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The collapse of American education and the slowest growth in America's history 2000-2020 as Biden tries to reverse this in 2024
05/19/2023
Krugman looks at the extraordinary effort put in by Robert Gordon of Northwestern University to look at the growth of America since 1850 over periods 1850-1870, 1870-1910, 1910-1950, 1950-2000 and 2000-2020 showing that the last 20 years have the lowest growth in American history. Gordon looks at the near collapse of American education, scores on NAEP of two thirds of 8th graders failing reading comprehension reflect this sad state of affairs that president Biden is trying to reverse in 2024. Other research shows a drop in potential GDP of 2 percentage points when education is failing as it has been for 2 decades. Other researchers have shown what is openly evident today that technology such as social media do more harm, that other internet use technology has not done much for education only established monopolies as with Google and Apple.
Linked Articles
Paul Krugman Reviews ‘The Rise and Fall of American Growth’ by Robert J. Gordon
New York Times 01/25/2016
'Secular Stagnation' May Be for RealWall Street Journal 08/27/2014
Limits to China's economic recovery from local government debt and smaller pool of savings
03/07/2023
A smaller pool of savings and build up of debt during the pandemic limit the extent of China's economic recovery. The trillions of dollars of local government debt and the slowdown in the construction sector act as barriers to growth in China.
Linked Articles
Covid-Era Savings Are Crucial to China’s Economic Recovery
WSJ 02/26/2023
China’s Cities Struggle Under Trillions of Dollars of DebtWSJ 03/06/2023
A second Macron vs. Le Pen presidential debate in France in 2022
04/21/2022
Cost of living and Le Pen's ties to Russia emerge as key issues in the debate. Macron appears to be the more convincing in his grasp of facts and claity of thinking, with a Elabe snap poll showing 59% think Macron more convincing to 39% Le Pen. France's welfare state in a way that the US and Britain are less so, means that other solutions are needed for cost of living and the decaying small towns and rural areas. A next generation industrial revolution is needed to bring jobs home and closer to home to revive both France and Europe after decades of shifting jobs and industry to China. Needed only is the will and aspiration to do so.
Linked Articles
Macron and Le Pen clash on Russia in feisty debate ahead of presidential run-off
France 24 04/21/2022
France’s Macron and Le Pen Clash During Presidential DebateWSJ 04/20/2022
How the Coronavirus test in the U.S. got delayed for 3 crucial weeks in February letting the pandemic spread quickly
08/21/2020
Three lost weeks in February starting February 9 when the FDA realized its third component of the test to test mutated virus had failed in use by labs but continued to persist in doing this on its own. Private labs of well known medical companies and university teaching hospitals were ready to develop and use their own tests with lightning speed and yet the FDA required its approval stalling that effort. FDA and HHS failure in the crisis led to the quick spread of the virus in Feb- March making any use of test and contact trace for containment ineffective. a crucial window of time was lost!
Linked Articles
FDA’s Authority to Regulate Lab Tests Is Curtailed
WSJ 08/21/2020
What Derailed America’s Covid Testing: Three Lost WeeksWSJ 08/18/2020
U.S. president Trump's 2017 budget and cracks in the safety net, rising debt
05/25/2017
Linked Articles
Trump’s Budget Seeks Cuts to Taxes, Safety-Net Programs
WSJ 05/23/2017
Trump proposes dramatic changes to federal government, slashing safety net programs that affect up to a fifth of AmericansWashington Post 05/23/2017
The Women20 Summit in Berlin and the path for women to the workplace in Europe, the U.S., and other countries
05/08/2017
The views expressed at the Women20 Summit at the G-20 summit in Berlin reflect the views of women leaders including Angela Merkel. Problems women in the U.S. are facing are covered here by Fed chairwoman Janet Yellen. For the first time leaders of the stature of Merkel and Yellen are talking about these issues openly to drive the debate and clear the path for women.
Linked Articles
The real issues at Women20 | Business | DW.COM | 26.04.2017
DW.COM 04/26/2017
To Lift Growth, Janet Yellen Says, Make It Easier for Women to WorkThe New York Times 05/05/2017
France's 2017 presidential election and the future of Europe
03/07/2017
Linked Articles
The vote that could wreck the European Union
The Economist 05/12/2017
An unprecedented election, with unprecedented risksThe Economist 05/12/2017
Catholic France, family, traditional values, and France's 2017 presidential candidate Francois Fillon
12/10/2016
The shift in mood in France where people find comfort in family, and the old traditional values, the awakening of Catholic France in towns and in Paris, is increasing the popularity of Francois Fillon, the Republican Party's candidate.
