Years of hyper growth followed by slight or shrinking growth in China

07/31/2022

For years China pushed hyper growth without correctly understanding the sources of that hyper growth and its consequences in the long run. Communities in the US and the EU simply could not cope with the hyper shift of factories from local regions to China that created the hyper growth in China. Local governments in China and self interested investment banks in the US and Eu pushed for this growth and the central government failed to act with restraining action. The result is alienated public in the US and EU, intense trade and competitive frictions and permanent damage to friendly US China, US EU relations. The domestic side of this hyper growth was the overdependence on the property sector which was asked to carry a bigger burden for development leading to the crisis today with local governments strained for financing by $900 billion as reported in WSJ today July 31. 2022. This did not need to happen. China entered this experiment with capitalism without restraining action with very little knowledge of the market economy and how it operates correctly only with restraining and corrective action in the interests of the whole people of the country. Too much has gone wrong for peoples on either side, the unintended effects and consequences in the simple unbridled pursuit of self-interest alone.

Linked Articles

China’s Economy Tested by Strained City Finances

WSJ 07/31/2022

Wall Street Journal Staff

WSJ 07/31/2022

Deforestation- is the pledge at COP26 Glasgow a bit too late for Indonesian rainforest?

11/02/2021

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

Indonesia's Logging Fight

WSJ 07/03/2007

Tom Wright

New York Times 08/16/2013

Gerry Mullany, Gerry, Mullany

Building moderate income housing in suburbs for more integrated communities in America, change in cultural attitudes - putting money behind voices

06/06/2020

Linked Articles

Orlando Patterson explains why America can’t escape its racist roots

Harvard Gazette 06/06/2020

Orlando Patterson

The Times 06/04/2020

Gerard Baker

The link between the 71% of Americans who are obese or overweight and the less than 15% of Americans who eat the needed intake of fruits and vegetables

11/17/2017

A new CDC report on November 16, 2017 shows these alarming statistics which are barely covered in the media. CNN online missing this, and NBC online covering obesity CDC report but missing the CDC report on fruits and vegetables consumed, when we checked in the evening of November 16, 2017.

Linked Articles

America's obesity epidemic reaches record high, new report says

NBC News 10/13/2017

Felix Gussone, Md, Linda Carroll

The Guardian 11/17/2017

Jessica Glenza

Donald Trump's proposed ban on Muslims entering the U.S. "till we know what is going on," following the Sn Bernardino terrorist attack in Dec. 2015

12/08/2015

Linked Articles

Donald Trump Calls for Ban on Muslim Entry Into U.S.

Wall Street Journal 12/08/2015

Reid J. Epstein And Peter Nicholas, Reid, J., Epstein, And, Peter, Nicholas

Washington Post 12/09/2015

Dan Balz, Dan, Balz

Norway parliament's decision to divest holdings in companies 30% dependent on coal opens up debate on coal- (3) Coal India and the 1 billion ton target for 2020

05/14/2015

With about 300 million people without electricity, and India lagging behind Brazil and Indonesia in the percentage of population lacking electricity, the goal is to modernize the coal industry and increase production. This shows the different tradeoffs in less developed countries such as India, which face a completely different set of tradeoffs, and are moving in the opposite direction out of necessity. China is just entering a period after rapid modernization where the discussion about the tradeoffs is shifting, whereas India remains in a very different phase.

Linked Articles

Norway Will Divest From Coal in Push Against Climate Change

New York Times 06/05/2015

John Schwartz, John, Schwartz

Wall Street Journal 05/14/2015

Raymond Zhong And Niharika Mandhana, Raymond, Zhong, And, Niharika, Mandhana

The miscalculations and missteps of Russian president Putin in 2014 leading to a major crisis for the Russian economy in 2015

