published by William J. Holstein on 16 November 2011 - 9:13am
Former President Clinton says this about The Next American Economy:
"While Washington may practice the politics of conflict, the rest of America is showing that cooperation between the business, government, educational, and foundation sectors can foster innovation and create new jobs. William J. Holstein’s "The Next American Economy: Blueprint for a Real Recovery" is an essential roadmap for America’s renewal and an insightful reckoning of the global challenges ahead."
Americans are now experiencing another sickening downward slide in the financial markets and the overall economy. I argue that we are going to continue to suffer until we start taking tangible, practical steps to create a more innovative economy that creates high-paying jobs. It's not a silver-bullet solution, but Americans need to face up to our structural competitive challenges, rather than waiting for things to simply "bounce back to normal." That is never going to happen.
published by William J. Holstein on 25 January 2012 - 11:24am
In a front page story yesterday, the Wall Street Journal seems to have responded to the arguments that Eamonn Fingleton and others have been making about Japan's surprising strengths. The headline was "End of Era for Japan's Exports." It went on to say: "One of the world's greatest export engines is running out of steam." The story was sparked by the fact that Japan has had its first annual trade deficit since 1980. Japan could run trade deficits for years to come, the article warns, particularly if the yen remains at the level of abouot 76 to the dollar, which is very high.
published by William J. Holstein on 19 January 2012 - 10:50am
In the Next American Economy, I proposed that the federal government should combine the Foreign and Commercial Service within the Department of Commerce with the Small Business Administration and the Export-Import Bank. According to my analysis, the agencies involved in promoting exports by small and medium sized companies are not well-coordinated.
published by William J. Holstein on 11 January 2012 - 4:03pm
Now comes news that the highest ranking foreigner at Nomura Holdings, Jasjit Bhattal, has resigned after he was not able to win enough support to overhaul the bank's global wholesale operations. The Wall Street Journal calls the departure a "blow to Nomura's bid to become a global investment-banking powerhouse and creates a leadership vacuum at the bank's wholesale-banking unit." Nomura was one Japanese company that many experts held up as the example of one that could integrate foreigners into its upper ranks and transform its culture.