Adult Merchant Online (1); Asia Times Online (6); Atlantic Online (1); Barron s online (4); essentially Online resource (1); Independent Online Edition (2); JS Online (1); mail Online (1); online payment process (1); online publishers (1); online Versions (1); Spiegel Online (9); time online (8).
Mon 2010-05-24 10:57 EDT
The Washington Consensus, the synchronized ideology of US-based establishment economists, has for a quarter of a century wrought havoc in the developing world, leaving in its wake "failed states" vulnerable to economic, if not military, takeover. Yet the great failure of our age is not the concept of the sovereign state, but market fundamentalism itself...[10 part series]
Mon 2010-04-26 14:57 EDT
The trend towards offshoring production from Germany to other countries is slowly being reversed, with medium-sized businesses leading the way. In fact, Germany is itself becoming an attractive location for foreign investment...Many thousands of German companies joined the march to Eastern Europe and China during the past 15 years, hoping to reduce production costs there. But recently many have been returning, disillusioned. Smaller companies in particular are finding they overestimated the apparent advantages of low labor costs or more advantageous tax laws. So far, it has not been the largest and most well known companies that have begun reconsidering Germany as a production location. And the return home usually involves considerably less ballyhoo than the earlier offshoring of production. Nevertheless, the trend is significant because medium-sized companies are both the heart and the driving force behind the German economy...
burned; Druckversion; Germany; homecoming; International; Lost Jobs; Mid-Sized Firms Return Production; news; offshore; Spiegel Online.
Mon 2010-04-26 14:55 EDT
Citing fast-climbing labor costs and pesky production quality problems, a growing number of German companies are doing an about face and pulling their manufacturing operations out of China. Some are searching for countries with lower wages while others are returning production to Germany...
German Firms Leaving China; International; news; Outsourcing Fails; Spiegel Online.
naked capitalism Fri 2010-03-19 16:42 EDT
From the December 2009 issue of The Baffler (no online version of this article available). For those not familiar with The Baffler, this is the revival of a magazine of business and culture edited by Thomas Frank that had previously been published from 1988 to 2007. This issue was called ``Margin Call'' and included articles by Matt Taibbi, Naomi Klein, Michael Lind. I believe readers will find this piece to be relevant. Enjoy! Since inequalities of privilege are greater than could possibly be defended rationally, the intelligence of privileged groups is usually applied to the task of inventing specious proofs for the theory that universal values spring from, and that general interests are served by, the special privileges which they hold. Reinhold Niebuhr, Moral Man and Immoral Society
Fri 2010-02-26 16:47 EST
The world's most powerful investors have been advised to buy farmland, stock up on gold and prepare for a ``dirty war'' by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
Asia Times Online Fri 2010-02-05 10:49 EST
Nobel Laureate economist Joseph Stiglitz rightly condemns the "ersatz capitalism" of the United States, yet the government there is fixated on resurrecting the morally depraved system that led to the present crisis. Reformists forget that predatory lenders in the US in theory forfeit any right of collection. Start to fix that, and a new economic order could emerge. - Henry CK Liu
Asia Times Online; core; Crisis; morale; Stiglitz pinpoints.
Wed 2009-12-16 12:39 EST
The architect of America's banking bailout has revealed for the first time the chaos behind the scenes at the US Treasury during the creation of the controversial $700 billion (>>425 billion) Troubled Asset Relief Program (Tarp).
Asia Times Online Thu 2009-09-17 09:23 EDT
The US Federal Reserve faces an intractable unemployment problem. Households, their wealth savaged by the financial crisis and their job security threatened, are now paying off debts and cutting back on purchases. Until consumer spending picks up, no recovery can come.