Linked Articles
Fillon Victory Shows France Returning to Conservative Roots - SPIEGEL ONLINE
SPIEGEL ONLINE 12/08/2016
In secular France, Catholic conservatism makes a comebackWashington Post 12/09/2016
The 1976 Montreal Olympics, the 2004 Athens Olympics, the 2014 Sochi Olympics and the Rio Olympics- decades long debt hangovers and costs growing from the $1+ billion in Montreal to $50+ billion in Sochi
08/24/2016
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
The question of addressing intergenerational mobility in the U.S. following the presidential election of 2016- a key issue for future years
08/16/2016
Linked Articles
WSJ 08/15/2016
How Economic Anxieties Explain Donald Trump’s Appeal—And Where They Fall ShortWSJ 08/16/2016
Hillary Clinton and women voters in the U.S. presidential election of 2016
07/26/2016
Linked Articles
Washington Post 04/11/2016
Hillary Clinton’s Historic Moment Divides Generations of WomenWSJ 07/26/2016
The 2016 Republican Convention rules requiring a majority of delegates to be the nominee and the prospect of a second or third ballot
04/21/2016
Linked Articles
Let’s Get This Straight About the Convention
Wall Street Journal 04/21/2016
Trump’s Emptiest ThreatWall Street Journal 04/21/2016
The Donald Trump campaign for U.S. president in 2016- strategies from "The Art of the Deal"
02/25/2016
Thinking big embracing the entire electorate, using social media to the fullest, improvising often based on voter sentiment, commonsense approaches, worked for Trump in the Republican primaries in 2016. The failure of the other candidates to address issues of voter frustration, and splitting of the vote with many candidates, created the opportunity for Trump to succeed with his unconventional campaigning style coupled with a careful attention to what troubled voters.
Linked Articles
Donald Trump’s Campaign Blueprint: His Own Book
Wall Street Journal 03/03/2016
Trump and the Also-RansWall Street Journal 02/25/2016
The destruction of the Gran Chaco in Brazil and Argentina and the Glasgow Conference decision on ending deforestation by 2030
05/17/2023
If the decision to end deforestation by 2030 is to be taken seriously what happens to the Gran Chaco in Argentina and Brazil is a matter of importance. One third of global emissions are absorbed by forests that act as a giant carbon sink.
Linked Articles
COP26: World leaders promise to end deforestation by 2030
BBC News 11/02/2021
The destroyed forests of the Gran Chaco – DW – 05/16/2023dw.com Supported by Lyrarc's Climate Change Action 05/17/2023
Common sense and wisdom for passage to India Pakistan trade after the floods in 2022 with one third of Pakistan under water
08/30/2022
In 2012 Michael Boskin, who helped George W. Bush, with the NAFTA North American Free Trade Agreement, wrote this article in the WSJ about the normal trade using trade models that take into account the advantage of cross border trade and size of economies would be 20 times the $2.7 billion in trade between India and Pakistan in 2012. This would be $50 billion. This would have increased to $100 billion by 2020 under normal trade. Instead in the year of the 2022 floods when Pakistan is one third under water, and cross border trade never made more sense, the OEC data show trade at less than $300 million or one three hundredth portion of what trade could be if normalized.
Linked Articles
Pakistan: Food prices soar amid floods | DW | 30.08.2022
DW.COM 08/30/2022
Michael Boskin: A Passage to India-Pakistan PeaceWSJ 04/15/2012
The situation of chronic or endemic coronavirus in places with high vaccination rates - Portugal and New York City
10/25/2021
Chronic or endemic coronavirus in New York with 76% fully vaccinated and Portugal with 85% fully vaccinated is a situation in some places. This still means 15-25% of people that are unvaccinated are at risk and with vaccine protection waning without a booster shot the risk of a fourth or a third of the population still at risk. The lifting of preventive steps such as social distancing, masking and other actions plus the shift to indoor, reopening of schools and colleges, could still lead to a surge.
