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Archive for the ‘Economy Today’ Category

Economy Sound – Despite Housing Risk

Posted by iBlog on August 23, 2007

The nation’s budget deficit will shrink to $158 billion this fiscal year, the Congressional Budget Office said Thursday, much lower than a March estimate of $177 billion, due mainly to strong economic growth.In its latest review of the budget, the nonpartisan agency forecast the deficit for fiscal 2008, which begins Oct. 1, at $155 billion, up from its March estimate of $113 billion.

Read the full article in CnnMoney.com

Posted in Economy Today | Leave a Comment »

A Season For Cassandras

Posted by iBlog on August 23, 2007

For 16 years, Stephen Roach served as chief economist at Morgan Stanley (MS) and proved to be one of the gloomiest voices on Wall Street. Take for example his July, 2005, critique of incoming Federal Reserve chairman, Ben Bernanke. Roach wrote of “the mounting pitfalls of yet another post-bubble shakeout—this one dominated by the downside of overvalued property markets and the concomitant unwinding of a potentially lethal debt cycle.”

Read the full article in BusinessWeek.com

Posted in Current News, Economy Today, Finance | Leave a Comment »

Economists – No Rate Cut Till September

Posted by iBlog on August 22, 2007

The Federal Reserve will cut its key interest rate, probably by a quarter percentage point, but will wait until next month to do so, a news report citing a survey of economists said Wednesday.USA Today said that a majority of 37 economists surveyed Monday and Tuesday said they expected the central bank will cut its fed funds rate, which affects rates on consumer loans, by a quarter point next month. Some on Wall Street have been clamoring for more aggressive action, calling for a rate cut of a half a point before the Fed’s next meeting on Sept. 18.

Read the full article in Yahoo News

Posted in Current News, Economy Today | Leave a Comment »

Living To Work Or Working To Live?

Posted by iBlog on August 20, 2007

Retiring to a golf community and living the easy life has long been one version of the American Dream.

But how many years can one person play golf for?

Read the full article in Forbes.com

Posted in Current News, Demographics, Economy Today, Finance | Leave a Comment »

Druckers Lessons For China

Posted by iBlog on August 20, 2007

The most dangerous thing being produced in China is neither lead paint-laden toy cars nor magnet-spewing Polly Pocket dolls and Batman action figures. Rather, it is a booming capitalist culture that, far too often, places value over values.

Read the full article in BusinessWeek.com

Posted in Asia Business, China Global, Economy Today, Going Global | Leave a Comment »

The Future of Europe

Posted by iBlog on August 9, 2007

These are bad times for European politics. In the last year or so, Europe’s political prospects have been dramatically shaken. By voting no to the draft European constitution, citizens of France and the Netherlands dealt a serious blow to the European construction. In foreign policy, dealing with recent geopolitical crises, Europe, as usual, has had problems in acting as a political entity.

The political crisis has apparently spread to economic construction: the largest European member countries systematically test the national budget discipline, set forth in the Stability and Growth pact; the EU budget for 2007-2013 has been broadly unsatisfactory due to national selfishness; the Bolkenstein directive (a fundamental step to liberalize free trade in services) has been dramatically watered down, as has the takeover bids directive. Finally, a new and widespread form of protectionism is emerging in banking, energy, and steel, hampering the very foundation of Europe, which is the single market.

Read the full article in Harvard International Review

Posted in Economy Today, Europe, Going Global | Leave a Comment »

Free Trade In The Carribean

Posted by iBlog on August 9, 2007

How should the Caribbean region foster economic development? The question has long been on the minds of Caribbean leaders. Their small island states face significant hindrances to development, including modest populations, limited expanses of viable land, and insufficient capital flow. Even worse, the global shift toward free trade has hit the Caribbean hard, removing market protections of major industries like bananas. Heads of state have turned to integration of the region’s markets to increase investment and improve competitiveness. It is a smart strategy, largely because integration brings increased leverage in trade negotiations. Operating as an economic bloc, the Caribbean nations must compel WTO free-trade negotiators to approve concessions that will not force the Caribbean prematurely into global competition.

Read the full article in Harvard International Review

Posted in Economy Today, Latin America | Leave a Comment »

Problems and Solutions To Economic Growth

Posted by iBlog on August 9, 2007

The alleviation of poverty has become a seemingly sacred goal for the international community. How should policymakers weigh moral considerations such as human rights in their judgments about economic policies that increase wealth in poor countries?

Read the full article in Harvard International Review

Posted in Economy Today | Leave a Comment »

Practical Lessons

Posted by iBlog on August 9, 2007

In this compelling selection of 22 essays, Dr. Courtney Blackman, the founding governor of the Central Bank of Barbados, lays out a clear and concise description of economic issues affecting the Caribbean within a broader political context. The essays are sharply critical and insightful as they analyze economic policies set within the context of small developing Caribbean economies and their unique colonial histories and cultures. The lessons drawn, however, are not limited to the Caribbean region; all have larger global significance of their own.

Interestingly, although he is a trained economist, Blackman approaches his essays from a more holistic and managerial point of view. The book encompasses other disciplines such as sociology and history, rather than focusing on world prices, exchange rate regimes, and more traditional economic fare. Blackman stresses the importance of mitigating the impact of economic policies on people, and in doing so, sometimes appears to be at odds with the more traditional prescriptive approaches to economic policymaking. In taking on economic issues within the Caribbean region, Blackman argues rather forcefully that the underperformance of these economies largely reflects weak economic management. To address these issues, he advances a selection of essays that are heavily prescriptive and laden with a host of suggestive policies and strategies.

Read the full article in Harvard International Review

Posted in Economy Today, Going Global | Leave a Comment »

What Is The New Economics?

Posted by iBlog on August 7, 2007

Yale economist Robert J. Shiller wrote the defining book on the Internet bubble. Now he’s busy rewriting the laws of economics, where emotion and psychology dominate data and numbers. (And in his spare time, he’s busy worrying about his own dotcom.)

Read the full article on FastCompany.com:

http://www.fastcompany.com/magazine/50/shiller.html 

Posted in Business Psychology, Economy Today | Leave a Comment »