12/18/2014

A major miscalculation was totally misjudging Merkel and post-war German public opinion about policies that remind people about the period between the two World Wars- this is anathema to Germans who see the European Union as a way to build a new and different Europe. The other miscalculation was on how a foreign adventurous policy in Syria would affect Sunni world opinion, in particular Saudi Arabia. Just as Brezhnev took Russia into Afghanistan where Russia had no vital interest leading to eventual Soviet collapse, Putin risked alienating a key member in OPEC pricing moves and hurting Russia's economic interest. By not listening to Kudrin, the head of Sberbank, and other economic advisers from the first and second terms of the Putin-Medvedev administrations, Putin opened the door to two years of serious missteps, risking the very real accomplishments of the first and second term of creating a stable growing Russian economy with close economic ties to Europe. The only positive outcome of the crisis and low oil prices would be making the shift away from oil dependence, which was talked about but never seriously attempted in the Putin administrations. For this to happen major new investments would have to be made and technology links to the outside strengthened, both hammered by the missteps in 2013-2014. The irony of all this is that Putin gained the support of rural Russians in the countryside in the 2012 presidential elections by promising no return to the economic crisis conditions following earlier ruble collapses. Now by ignoring Kudrin and other wiser counsel from the first and second administrations he does just that.

Linked Articles

Putin’s Year of Defiance and Miscalculation

Wall Street Journal 12/18/2014

Gregory White, Gregory, White, Anton Troianovski, Anton, Troianovski

Wall Street Journal 12/18/2014

Alexander Kolyandr, Alexander, Kolyandr, James Marson, James, Marson

The broken link between credit expansion and GDP growth in China (1)

06/24/2013

Orlik and the editors of the WSJ point to the broken link between GDP growth and credit expansion. The IMF warns of increasing credit expansion. Stalling productivity growth and waste means every dollar of investment is bringing in less GDP growth. Stiglitz and Sen point out the need for improving other indicators such as healthcare, education and the environment as an overall guage of progress not just GDP growth. The new Chinese leadership is aware of the need for rebalance the economy towards consumer spending. Moves to reduce healthcare costs form the first efforts in this direction. Search terms "Orlik," "rebalancing."

Linked Articles

China's Reform Moment

Wall Street Journal 07/01/2013

Editorial

Wall Street Journal 06/24/2013

Tom Orlik, Tom, Orlik

Governor Jerry Brown of California and former U.S. Fed chairman Volcker- reviving the great tradition of public service in the U.S.

05/29/2013

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

Reid Wilson, Reid, Wilson

New York Times 05/29/2013

Nelson D. Schwartz, Nelson, D., Schwartz

Russian president Putin and BP's 20% stake in Rosneft

10/18/2012

Putin sees the larger British ownership stake in Rosneft a offering more stability to the company. This also provides Russia with a reliable partner on other projects and access to new technology. Putin defended the deal for Rosneft to acquire TNK-BP because of the endless conflicts between the partners, which he says he warned against at the outset. He pointed to the 50-50 ownership arrangement in TNK-BP as inherently unstable leaving no one in control.

Linked Articles

Moscow Had 'Mixed Feelings' on TNK-BP Deal, Putin Says

Wall Street Journal 10/25/2012

Stephen Fidler, Stephen, Fidler

Wall Street Journal 10/18/2012

Gregory L. White, Gregory, L., White, Dana Cimilluca, Dana, Cimilluca, Alexis Flynn, Alexis, Flynn, Selina Williams, Selina, Williams

Intel and the rebound in PC's in 2012-2013 based on the plans for the superthin Ultrabooks based on the MacBook Air

01/10/2012

Linked Articles

Intel Expects PCs to Help Chip Gains

Wall Street Journal 04/18/2012

Don Clark, Don, Clark

New York Times 01/10/2012

Nick Wingfield, Nick, Wingfield

Small spurts in U.S. real estate markets from foreign or out of state buyers that fizzle out- S. Florida and Phoenix, Arizona

07/26/2011

Sporadic bursts of activity in real estate markets first in Miami in 2011 and then in Phoenix. The surge in activity is from buyers from Brazil for S. Florida, and buyers from Canada for Phoenix, as well as out of state buyers looking for speculative or rental properties to rent out to homeowners who go into foreclosure. The buyers from Canada and Brazil are in these markets because of a real estate bubble of their own in their home countries and is hardly the basis for a dependable recovery on housing prices, as the IMF has signalled a warning light for economies such as Brazil.

Linked Articles

Rise in Phoenix Housing Shows Path for Other Cities

Wall Street Journal 03/13/2012

Nick Timiraos, Nick, Timiraos

New York Times 07/26/2011

David Streitfeld, David, Streitfeld