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At a critical juncture which Lyrarc compared to the 1948 effort by Harry Truman to get Congress to support aid to Greece and Turkey. Devastated by the war Greece and Turkey's democracies faced an imminent threat from a Communist takeover supported by the Soviet bloc. Ukraine was at a critical juncture in the war with Russia when Biden met Republican Speaker Mike Johnson at the White House with Mitch McConnell and Pat Schumer in Feb 2024. Schumer said a lot of the credit goes to McConnell to convince 31 Republican Senators a majority of his caucus to support Ukraine Aid at a critical moment.
Grouped Articles
Aid to Ukraine seemed dead. Then secretive talks revived it.
Washington Post 04/25/2024
Bucking G.O.P. Isolationists, McConnell Was Linchpin in Winning Ukraine Aid
NYTimes.com 04/24/2024
‘Kharkiv Is Unbreakable’: A Battered City Carries On
NYTimes.com 04/24/2024
Opinion | Ukraine Aid in the Light of History
NYTimes.com 04/24/2024
Senate Approves Aid for Ukraine and Israel, Sending It to Biden’s Desk
NYTimes.com 04/24/2024
Speaker Johnson’s Ukraine Package Clears Key Hurdle With Democratic Help
WSJ 04/19/2024
Aid package to Greece and funds for other eurozone countries. The IMF's involvement in protecting the eurozone.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Wall Street Journal 03/03/2010
Greece Can Learn IMF Austerity from Turkey
BusinessWeek 05/27/2010
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10/07/2013
Hank Greenberg says Goldman's machinations may have caused the difficulties at AIG.
Grouped Articles
BusinessWeek 04/01/2010
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
Wall Street Journal 06/16/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages
New York Times 06/15/2015
Evan Greenberg Dropped Out, Then Built Insurance Behemoth
Wall Street Journal 12/16/2015
2008 auctions were rigged according to the Auditor-General's report. The loss to the governmet of $38 billion. The department of Telecommunications is described as failing miserably to do the due diligence. Adds to the general sense of corruption in the handling of governmental affairs.
Grouped Articles
Indian PM slams anti-corruption activist as protests over arrest spread - The Washington Post
Washington Post 08/17/2011
Indian Parliament Passes Bill Forming Anticorruption Agency
New York Times 12/18/2013
Corruption Mars Image of Change in India Elections
Wall Street Journal 04/10/2009
China Slips in Corruption Perceptions Report
New York Times 12/02/2014
Upstart Party Scores Victory in India State Elections
Wall Street Journal 02/11/2015
India Auction for Cellphone Spectrum Was Rigged, Report Says
New York Times 11/16/2010
Use of coal-fired plants and more automobiles on Chinese streets and highways are worsening air quality in Chinese cities. Industrialization is taking its toll on air and water quality. 25% of lakes, rivers and streams have water too contaminated to be used for drinking water, according to areport by the China Ministry of Environmental Protection.
Grouped Articles
Pollution Is Radically Changing Childhood in Chinaâs Cities
New York Times 04/22/2013
China Seeks to Calm Anxiety Over Rice
Wall Street Journal 05/22/2013
Cadmium-Tainted Rice Discovered in Southern China
New York Times 05/21/2013
Wall Street Journal 06/06/2013
Air Pollution From Coal Use Cuts Lifespans in China, Study Shows
Wall Street Journal 07/09/2013
Paying Auditors for Honest Appraisals
Wall Street Journal 07/18/2013
The US government still has a ways to go to recover funds from the auto bailouts. AIG is still costly. Fannie and Freddie are an entirely different story, a debacle with huge additional funds needed.
Grouped Articles
Freddie's Profit Soars on Housing Rebound
Wall Street Journal 05/08/13
Fannie Mae to pay $59.4B to Treasury - The Washington Post
Washington Post 05/09/13
Fannie Chief: Payout Must Not Delay Revamp
Wall Street Journal 05/10/13
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/13
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/13
White House Rejects Fannie-Freddie Recapitalization Plans
Wall Street Journal 11/23/13
The UK Chancellor of the Exchequer, George Osborne, put forward a budget with a 25% spending cut by 2015 in all departments except health and international aid. This marks a huge departure in years of spending by the Labor governments. The new Conservative-Liberal coalition government is determined to take austerity measures to reduce the national debt.
Grouped Articles
Britain's accidental revolution
Economist 05/13/10
U-Turn in the U.K.: Big Spending Cuts
Wall Street Journal 10/14/10
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/10
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/14
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/14
Overheard: Digging for Answers on Coal
Wall Street Journal 03/29/15
Resistance in Germany to bailing out Greece.
Grouped Articles
Germany Clears Rescue for Greece
New York Times 05/03/10
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/13
Germany, Forced to Buoy Greece, Rues Euro Shift
New York Times 02/11/10
Wall Street Journal 02/12/10
Wall Street Journal 02/11/10
Berlin's Wall Around Greek Ruins?
Wall Street Journal 02/10/10
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/13
Wall Street Journal 12/31/13
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/10
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/14
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/14
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/15
Grouped Articles
Wall Street Journal 09/05/12
Wall Street Journal 07/01/10
JAL's Latest Plan Unveils Deep Cuts
Wall Street Journal 09/01/10
Wall Street Journal 08/31/10
JAL Charts Direction for New Budget Carrier
Wall Street Journal 08/23/11
Japan Airlines Plans to Spend $6 Billion on New Aircraft
Wall Street Journal 02/16/12
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