Tag Archives: economy

The Birds: Europe’s Debt Crisis Foreshadows President Obama’s Electoral Doom

I foresee, in the following New York Times reporting on the Eurozone economic crisis, the end of Barack Obama’s presidency: Jens Weidmann, president of the Bundesbank, the German central bank, argued Monday that the core problem in the euro zone … Continue reading

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Thanks, McDonald’s: Obesity is Killing America’s Economic Competitiveness by Ballooning Health Care Costs

So says Jim Clifton, CEO of Gallup and author of The Coming Jobs War. In an interview at Gallup’s Management Journal, he tags obesity and fruitless late-life interventions as the two chief reasons that Americans spend so much more than … Continue reading

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President Barack Obama’s Long Game

A number of things have, indeed, gotten better since Barack Obama became President of the United States. The following video is a useful reminder. _____ And don’t forget the end of George Bush’s sanctioning of torture. That’s a big one. … Continue reading

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Paul Krugman’s Advice to Italy and Spain: Inflate and Stimulate

Paul Krugman continues to think that what’s going on in Greece, Italy, and Spain says nothing—nothing!—about the political culture surrounding welfare statism in Europe and everything about the way the euro ties the hands of those making monetary policy: Japan is much more deeply … Continue reading

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The Debt Crisis: Niall Ferguson Said It Would Come To This

Harvard historian Niall Ferguson, back in November of 2009, wrote the following for Newsweek: History strongly supports the proposition that major financial crises are followed by major fiscal crises. . . . This is how empires decline. It begins with a debt … Continue reading

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Debt-Ceiling Deal Watch: Obama Meep Meeps His Opposition

All the fire, brimstone, sackcloth, and ashes emanating from the American left and right surrounding the debt-ceiling deal misses the big story, which is the following: America’s course for the next decade is trending libertarian, and Obama is about to surf … Continue reading

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A Keynesian Take on the Debt-Ceiling Deal: Paul Krugman Derides Obama’s Faith in the “Confidence Fairy”

Here’s a small part of what Paul Krugman recently wrote in the New York Times on the debt-ceiling deal: We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And … Continue reading

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Post Debt-Ceiling Deal: America’s Libertarian Drift is a Good Thing

The Christian Science Monitor today had this startling bit of demographic information and analysis buried in a much longer report on America’s decades-long shift towards conservatism: By the year 2050, nearly 1 in 5 Americans will be foreign-born – a percentage … Continue reading

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Running with Scissors: Why the Debt-Ceiling Deal is a Victory for the Tea Party and Barack Obama

I don’t like the Tea Party’s social conservatism, but its libertarian impulses are proving to be extraordinarily good for America’s long-term economic health—and Barack Obama’s prospects for reelection. Barack Obama ought to be crowing right now (and he most certainly … Continue reading

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Jiaozhou Bay Bridge: China’s 26 Mile Sea Bridge is the Largest Ever Built

This is not an artist’s simulation of a 26 mile sea bridge that the Chinese would like to build someday. It’s a 26 mile sea bridge that the Chinese actually opened recently. They are starting to run circles around the … Continue reading

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Inside Job: Max Keiser Was Right!

Before seeing the documentary Inside Job, I genuinely thought that Max Keiser’s somewhat well-known public condemnation of Goldman Sachs was largely hyperbole. I now think otherwise. Everything he says here is, if anything, an understatement:                                                                                                                                                                                                                                                                                                                                                            . And here’s Inside Job on DVD … Continue reading

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Is Fukushima Daiichi Nuclear Power Station Heading for a Meltdown?

The New York Times today explains what’s most worrisome about Japan’s post-tsunami Fukushima Daiichi nuclear power station crisis: [As the Chairman of the U.S. Nuclear Regulatory Commission,] Mr. Jaczko’s most startling assertion was that there was now little or no water in … Continue reading

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The New Ball(s) and Chain Watch: Hanna Rosin on the Historic Rise of Women and the Decline of Men

For all of recorded history, men have dominated the public sphere (and the domestic private sphere as well, as in the pater familias). But the 21st century is in the midst of a historic pivot: women appear to be on their way … Continue reading

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California Budget Crisis Watch: As Jerry Brown Assumes the Governorship, Education Braces for Big Spending Cuts

The State of California faces a $28-billion funding deficit over the next 18 months, and education costs consume 40% of the state’s budget. That means that cuts to education are coming. Big cuts. Here’s the Los Angeles Times today: Treasurer Bill Lockyer, who … Continue reading

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Treat China Like the Old Soviet Union: E. J. Dionne’s Awful Solution to America’s (Perceived) Decline

E. J. Dionne, in a recent piece at Truthdig, gives a tart and accurate summary of the past decade: [I]n the first decade of the new millennium, our country squandered its international advantages, degraded its power with a long and … Continue reading

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Yet Another Reason to Enroll Your Children in Mandarin Language Courses

A little quote from an Associated Press report this week on China’s role in the global skyscraper market: The U.S. high-rise market is “pretty much dead,” said Dan Winey, a managing director for Gensler, the Shanghai Tower’s San Francisco-based architects. … Continue reading

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California is Spain: A Debt Crisis Looms for the Golden State

This is front page news in the New York Times today, and, as a California resident, it’s alarming: [M]any state and local governments have so much debt — several trillion dollars’ worth, with much of it off the books and largely … Continue reading

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Teach Your Children (Mandarin) Well: Ian Morris Makes a Prediction

Ian Morris, the super-giant brained academic who belongs to, not one, but three academic departments at Stanford University (Classics, History, and Archeology), thinks we are fast entering the era of Far Eastern economic and political dominance and that it could … Continue reading

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A Good Jerry Brown Ad

I love California. I love Jerry Brown.

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Greg Easterbrook Looks on the Bright Side of American Life

A little reminder, from Greg Easterbrook, that life in America is actually pretty good and getting better: Since roughly 1975, when middle-class income gains began to stagnate, lifespans have improved, material living standards have risen (safer cars, nearly universal air … Continue reading

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