NewsTrust - Global Economy - Most Recent Stories: Opinion (Mainstream)

The Europeanization Of America

Fri, 13 Nov 2009 00:00:00 -0800

Forbes - By Bruce Bartlett - Nov. 13 (Opinion) - Would it really be so bad?

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Our Free Market Makes Economic Collapse Inevitable

Mon, 02 Nov 2009 00:00:00 -0800

Bill Moyers Journal - By Bill Moyers, James Galbraith - Nov. 02 (Interview) - The headlines are trumpeting recovery — some are even proclaiming an end to the recession in the United States (unofficially, that is). The US economy grew in the third quarter for the first time in a year. But there are some caveats — although jobless claims dipped slightly, many analysts still warn of a "jobless recovery." for a number of years to come. And then there's the small print — will this recovery be permanent or is it a function of the stimulus masking bigger problems? The Wall Street Journal warned: "The recovery thus far has been heavily supported by federal money, casting a question mark over the economy's underlying strength as government support dwindles." That unease is echoed by JOURNAL guest James K. Galbraith

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China leaving US behind in green energy

Thu, 22 Oct 2009 00:00:00 -0700

Boston Globe - By Joan Fitzgerald - Oct. 22 (Opinion) - Though aspects of it may violate the WTO, China has a coherent industrial policy to capture global leadership, while US initiatives are fragmented. China recognized that the real economic development potential in renewable energy is in manufacturing, which comprises 70 -75 percent of the jobs in solar, and now has more than 100 solar companies that account for one-third of global solar component production.

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The New Untouchables

Wed, 21 Oct 2009 00:00:00 -0700

New York Times - By Thomas L. Friedman - Oct. 21 (Opinion) - Those who create services, opportunities and ways to recruit work can compete on the world market. That is the key to understanding our education challenge today.

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Beyond GDP: We need a dashboard for the whole economy

Wed, 21 Oct 2009 00:00:00 -0700

New Scientist - Oct. 21 (Editorial) - From stock markets to measuring GDP, conventional economics is in a mess.

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America's soul is lost, collapse inevitable

Tue, 20 Oct 2009 00:00:00 -0700

MarketWatch - By Paul B. Farrell - Oct. 20 (Opinion) - Jack Bogle published "The Battle for the Soul of Capitalism" four years ago. The battle's over. The sequel should be titled: "Capitalism Died a Lost Soul." Worse, we've lost "America's Soul." And worldwide the consequences will be catastrophic. That's why a man like Hong Kong's contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today."

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A Heroine of ’Capitalism’

Wed, 07 Oct 2009 00:00:00 -0700

Washington Post - By Lois Romano - Oct. 07 (Interview) - Elizabeth Warren is far from a household name, but that could change quickly, given her debut on the big screen this week in Michael Moore’s scathing assessment of the government’s handling of the banking crisis.

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Can Obama Save the Global Economy (and Globalization) at the G-20?

Fri, 25 Sep 2009 00:00:00 -0700

Esquire - By Thomas P.M. Barnett - Sep. 25 (Opinion) - What does this "rebalancing" play from Washington amount to? In a nutshell, a near-term future in which America consumes less and China consumes a helluva lot more. But Obama's "framework" also promises diplomatic cover for all sides in this rebalancing process by empowering the International Monetary Fund to monitor G-20 member pledges and flag them for consultations if voluntary targets aren't being met. Since sanctions never work (even if Dmitri Medvedev and the West Wing think they're inevitable), this transparent approach is considered ideal — in effect, a multilateral version of the shaming technique historically employed by the IMF (and by the U.S. against mercantilist Japan in years past).

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Obama urges 'global reponse'

Wed, 23 Sep 2009 00:00:00 -0700

CNN - By Barack Obama - Sep. 23 (Speech) - President Obama urges the United Nations to help with a global response to the challenges that face the world.

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China gets serious about carbon emissions, global warming

Wed, 23 Sep 2009 06:39:34 -0700

Christian Science Monitor - Sep. 23 - Globe and MailChina gets serious about carbon emissions, global warmingChristian Science MonitorAt UN, China's Hu Jintao commits to measurable limits on carbon emissions for the first time. Chinese environmental activists hail the shift toward low-carbon technology. By Peter Ford | Staff writer of The Christian Science Monitor Beijing - The ...Obama to world: Don't expect America to fix it allThe Associated PressChina's green policy lauded at UN climate summitXinhuaObama to address world at UNAFPWashington Post?-Bloomberg?-Telegraph.co.ukall 1,798 news articles??

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Copenhagen or bust

Tue, 22 Sep 2009 00:00:00 -0700

Newsweek - By Gordon Brown - Sep. 22 (Opinion) - If we miss this opportunity, there will be no second chance sometime in the future, no later way to undo the catastrophic damage to the environment we will cause. So when world leaders gather this week, first at the United Nations in New York and then at the G20 summit in Pittsburgh, it is essential that we move toward resolving the issues that still divide our nations. As scientists spell out the mounting evidence both of the climate change already occurring and of the threat it poses in the future, we cannot allow the negotiations to run out of time simply for lack of attention. Failure would be unforgivable.

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Chinese Exceptionalism

Tue, 22 Sep 2009 00:00:00 -0700

New York Times - By Philip Bowring - Sep. 22 (Opinion) - Many countries, with China the most vociferous, wish for a more balanced world in which other currencies play significant roles in trade finance, capital flows and exchange reserves. But while the cries against U.S. privileges ring out loud and clear, scant notice is taken of the exceptionalism successfully pursued by China.

