Can Washington Borrow and Spend Without Limit? By Paolo von Schirach — WASHINGTON – Parts of the US are still suffering from the devastating consequences of...
Oprah For President? Americans look at outsiders simply because the pros are inept WASHINGTON – Oprah for President? Yes, after her recent Hollywood speech this is now a distinctly possible scenario for...
Tax Cuts Will Increase The U.S. National Debt To Unsustainable Levels Lowering taxes without significant spending reductions will cause deficit increases which will lead to a much bigger national debt WASHINGTON – It is really hard to properly assess the Republican tax reform proposal now discussed in Congress. Many...
No Serious Discussion About Entitlement Reform In The U.S. Posturing and grand standing hide the simple fact that no one in Washington wants to touch federal entitlements WASHINGTON – Much has been said about the first Trump budget recently released. The expected partisan critiques –in fact...
Sinking Japan Keeps Adding To The National Debt Japan has no trouble selling 30 year bonds at a nominal interest rate WASHINGTON – As we Americans watch with growing concern our crazy presidential elections politics, other crazy things are happening...
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...
Japanese Women Still Excluded From Management Positions A state funded scheme that would pay small firms that promote women had just one application WASHINGTON – One of the key promises of “Abenomics”, the far-reaching economic reforms package put forth by Prime Minister...
Africa’s Debt Is Back – Bigger Than Ever Commodity prices collapsed, currencies lost value. Hard to make interest payments WASHINGTON – There was a time, about ten years ago, in which world-famous rock stars like Bono of U2...
Will The New Bailout Save Greece? Probably Not The resentful Greeks will have to live under an austerity regime for a very long time WASHINGTON – After dire warnings about Greece falling into the abyss of bankruptcy and national ruin, guess what…the EU got...
Greek Crisis Aside, Most Of Europe Is In Decline Italy and Spain are doing poorly, yet analysts talk about theiur comeback WASHINGTON – With all the excitement surrounding the Greek debt farce, (yes, it is mostly a farce), most observers are...