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Grouped Articles
Pope Francis Faces a Latin America Where Many Catholics Worship to a Different Beat
New York Times 07/09/2015
James Stewart in the NYT cites 2 papers, one by Prof. Arturo Porzecanski at American University and the other from Daniel Gros at the Center for European Policy Studies in Brussels, which show the serious problems of Greece following the Argentina example. Argentina defaulted on its debt in 2001 with the the ensuing years resulting in economic chaos. It recovered because of demand from Brazil and China for its exports of soyabeans, corn and soya oil. It also has large oil and shale reserves. Greece's main exports are cotton and fish, which are not in high demand, and cannot provide an economic boost. Tourism has gone up with price reductions, yet total revenues have not changed. The Greek banks are dependent on the ECB for financing, and the Greek business sector operates with borrowings in euros. Conversion to drachmas would be much more difficult than Argentina's shift to the peso and removing the peso's peg to the dollar. Stewart says he talked to Greece's finance minister Varoufakis about this, and Varoufakis is of the view that Argentina is not the right example for Greece. Greeks voted in Syriza to negotiate a better deal, and rejecting austerity- yet a majority of Greeks in 2015 favor staying in the eurozone and the European Union.
Grouped Articles
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
Greece Calls Referendum on Bailout Terms
Wall Street Journal 06/27/2015
Greek Debt Crisis Intensifies as Extension Request Is Denied
New York Times 06/27/2015
Greece Defaults on IMF Loan Despite New Push for Bailout Aid
Wall Street Journal 07/01/2015
Greece, Missing I.M.F. Payment, Is Called Effectively in Default
New York Times 06/30/2015
Wall Street Journal 07/02/2015
The 4 year U.S. Environmental Protection Agency study concludes that there is no widespread or systemic damage to drinking water in the U.S. The Environmental Defense Fund points to the problems with older wells and wastewater which need to be tackled, and raises concerns that the EPA report will lead to the industry relaxing its safety efforts.
Grouped Articles
Fracking Has Had No ‘Widespread’ Impact on Drinking Water, EPA Finds
Wall Street Journal 06/05/2015
Wall Street Journal 06/05/2015
Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.
The New York Times 12/07/2016
Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.
The New York Times 12/07/2016
Clean Energy ‘Moving Forward’ Despite Trump’s E.P.A. Pick, Experts Say
The New York Times 12/09/2016
Grouped Articles
The Accidental Winemakers of Mendoza
New York Times 05/07/2015
Grouped Articles
Brazil’s coming recession: The crash of a titan
Economist 04/05/2015
Learning the lessons of stagnation
Economist 06/30/2015
How Brazil’s China-Driven Commodities Boom Went Bust
Wall Street Journal 08/28/2015
Brazil’s Economic Crisis Beats the Emerging Middle Class Back Down
Wall Street Journal 11/10/2015
Gloom on Brazil Finances Deepens
Wall Street Journal 12/17/2015
Brazil’s Finance Minister Replaced
New York Times 12/18/2015
Grouped Articles
Amid a Slump, a Crackdown for Venezuela
New York Times 02/22/2015
In Chávez, Maduro Trusts, Maybe to His Detriment and Venezuela’s
New York Times 03/09/2015
Wall Street Journal 09/11/2015
Venezuelan Opposition Wins Congressional Midterm Elections
Wall Street Journal 12/07/2015
A revitalized voice for the Americas - The Washington Post
Washington Post 01/25/2016
Venezuela Issues New Bank Notes Because of Hyperinflation
The New York Times 01/17/2017
The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.
Grouped Articles
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Exxon Mobil: Shale to the Chief
Wall Street Journal 03/06/2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03/14/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
The gradual normalization of U.S.- Cuban relations is likely to affect how the U.S. is perceived in Argentina, Venezuela, Colombia, Brazil, Mexico and other countries.
Grouped Articles
A deal with Castro, for a post-Castro future - The Washington Post
Washington Post 12/22/2014
Obama Meets Raúl Castro, Making History
New York Times 04/11/2015
An Investment in Colombia’s Peace
New York Times 02/05/2016
Obama Visit Affirms Argentina’s Shift Toward Center
New York Times 03/23/2016
Colombia’s Remarkable Peace Process
The New York Times 08/25/2016
Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.
