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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
The public interest is critical for a nation to advance and create improvement. A vigorous tradition of public service is essential for the public interest to be preserved. It also commands the highest respect with its common sense approach setting aside ideologies, with its integrity, character and humility.
Linked Articles
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
Volcker Plans to Restore Faith in GovernmentNew York Times 05/29/2013
The impossible becomes possible in California as political hurdles are overcome and the state's economy improves. The budget preserves spending priorities for education and healthcare by cutting back in other areas, another remarkable feat- a lasting legacy for Brown's second act as governor. His father was governor in the Kennedy years, he was governor in the 1980's.
Linked Articles
State’s Rare Sight: A Budget Surplus
Wall Street Journal 01/10/2013
Brown Proposes $8.3 Billion in Cuts for CaliforniaNew York Times 05/14/2012
Linked Articles
Brown Proposes $8.3 Billion in Cuts for California
New York Times 05/14/2012
Jerry Brown's Last Stand in CaliforniaNew York Times 05/04/2011
Vicotr Brown and the 60,000 former workers at GM's BUick City have worked at GM all their lives, and can't imagine anything else. How does one get them from joining the ranks of the permanently unemployed, is a challenge for the government. THe labor underutilization rate expected to reach 20% for 2010, could threaten the economic recovery, and put everything at risk.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The Last Holdouts Cast Their Lot With G.M.New York Times 05/21/2009
Royal Bank of Scotland's reckless managemet and excessive risktaking made the British taxpayer bear the enormous losses as RBS shares drop to less than the price of a candy bar.
Linked Articles
Paradise Lost? A Project in Hawaii Stumbles
Wall Street Journal 05/19/2010
U.K. Boosts Its Bailout As Bank Losses RiseWall Street Journal 01/20/2009
Gordon Brown sees the ups and downs with equanimity but he must have the satisfaction that this crisis for Europe and the world has brought out the best in him.
Linked Articles
British Prime Minister’s Stock Rises as His Bank Plan Lifts Stocks Worldwide
New York Times 10/15/2008
U.K. Chiefs Repair Image With BailoutWall Street Journal 10/14/2008
Gordon Brown is winning the support of many experts and governments in the remarkable leadership he has shown in this global financial crisis and his plan and execution.
Linked Articles
New York Times 10/13/2008
Rescue Plan Comes Around to Views of the AcademicsWall Street Journal 10/11/2008
Vernon Smith thinks Treasury has little experience with reverse auctions and they will be awfully hard to do. Direct injection of capital into banks is something Treasury has experience and has done recently in some bank failures such as WaMu takeover by Chase organized by FDIC and Treasury. The British rescue plan of Gordon Brown is to provide capital to the banks in return for equity stakes.
Linked Articles
Britain Takes a Different Route to Rescue Its Banks
New York Times 10/09/2008
There's No Easy Way Out of the BubbleWall Street Journal 10/09/2008
The agreement won by 11 states from bank of America to devote $8 billion for mortgage relief and help homeowners facing foreclosures was a landmark agreement as little had happened in the way of relief for homeowners except for efforts by Sheila Barr at IndyMac in the way of comprehensive relief proposals for homeowners.
Linked Articles
Bair Proposal Seeks Government Loans To Aid Homeowners
Wall Street Journal 04/30/2008
Countrywide to Set Aside $8.4 Billion in Loan AidNew York Times 10/06/2008
This is one of the amazing links in Lyrarc because it shows WSJ article from 2007 noted by Lyrarc that year, showing UN maps on deforestation in Borneo island in Indonesia for 2000, 2005, 2020. By 2020 most of the rainforest is shown as gone. Deforestation and climate ecologist Clare Rewcastle Brown, sister in law of former British prime minister Gordon Brown, from Britain, recalls colonial days in Sarawak, north Borneo Island, where her father was a police officer. And how much of the canopy of forest from that part of Malaysia was disappearing. She continued her protests from outside Malaysia in 2013 as reported by NYT and noted in Lyrarc that year. This is an amazing story of how deforestation of some of the last rain forests in the world took place at a time when awareness of climate change was sorely lacking in 2007-2013, and how by 2020 the rain forests in Borneo may have already disappeared from planet earth to combat climate change. One woman's fight and a fight that is still on after world leaders took a pledge to end deforestation on the planet by 2030 including Russia, Brazil, Indonesia, China, and the US, and a UN report that had the foresight to show a rainforest disappearing in 2007 in Tom Wright's WSJ report from Surabaya, Indonesia the same year.
Linked Articles
WSJ 07/03/2007
Barred From Malaysia, but Still Connecting With Critical JabsNew York Times 08/16/2013
Jerry Brown's father, Edmund Brown, was Governor of California in the 1960's when he helped build the UC and Cal State university system into a beacon for other states. The state's higher education system became a gateway into the U.S. middle class and powered the state's tech industry.
Linked Articles
Brown Looks at Reshaping Californiaâs Higher Education
New York Times 01/28/2013
State’s Rare Sight: A Budget SurplusWall Street Journal 01/10/2013
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
Linked Articles
State’s Rare Sight: A Budget Surplus
Wall Street Journal 01/10/2013
Jerry Brown's Last Stand in CaliforniaNew York Times 05/04/2011
So far Rattner is getting good points for his advice and his work for the President. His bacground at Brown University, the NYTimes, Lehman, Morgan Stanley, Lazard and Quadrangle.
Linked Articles
Rattner Rises as Obama's Mr. Fix-It
Wall Street Journal 04/06/2009
Obama’s Top Auto Industry TroubleshooterNew York Times 04/06/2009
Schapiro and Khuzami, the new faces at the SEC as chief and enforcement director, are the old faces at FINRA which took ahands off view of self regulation of the financial industry and the old faces at Deuteche BAnk as inhouse lawyer. Sir James Crosby, the head of HBOS bank in the UK which needed $17 billion f government money in 2008, was made Deputy chairman of the Financial Services Authority in 2006, Britain's main regulator. He reisgned hours before a stormy session in the House of Commons which embarrassed Prime Minister Brown after some revelations about Crosby,s role in the mess.
Linked Articles
Obama's Pick to Head SEC Has Record Of Being a Regulator With a Light Touch
Wall Street Journal 01/15/2009
British Regulator Quits as Accusations Mount in Banking CrisisNew York Times 02/12/2009
Paul Krugman says Gordon Brown has done much good with his initative and proper direction of the rescue effort giving all countries good leadership in a global crisis.
Linked Articles
New York Times 10/13/2008
British Prime Minister’s Stock Rises as His Bank Plan Lifts Stocks WorldwideNew York Times 10/15/2008
Gordon Brown's rescue Plan goes directly to the problem of recapitalizing the banks and gets ownership stakes in return for taxpayer money and is a good one in the view of the WSJ.
Linked Articles
Britain Takes a Different Route to Rescue Its Banks
New York Times 10/09/2008
A Plan -- at LastWall Street Journal 10/09/2008
After some fumbling in the bank run on Northern Rock, Gordon Brown and Alistair Darling come up with what the Wall Street Journal calls "A Plan at Last," as if heaving a sigh of relief after Paulson and Bernanke's own fumbling with troubled assets program.
Linked Articles
U.K. Chiefs Repair Image With Bailout
Wall Street Journal 10/14/2008
A Plan -- at LastWall Street Journal 10/09/2008
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
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