EconWatch.com: June 2006 Archives

EconWatch.com > June 29, 2006

Watch Carefully, Grasshopper...

[Brad DeLong's Semi-Daily Journal] Eddie Lazear and his political masters hope that listeners will take Eddie's (correct) statement that countries can run large current-account deficits for a long time, infer (incorrectly) that the large U.S. trade deficit can also be sustained for a long time, and conclude that there is today little reason to fear that the U.S. trade deficit might trigger a macroeconomic catastrophe.

The Battle For Ground Zero, Part 151

[A Blog For All] So does Curbed, who sarcastically notes that they're going to need an entire wing devoted to the revisions to the Freedom Tower design in the planned musuem. Technorati: World Trade Center, WTC, Pataki, LMDC, urban policy, Freedom Tower, IFC, International Freedom Center, spitzer, silverstein...

Posted at 05:53 AM

June 29, 2006

Watch Carefully, Grasshopper...

Posted at 06:40 AM

The Battle For Ground Zero, Part 151

Posted at 05:53 AM

June 27, 2006

Summer in the Philippines

[Harvard JD Admissions] I have contacted some of the 350 or so HLS students who are doing public interest work this summer””for which they get guaranteed funding, by the...

Posted at 05:56 AM

Trading For a Better World

[The Unknown Candidate] a study completed this month by the International Food Policy Research Institute argues that, with two modest changes, the deal on the table in Geneva could bring about greater global economic growth and greater benefits for poor countries. The United States and Europe oppose these changes.

Posted at 05:55 AM

June 25, 2006

Musing About "Hard Landing" Scenarios

[Brad DeLong's Semi-Daily Journal] Brad Setser muses about the sitch: RGE - A hard landing in 2006 -- just not in the US?: Brad Setser | Jun 18, 2006 Nouriel and I postulated back in...

Posted at 05:58 AM

You Don’t Have a Clue, Do You?

[Economist's View] This is Ed Leamer writing at Cato Unbound as part of the series on the future of the American worker in the global economy: It’s Like Hurricanes, by Edward E. Leamer, Conversation, Cato Unbound: Rather than in the abstract, try tackling the following problem.

Posted at 05:55 AM

June 23, 2006

In the Bad Old Summer's Time?

[Economist's View] Summers was skeptical... In recent years, numerous economists have predicted the foreign investors and central banks whose purchases of U.S. stocks and bonds, direct investments in companies and bank loans have financed the current account deficits would become reluctant to continue doing so.

Posted at 06:08 AM

Larry Summers on the International Financial Situation

[Brad DeLong's Semi-Daily Journal] Summers was skeptical about both the smoothness of the adjustment and its timing. In recent years, numerous economists have predicted the foreign investors and central banks whose purchases of U.S. stocks and bonds, direct investments in companies and bank loans have financed the current account deficits would become reluctant to continue doing so.

Posted at 06:05 AM

June 21, 2006

The Battle For Ground Zero, Part 148

[A Blog For All] Although new Midtown buildings now fetch $75 and up, Bloomberg thinks Silverstein should charge $35 a foot - the rate at downtown addresses 25 years older.So, compared to Midtown, a business moving into 7 WTC not only gets a brand new building that has various tax breaks and other incentives, but a rent that is significantly below the price paid in Midtown. And the deals become more attractive as the transit links downtown undergo their renovation and expansion via the Calatrava transit hub at Ground Zero and the MTA's Fulton Street Transit Center over the next few years.

Posted at 05:59 AM

Odious Governments...

[Brad DeLong's Semi-Daily Journal] Tim Burke muses on how the world should treat thieves who hold nations hostage--and on what duties we owe to their hostages: Tim Burke: Rentiers of Sovereignty: I've had to deal with a situation this week that involves some complicated transactions over the title to a used car, on behalf of someone else. The mechanisms of title transfer are a hassle, but I'm also largely glad that we have them.

