July 2013 – Schirach Report

The Bad “Lesson” of The EU Debt Crisis Is That There Will Always Be A Bailout Other underperforming European economies know that there is a safety net. But this creates no incentive to really improve the fundamentals

By Paolo von Schirach July 31, 2013 WASHINGTON – The situation in Europe turned from really dramatic into just...

Global Warming Is Real – Still, Do Not Force The Adoption Of Imperfect Renewable Energy, Put More Money into R&D Bjorn Lomborg argues that green energy will replace carbon based sources only when it will be economically viable

WASHINGTON – If we knew for sure that man-made global warming were accelerating at a dramatic pace, threatening an imminent...

Is Methane Hydrate The New Energy Frontier? Huge deposits of frozen methane in permafrost and ocean floors. Will it be possible to recover it?

By Paolo von Schirach July 29, 2013 WASHINGTON – Until a few years ago, outside of a very small circle of US...

Walking Around The Beautiful Wesley Heights Neighborhood In Washington, DC; But The Streets Are Totally Deserted – Why Is That? No walking around means no opportunity for new encounters and new relationships. High achievers do not mingle. What a pity

By Paolo von Schirach July 28, 2013 WASHINGTON – I live in a lovely, green neighborhood in North West...

Green Shoots In Europe? Not Until It Will Create Innovative Economies Southern Europe lacks a business friendly political culture, itself the precursor for a pro-innovation eco-system

By Paolo von Schirach July 27, 2013 WASHINGTON – The international business and financial media are desperately trying to...

In America Racial Prejudice Is Real. But It Is Largely Based On The Hard Facts of Black Criminality Whites fear Blacks, very often for no reason. Yet, they base their racial prejudice on what they know about Blacks and crime

By Paolo von Schirach July 26, 2013 WASHINGTON – America’ self-appointed “civil rights leaders” point out that young Trayvon Martin was...

Politicians Who Sinned Can Come Back, Provided Humiliating Public Contrition And Pleas For Forgiveness Does private conduct matter a lot in determining fitness for public office? Why do voters believe those who apologize?

By Paolo von Schirach July 25, 2013 WASHINGTON – America lost whatever yardstick it had for evaluating the character of people seeking...

Financial Analyst Meredith Whitney Points Out That After The Detroit Bankruptcy Pensions Are Fair Game At the root of municipal fiscal crises we find over generous pensions offered to public employees. Expect cuts in order to rebalance local finances

By Paolo von Schirach July 24, 2013 WASHINGTON – Meredith Whitney saw it coming. Back in 2010 she warned about...

China’s Government Keeps Afloat Money Losing Corporations With Easy Credit Much of China's economy is now inefficient. Fake statistics and "political " loans hide the truth

By Paolo von Schirach July 23, 2013 WASHINGTON – Imagine for a moment that penniless Detroit had not been forced...

Detroit’s Bankruptcy Is About Unaffordable Pension Obligations The city tried to raise extra revenue with higher taxes, this way encouraging more tax payers to leave. The combination of pension costs and bonds obligations proved to be unsustainable. Detroit is not "too big to fail"

By Paolo von Schirach July 22, 2013 WASHINGTON – The convenient narrative about the Detroit bankruptcy is that the...