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Category Archives: Economics & Business
June 18, 2013
ESSAY
How China Lost Burma
At the end of September 2011, after Burma’s President announced that construction on a huge dam on the Irrawaddy River would be suspended indefinitely, the head of the Chinese company in charge of the project told a newspaper reporter that he was … Continue reading
ESSAY
Clash of the Blue Titans in Detroit
Blue power is in big trouble in Detroit, where the threat of bankruptcy has both public sector unions and municipal bondholders at the barrel of a gun. Mary Williams Walsh’s report in the NYT today makes it clear that unless … Continue reading
ESSAY
Are the Bad Old Days Coming Back to Brazil?
More than a hundred thousand protesters gathered in big cities across Brazil yesterday after the government raised bus fares across the country. As in Turkey, the protests spread rapidly and soon turned violent, tapping into a broader discontent around the … Continue reading
ESSAY
No, Really?
One billion euros in aid that the EU gave to Egypt over the past six years has gone to waste, the EU’s spending watchdog reported today in a scathing assessment. Sixty percent of that aid—€600 million—is unaccounted for. “They do not … Continue reading
June 17, 2013
ESSAY
Siemens Shutters Solar Sector
Ain’t no sunshine when Siemens is gone: The massive German multinational is getting out of the solar business after posting a loss of more than $1 billion in its two years of operation. The engineering company is a world leader … Continue reading
ESSAY
Manufacturing Boom Won’t Bring Back Jobs in Midwest
With the discovery of shale reserves in states like Ohio, Pennsylvania, and Indiana, a number of hard-hit cities in the Midwest have seen money and investment pour in as manufacturing companies retool themselves to cater to the oil and gas … Continue reading
ESSAY
Egypt Shoots Tourism Industry in the Foot
Handing over control of a tourist hotspot to a party that loathes tourists is asking for trouble, but that’s exactly what Egypt has just done. On Sunday, President Morsi appointed Adel al-Khayat of the Gamaa al-Islamiyya party as Governor of … Continue reading
ESSAY
Global Telework on the Rise
Roughly 20 percent of the world’s workforce works from home at least once a week. Via Meadia’s telework coverage often focuses on the American experience, but remote working is frequently generating more success stories abroad. According to research done by … Continue reading
ESSAY
Is the China Bubble About to Explode?
To many it seems inconceivable that the mighty Chinese economy could be headed for major trouble, but recent news should give even the most bullish something to ponder. Consider this analysis from the Financial Times: The problems stem from China’s … Continue reading
June 16, 2013
ESSAY
Is Global Economic Instability Here to Stay?
The global economy is changing dramatically before our eyes—but whether for better or worse isn’t yet clear. That’s the thesis of an insightful WSJ piece on the current instability of international markets: For the past few years, the global economy, … Continue reading
ESSAY
Detroit Rescue Plan to Gut City Pensions
City and state workers around the country think that their defined benefit pension programs are safe; after all, that’s what the politicians and union leaders keep telling them. But to get a glimpse of what the future will look like … Continue reading
June 15, 2013
ESSAY
Euro Crisis: Even the Good Kids are Getting Hurt
Despite Europe’s problems, thrifty and well-organized northern European countries have so far managed reasonably well—but that is beginning to change. Negotiations in the Netherlands next week will focus on how to cut the country’s budget deficit by €6 billion, or … Continue reading
ESSAY
Germany’s Green Plan is Crumbling
The wheels are falling off of Germany’s green energy revolution. In recent years Europe has attempted to position itself as a first mover and global leader in renewable energy, and Germany has led the way with ambitious domestic programs to … Continue reading
ESSAY
Sticky Rice Growers Lard On The Pork
Though we were cheered earlier this week by the prospect of a new farm bill passing that could, among other things, curtail the wasteful $5 billion a year direct cash subsidy program to farmers, it appears that the agriculture lobby … Continue reading
June 14, 2013
ESSAY
Detroit’s Last Hope to Avoid Bankruptcy
Detroit has been skirting bankruptcy for a while now, and today Emergency Manager Kevyn Orr met with the city’s creditors to discuss plans to restructure the city’s obligations. Creditors would have to take a hit on any such deal, but it’s … Continue reading
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