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Grouped Articles
Opinion: 'Marshall Plan with Africa' creates enormous expectations | Germany | DW.COM | 18.01.2017
DW.COM 01/18/2017
Young, Urban and Poor: Africans Fight Back
WSJ 02/05/2019
Grouped Articles
John Glenn survived space and celebrity — and still had a great marriage
Washington Post 12/09/2016
Ruth Bader Ginsburg’s Advice for Living
The New York Times 10/01/2016
The first term of president Obama was taken up mostly in meeting the 2008 financial crisis. Much remains to be done says president Obama after his second term, as the economic recovery needs to be brought home to all Americans, job opportunities improved, growing inequality addressed, productivity increased. He says many foreign leaders ask him about the the populist trends and sentiment for protectionism growing in the U.S. and he has given a lot of thought to this. He summarizes his ideas in an Essay in The Economist magazine of Oct 8-14th 2016.
Grouped Articles
The Economist 10/08/2016
The Guardian 11/06/2016
‘American Democracy Is Bigger Than Any One Person,’ Obama Says
The New York Times 11/16/2016
The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
Washington Post 12/09/2016
The appeal of populist politicians using racist slogans and divisive rhetoric to appeal to those left behind by the capitalism, tech changes, trade and globalization of the last 2 decades, has created a new danger to the prosperity and peace achieved in the 4 decades after World War II. Schieritz shows how this needs to be addressed and the changes already taking place.
Grouped Articles
Globalization: Capitalism Should Be Nicer | ZEIT ONLINE
ZEIT ONLINE 07/29/2016
Big government is the new West Coast craze
Washington Post 11/06/2016
Populism, Far From Turned Back, May Be Just Getting Started
The New York Times 04/25/2017
Grouped Articles
‘I Dream in Fruit’: What Hunger Looks Like in Syria
10/28/2016
The $40 billion estimate of loss to the U.S. Treasury from tax havens is by Robert Morgenthau, U.S. District Attorney for Manhattan. The 3-10 times foreign aid estimate of loss in tax revenues for poor countries dependent on such taxes because of large informal economies, is from Angel Gurria, head of OECD for three times, and as high as ten times from the Tax Justice Network. This means poor infrastructure development, fewer roads and less spent on education and healthcare in poor countries with desperate needs especially in Africa and parts of northern India, Pakistan. Its not just poor countries, as the U.S. also needs the money to replace older crumbling infrastructure, an issue in the 2016 U.S. presidential campaign
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/2016
The New York Times 08/12/2016
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/2016
Grouped Articles
IMF’s African Push Reopens Old Wounds
Wall Street Journal 03/05/2016
Young, Urban and Poor: Africans Fight Back
WSJ 02/05/2019
Grouped Articles
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Grouped Articles
Nurturing Talent Is Hard in Africa
Wall Street Journal 12/09/2015
Grouped Articles
MTN Chief Executive Resigns After Nigerian Fine
Wall Street Journal 11/10/2015
In 1997 Federal Reserve rate increases worsened the situation in the fragile Mexican economy, with Mexico needing a large bank bailout. Contagion to other countries was also a large problem at the time. Harvard economists Kenneth Rogoff and Larry Summers, cite the situation facing emerging markets with the sharp fall in commodity prices and the decline in the value of the currencies, particularly Brazil, Indonesia and Russia, countries dependent on commodity exports, creating risks in the global economy that the Fed could not ignore. The debt crisis in China and slowing economy, with missteps by the government in handling the stock market decline, happened in August-September 2015, creating added uncertainty- making Sept 15, 2015, too soon for the Fed to risk even a modest 0.25% increase in rates.
Grouped Articles
Watching the Fed, and Remembering the Tequila Crisis
New York Times 09/18/2015
Fed Leaves Interest Rates Unchanged
New York Times 09/17/2015
Gloom on Brazil Finances Deepens
Wall Street Journal 12/17/2015
Why China’s Market Fell So Much
Wall Street Journal 01/05/2016
Why China’s Market Illness Has Gotten More Contagious
Wall Street Journal 01/12/2016
A January Pause, but Fed Affirms Plan for Gradual Rate Increases
New York Times 01/27/2016
Kenneth Rogoff of Harvard, is an expert on financial and debt crises, with the most extensive quantitative study of debt crises of 66 countries with Carmen Reinhart. The research is published in the book, "This Time Is Different." He discusses the debt crisis in China with the NYT's Andrew Ross Sorkin, saying China is not immune to the problems from an alarming buildup of debt. He says the reason China was seen as impervious to debt problems is because of the high savings rate of 30%, the millions of migrants moving to cities for manufacturing work, and government control of markets. Actually he sees China as a really good example of "This Time Is Different," the notion that somehow it can't happen here. The result is along delay before an event and the sudden speed of the implosion once it hits. The effects Rogoff sees are the risks to commodity producing countries such as Russia, Brazil, and other countries dependent on exports. He says China's large foreign exchange reserves offers a way for it to manage the debt crisis.
