Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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January 10, 2005
United States
Apparently, like budget deficits, trade deficits do not matter anymore
Kevin Drum brought the latest National Review "trade deficits do not matter" article to my attention today. I learned a few things, namely that Steven Roach is part of a media misinformation campaig…
August 23, 2005
Financial Markets
How to turn $120 million into $4,180 million in less than ten years
PetroKazakhstan is not quite Unocal. But it is nothing to sneer at either. To no one's surprise, CNOOC's failed bid for Unocal did not end Chinese oil firms' interest in foreign acquisitions . In…
August 11, 2006
United States
Despite what Lex says, the euro/ dollar does matter
Dean Baker’s critique of Monday’s Lex column on the dollar was on the mark. Lex made rather selective use of the facts to argue that dollar depreciation (and renminbi appreciation) has little impact…
October 4, 2006
Budget, Debt, and Deficits
Why is 2045 more important than 2007?
Like Dean Baker, I am growing tired of reading editorials complaining about a failure to take “Social Security’s long-term problem” seriously.True, projections show a deficit of something like 1.5% o…
January 16, 2007
Budget, Debt, and Deficits
The Washington Post really doesn’t like Social Security …
Best I can tell, Social Security is in the best financial shape of any federal program. It is in far better future shape than Medicare. And it is in way better shape than the portion of the govern…