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Harnessing America’s Energy Future

April 6, 2011
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While U.S. companies are among the world’s leader in energy-efficiency technology and in oil and gas services, the United States has yet to put these technological advantages to full use domestically.  Indeed, one of the glaring weaknesses of the U.S.

The Quake, the Economy, and the Markets

March 22, 2011
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-- This is a guest post by Jay Pelosky, Principal, J2Z Advisory, LLC --  Japan’s massive earthquake, follow on tsunami and subsequent nuclear power plant upheaval have reinforced uncertainty regarding the strength of global economic activity and the appropriate financial assets prices to reflect that activity. The Arab Spring and EU debt crisis meant such uncertainty was already in the air in the weeks preceding the March 11th earthquake.

The Main Cause of China’s High Savings: Income Suppression for High Investment

March 21, 2011

As was suggested in an earlier post, China has an unusual low level of consumption and unusual high level of investment and savings.  The high level of savings is not, as is often assumed, attributable only to an increase in household savings, but to a rise in savings in the corporate and government sectors.  From 2000 to 2008, 80% of the increase in China’s gross national savings took place in the government and corporate sectors, not among households.  (The savings rate data for this post is based on the

U.S. Can't Be at the Whim of Rising Oil and Food Prices

  • By
  • Patrick C. Doherty,
  • New America Foundation
March 8, 2011 |

Last Friday, oil contracts traded in New York closed at $104.42 per barrel, levels not seen since September 2008. This second spike in as many weeks comes after fierce fighting in Libya has raised fears of an extended civil war and the shutdown of what the International Energy Agency estimates might be more than 1 million barrels of oil production per day.

Reuters is also reporting that hedge funds and big speculators have weighed into the market, seeing the real possibility of sustained high prices for petroleum.

A ‘Jobs First’ Growth Strategy

  • By
  • Leo Hindery,
  • New America Foundation
March 1, 2011

The opening theme of the 2011 State of the Union address, and the theme that the President has carried forward since then, was his insistence that the nation has at long last emerged from economic crisis.  He said: “Two years after the worst recession most of us have ever known, the stock market has come roaring back.  Corporate profits are up.  The economy is growing again.  And after two years of job losses, we’ve added private-sector jobs for 12 straight months -- more than 1 million in all.”

The Future Is in Davos, and It's Medieval

  • By
  • Parag Khanna,
  • New America Foundation
January 28, 2011 |

There wasn't a single North American accent among them, but the show went on smoothly without anyone so much as noticing. Onstage were Gao Xiqing, president of the China Investment Corporation; Juan Carlos Echeverry, Colombia's Minister of Finance; and other figures from what used to be called "the South."

Don't Hate on Davos

  • By
  • Parag Khanna,
  • New America Foundation
January 28, 2011 |

This year is my 10th trudge up the "Magic Mountain" to attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland. I'm not Dmitry Medvedev, Bill Gates, or Jamie Dimon -- all of whom were visible in the Congress Center corridors today -- but like them, I wouldn't be here if it wasn't worthwhile. The critics who dismiss Davos as a waste of time are often those who were either not invited or not interested in making a contribution to anything beyond their own bottom line.

Ricardo Revisited: Sino-American Trade and Economic Conflict

Tuesday, January 18, 2011 - 12:15pm

**NOTE: We apologize for the quality of the audio in this event video. There were many issues that contributed to the audio quality and we are working to resolve them for future event videos. Thank you for your patience.**

A New Deal: A Plan for Sustainable Afghan Stability

  • By Bijan R. Kian and Wayne Porter
December 6, 2010

America’s strategic interest in Afghanistan and South Asia extends beyond the immediate denial of a safe haven for al-Qaeda.  In a wider context, strategic opportunities converge in Afghanistan that could help to stabilize the region, expand a lucrative market for U.S. investors and exporters, help restore America’s credible influence in the Islamic world, reduce narcotics production, and maintain an environment nonconducive to extremism.

Getting Rebalancing Right

  • By
  • Samuel Sherraden,
  • New America Foundation
November 23, 2010 |

Ben Bernanke's most recent assessment of the world economy was phrased with the requisite diplomatic tact. "Persistent imbalances" in global trade, the U.S. Federal Reserve chairman explained in a speech at the European Central Bank on Nov. 19, "represent a growing financial and economic risk." But Bernanke's target was unmistakable: In what has become a constant refrain from the U.S. government, the Fed chief put the onus on China and other emerging markets for jeopardizing global recovery by not doing enough to reduce their trade surpluses. U.S.

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