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Alternatives Are Simply too expensive

Tue, 22 Sep 2009 00:00:00 -0700

Wall Street Journal - By Stephen F. Hayward - Sep. 22 (Opinion) - The U.S. and Western Europe can point to a remarkable achievement over the past 40 years: significant reductions in air pollution with only a modest effect on our economic growth and prosperity. So, why can't we expect to do the same with greenhouse-gas emissions?

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The Transition Can Be Gradual—and Affordable

Mon, 21 Sep 2009 00:00:00 -0700

Wall Street Journal - By Robert N. Stavins - Sep. 21 (Opinion) - The world is facing a potential catastrophe from greenhouse-gas emissions. But nations don't have to wreck their economies to avert the crisis.

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Climate change's cold reality

Mon, 21 Sep 2009 00:00:00 -0700

The Guardian - By Muhammad Cohen - Sep. 21 (Opinion) - Developing countries will account for an estimated two-thirds to three-fourths of greenhouse gas increases over the next decade, yet nothing in the Copenhagen agreement will even slow that trend. Industrialised countries simply must hope – and pay an estimated $140bn annually – for developing countries to pursue green policies.

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Climate Change: A Perilous Path

Mon, 21 Sep 2009 00:00:00 -0700

Forbes - By Bjorn Lomborg - Sep. 21 (Opinion) - Evidence is growing that relatively cheap policies like climate engineering and non-carbon energy research could effectively prevent suffering from global warming, both in the short and long term. Unfortunately, political leaders gathering at a special meeting of the United Nations in New York this week will focus on a very different response.

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Who’s The Climate-Change Bad Guy?

Mon, 21 Sep 2009 00:00:00 -0700

Wall Street Journal - By Keith Johnson - Sep. 21 (Opinion) - There is a new storyline emerging ahead of this week’s talks on climate change. China has somehow emerged as the good guy, and the U.S., less than a year after the election of Barack Obama, is again the villain.

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Tired Protectionism

Sat, 19 Sep 2009 00:00:00 -0700

New York Times - Sep. 19 (Editorial) - After President Obama decided to impose a 35 percent tariff on Chinese-made tires, China reacted angrily and predictably: threatening to impose its own tariffs on American auto products and chicken meat. Nationalist bloggers urged China’s leaders to

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A lopsided world tilts upward, slowly

Sat, 19 Sep 2009 00:00:00 -0700

Financial Times - Sep. 19 (Editorial) - The world economy is shifting gears. It has gone from reverse to neutral – even the US is probably out of recession, says Ben Bernanke, Federal Reserve chairman. The task facing leaders at the Group of 20 nations’ summit in Pittsburgh next week will be to pick up speed – but safely.

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Pittsburgh on the Eve of the G-20 Summit

Sat, 19 Sep 2009 00:00:00 -0700

Wall Street Journal - By Stewart O'Nan - Sep. 19 (Opinion) - When President Obama announced that Pittsburgh would be the site of the upcoming G-20 summit, even Pittsburghers were surprised. Like a stunned and overcome beauty pageant winner, we honestly never dreamed we were in the running. Summits are held in international capitals like London or Helsinki, and while we understood that we weren't the first choice—for some reason, New York was booked—we were still puzzled, and a little worried. Were we really big enough to handle a summit? And, far more important, how would the rest of the world see Pittsburgh?

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We must stop the 'vulture funds' that feed on the world's poor

Fri, 18 Sep 2009 00:00:00 -0700

The Independent - By Johann Hari - Sep. 18 (Opinion) - Would you ever march up to a destitute African who is shivering with Aids and demand he "pay back" tens of thousands of pounds he didn't borrow – with interest? I only ask because this is in effect happening, here, in British and American courts, time after time. Some of the richest people in the world are making profit margins of 500 per cent by shaking money out of the poorest people in the world – for debt they did not incur.

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Will Obama rue his trade tariff on China's tires?

Wed, 16 Sep 2009 00:00:00 -0700

Christian Science Monitor - Sep. 16 (Editorial) - In a break from recent presidents, Barack Obama has taken America down a new economic path by proposing a novel idea: The US can expand free trade by sometimes restricting it. In a way, he's saying that less trade in some instances might mean more trade. He laid out his reasoning after announcing last week that he placed a 35 percent tariff on imports of vehicle tires from China.

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The Lehman Legacy: One Year Later

Tue, 15 Sep 2009 00:00:00 -0700

All Things Considered - By Gretchen Morgenson, Terry Gross - Sep. 15 (Comment) - One year after the collapse of Lehman Brothers, New York Times financial columnist Gretchen Morgenson reflects on what has — and has not — changed about the financial industry.

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Would China put sanctions on U.S.?

Mon, 14 Sep 2009 00:00:00 -0700

American Public Media - By Steve Chiotakis, Scott Tong - Sep. 14 (Interview) - Late Friday night, the White House imposed 35 percent tariffs on tires from China, a move Beijing is calling "grave protectionism." Will China put tariffs on American products? Steve Chiotakis talks to Scott Tong in Shanghai.

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Time for Boeing to get back to the basics of experience and performance

Wed, 02 Sep 2009 00:00:00 -0700

Seattle Times - By Stan Sorscher - Sep. 02 (Opinion) - Boeing is considering a second 787 line in South Carolina, which would take the company further down a path that is not working. Guest columnist Stan Sorscher, SPEEA's legislative director, urges Boeing to get back to basics where performance and experience matter.

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