Enterprise – Page 2 – Schirach Report

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...

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...

America Is Beginning to Use Domestic, Cheap Natural Gas As Transportation Fuel Idea pushed by the Pickens Plan. Shift will amount to cutting oil imports, while using a cheaper and cleaner domestic fuel

By Paolo von Schirach July 17, 2013 WASHINGTON – The only real bright spot in the otherwise uninspiring scenario of the...

With A Slowing Economy, China Is On Its Way To Becoming A “Normal” Country Construction boom and export-led manufacturing not as strong as before. Huge amounts of bad loans. Environmental disaster

By Paolo von Schirach July 15, 2013 WASHINGTON – If you listen to Beijing Government officials, everything in China’s economy is...

Martin Feldstein’s Recipe For Southern Europe: Stimulus Now But Combined With Credible Public Spending Cuts Sensible idea. However, the problem is that "Club Med" is too tired and too weak. Limping along is the best it can do

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2013/07/08/europe-will-continue-bailing-out-its-weak-southern-members/ July 9, 2013 WASHINGTON – In a recent piece (see link above)...

Europe Will Continue Bailing Out Its Weak Southern Members This endless financial aid program is not sustainable. What will Germany do after its political elections?

By Paolo von Schirach July 8, 2013 WASHINGTON – Back in 2009, at the very beginning of the Eurozone...

Obama’s Speeches Not In Sync With America’s Deep Concerns Nuclear disarmament, gloabal warming are imporatnt issues but not on top of any list. Obama's grandiose pronouncements fall flat. President out of touch?

By Paolo von Schirach June 26, 2013 WASHINGTON – I notice a huge disconnect between the big concerns of the...

New US Employment Is Often Under Employment In Low Paying Sectors Unmpleasant reality of anemic US growth simply ignored. Easier to focus on the Dow above 15,000

By Paolo von Schirach June 15, 2013 WASHINGTON – Sometimes the real “news” is not news at all. Surprisingly,...

Weak Southern Europe Keeps Blaming Berlin They made their own problems with fiscal irresponsibility

WASHINGTON – I wonder whether the elected leaders of perennially weak and now impoverished Southern Europe really grasp what is going...