Posted at 05:56 AM

June 19, 2006

Bad News on the International Finance Numbers

[Brad DeLong's Semi-Daily Journal] analysis / Comment - Discrepancies in US accounts hide black hole: By Daniel Gros: The global financial system seems to have a black hole at its centre. Over the last two decades, US residents have sold a total of about $5,500bn worth of IOUs to foreigners, yet the officially recorded net investment position of the US has deteriorated only by a little more than half of this amount ($2,800bn).

Posted at 05:56 AM

NAFTA super highway to accelerate North American trade

[ NeilMcIntyre.ca] The Bush administration appears to be planning for a Mexico-USA-Canada “super corridor” to bypass a couple unions. The new road will allow containers from the Far East to enter the United States through the Mexican port of Lazaro Cardenas, bypassing the Longshoreman’s Union in the process.

Posted at 05:55 AM

June 17, 2006

Will Wages Continue to Fall in the Future?

[Economist's View] It's true that America's work force is projected to grow more slowly in the next 50 years (about 36%) than it has in the past 50 years (about 127%) as baby boomers retire, Mr. Freeman notes.

Posted at 05:59 AM

The Battle For Ground Zero, Part 147

[A Blog For All] The temporary PATH terminal is going to be relocated to Vesey Street from its current location on Church, so that the permanent PATH terminal designed by Santiago Calatrava can be built. The new temporary PATH terminal entrance will eventually be replaced by Frank Gehry's performing arts center.

Posted at 05:58 AM

June 15, 2006

ITC initiates Apple probe at Creative's behest

[Engadget] In a move that comes as a complete surprise considering the history between their two companies, Creative CEO Sim Wong Hoo has reportedly telephoned Apple CEO Steve Jobs to officially withdraw his firm's pending lawsuits and congratulate Mr. Jobs on the iPod's overwhelming victory in the marketplace.

Posted at 05:56 AM

Credit cards VS Pizza - Rate of Interest VS Rate

[vinodvv aka vcube] Have you checked their bills for same variety and quantity of pizza they offer, the price is different.The same international pizza which is offered has a variation in prize. The Pizza hut is costly in chennai because they are international company and Pizaa corner was able to gel with the Indian society by starting a new company in India as "Pizza corner India Ltd".

Posted at 05:55 AM

June 13, 2006

"I'd Gladly Pay You Tuesday for a Hamburger Today"

[Economist's View] This post and the one below it look at U.S. indebtedness today and in the past, and how attitudes towards debt have changed over time: Reasons to Worry, by Niall Ferguson, NY Times Magazine: .question for economists is whether the United States is capable of evolving out of its present excessive indebtedness.

Posted at 05:55 AM

The Battle for Ground Zero, Part 145

[A Blog For All] Such blasting would reduce the time to complete this portion of the excavation to two months. The alternative would be thousands of hours of men using jackhammers and heavy machinery.

Posted at 05:53 AM

June 11, 2006

The 'Creative Economy' and the Future of the American Worker Continued...

[Economist's View] Education and Inequality in the Creative Age, by Frank Levy, Cato Unbound: Richard Florida writing about the Creative Class is a lot sexier than your average economist writing about Skill Biased Technical Change. Sex aside, these two ideas speak to the same important development.

Posted at 06:03 AM

The Battle for Ground Zero, Part 144

[A Blog For All] Funding came, in part, from the law firm of Holland and Knight, who lost partner Glenn Winuk, a 20-year volunteer firefighter, in the attacks. Martin Rambusch, whose Jersey City, N.J., studio was hired for the job, said artists first considered a photographic display, but opted for a more permanent tribute that includes 46 three-dimensional figures to represent the firefighters and the rescue effort.

Posted at 06:02 AM

June 09, 2006

U.S. Allowing Illegal Mahogany Imports, Lawsuit Says

[Treehugger] First timer?Welcome to TreeHugger.com, the largest, most frequented green lifestyle site on the net! Please browse our categories (green architecture, fashion, electronics, alternative energy, transportation etc”¦), visit our homepage, do a search of our 3,500+ posts or sign up for a newsletter.

