Cutting The Deficit: A Bipartisan Joke
by Wolf Richter • • 6 Comments
President Obama’s proposal to cut the deficit by x trillion dollars is another punch line in the serial joke that our political machinery has been telling us for too long: that deficits will be “cut” in ten years, while the opposite (the jobs bill, for example) is needed immediately.
The scary graph of our gross national debt will look even scarier.
Tokyo Tidbit: Oldest Nation Sets New Record
by Wolf Richter • • Comments Off on Tokyo Tidbit: Oldest Nation Sets New Record
Bailout Rebellion in Germany Heats Up
by Wolf Richter • • Comments Off on Bailout Rebellion in Germany Heats Up
Tokyo Tidbit: Still Doing That? But Not Only Japan
by Wolf Richter • • Comments Off on Tokyo Tidbit: Still Doing That? But Not Only Japan
Snapshot Of Our Calamity Economy
by Wolf Richter • • Comments Off on Snapshot Of Our Calamity Economy
Dear Ben, Please Make Us Trillionaires
by Wolf Richter • • Comments Off on Dear Ben, Please Make Us Trillionaires
China Puts The Screws To BMW
by Wolf Richter • • Comments Off on China Puts The Screws To BMW
And BMW blinks. With sales of new vehicles approaching 18 million units in 2011, China is the largest car market in the world, far ahead of the US. No major car maker would want to miss out on the opportunities in China. Yet, there is a problem: Pressure by the Chinese Government to transfer the newest technologies.