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

Robbie Whelan

WSJ 05/28/2019

Anthony Harrup, Juan Montes

The election of Lopez Obrador as president of Mexico in 2018 that accelerates the shift to higher labor standards in Mexico, a goal of renegotiated NAFTA treaty

07/03/2018

Linked Articles

Win by López Obrador Pushes Mexico Sharply to Left

WSJ 07/02/2018

Juan Montes, Robbie Whelan

WSJ 07/02/2018

William Mauldin, Santiago Pérez

The lifting of the mood in Mexico as a moderate position emerges on NAFTA, trade with Mexico, and sets the goal of mutually beneficial relations

04/14/2017

Linked Articles

Mexico is growing less pessimistic about Donald Trump

The Economist 04/14/2017

WSJ 03/30/2017

William Mauldin In Washington, Paul Vieira In Ottawa, Juan Montes In Mexico City

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

Amy Goldstein, Amy, Goldstein

The Guardian 08/10/2016

David Smith

Public focus on good governance, corruption and the rule of law- the situation in Mexico and Brazil in 2016

06/10/2016

The Worker's Party in Brazil and the PRI have seen a sharp decline in popularity by 2016 with public discontent over governance, corruption and the rule of law.

Linked Articles

Mexico’s Ruling Party Loses Gubernatorial Races in Several States

WSJ 06/10/2016

New York Times 05/12/2016

Andrew Jacobs, Andrew, Jacobs

Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs

03/08/2016

By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.

Linked Articles

How Trump’s Hard Line on Trade Could Backfire

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Wall Street Journal 03/08/2016

Holman W. Jenkins Jr., Holman, W., Jenkins, Jr.

The Obama administration's efforts on the Trans Pacific Partnership (TPP), after losing allies in Asia and Europe to the Asian Infrastructure Investment Bank

04/17/2015

The Obama administration pushes a free trade pact that includes the U.S., Canada, Mexico, Peru, Chile, Australia, New Zealand, Japan, Malaysia, Singapore and Vietnam. This free trade pact is now seen as a U.S. effort to counter China in the Asian region. India, UK, Germany, France, Italy and other European countries decided to join the Asian Infrastructure Investment Bank sponsored by China, on its merits, after the U.S. refused to join.

Linked Articles

TPP: Momentum on Trade Deal Bolsters U.S., Japan Efforts to Counter China

Wall Street Journal 04/17/2015

Jacob Schlesinger, Jacob, Schlesinger, Mitsuru Obe, Mitsuru, Obe, And Mark Magnier, And, Mark, Magnier

Wall Street Journal 04/17/2015

William Mauldin, William, Mauldin

What Greece won in the negotiations and what Greece lost in the failure of talks with the EU, capital controls, closing of banks and the referendum on July 5, 2015

02/27/2015

Major concessions were won by Greece on the most important issues of the surplus, and the size of the public sector with high unemployment. Compromise was being reached on the value added taxes and age for getting pensions, next down the list. Next on the list were pension cuts which undoubtedly would hurt pensioners but in the larger picture of the economy would come after the size of the surplus and dateline, and the size of public sector. The size of these cuts is small compared to the cost of 60 billion euros from the damage done to the economy, and the alternatives for pensioners and the rest of the country. under bank closure. For the EU this was seen as part of pension reforms and for left leaning Syriza compromising on behalf of pensioners.

Linked Articles

IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief

Wall Street Journal 07/03/2015

Viktoria Dendrinou, Viktoria, Dendrinou, Nektaria Stamouli And Ian Talley, Nektaria, Stamouli, And, Ian, Talley

New York Times 02/27/2015

Paul Krugman, Paul, Krugman

China, the U.S. and Japan- the task of reestablishing peaceful cooperation in the Pacific region after the missteps of 2011-2013

07/09/2014

Meetings for the sixth round of the Strategic and Economic Dialogue in Bieijing between the U.S. and China, and Japanese prime minister's address to the Australian parliament in Canberra, at about the same time in July 2014, showing how the path of peaceful cooperation will have to be actively pursued to remain a reality. Underpinning the hopes of China, Japan and neighboring countries in Asia is the U.S. will and purpose for maininting the post war peace and stability for the benefit of all, that at times has been missing in the words and actions of the Obama administration. Lack of peace in the region would seriously affect China's effort to bring better incomes to the large majority of people still in the countryside and leave China stuck in middle income status of countries like Mexico, damage the prospects of improving incomes of billions of people in India, other parts of Asia and Latin America. In this sense the Japanese people have shown the wisdom of keeping the conditions of peace that have prevailed for the post war period, and the U.S. with undiminished will and purpose in its post war role can affirm the hopes of the people of the region, including the hope of people in China, India, Japan, S. Korea, and Latin America.

Linked Articles

U.S., China try to emphasize potential for cooperation - The Washington Post

Washington Post 07/09/2014

Simon Denyer, Simon, Denyer

Wall Street Journal 07/09/2014

Yuka Hayashi, Yuka, Hayashi

Euribor close to zero and relief for suffering homeowners with mortgages in Spain, Portugal and other eurozone countries

05/28/2014

Most mortgages in Spain and Portugal are based on the Euribor rate. The ECB's monetary policy under Draghi has led to the decline of the Euribor rate to near zero in 2015, giving homeowners in extremely high unemployment countries such as Spain and Portugal much needed relief. Homeowners in Italy, with stagnant incomes and high unemployment, and other eurozone countries also get relief.

Linked Articles

Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers

Wall Street Journal 04/14/2015

Patricia Kowsmann And Jeannette Neumann, Patricia, Kowsmann, And, Jeannette, Neumann

Wall Street Journal 05/28/2014

Matt Moffett, Matt, Moffett, Olivia Crellin, Olivia, Crellin

IMF reforms increasing the role of China, India, S. Korea, Brazil, Mexico and Turkey in governance- the IMF position and the position in the U.S. Congress

03/25/2014

Linked Articles

Obama's IMF Gambit

Wall Street Journal 03/26/2014

Editorial

Wall Street Journal 03/25/2014

Christine Lagarde, Christine, Lagarde

Faces the U.S. Federal Reserve's Janet Yellen will have in mind as she shapes Fed policies

01/23/2014

The long term unemployed will shape Yellen's thinking on Fed policy in 2014-2015, especially men of working age.

Linked Articles

More Men in Prime Working Ages Don't Have Jobs

Wall Street Journal 02/06/2014

Mark Peters, Mark, Peters, David Wessel, David, Wessel

New York Times 01/23/2014

Floyd Norris, Floyd, Norris