Topic: Peter G. Peterson Institute for International Economics
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Europe's debt crisis: 5 ways it's been put to good use
Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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The eurozone crisis explained in 5 simple graphs
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European debt crisis: Seven basics you need to know
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Eight ways $100 oil may affect you
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Sanction Qaddafi? How 5 nations have reacted to sanctions.
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What would a Korean war cost? Gauging the economic turmoil.
If a real shooting war came to the Koreas, the economic disruption would be global, though Asian nations likely would pay a higher price than the US. Some economists fear significant long-term changes to international trade.
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Cover Story Chinese Communist Party: Would Mao recognize the paradox?
Chinese Communist Party: As the National People's Congress begins March 5 with a new generation of leaders, the party remains the backbone of power, but it is little-respected by the people, and its paradoxical capitalism would confound Mao.
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Jack Lew expected to lead Treasury (+video)
Jack Lew, President Obama's likely pick for Treasury secretary, will face tricky economic topics in his new role. If confirmed, Lew will be an important player in the president's plans for deficit reduction.
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Could China overtake US as global trader?
A special report by the Associated Press examines China's influence with its trading partners over three decades, and how business, politics, and daily life are changing with China's rise as a global player.
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North Korea farm reforms: First step to a market economy?
North Korea's new leader Kim Jong-Un will allow farmers to keep – and sell – surplus crops, reports the Associated Press. The plan mirrors elements of China's farm reforms in the late 1970s and early 1980s.
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G8 summit: Euro crisis and possible 'Grexit' overshadow agenda
The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
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Are some global companies too reliant on China?
Consumer companies like Apple, BMW, and Starbucks saw profits rise last quarter because of surging sales in China, while industrial companies like Caterpillar and ABB struggled. Slowing Chinese growth could threaten the latter, but not the former as much.
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Obama proposes bringing jobs home from overseas. Would his plan work?
To achieve his goal of 'insourcing,' Obama proposes rewarding firms that create jobs in the US while imposing higher effective taxes on profits earned by overseas operations.
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Europe's debt crisis: 5 ways it's been put to good use
Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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How WTO membership made China the workshop of the world
China's entry into the World Trade Organization (WTO) a decade ago primed it for high-speed growth. Other countries have seen benefits as well – but say China has also become adept at getting around the rules.
12/14/2011 03:48 pm -
The eurozone crisis explained in 5 simple graphs
Governments have collapsed. Bailouts have run into the hundreds of billions of euros. Greece is drowning in debt, Italy ousted longtime leader Silvio Berlusconi in a bid to claw its way out, and Spaniards rejected the ruling Socialists, hoping that political change might spare them the woes of their neighbors. Still, the two-year debt crisis builds. How did the eurozone get here? The graphics below paint part of the picture: untaxed shadow economies, low productivity, and deficit spending. While deficits have been curtailed significantly since 2009 due to austerity measures, some see deeper systemic problems. Take Greece. "For 10 years, investors basically believed that Greece was Germany," says Jacob Kirkegaard, of the Peterson Institute for International Economics in Washington. But, he says, Greece is "fundamentally a corrupt, dysfunctional government that is unable to raise enough tax revenue to pay for all of its expenses." Then there's Spain. The size of its debt relative to its economy is a manageable 67 percent, but sluggish growth undermines investors' faith that it can repay loans. Those who lost money in Greece are in no hurry to lose more in Spain.
12/02/2011 04:28 pm -
Tax the rich: Should millionaires really pay more?
The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
10/15/2011 02:18 pm -
European debt crisis: Seven basics you need to know
Will this crisis ever be over?! The nations of the eurozone seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort that puts a squeeze on the economy in Europe and beyond. Here's a backgrounder on the problem, its consequences, and possible ways forward.
09/29/2011 07:37 pm -
What will Obama say about jobs? The pre-speech maneuvering begins.
In the run-up to his much-anticipated jobs speech Thursday, Obama challenged the GOP to put 'country before party.' The Republican response: 'Your economic proposals don't work.'
09/06/2011 07:47 pm -
Next for Greece: buying enough time to pay off debts
Greece's parliament approved an austerity package today. But if there's no agreement on restructuring debt payments, tensions are likely to rise anew in the fall.
06/29/2011 04:41 pm -
Why Greece will likely pass austerity measures, despite protests
Greece is reluctant to pass wildly unpopular austerity measures that have brought thousands of angry protesters to the streets, but it has little choice.
06/28/2011 05:00 pm -
Why Estonia may be Europe's model country
The world's first cyberstate embraced austerity without whining even though its Soviet-era memories are still fresh.
05/18/2011 05:20 pm -
Eight ways $100 oil may affect you
In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
03/21/2011 06:16 pm -
Sanction Qaddafi? How 5 nations have reacted to sanctions.
Libyan leader Muammar Qaddafi is earning widespread condemnation for his brutal tactics against a populist uprising. As the international community wrestles with how best to show their disapproval, one suggested option is imposing sanctions – a step French President Nicolas Sarkozy urged the European Union to take. But their effectiveness is hotly contested. Here’s a look at how useful sanctions have been in changing the behavior of other nations.
02/24/2011 06:13 pm -
David R. Francis This jobless recovery could be the worst yet
Shifting attitudes towards employees may make this recovery the weakest in 30 years for job creation.
10/06/2010 04:26 pm -
American jobs vs. China's currency: Is the yuan too high?
The value of China's currency, the yuan, is one of the most hotly contested issues in US-China relations. The US says a high yuan is costing American jobs. But it also keeps consumer items, like TVs and computers, inexpensive. Will China soon adjust the value of its currency?
04/13/2010 01:00 pm -
The New Economy Euro zone includes IMF in backup bailout for Greece debt
In Brussels, the 16 eurozone nations agree to include the IMF in a backup bailout for Greece debt.
03/25/2010 08:33 pm -
G20 as world's top economic body? Doubts abound.
An expansive governing role for the G20, discussed Thursday by Britain's Gordon Brown, isn't passing the sniff test for many economists.
09/24/2009 01:00 am -
ECONOMIC SCENE: China's investments pose a new global challenge
Within the next decade, China will become the world’s largest equities market.
09/24/2009 01:00 am -
Farmers take to streets as Doha trade talks start in India
More than 10,000 protested the potential lowering of barriers to agricultural trade that would put them in competition with mechanized foreign operations.
09/03/2009 01:00 am
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