Economy – Page 49 – Schirach Report

Deeply Divided Egypt Cannot Be Fixed The recent bloodshed underscores the split between secularists and the Muslim Brotherhood. Only bad options for the military rulers

By Paolo von Schirach August 15, 2013 WASHINGTON – Did the Egyptian military totally misunderstand the actual political balance of...

Eurozone Grows By 0.3%, The Business Media Call This A True Recovery. Are They Kidding Themselves? Northern Europe is doing alright. But The South and the East belong to a different Continent

By Paolo von Schirach August 14, 2013 WASHINGTON – Great economic news from Europe? Hardly. But the almost enthusiastic headlines...

Can China Fix Its Environmental Disaster? Enormous sums will be spent; yet it may be too late. Lower economic growth will have political consequences

By Paolo von Schirach August 11, 2013 WASHINGTON – China is indeed “The World’s Worst Polluter“, as The Economist newsmagazine...

The State Is Not A Competent Entrepreneur – Huge Distinction Between Awarding Grants And Running Companies A recent review of the book "The Entrepreneurial State" may engender confusion between the two, quite separate, activities

By Paolo von Schirach August 5, 2013 WASHINGTON – “The state is the real engine of innovation“. Under this...

Mediocre July Jobs Report Points To Lower Standards Of Living In The US Most of the new 162,000 jobs are low paying positions in retail. Too many part time jobs. The end of American upward mobility?

By Paolo von Schirach August 3, 2013 WASHINGTON – The latest US jobs figures are alarming. Sure, we added...

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...

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...

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...

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