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How Kamala Harris cut migration from Guatemala and other Central American states
07/31/2024
Katie Tobin deputy assistant to the president shows how Kamal Harris cut migration from Guatemala with her action to stabilize Guatemala after the destabilizing of the region by Reagan and Bush through wars started in the region. The achievements to get Guatemalans and Central Americans to stay home compares favorably with the wars and weapons sent to the region under Reagan-Bush that led to gangs taking over San Salvador and young people leaving. Consider $300 million in humanitarian assistance during COVID years, $5 billion in foreign investment lined up to create 250,000 jobs, pulling US AID and IDFC agencies for loans, and arranging for anti-corruption candidate to take over government in Guatemala following elections. It is an exceptional record achieved in a few months trying to undo decades of destabilizing Central America by Republicans Reagan and Bush. Reagan-Bush also destabilized the US with wars in the Persian Gulf, Iraq and Afghanistan, because infrastructure in US was neglected, and manufacturing jobs were shipped overseas under failures of Reagan-Friedman economic theories destroying communities across the US over three decades.
Linked Articles
Opinion | Kamala Harris Made Progress on the Border Crisis
WSJ 07/29/2024
As Republicans Attack Harris on Immigration, Here’s What Her Record ShowsNYTimes.com 07/31/2024
Stephanie Nolan on variants and the struggle with Covid in Africa- reports from frontlines South Africa and Zambia
12/11/2021
Linked Articles
As Vaccines Trickle into Africa, Zambia’s Challenges Highlight Other Obstacles
NYTimes.com 12/11/2021
The Variant Hunters: Inside South Africa’s Effort to Stanch Dangerous MutationsNYTimes.com 12/04/2021
Vaccines that took 40 years to develop- vaccines for malaria and coronavirus
10/17/2021
In a world of short run startups it is important to remember that our lives truly depend on the work done by scientists over decades. The stories of the scientists who developed the vaccine for malaria and the vaccine for mRNA technologies embedded in Pfizer vaccine.
Linked Articles
The Vaccine That Took 40 Years to Make - The Journal. - WSJ Podcasts
WSJ 10/17/2021
Their coronavirus vaccine candidate has made them billionaires. This modest German Turkish couple doesn’t own a car.Washington Post 10/17/2021
Twitter's short form of 140 characters, the iphone, and the tech platforms building on the declining cultural and other literacy in America, Europe, other countries
05/28/2020
Twitter founder Jack Dorsey's regrets on what he sees as the lack of any depth in the short form that works well on mobile phones. The first smartphones came in 2007 and 2008 iphone and android versions, Twitter started in 2006, both growing at the same time, the story of a tech boom that is paralleled by declining cultural and other literacy in America. It also parallels the decline in sense of what is in the national interest among communities in America and Europe and in other countries, leaving them with fewer defences against the coronavirus pandemic by 2020.
Linked Articles
Opinion | A Presidential Smear
WSJ 05/26/2020
A Founder of Twitter Goes LongNYTimes.com 11/09/2013
The EU's evolving relations with Turkey in 2016- Germany's Merkel and the Erdogan government reach an agreement on refugees in March 2016
03/07/2016
Merkel facing populist pressures and opposition from the CDU to accepting more refugees tries to get Turkey to stem the flow and send refugees back to Turkey. The Erdogan government with its own problems and seeking a closer relationship with the EU following the Russian bombing of the Turkmen in Syria and shooting down of a Russian plane approves the agreement.
Linked Articles
Stakes Are High for Germany’s Angela Merkel in Success of New Migrant Deal
Wall Street Journal 03/24/2016
Turkey Places Conditions on E.U. for Migrant HelpNew York Times 03/07/2016
Looking back at Hong Kong and China today and yesterday- China in 1842 and in 1945, nationalism and commercial interests of foreign powers
01/09/2015
A wariness with foreign powers in China stems from the influences left behind from the British commercial interests and the Japanese invasion of China. Compared to that period, the period of collaboration on an equal footing and playing field is is a short and recent one that has taken place for just three decades 1985-2015. Fears that the accelerated development in China could slow down without a strong central government, combine with the awareness of the need for western technology and open communications in today's global economy to accelerate the development, create in the Chinese mind a problem that needs to be tackled carefully to continue progress. Awareness of the huge inequalities and corruption in the rush towards modernization, need to tackle extensive contamination of air and water, and need for social security and healthcare for an aging population create a new urgency for careful policy making to sustain progress.