Grouped Articles
A Warning on China Seems Prescient
New York Times 08/24/2015
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/2016
Will Trump herald a US economic boom?
The Guardian 12/07/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
In Downgraded China, Echoes of Japan’s Boom and Bust
WSJ 05/24/2017
Grouped Articles
Wall Street Journal 07/28/2015
Ghana electing next president, parliament | News | DW.COM | 07.12.2016
DW.COM 12/07/2016
Grouped Articles
DW.COM 12/20/16
Berlin's Bishop Dröge: 'Don't let violence discourage you' | Culture | DW.COM | 21.12.2016
DW.COM 12/21/16
Grouped Articles
She was born the day women got the vote. And then a century passed. . .
Washington Post 11/08/16
Grouped Articles
Ruth Bader Ginsburg’s Advice for Living
The New York Times 10/01/16
Justice Ruth Bader Ginsburg is making her opera debut
Washington Post 10/21/16
Dangers to the global economy from many left behind by the tech and trade changes of the last 2 decades that have benefitted some sectors and groups and hurt others. Turning to populist political appeals those who feel left behind and suffer the effects of a lack of intergenerational mobility could lead the world into a period of protectionism and nationalist upheaval. This would reverse many of the changes that delivered prosperity for the four decades after World War II.
Grouped Articles
Globalization: Capitalism Should Be Nicer | ZEIT ONLINE
ZEIT ONLINE 07/29/16
World Trade Set For Slowest Yearly Growth Since Global Financial Crisis
WSJ 09/27/16
WTO lowers trade growth forecast | Business | DW.COM | 27.09.2016
DW.COM 09/27/16
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/16
12/19/16
On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/17
Grouped Articles
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/16
Oil prices, financial markets sink after production limit plan fails - The Washington Post
Washington Post 04/18/16
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/17
Poorer developing countries have a large informal economy which does not generate tax revenue. These countries depend on foreign investment, taxes on transactions and the small formal economy to generate tax revenue. Angel Gurria, head of the OECD, says ppor countries lose three times what they get in foreign aid because of tax evasion. Estimates show that about half of foreign investment coming to poor countries comes through tax havens. Typical is a transaction by Vodafone that bought Hutchison Essar in India in an offshore to offshore transaction because both companies are based in tax havens in places like the Netherlands and Mauritius. If this was not the case it would generate $2.2 billion in tax revenues for India, about what it costs to provide subsidized meals to schoolchildren in India, according to Max Bearak of the Washington Post. The Panama Papers Scandal in 2016 revived the issue of tax havens, and tax evasion, that was a major issue in the media coverage following the 2008 financial crisis.
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/16
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/16
Grouped Articles
Barclays Shares Fall More Than 10% on Dividend Cut, Wider Loss
Wall Street Journal 03/02/16
Barclays, Posting Loss, Plans to Reduce Business in Africa
New York Times 03/01/16
Grouped Articles
First Dengue Fever Vaccine Approved by Mexico
New York Times 12/09/15
Brazil Approves Sanofi’s Dengue Vaccine
Wall Street Journal 12/29/15
Grouped Articles
In Nigeria, Chinese Investment Comes With a Downside
New York Times 12/05/15
Grouped Articles
Global Demand Growth for Oil May Fall by a Third in 2016
Wall Street Journal 10/22/15
The Global Battle for Oil Market Share
Wall Street Journal 12/16/15
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/16
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/17
Grouped Articles
Migrant Wave Inspires Others to Attempt Trek to Europe
Wall Street Journal 09/08/15
Washington Post 11/16/15
Nigeria Finds a National Crisis in Every Direction It Turns
The New York Times 07/17/16
‘I Dream in Fruit’: What Hunger Looks Like in Syria
10/28/16
Grouped Articles
Overheard: China’s Yuan Move Undercuts Oil
Wall Street Journal 08/12/15
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/15
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/15
Economist 08/24/15
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08/27/15
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