Posted at 06:01 AM

IBM Outsources...

[Brad DeLong's Semi-Daily Journal] Another blue chip changes color - Managing Globalization - Blogs - International Herald Tribune: Daniel Altman, the IHT's global economics correspondent, offers a look at the day's economic news with an eye to how individuals, companies and governments are coping with the challenges of globalization.

Posted at 05:55 AM

June 07, 2006

Taking Sides on Trade

[Economist's View] Not too long ago, perhaps feeling a bit lonely after the latest post in support of free trade, I thought of posting a question: Who besides economists and multinational corporations supports free trade? Outside of those two groups, does anyone else support relatively open borders?

Posted at 05:55 AM

The U.S. Current Account Deficit Once Again

[Brad DeLong's Semi-Daily Journal] Afternoon Tea Audio Podcasts: The U.S. Current Account Deficit Once Again: June 6, 2006...

Posted at 05:53 AM

June 05, 2006

evaluating monetary policy

[purple motes] And its production quality is probably better than what Hollywood was doing twenty-five years ago. Web junk is quality entertainment.

Posted at 05:55 AM

Feldstein: Let the Dollar Fall

[Economist's View] Martin Feldstein continues his warnings on global imbalances as he outlines the changes needed to reduce the current account deficit, a higher saving rate and a fall in the dollar, changes he says market pressures are already bringing about. To avoid a global slowdown or a protectionist backlash as these changes occur, other countries must avoid the temptation to prevent the fall in the dollar through exchange rate interventions and focus instead on increasing domestic consumption to replace falling exports to the U.S.:

Posted at 05:53 AM

June 03, 2006

Global Utopian Scoundrels?

[Economist's View] Save globalisation from radical global utopians, by Barry Lynn, Commentary, Financial Times: Now may hardly seem the time to imagine a more global future, let alone do so with optimism. Most of us are hard pressed just to maintain the illusion that the present system is not breaking down, to deny .

Posted at 05:54 AM

Globalization: How the New Shift of Power Is Affecting Inflation

[YaleGlobal Online Magazine] Because of globalization, manufacturers must pay increasing prices paid for raw goods like oil or minerals, and consumers discover dropping prices for products on store shelves. This analysis of the International Monetary Fund’s “World Economic Outlook” suggests that ten years ago, developed countries provided the impetus for trade, but the emerging economies of India, China and Eastern Europe now extend substantial influence as well.

Posted at 05:53 AM

EconWatch.com > June 29, 2006

Watch Carefully, Grasshopper...

The Battle For Ground Zero, Part 151

June 29, 2006

Watch Carefully, Grasshopper...

The Battle For Ground Zero, Part 151

June 27, 2006

Summer in the Philippines

Trading For a Better World

June 25, 2006

Musing About "Hard Landing" Scenarios

You Don’t Have a Clue, Do You?

June 23, 2006

In the Bad Old Summer's Time?

Larry Summers on the International Financial Situation

June 21, 2006

The Battle For Ground Zero, Part 148

Odious Governments...

June 19, 2006

Bad News on the International Finance Numbers

NAFTA super highway to accelerate North American trade

June 17, 2006

Will Wages Continue to Fall in the Future?

The Battle For Ground Zero, Part 147

June 15, 2006

ITC initiates Apple probe at Creative's behest

Credit cards VS Pizza - Rate of Interest VS Rate

June 13, 2006

"I'd Gladly Pay You Tuesday for a Hamburger Today"

The Battle for Ground Zero, Part 145

June 11, 2006

The 'Creative Economy' and the Future of the American Worker Continued...

The Battle for Ground Zero, Part 144

June 09, 2006

U.S. Allowing Illegal Mahogany Imports, Lawsuit Says

IBM Outsources...

June 07, 2006

Taking Sides on Trade

The U.S. Current Account Deficit Once Again

June 05, 2006

evaluating monetary policy

Feldstein: Let the Dollar Fall

June 03, 2006

Global Utopian Scoundrels?

Globalization: How the New Shift of Power Is Affecting Inflation

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