Linked Articles
Wall Street Journal 01/12/2015
‘China 1945,’ by Richard BernsteinNew York Times 01/09/2015
Policy contrast between socialist governments in Venezuela and Bolivia
04/12/2013
Bolivia's socialist government of Evo Morales has taken a different approach by reducing subsidies and increasing gasoline prices to about $2.00 a gallon in 2013. Salaries of governent workers was also increased by 20% in 2013, and additional 10% added to price of locally produced grain and corn, in policy actions. Morales cited as a reason the $150 million in smuggling to neighboring countries of the $660 million in gasoline imports, wasting a significant part of the $380 million annual state gasoline subsidy which could be used for infrastructure. In Venezuela both opposing candidates for president Maduro and Capriles supported the state subsidy for gasoline that is exceptional among developing countries, and at a time when Venezuela is short of foreign currency for other imports.
Linked Articles
Almost-Free Gas Comes at a High Cost
Wall Street Journal 04/12/2013
Turnabout in Bolivia as Economy Rises From InstabilityNew York Times 02/16/2014
The IMF's view on austerity measures, the "German hypothesis," and the British economy
02/17/2012
The IMF's view is that it could take 5 years before the breakeven point on the effects of austerity measures is reached and it turns positive. The "German hypothesis" based on German experience as an exporting nation is that the benefits come sooner in the short term. For Britain, which is not an exporting nation like Germany, the benefits from exports are likely to be limited when the rest of Europe is'seeing declining or stagnant growth. The IMF view means Britain may be faced with the costs of the Cameron-Osborne austerity measures till 2016.
Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Austerity Debate a Matter of DegreeWall Street Journal 02/17/2012
Allan Meltzer's criticism of the U.S. Federal Reserve's loose monetary policy
02/05/2011
Hoenig and Meltzer point to the Fed's focus on short-termism.
Linked Articles
Kansas City Fed President Defies Conventional Wisdom
New York Times 08/13/2011
Ben Bernanke's '70s ShowWall Street Journal 02/05/2011
Peter Coy, Economics editor of Business Week, on the risks of inflation.
06/11/2009
Krugman responded to Laffer's oped in WSJ with an op-ed of his own in the NYT suggesting that Bernanke's Fed should stay the course. In this article Peter Coy, aveteran reporter and analyst of BW, looks at the situation and the facts. Demand is so weak in the economy, that the Fed's expansion of the money supply only helps make up for this and still falls short. The economy will be fragile for some time to come so reversing course is simply dangerous. In the video that goes with this he tells Mandel that Bernanke is right and should stay the course.
Linked Articles
Get Ready for Inflation and Higher Interest Rates
Wall Street Journal 06/11/2009
Why the Fed Isn't Igniting InflationBusinessWeek 06/18/2009
In the two areas that government can make aserious difference, foreclosure prevention and bank lending it is failing.
04/15/2009
The government has only indirect influence over the other important variables in the equation for economic recovery, consumption and employment. Through foreclosure prevention and bank lending it can influence consumption and employment. Obama's program while admirable may simply fall short of what is required. Through asimple takeover of insolvent banks the administrationcan implement its own programs for goreclosure prevention and aggressive bank lending at attractive rates, but this has to be done early before business go into permanent retrenchment mode and consumers simply revert to a frugal lifestyle of an earlier generation.
Linked Articles
Lending By Bailout Recipients Falls Again
Washington Post 04/16/2009
Banks Ramp Up ForeclosuresWall Street Journal 04/15/2009
As capital markets shun small biotech startups large drug companies raise money for acquisitios and mergers.
