U.S. Plan Sees Easing of G.M. to Bankruptcy. The government hopes to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces. [NYT > Business]
Tag Archives Global Economy
OECD figures show 'flash flood' stimulus not working. The Federal Opposition says the latest report on the world economy by the OECD shows that the United States is the only country to have spent more than Australia on economic stimulus packages. [ABC News: Breaking Stories]
Whales to Wood, Wood to Coal/Oil- What's Next? Earth's systems revolutions.... Spend the time to watch the video lecture by Daniel Nocera at M.I.T. In 1845, the Dietz Company of New York introduced the sperm oil lantern, which nearly wiped out some whale species. A decade or so later, Dietz began to manufacture lamps using other oils, and gas lighting…
Peter McMahon, writing in the On line Opinion presents an intriguing position that... The radical impact of new information technologies and the rise of the global crises (global warming, peak oil and the like) are forcing a new kind of politics into being. He suggests [as many of us would agree] that twenty-first century society will be defined by the…
MIT and Energy for a rapidly evolving world. “The numbers are overwhelming,” Henry Jacoby tells us in his overview of the final forum panel. The U.S. consumes one-quarter of the world’s energy and emits one-quarter of the world’s carbon dioxide. The combined population of India and China is nine times that of the U.S., so what will happen as they approach our…
Jim Moore's beautiful and warm observations of the passing of a giant of our times.. John Kenneth Galbraith was not only a beloved economist,he was also a local whose towering strides, slowing as he aged, were a common site on Church Street, Brattle Street, and in and around Harvard Square. There was something enormously calming about his presence, and something reassuring about seeing…
Fierce domestic competition and a faster accumulation of financial assets are laying the groundwork for the arc of China's rise to be far greater than Japan's. By KEITH BRADSHER. Link: China Economy Rising at Pace to Rival U.S..