[P2P-F] Fw: Project Syndicate September 2012 Newsletter

Mon Sep 17 15:06:40 CEST 2012

   A World of Ideas..................Repeated Ad Nauseaum.......................................! RS/

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From: Project Syndicate <dhessel at project-syndicate.org>
To: dharao4 at yahoo.co.uk 
Sent: Thursday, 13 September 2012, 18:20
Subject: Project Syndicate September 2012 Newsletter

Project Syndicate September 2012 Newsletter 

Dear Project Syndicate reader, 
Welcome to the September 2012  newsletter, bringing you the latest news from Project Syndicate and a selection of key commentaries from the past month. This month, we are pleased to present our special summer supplement, and a new Focal Point featuring Joseph Stiglitz's assessment of the US economy. To keep up-to-date with all of our content, visit our Web site regularly, and follow us on Facebook and Twitter. Thank you for your continued support.  
The Summer of Our Discontent 
Project Syndicate presents a special summer supplement, "The Summer of Our Discontent." 
Commentaries include: 
Harold James on summertime crises in Europe 
Jean-Claude Trichet on standards for non-standard monetary policy 
Kemal Dervis and Javier Solana on why Europe needs inflation 
Laura Tyson on Mitt Romney's inadequate economic-policy proposals 
Jong-Wha Lee on safeguarding Asia's economic growth 
Howard Davies on the need for stimulus to create jobs in Europe 
Hoda Badran on why the Arab Spring has been dangerous for women 
"The Summer of Our Discontent" is also available on Amazon Kindle.  
Stiglitz on America 
Like all crises, the 2008 financial crisis was a moment of truth, not least for conventional wisdom about the US economy. Joseph Stiglitz was one of the few economists challenging the status quo long before the crisis erupted. In a new Focal Point, Stiglitz examines the successes and failures of America's response to the global financial crisis - and proposes solutions to the US economy's troubles.  
Why Germany Should Lead or Leave 
by George Soros 
NEW YORK – Europe has been in a financial crisis since 2007. When the bankruptcy of Lehman Brothers endangered the credit of financial institutions, private credit was replaced by the credit of the state, revealing an unrecognized flaw in the euro. By transferring their right to print money to the European Central Bank (ECB), member countries exposed themselves to the risk of default, like Third World countries heavily indebted in a foreign currency. Commercial banks loaded with weaker countries’ government bonds became potentially insolvent. 
There is a parallel between the ongoing euro crisis and the international banking crisis of 1982. Back then, the International Monetary Fund saved the global banking system by lending just enough money to heavily indebted countries; default was avoided, but at the cost of a lasting depression. Latin America suffered a lost decade...read more. 
Mitt Romney and America's Four Deficits 
by Laura Tyson 
BERKELEY – The United States is beset by four deficits: a fiscal deficit, a jobs deficit, a deficit in public investment, and an opportunity deficit. The budget proposals put forward by presidential candidate Mitt Romney and his running mate, Paul Ryan, could reduce the fiscal deficit, but would exacerbate the other three. 
To be sure, Romney and Ryan have failed to provide specifics about how they would reduce the fiscal deficit, relying on “trust me” assertions. But the overarching direction of their proposals is clear: more tax cuts, disproportionately benefiting those at the top, coupled with significantly lower non-defense discretionary spending, disproportionately hurting everybody else – and weakening the economy’s growth prospects...read more.  
Other Recent Commentaries 
Martin Feldstein on whether inflation is making a comeback 
Joseph S. Nye on US foreign policy during Obama's first term 
Brigitte Granville on how Hollande's domestic policies threaten France's economy 
Ian Buruma on the unnecessary escalation of geopolitical tensions in Asia 
Stephen S. Roach on why China's economy is doing just fine 
Anne-Marie Slaughter on the Internet as a human right  
August's Most Popular Commentaries 
"Justice for Sweden" by Marten Schultz 
"Early Retirement for the Eurozone?" by Nouriel Roubini 
"Economics in Denial" by Howard Davies 
"No More Growth Miracles" by Dani Rodrik 
"How Long for Low Rates?" by Kenneth Rogoff  
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Listen to podcasts of our commentaries. A full listing of our podcasts is available here. 

©2012 Project Syndicate | P.O. Box 130, 120 21 Prague 2           
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