03/16/2009
Drug companies have $155 billion they plan to use for mergers and acquisitions and are tapping the bond markets for funds. Meantime small biotech startups are running short of cash in large numbers. Will this squeeze innovation and new products as startups wither and the mergers run into problems?
Linked Articles
Drug Firms Bet Big on High-Risk Deals
Wall Street Journal 03/17/2009
Cash Dries Up for Biotech Drug FirmsWall Street Journal 03/16/2009
Silicon Valley's lack of resilience.
12/31/2008
The short term thinking, risk aversion, and how the economic crisis makes things worse by exaggerating these two attitudes. The lack of resilience that is inherent in these atitudes as it does not increase selfawareness and the confidence from overcoming difficulties and challenges.
Linked Articles
Whatever Happened to Silicon Valley Innovation?
BusinessWeek 12/31/2008
Anxiety Management in an Economic CrisisBusinessWeek 12/31/2008
"Pay their fair share of taxes" Biden asks of corporations showing 2017 predecessor tax cuts did not increase investment and added $100 billion yearly to the US Deficit
03/08/2024
By paying their fair share of taxes Biden says in State of Union speech to US Congress 2024 one can increase investment in education, affordable childcare and better living for seniors in their homes, and still cut the deficit by hundreds of billions of dollars. What is fair share? Certainly not zero percent that 55 of the largest corporations paid on $40 billion in profits in 2020, and corporate minimum tax was introduced at levels of 15% for which most ordinary Americans are not eligible for. And certainly not 8.2% that Biden said was being paid by 1000 billionaires in the US. Not a single penny more is being asked of hard working Americans earning less than $400,000 a year. Biden said he wanted to see the corporate minimum tax at 21% not 15%, and the top corporate tax rate set at 28% not the 21% that it was reduced to in 2017 from 35%. In short his predecessor turned to help companies and billionaires profit from the popular distress of the shipping of jobs overseas and the 2009 financial crisis caused by Bank executives without investing the nation's capital resources in manufacturing at home in scale to match and exceed China's. And at the same time neglecting to do anything about the concerns of the people for ease of living- affordable access to childcare, preschool education, education, health care to match Europe/China/India in quality and cost, and aging transportation infrastructure of airports, subways, roads and bridges. The savings when this is done properly go to cut the deficit by over 4 trillion dollars and keep America as the leader of all G-20 economies.
Linked Articles
Biden Draws Sharp Contrast With Trump in State of the Union
WSJ 03/07/2024
Biden Pushes More Corporate-Tax Hikes to Draw Contrast With TrumpWSJ 03/07/2024
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
What Tesla after the pandemic's first wave has in common with VW in 2015 at the time of the diesel emissions crisis
09/10/2020
CEO pay packages shooting into space just before and just after the first wave of the pandemic.
Linked Articles
Elon Musk’s Payday Could Cost Tesla Shareholders Dearly
WSJ 09/10/2020
Volkswagen’s Ex-CEO Is Ordered to Stand Trial Over Emissions ScandalWSJ 09/09/2020
Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (1) the pro stay vote in Ireland and Scotland
08/16/2016
Theresa May, Britain's prime minister, is deeply committed to the idea of the union of England with Scotland and Ireland. Invoking Article 50 of Lisbon Treaty, a step necessary for Brexit, would also lead to Scotland's ruling Scottish National Party to initiate plans for a second referendum for Scottish independence, as Scotland votd to remain in the European Union. The issue of Ireland and Northern Ireland's vote to remain in the EU would also lead to serious repercussions. In short it will be hard to separate the leave vote in England from the stay vote in Scotland and Ireland, as it will be difficult for most British people to imagine a England without a British identity. If the referendum had asked the second question "Do you still vote leave if this means the end of Britain or the United Kingdom?" the vote could have turned out differently for nationalist voters.
Linked Articles
Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016
DW.COM 08/15/2016
No return to border controls in Northern Ireland, UK PM May says | News | DW.COM | 25.07.2016DW.COM 07/25/2016
2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.
