The Moral Case For Capitalism Nobody talks about the benefits of self-reliance WASHINGTON – Would Hillary Clinton make a moral case for American capitalism? I am not so sure. First of...
There Is No European Identity The British and many others have ambivalent feelings about EU membership WASHINGTON – For the outside world, the current political debate within Great Britain about staying in the European Union,...
Angry Americans Love Donald Trump Enough of them to get him the nomination and then allowing him to win the White House? WASHINGTON – How do you explain the “Trump Phenomenon”? It is easier than you think. Traditional democratic capitalism is...
Too Many Bad Loans In India Well connected tycoons get all the credit they want WASHINGTON – India recently decided to change its methodology for calculating GDP and the rate of growth. And, presto,...
No Deal To Cut Oil Production – Still, Russia And Saudi Arabia Are Talking Can the two major oil producers come to an agreement at a later date? WASHINGTON – Saudi Arabia and Russia are the leading world oil producers and exporters. Energy Ministers from both countries...
In 1992 Ross Perot Was The Billionaire Ready To Fix Everything In No Time – Just Like Trump Ross Perot program consissted in bringing in the best people and giving them instructions to devise the best solutions WASHINGTON – This is an excerpt from a funny imaginary vignette (Notebook, by Robert Shrimsley, Republicans seek reasons to...
Maersk Warning About Global Slow Down – Recession In the US? Trade flows have been reduced. The worst since 2008 WASHINGTON – Maersk, (based in Denmark) is the largest shipping conglomerate in the world. Their business is to transport...
US GDP Down – Where Is The Consumer? Millions of Americans earn too little. There is only so much they caan buy on credit WASHINGTON – Was the low US 0.7 % GDP growth figure for the last quarter of 2015 just a...
US Economy and Public Finances Deteriorating – Candidates Talk About Something Else The economic foundations are fragile, while the deficit will start growing again. No plan to change any of this WASHINGTON – While we wait with trepidation for the outcome of the Iowa caucuses that will finally begin to...
Major Economic Reforms In Saudi Arabia? Prince Mohammed would like to see quick modernization. It will not happen WASHINGTON – What is going in Saudi Arabia? Probably too much. We have now an odd stew of engineered...