Linked Articles
Endemic Covid-19 Has Arrived in Portugal. This Is What It Looks Like.
WSJ 10/24/2021
New York City Inches Toward Covid-19 Becoming EndemicWSJ 10/25/2021
Mexico's oil industry and Pemex struggle with debt and corruption in 2019
10/13/2019
Linked Articles
Secret Recordings Describe Extensive Bribery at Mexico’s Pemex
WSJ 10/11/2019
Mexican Investigators File Corruption Charges Against Pemex Ex-CEOWSJ 05/28/2019
China's credit ratings downgrade for rising debt in 2017 and the echoes of Japan in the 1980's
05/25/2017
Linked Articles
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
In Downgraded China, Echoes of Japan’s Boom and BustWSJ 05/24/2017
France's 2017 presidential election-uncertain path or steps for renewal
04/15/2017
Linked Articles
Can French presidential candidate Emmanuel Macron deliver on his promise to remake the country?
Washington Post 04/14/2017
Opinion | France in the End of DaysThe New York Times 04/14/2017
Russia's hacking and the U.S. Presidential electon of 2016
12/11/2016
Linked Articles
Republicans ready to launch wide-ranging probe of Russia, despite Trump’s stance
Washington Post 12/09/2016
Why the US fears Russia is hacking its presidential election - BBC NewsBBC News 10/11/2016
The 2016 U.S. presidential election- Paul Krugman and Peggy Noonan on how things went wrong
11/07/2016
Linked Articles
The New York Times 11/07/2016
Democracy’s Majesty and 2016’s IndignityWSJ 11/03/2016
Trump's business empire- overleveraging, debt, excessive risk, and shrouded in mystery, what the WSJ calls "a narrow escape"
08/20/2016
The business dealings of Trump do not reveal the wisdom and financial best business practice that will be needed to get the middle and working class in the U.S. back on its feet, and to build the country's infrastructure and defense needs.
Linked Articles
Trump and His Debts: A Narrow Escape
Wall Street Journal 01/04/2016
Trump’s Empire: a Maze of Debts and Opaque TiesThe New York Times 08/20/2016
Speaker Paul Ryan's House seat in Janesville, Wisconsin- improving economy in a U.S. midwestern factory town and the debate on trade, help for working class families
08/10/2016
The unemployment rate in Janesville, Wisconsin drops to 4.4% in May 2016, according to the Bureau of Labor Statistics. It was over 9% following the closing of the GM plant and the recession from the 2008 financial crisis. A working class town Janesville was hit hard by the closing of the GM plant in 2008. Amy Goldstein of the Washington Post describes the impact of losing about 5000 jobs at the GM plant, and the problems typical of most manufacturing dependent towns. Throughout the period since being first elected to Congress in 1998 Ryan has continued to be able to get elected on the basis of faith, family and public service, even though some of his policies may not have helped the poor and elderly or laid off workers. Ryan voted for rescuing the auto industry and worked hard to keep the GM plant, and listens to his constituents, and as the economy recovered by 2016 won easily in this old industrial midwestern town. His influence in national politics gives Janesville an opportunity to be heard, as it tackles problems common to many midwestern towns in the U.S.
Linked Articles
Could Paul Ryan’s ideas help his struggling home town? - The Washington Post
Washington Post 08/19/2012
Paul Ryan beats outsider 'mini-Donald Trump' challenger in Wisconsin primaryThe Guardian 08/10/2016
Donald Trump and the themes for the 2016 U.S. presidential election as seen at the Republican National Convention- law and order, and blue collar lives
07/22/2016
Linked Articles
Donald Trump positions himself as the voice of ‘the forgotten men and women’
Washington Post 07/22/2016
Donald Trump proclaims himself 'law and order' candidate at Republican conventionThe Guardian 07/22/2016
The 1912 U.S. presidential election with Woodrow Wilson, Teddy Roosevelt, Taft, and the 2016 election with Hillary Clinton and Cruz or Trump
04/18/2016
Linked Articles
Both Parties’ Presidential Front-Runners Increasingly Unpopular
Wall Street Journal 04/18/2016
What Clinton and Sanders owe progressives - The Washington PostWashington Post 04/18/2016
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