09/09/2015
The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.
Linked Articles
Wall Street Journal 09/10/2015
Jeb Bush Tax Plan Makes Forays Into PopulismNew York Times 09/09/2015
Predominance of rail over pipelines in transport of crude from Canada and the Bakken region till 2016
02/02/2014
Pressure to build pipelines comes from congestion and safety issues for the rail system in the U.S. In the short term rail still remains the main method of transport.
Linked Articles
In Dakota Oil Patch, Trains Trump Pipelines
Wall Street Journal 03/04/2014
Even Without Keystone Pipeline, Oil Has FlowedWall Street Journal 02/02/2014
Greece's long delayed bond swap with European banks of March 9, 2012
03/09/2012
The bond swap of new bonds with long maturities reflecting a writedown of 53.5% for the old bonds with short maturities was finally achieved on March 9, 2012. By this time Greece's economy was shrinking badly and the new bonds were trading at levels that reflected the need for further writedowns only days after the deal. Prof. Cochrane at the University of Chicago and Prof. John Taylor at Stanford say French and German banks exaggerated the effects of contagion from the beginning to delay writedowns for as long as possible. The effects on the eurozone of the delays in tackling the problem early and decisively are negative or slowing growth and is likely to hurt the banks operating in that environment, raising questions about the wisdom of that strategy.
Linked Articles
Wall Street Journal 03/09/2012
Greece Passes Key Debt TestWall Street Journal 03/09/2012
Short termism of an interventionist U.S. Federal Reserve and the advantages of a rule based monetary policy at the Fed
08/11/2011
John Taylor and Allan Meltzer point to the risks of short termism and discretionary policies at the Fed. Taylor says a single mandate for inflation should replace the current dual mandate for both inflation and unemployment so that monetary policy can be rule based avoiding the boom and bust periods hitting the U.S. economy in the last decade, when interest rates were set too low using discretionary policy.
Linked Articles
The Dangers of an Interventionist Fed
Wall Street Journal 03/29/2012
The Folly of Economic Short-TermismWall Street Journal 08/11/2011
World Bank chief Zoellick on the global economy and how to prepare an effective long tem policy
10/02/2009
Zoellick sees the short term Stimulus and central bank monetary easing policies of 2008, as not appropriate to the long term problems of debt reduction and energy price volatility. He emphasizes the need for bridge financing for Spain and Italy though he accepts the German view that credit cannot be provided freely and reforms need to be undertaken. A partial euro bond solution is a step in the right direction.
Linked Articles
World Bank Chief Urges Euro Bonds
Wall Street Journal 05/31/2012
2010 Looks 'Highly Uncertain,' Zoellick SaysWall Street Journal 10/02/2009
With bank lending anemic and consumers adopting afrugal lifestyle, two pillars of recovery are missing in the picture.
04/16/2009
Admirable rhetoric and clear ideas, but still falling short in key areas like foreclosure prevention and bank lending, is how the Obama economic recovery sccorecard reads in April 2009.
Linked Articles
When You're Flush, But Acting Flat Broke
Washington Post 04/16/2009
Lending By Bailout Recipients Falls AgainWashington Post 04/16/2009
The NYT has a different view of the G-20 summit than Pearlstein in the Washington Post.
04/03/2009
NYT editorial says the summit came up short on strong global regulation and on the Stimulus for Europe.
Linked Articles
New York Times 04/03/2009
Steven Pearlstein - A Rare Triumph of Substance at the SummitWashington Post 04/03/2009
For a Nobel prize winning economist a sick feeling in the stomach in February 2009.
02/13/2009
Is the US going the way of a train wreck as Japan did from the mid 1990's to 2003 with every set of actions falling short of the task of cleaning up the banking system and economic recovery? Krugman and Japanese experts who tackled the Japanese banking crisis sense something like this is happening in the US.
Linked Articles
New York Times 02/13/2009
In Japan’s Stagnant Decade, Cautionary Tales for AmericaNew York Times 02/13/2009
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