Geopolitics
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Superpowers, strategic interests, ideologies and alliances. The world is in flux, where's it going and who's moving it there.
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How Obama Can Convince Congress to Enact a Larger Stimulus, and Why He MustThe Administration's biggest economic mistake so far was to badly underestimate last January how bad the employment situation would become by Fall. As a result, it low-balled the stimulus -- settling for a plan that, while avoiding even worse job losses, didn't go nearly far enough. Obama has ...
Giorgio Bertini
added
23 hours ago
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Mishel on double-digit unemploymentAfter rising for more than two-and-a-half years, the country’s unemployment rate crossed into double-digit territory in October with a jobless rate of 10.2%. This provides another sign of the severity of the current downturn, the very long road we face back to full employment and the urgent need ...
Giorgio Bertini
added
23 hours ago
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At 10.2%, October’s unemployment is a wake-up callThough the American Recovery and Reinvestment Act (ARRA) now has GDP growing again, this morning’s Bureau of Labor Statistics’ October employment report found that the jobs situation nevertheless continues to worsen. Unemployment rose dramatically to 10.2% in October, the highest rate since ...
Giorgio Bertini
added
23 hours ago
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Let A Hundred Theories Bloom - Joseph Stiglitz et alThe economic and financial crisis has been a telling moment for the economics profession, for it has put many long-standing ideas to the test. If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause ...
Giorgio Bertini
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23 hours ago
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The Great Contraction of 2008-2009A popular view among economic forecasters and market bulls is that “the deeper the recession, the quicker the recovery.” They are right – up to a point: immediately after a normal recession, economies do, indeed, often grow much faster than usual over the ensuing twelve months. Unfortunately, ...
Giorgio Bertini
added
23 hours ago
Comments
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War of words between China and India continuesI am interested in the Chinese perspective on this issue and the reporting by the Chinese media. My exposure is mainly to Indian and American media.Aju Badardeen added 3 weeks ago
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2NYT: Battle disaster review sways war strategy - The New York Times- msnbc.comDare one say that even the US military is now concluding "it takes a [trusting] village" as well "nation building" via civilian engagement and protection. Once again, previous the glib and rancorous objects by "conservatives" and Republicans in this regard are being proven wrong and rejected ...JDP added 5 weeks ago
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2Japan's victorious Democrats start forming government - Yahoo! NewsThink that even the ultra-traditionalist / ultra-conservative Japanese peoples' rejection of their "business friendly" former government might say something others should listen to (no to mention the "results" that business friendly party produced that led to this turn-around!)?JDP added 2 months ago
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2Mexico Decriminalizes Small-Scale Drug PossessionOn the other hand, here in the USA, casual users with even small amounts may get long, mandatory prison sentences. After all, there's jobs and money to be made on that in law enforcement and in prisons (especially when we are "privatizing" some of those). Next, the new Pickerton's will ...JDP added 2 months ago
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Started May. 6, 2008
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