WSJ 11/26/2016
Grouped Articles
How Investors Can Prepare for 2015
Wall Street Journal 12/19/2014
A 2015 ‘Rebalancing’ Act for Investors
Wall Street Journal 01/01/2015
Lessons From Fund Managers in Their 70s, 80s
Wall Street Journal 01/06/2015
Why This Old Bull Market May Not Be Ready to Die
Wall Street Journal 04/26/2015
Smart Moves in a Pricey Stock Market
Wall Street Journal 05/03/2015
Five Things: What Investors Shouldn’t Do Now
Wall Street Journal 08/23/2015
Grouped Articles
U.S. Restores Cuba Ties in Historic Deal
Wall Street Journal 12/18/2014
Change in Policy, Like Shift in Demographics, Could Alter Florida’s Political Map
New York Times 12/17/2014
Journey to Reconciliation Visited Worlds of Presidents, Popes and Spies
New York Times 12/17/2014
As Havana Celebrates Historic Shift, Economic and Political Hopes Rise
New York Times 12/17/2014
How Obama’s Undercover Statecraft Secured Three Major Accords
New York Times 12/18/2014
Pope Francis Is Credited With a Crucial Role in U.S.-Cuba Agreement
New York Times 12/17/2014
Grouped Articles
Journey to Reconciliation Visited Worlds of Presidents, Popes and Spies
New York Times 12/17/2014
As Havana Celebrates Historic Shift, Economic and Political Hopes Rise
New York Times 12/17/2014
A deal with Castro, for a post-Castro future - The Washington Post
Washington Post 12/22/2014
Along With President Obama, the 21st Century Visited Cuba
New York Times 03/27/2016
Grouped Articles
Tabaré Vázquez Reclaims Presidency in Uruguay Election
New York Times 11/30/2014
The role of reading in a child's development is crucial for the child's future, with parents reading to children an activity to be encouraged and fostered by society in every way. How can parents use electronic technology of iPads to shift some of the television time to the wider selection of books and programs of educational value for children? Training children to make wise and useful choices of educational value from the wide proliferating selection on the internet is itself an exercize that is needed, just as the exercize of showing children how to make wise and useful eating choices is needed.
Grouped Articles
Is E-Reading to Your Toddler Story Time, or Simply Screen Time?
New York Times 10/11/2014
The Great Gift of Reading Aloud
Wall Street Journal 07/15/2015
Long Line at the Library? It’s Story Time Again
New York Times 11/01/2015
The New York Times 08/02/2017
Grouped Articles
Argentine City Aims to Stand Out With Rebellious Spirit (and Coke) in a Cup
New York Times 06/30/15
Grouped Articles
Economist 06/12/15
Learning the lessons of stagnation
Economist 06/30/15
Wall Street Journal 07/07/15
Argentina’s Poverty Levels Could Prove Pivotal in Election
Wall Street Journal 07/14/15
Macri’s Promising Start in Argentina
Wall Street Journal 12/19/15
Argentina’s New President Moves Swiftly to Shake Up the Economy
New York Times 12/27/15
Grouped Articles
FIFA Charges Instantly Earn Loretta Lynch Global Recognition
New York Times 05/29/15
How Loretta Lynch has investigated the police and not made them all hate her - The Washington Post
Washington Post 04/19/16
Dollar debts for Brazil went up from $100 billion in 2010 to $250 billion in 2015, according to BIS data. Even more in local currency terms which went up from 210 billion reais to 650 billion reais. BNDES and Caixa Economic Federal, 2 state owned banks made up 35% of bank loans in Brazil in 2009, by 2015 this went up to 55%, making Brazil's banking system a fiscal operation overly dependent on the state. With rates as high as 16%, the state banks provide subsidized loans to firms at 5.5%. Monetary policy is difficult for the central bank as increasing rates to shore up the declining real would hurt the economy, which is expected to contract by 1.5% by official estimates, but higher according to other private estimates. The declining real, drought affecting hydroelectric generated power prices, and lower export revenues, in addition to high debt interest payments exceeding 6% of GDP, are leading to low or no economic growth for 2015-2016. This comes at a time of corruption issues and ratings one notch above junk for state oil company Petrobras, which itself needs government support.
Grouped Articles
Brazil’s coming recession: The crash of a titan
Economist 04/05/15
Fed Must Consider the World and All U.S. Employment
Wall Street Journal 04/09/15
Russia, Brazil Mistakes Show How Inflation Can Still Arise
Wall Street Journal 05/03/15
Learning the lessons of stagnation
Economist 06/30/15
How Brazil’s China-Driven Commodities Boom Went Bust
Wall Street Journal 08/28/15
Brazil Sinks into Technical Recession on Second Quarter Output Contraction
Wall Street Journal 08/28/15
Grouped Articles
Radio and TV Martí, U.S. Broadcasters to Cuba, Emerge From Cold War Past Facing Uneasy Future
New York Times 03/24/15
Cuba One Year After Obama’s Overtures
Wall Street Journal 12/21/15
Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.
