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Is Trade the Problem?

NY Times - Americans are angry about trade, and a lot of politicians — especially the two Democratic presidential candidates — are eager to capitalize on it. The country would be far better served by a serious, dare we say fact-based, discussion of what is causing the dislocations in American workers’ lives, how much trade is to blame and what government can do to help.

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The problem with Hillary

Financial Times - Many bloggers, noting the heavy representation of Clinton administration veterans among Mr Obama’s nominees, complain that he has abandoned his message of change. This is foolish. The problem is that Bill and Hillary Clinton are strong, too. The power they accumulated during Mr Clinton’s presidency has not dissipated and [...]

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German Metalworkers Threaten Strikes

Spiegel - It is an explosive combination: A sharp economic downturn mixed with trade union demands for an 8 percent pay raise — the largest in 16 years. Tensions are running high and strikes are on the horizon in Germany.

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The U.S. Economic Crisis: Three Growth Scenarios

BusinessWeek - The financial crisis is a symptom, not a cause. At root, this is a crisis of the entire global economy as it has developed over the past 10 years. The U.S. must solve its trade deficit and invest its credit wisely.

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