Asia Times Online Sun 2009-09-13 10:25 EDT
The inflation that might be expected in the United States from unprecedented expansionary monetary policies has failed to appear, while huge budget deficits have yet to produce higher interest rates. Far from being signs of a new economic paradigm, this merely means new bubbles are forming...Commodities and gold therefore are the destination of this year's hot money and are forming the new bubble...a fair-sized bubble has developed in the T-bond market...however...a modest resurgence in US inflation or difficulty in a long dated T-bond auction could cause confidence to flee the Treasury bond market and yields to leap uncontrollably upwards...the long-term costs of excessively cheap money are beginning to be seen in the US economy itself. By allowing money to remain so cheap for so long, and by running incessant payments deficits, the United States has surrendered the advantage of its superior long-established capital base, narrowing its capital cost advantage over emerging markets and exporting that capital to countries with less profligate approaches. Huge budget deficits, themselves worsening the trade deficit, merely export yet more US capital to the surplus nations. That makes it inevitable that the years ahead, in which the United States will no longer enjoy a capital advantage over its lower-wage competitors, will see highly unpleasant declines in US living standards.
Tue 2009-06-16 00:00 EDT
Shareholders Be Damned! by Alan Abelson; ``How the Washington gang brought Ken Lewis to heel and forced Bank of America to go through with its acquisition of loss-ridden Merrill Lynch. If everything's coming up roses, why are corporate insiders selling?''
Tue 2009-04-21 00:00 EDT
``the finance industry has effectively captured our government''
Wed 2009-04-01 00:00 EDT
Fri 2009-01-16 00:00 EST
China's inflation-free route from crisis, by Henry C. K. Liu; ``China produces from plants financed by foreign investment that operate with low domestic wages for foreign markets that pay with dollars that cannot be used in the domestic economy...China must finance plants with sovereign credit to produce for the domestic market where consumer purchasing power will come from high wages, with sovereign credit repaid from increased tax revenue from a vibrant domestic economy.''
Asia Times Online; China Business News; China News; Hong Kong; TAIWAN.
Sun 2008-11-23 00:00 EST
Microsoft Chief Counsel for Intellectual Property Strategy ``The Change We Need''; gatekeeper Google reaping economic rewards
Wed 2008-07-09 00:00 EDT
SPIEGEL ONLINE - Druckversion - West Wing: The Shrinking Influence of the US Federal Reserve, by Gabor Steingart; dollar losing reserve status
Druckversion; Federal Reserve; International; Shrinking Influence; Spiegel Online; West Wing.
Wed 2008-06-04 00:00 EDT
Wed 2008-04-16 00:00 EDT
The rise of the new energy world order, by Michael T. Klare; "the price of oil will dominate our lives and power will reside in the hands of those who control its global distribution"
Tue 2008-04-01 00:00 EDT
SPIEGEL ONLINE - Druckversion - US Financial Crisis: Why the Paulson Plan is DOA, by BusinessWeek chief economist Mike Mandel - International; "Paulson's plan only works in a fictional world where investment banks properly regulate themselves"
DOA; Druckversion; Financial Crisis; International; Paulson plans; Spiegel Online.
Wed 2007-12-19 00:00 EST
- Matt Taibbi on How the U.S. Is Like Ike Turner - The Essential Online Resource for Los Angeles; "you don't see...the money process that goes on behind the scenes"; "The people in our government are so corrupt and so interested in doing favors that they cant even respond to an emergency anymore, like Katrina or like Iraq." [or credit implosion]
Sun 2007-11-25 00:00 EST
CDO Dumping Ground Still Sinking, by Jonathan R. Laing, Barron's Online; ACA Capital facing downgrade, destruction, forcing banks to recognize billions of CDO losses
Thu 2007-11-15 00:00 EST
Mortgage Woes Damage a GE Bond Fund, by Andrew Bary (); "breaking the buck"
Mon 2007-07-16 00:00 EDT
Ship of fools: Johann Hari sets sail with America's swashbuckling neocons - Independent Online Edition > Americas; National Review annual cruise
America; America's swashbuckling neocons; Fool; Independent Online Edition; Johann Hari sets sail; ships.