WSJ 11/26/16
Found in Moscow’s Flea Markets: Car Parts, Jeans and Bargain-Hunting Cubans
WSJ 06/07/17
As the debt is run up it takes more units of borrowing to create one unit of investment. Over 4 units of borrowing in 2015 compared to less than 2 units of borowing before 2007, is what it now takes to create one unit of investment, according to JP Morgan. Where this adds to the glut in building or if its just a pet project or dream of city mayors the productivity of the investment is much lower, with additional risks in borrowing. And the collateral to support it of land sales is now increasingly unreliable with developers making cuts as property markets are slowing. The central government fearing slowing growth is pushing problems down the road, say experts. The IMF estimates that local government debt will reach 56% of GDP by 2019. The danger is that this will depress China's growth to below 5-6% in coming years witht a lot of the new borrowing simply going to rollover old loans, a situation Japan faced in the 1990's when the expression zombie loans was coined. This has implications for major manufacturing exporters Germany, Japan, the U.S., and for commodity exporters Australia, Canada, Brazil, S. Africa, Chile, which may look to India, Indonesia and other developing countries for exports.
Grouped Articles
Debt That Once Boosted Its Cities Now Burdens China
Wall Street Journal 01/28/15
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/15
A Warning on China Seems Prescient
New York Times 08/24/15
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/16
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/17
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/17
Grouped Articles
Pope Names 15 New Cardinals Reflective of Diversity of the Faithful
New York Times 01/04/15
Pope Says Sri Lanka Must Confront Truth About Its War to Heal
New York Times 01/13/15
Pope Francis Sees Limits to Freedom of Speech
Wall Street Journal 01/15/15
Pope's zeal for change undimmed as he reaches 80 - BBC News
BBC News 12/19/16
Opinion: Pope Francis wants change. But does the Church? | World | DW.COM | 17.12.2016
DW.COM 12/17/16
Grouped Articles
If Not David to the U.S. Goliath, Cuba Asks What Its Role Is Now
New York Times 12/20/14
On the Open Road, Signs of a Changing Cuba
New York Times 01/06/15
Radio and TV Martí, U.S. Broadcasters to Cuba, Emerge From Cold War Past Facing Uneasy Future
New York Times 03/24/15
Along With President Obama, the 21st Century Visited Cuba
New York Times 03/27/16
Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.
WSJ 11/26/16
In Havana, Castro’s Death Lays Bare a Generation Gap
The New York Times 11/26/16
Pope Francis and Cardinal Parolin have an intimate knowledge of the situation in Latin America and Cuba. In October 2014 the Vatican hosted a meeting of the two sides to set the stage for a restoration of diplomatic relations.
Grouped Articles
Pope Francis Is Credited With a Crucial Role in U.S.-Cuba Agreement
New York Times 12/17/14
For Pope Francis, an unfinished mission in Cuba - The Washington Post
Washington Post 09/12/15
Cubans Have Mixed Opinions on Effect of Visit by Pope Francis
New York Times 09/19/15
Pope Francis, Arriving in Cuba, Seeks to Revive Church
New York Times 09/19/15
Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.
WSJ 11/26/16
Grouped Articles
For Cubans in Miami, the Gulf to Their Homeland Narrows
New York Times 12/20/14
In Miami, Astonishment Over Action and Disagreement Over Cuba News
New York Times 12/17/14
Radio and TV Martí, U.S. Broadcasters to Cuba, Emerge From Cold War Past Facing Uneasy Future
New York Times 03/24/15
Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.
WSJ 11/26/16
In Havana, Castro’s Death Lays Bare a Generation Gap
The New York Times 11/26/16
Found in Moscow’s Flea Markets: Car Parts, Jeans and Bargain-Hunting Cubans
WSJ 06/07/17
Grouped Articles
As Havana Celebrates Historic Shift, Economic and Political Hopes Rise
New York Times 12/17/14
A deal with Castro, for a post-Castro future - The Washington Post
Washington Post 12/22/14
Along With President Obama, the 21st Century Visited Cuba
New York Times 03/27/16
Grouped Articles
Coming Soon: Japan’s First Airliner in 50 Years
Wall Street Journal 10/16/14
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