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Monthly Archives: April 2011

The Convoluted Euro

“The standard way of thinking about the eurozone is this: Germany is strong, France is a bit less strong, and everyone else mooches off their strength.

Certainly that’s how it’s appeared lately, post-crisis, but that’s thinking way too small.

Floyd Norris at NYT sheds some light on what’s actually been the case, going back to the creation of the Euro: Germany is the biggest beneficiary around, and everyone else has been losers.”

Full article

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Obama criticized for poor economy

President Obama experienced push back on his visit to the West Coast, as citizens voiced disappointment with the economic recovery and lack of jobs. While plenty understood that deficit reduction is imperative to the long term stability of the country, many also wanted to know what was being done to help spur the economy on to job growth.

An audience member at Obama’s town hall meeting Wednesday at Facebook headquarters in Palo Alto, Calif., summarized how the increased attention on red ink looks to the public.

“At the beginning of your term you spent a lot of time talking about job creation and the road to economic recovery,” the questioner told the president. “Since then, we’ve seen the conversation shift from that of job creation and economic recovery to that of spending cuts and the deficit.”

Malcontent was also voiced on the state of the housing market and its persistence.

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Japan proposes $50 Billion initial reconstruction effort

The extra $50 billion (4 trillion yen) the Cabinet approved is expected to be only the first installment of reconstruction funding. About $15 billion (1.2 trillion yen) will go to fixing roads and ports and more than $8.5 billion (700 billion yen) will go to build temporary homes and clearing rubble.

Read more here.

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Samsung counter-sues Apple

SEOUL, South Korea (AP) — South Korea’s Samsung Electronics Co. said it is suing Apple Inc. for patent rights violations, only days after Apple sued Samsung for the same reason.

Samsung is accusing Apple of violating its rights to 10 smartphone and computer patents. The company filed lawsuits Thursday in Seoul, Tokyo and Mannheim, Germany.

The lawsuits come only days after Apple sued Samsung in a California court. Apple alleges Samsung’s Galaxy line of smartphones and tablet computers copy Apple’s popular iPad and iPhone.

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Toyota car production disrupted until November or December

TOKYO (AP) — Toyota’s global car production, disrupted by parts shortages from Japan’s earthquake and tsunami, won’t return to normal until November or December — imperiling its spot as the world’s top-selling automaker.

President Akio Toyoda apologized to customers for the delays due to the March 11 disasters that damaged suppliers in northeastern Japan, affecting automakers around the world.

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