Can Washington Borrow and Spend Without Limit?
By Paolo von Schirach — WASHINGTON – Parts of the US are still suffering from the devastating consequences of...
Tag: Public Projects
France And Italy Do Not Want Austerity – But They lack A Credible Growth Strategy Lack of competitiveness, combined with costly welfare, at the root of zero growth
WASHINGTON – France and Italy want less Brussels-imposed austerity, (spending cuts, higher taxes, fewer benefits for retirees), and more...
China’s Leaders Want More Growth – But Innovation Requires Political Freedom Chinese reformesr would like to favor the private sector and get rid of state ownen corporations. But the state sector is also a power base for the elites
By Paolo von Schirach October 9, 2013 WASHINGTON – Imagine this. Imagine that not so long ago the US was an...
Underneath China’s Still Impressive 7.5% Growth There Is A Mountain Of Debt Local governments essentially insolvent. Many large corporation kept alive by easy loans, while small ones issue promissory notes
By Paolo von Schirach August 28, 2013 WASHINGTON – The official news about China is that the number two...
Obamacare Will Not Improve America’s Deeply Flawed Health Care System The new law is mostly about extending health insurance. It does not address the built-in incentives to over prescribe, nor does it create credible "wellness education" programs
By Paolo von Schirach August 25, 2013 WASHINGTON – The real problem with soon to be implemented Obamacare is that, contrary to...
Mexico Will Amend Its Constitution, Allowing Foreign Companies To Invest In Its Energy Sector Great news for Mexico, for the US and for the world. The losers are Russia and the OPEC cartel
By Paolo von Schirach August 13, 2013 WASHINGTON – If I were Vladimir Putin or Ali al-Naimi, Saudi Minister of Petroleum,...
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...
Cost Competitive Solar Power? Coming Soon, But Not Here Yet An FT story talks about a breakthrough that has not quite happened
By Paolo von Schirach August 9, 2013 WASHINGTON – The FT published a big spread on solar power, (A rising...
AARP Magazine Placed A Good Article On Bill Clinton’s Healthy Diet On Page 38 – Why Not The Cover Story? AARP does little to promote healthy habits among its members who are the largest consumers of medical services. Why is that?
By Paolo von Schirach August 8, 2013 WASHINGTON – The 38 million strong AARP (formerly the American Association of...
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...