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Category Archives: Economics & Business
May 5, 2012
ESSAY
The War Against The Young
An analysis of recent jobs figures at Investor.com reveals a disturbing development: the biggest beneficiaries from the economic recovery are Boomers, while everyone else is getting the shaft. Since the Obama administration took office, there has been an epochal shift. … Continue reading
May 4, 2012
ESSAY
Chart of the Day: Recovery Still Weak
This morning we discussed the bad economic news from the most recent jobs report. Hiring is slowing, the workforce is shrinking, and private sector jobs are not growing quickly enough. For a visual representation of the problem, a new chart … Continue reading
ESSAY
Europe Prepares for Leadership Change
At the beginning of France’s election season, German Chancellor Angela Merkel took the unprecedented step of crossing country lines to campaign for Nicolas Sarkozy, and showed little desire for a relationship with Socialist challenger François Hollande. But with Hollande now … Continue reading
ESSAY
Egypt: More Chaos, More Uncertainty
Unknown, un-uniformed assailants attacked unarmed protesters outside Cairo’s Ministry of Defense on Wednesday. Eleven people were killed and more than a hundred wounded before police units arrived. In response to the Interior Ministry’s inability to send forces to the scene … Continue reading
ESSAY
Bad Economic News
The disappointing payroll numbers (115,000 new jobs were reported created last month, significantly below estimates) are not the big story in the labor statistics released this morning. The big story, and the bad news, is the continued shrinkage of the … Continue reading
May 3, 2012
ESSAY
From France to Greece, Voters Have Eurocrats Sweating Bullets
European leaders are watching the French election with bated breath, anticipating a possible new regime under socialist François Hollande. The outcome could determine the future of Europe’s austerity measures and reshape the Franco-German relationship. If this relationship falls apart, Europe … Continue reading
May 2, 2012
ESSAY
A Tumultuous Game of Sanctions
The Obama Administration’s war on Iran has relied heavily on wide-ranging sanctions that score points in some places even as they lose ground elsewhere. So far, many of Iran’s biggest oil customers, like Japan and South Korea, have pledged to … Continue reading
ESSAY
Wave of Nationalizations Spreading Across South America
For the second time in two weeks, a Spanish company operating in Latin America has been nationalized by a populist government looking to score political points. Last week, Argentinian President Cristina Fernandez, following the advice of her Marxist adviser, nationalized … Continue reading
May 1, 2012
ESSAY
Duct Tape Fails to Hold Indian Ferry Above Water
Rescuers are still searching for scores of missing people after a ferry broke apart and sunk in bad weather crossing the Brahmaputra River in India’s northeastern Assam province on Monday. More than one hundred have been confirmed dead already. Indian authorities … Continue reading
ESSAY
Learning From Iceland’s Recovery
Iceland was a poster child for the kind of crazy speculative real-estate-fueled boom-and-bust that characterized the 2008 crash around the developed world. Now Reuters is reporting that Iceland is on the mend. How did it do it? Part of it … Continue reading
ESSAY
Turkish Press Review
The Turkish Press responded en masse to this year’s annual commemoration of the 1915 massacres of Armenians perpetrated by the Ottoman imperial government. According to their ideological sympathies, newspapers noted and criticized statements like those from Nicolas Sarkozy and François … Continue reading
April 30, 2012
ESSAY
Prestigious Law Firm Goes Bust; Lawyers Boxed Out by Changing Industry
The prestigious international law firm Dewey & LeBoeuf is going bust, as 67 of 300 partners have jumped ship since January. The firm’s troubles began after Dewey and LeBoeuf, two separate firms, came together in 2007 and started reporting disappointing … Continue reading
ESSAY
The Sun Is Setting on Eastern Germany’s Solar Industry
Germany’s once proud and profitable solar industry is going down. In recent months disappointing earnings results, factory closings and bankruptcies have followed in quick succession. Thousands of people have lost their jobs, and more will follow. Spiegel reports: The solar … Continue reading
April 29, 2012
ESSAY
Uh Oh: World Food Prices Spike As Soy Harvest Collapses
Among the things we watch here at Via Meadia are trends in world food prices. Middle class Americans grumble when prices go up at the supermarket ($5 bucks for a box of cornflakes? Are these people insane?) but for billions … Continue reading
April 28, 2012
ESSAY
First Public Pension Fund Files For Bankruptcy: Will Yours Be Next?
h/t: Instapundit A $231 million public employee pension fund has filed for Chapter 11 bankruptcy protection. The assets on hand cannot pay the $931 million in claims the fund faces, and the trustees plan to “restructure” their obligations under bankruptcy … Continue reading
