements to improve profit performance created an environment that led to the oil spill in the Gulf of Mexico and created huge legal liabilities.
Linked Articles
BP Posts Unexpectedly Large Loss
New York Times 07/31/2012
The Lessons of Deepwater HorizonWall Street Journal 04/20/2011
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
Forgotten sacrifices in a forgotten war- the American people, military families and the war in Afghanistan
03/02/2011
Linked Articles
For one war widow, moving on is a marathon - The Washington Post
Washington Post 07/09/2012
Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrificeWashington Post 03/02/2011
Competitiveness and job creation- the U.S. and France
12/10/2011
Contrasting experiences, problems and new approaches.
Linked Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 DaysNew York Times 12/10/2011
A cultural shift in job choices on U.S. campuses away from investment banking and finance to technology and other fields
11/22/2011
Shift in choices by graduates during U.S. campus recrutiing by companies.
Linked Articles
Wall Street' Latest Campus Recruiting Crisis
New York Times 03/15/2012
A Blow to Pinstripe AspirationsNew York Times 11/22/2011
The Christian Democratic Union, the 2011 CDU convention in Leipzig, and the shifting German view on strict austerity policies
11/15/2011
A faction of the CDU favors a strict interpretation of austerity policies for the eurozone. As CDU leader, Angela Merkel shifts policies to accomodate growing weariness in the rest of Europe with strict austerity policies to accomodate growth, Merkel faces dissent in the CDU. This is evident in the conflicting statements from the EU trade commissioner Mr Gucht, and its economic affairs commissioner Mr. Rehn, on Greece continuing in the eurozone, after Merkel's stated willingness to compromise at the Camp David G-8 summit.
Linked Articles
Greek Stimulus Is an Option, Merkel Says
New York Times 05/16/2012
Merkel Party Seeks Euro Exit PolicyWall Street Journal 11/15/2011
Abbott Lab's medical products company and its focus on emerging markets in China and India
10/20/2011
Abbott see the huge potential for infant nutrition and other businesses related to medical products as millons of people join the middle class in China, India, Vietnam and other emerging markets. Nestle is pursuing a similar idea with its acquisition of Pfizer's infant nutrition business which has a large presence in China. With its strong brand name presence, marketing and distribution, and the growing need for better nutrition in these countries Nestle sees huge potential for growth.
Linked Articles
Abbott to Split Into Two Companies
Wall Street Journal 10/20/2011
Abbott Looks to Consumer for GrowthWall Street Journal 05/03/2012
Effects of trade and globalization on less educated white working class leading to job loss, lower earning, and the support for Donald Trump
09/27/2011
Linked Articles
Washington Post 12/25/2015
Tallying the Toll of U.S.-China TradeWall Street Journal 09/27/2011
Harvard labor economist Lawrence Katz's solutions to the job crises and high unemployment in the U.S.
09/06/2011
Katz suggest a number of steps including a subsidy for companies creating new jobs. A form of this subsidy is used in Germany with the "kurzarbeit" program which preserves jobs in a downturn. Katz reminds us that there are three job crises facing America- long term unemployed not reflected in government unemployment figures, effects of foreclosures and debt, and the impact of automation with lower job creation in manufacturing. A sustained andmultipronged approach over a number of years is needed and no single panacea or misguided optimism will work.
Linked Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Help Displaced WorkersNew York Times 09/06/2011
Obama economc advisor Cristina Romer and Kansas City Fed chairman Thomas Hoenig offer different perspectives on the U.S economy
08/13/2011
Different views on the role of the Fed, and the effectiveness or lack of effectiveness of monetary policy to create jobs. Romer and Krugman cite depression era events in 1933 and 1937 when the economy alternated between recovery and a pullback, Meltzer and Hoenig cite the bubbles that developed from loose monetary policy and say the Fed can't create jobs.
Linked Articles
From World War II, Economic Lessons for Today
New York Times 08/13/2011
Kansas City Fed President Defies Conventional WisdomNew York Times 08/13/2011
The policy an solutions for the U.S. and Europe offered by Pearlstein (on the economy), Krauthammer (for deficit reduction), and Nye (for defense).
08/04/2011
The sensible solutions for attacking problems the U.S. and Europe face on the economy, debt and deficit reduction, and on defense needs. Nye uses ideas from U.S. President Eisenhower, Krauthammer uses efficiency anf fairness and ideas of the Bowles-Simpson Commission , and Pearlstein uses a grounded approach. Nye in the New York Times, Pearlstein and Krauthammer in the Washington Post, on August 5, 2011, in the midst of considerable uncertainty and anxiety about the future.
Linked Articles
The Right Way to Trim Military Spending
New York Times 08/04/2011
Steven Pearlstein: The global economy comes to the end of its string - The Washington PostWashington Post 08/05/2011
Greece, Europe and the Austerity Measures- "The French Deception" and "The Tragic Sideshow" (2)
06/30/2011
Two WSJ editorials tell the story for what it is in 2010-2012.
Linked Articles
Wall Street Journal 02/22/2012
The French DeceptionWall Street Journal 06/30/2011
Maleeha Lodhi on the path to a brighter future for the people of Pakistan
05/07/2011
Linked Articles
Economist 05/07/2011
Pakistan's Untold Economic StoryWall Street Journal 04/24/2012
The safety failures that could have been prevented with stronger oversight and control for the Fukushima nuclear plant disaster
03/21/2011
The independent parliamentary panel in Japan concuded in its July 2012 Report that the nuclear accident at the Fukushima plant was "a profoundly man-made event." Here in its investigations after the accident the Wall Street Journal finds some of the safety flaws that could have been corrected but were not due to the compete lack of effectiveness of the safety agency and its failure to do its job. As a result licenses for forty year old nuclear reactor designs and installation designs were simply renewed without requiring changes or shutting down these reactors. It is these older designs that were also improperly installed that failed.
Linked Articles
Japan Plant Had Troubled History
Wall Street Journal 03/21/2011
Design Flaw Fueled Nuclear DisasterWall Street Journal 07/01/2011
Rapid structural shift in job openings, mismatch of skills, and the lack of a strong jobs training effort in the U.S. to reduce unemployment
03/15/2011
The lack of adequate funding and focus on jobs training in the U.S. to fill job vacancies and lower unemployment. This is becoming increasingly important with the large number of people unemployed for long periods.
Linked Articles
U.S. Faces Uphill Battle in Retraining the Jobless
Wall Street Journal 07/31/2012
Many Workers Seen Lacking Skills for New JobsWall Street Journal 03/15/2011
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