Yes, There Are Young American Innovators Elizabeth Holmes, only 30, is the youngest female self-made billionaire WASHINGTON – While the marvelous “American Innovation Machine” is not moving ahead as fast as it used to, luckily for...
In Our Economic “New Normal” Chronic Under Performance Is OK Both In America and in Europe societies are getting the message that slow growth is the best we can get WASHINGTON – The most distressing outcome of the deep global recession of 2008-2009, and subsequent anemic recovery, is that...
The Fourth Of July Is A Reminder To Appreciate The Gift Of Freedom The Founders believed that in freedom people would have the ability to pursue knowledge. And knowledge would create prosperity. They were mostly right WASHINGTON– Today is the Fourth of July, the anniversary of the Declaration of Independence of 1776 –and America’s most...
What Happened To American Innovation? No More Startups Two economists, Edward Prescott and Lee Ohanian, argue in a WSJ op-ed piece that America's innovation engine stalled WASHINGTON – A sudden economic crisis, like the unprecedented financial meltdown of 2008, gets everybody’s attention. But a slow...
What Is The Use Of Indicting Chinese Hackers? The "hacking wars" should be handled by experts who operate in the shadows. A very public indictment against people who cannot be brought to trial does not improve the security of vulnerbale US corporation WASHINGTON – I do not quite understand why the US Department of Justice in a very public way announced...
Former Treasury Secretary Tim Geithner Admits That America’s Economy Is Sputtering. Too Much Poverty, No Income Growth Geithner and his colleagues prevented America's financial collapse. Now we need to reinvent the formula for innovation and growth WASHINGTON – Former Treasury Secretary Timothy Geithner just published “Stress Test” his memoirs of the incredible and challenging post-2008 recession years.
After His Stunning Victory Will Narendra Modi Be Able to Deliver The Reforms He Promised? India is a real mess. Even with the best of intentions and a solid parliamentary majority, it may take decades to change direction WASHINGTON – Narendra Modi, the leader of India’s Bharatiya Janata Party, won the elections, with an overwhelming majority. The political message...
Large Scale Immigration From Poor Countries Is An Economic Weight For Europe Unskilled immigrants cannot contribute to enterprise and economic growth. At best they compete for low skills jobs WASHINGTON – The headlines about illegal immigration into the European Union these days are mostly about the ordeals and...
Stale Economic Policy Debates In Europe Indicate Inability To Reverse Historic Decline Unions want jobs without any consideration about sectors and competitiveness. Employers speak with a tired voice WASHINGTON – A debate on French TV (France 24) featuring Pieter Timmermans, head of the Federation of Enterprises in Belgium,...
America’s Economy: Stagnation and Inequality, A Bad Mix There is no significant innovation while income disparities are reaching Latin American levels. Politicians have no new ideas WASHINGTON – Capitalism is still by far the best economic system we know. But it is not as good...