Sammy suggested avoiding the blame game and focus on future regulations. So I noticed others talking about regulating ‘looters’ in the narrow sense of the word. I learned a few things. Naked Capitalism pointed to Econbrowser where Menzie Chin discussed what needed to be done to deal with our current ‘crisis’ in solvency. Worth reading […]
I am new at this part of the forum as part of Angry Bear. Please let me know if I have the basics correct. Knowing how much time posting takes, I am amazed at the quantity of time necessary to troll. 1. A classic troll is trying to make us believe that he is a […]
The UK Telegraph has an interesting set of charts regarding issuance of bonds and such. Glance at the more or less healthy stock markets in New York, London, and Frankfurt, and you might never know that this debate is raging. Hopes that Middle Eastern and Asian wealth funds will plug every hole lifts spirits.Glance at […]
J Edgar Hoover, former FBI Director Sinclair Lewis wrote a book with the ironic title It Can’t Happen Here. (hat tip to Bruce Webb from comments here). There is a strain of thought in American politics that prefers to consider the Constitution as an impediment. Another example comes to mind from this new information about […]
The NYT reports on WTO and Antigua: In an unusual ruling on Friday at the World Trade Organization, the Caribbean nation of Antigua won the right to violate copyright protections on goods like films and music from the United States — an award worth up to $21 million — as part of a dispute between […]
The International Herald Tribune reports: Six years ago, the first prisoners from the war against terrorism arrived at the U.S. military detention center at Guantánamo Bay. The Bush administration refused to grant prisoner-of-war status to inmates there and denied them the protections of the Geneva Conventions, and has brought criminal charges against only three of […]
Bloomberg reports: Barclays PLC, the U.K.’s third- biggest bank, sued Bear Stearns Cos. over losses caused by the implosion earlier this year of a hedge fund that invested in subprime mortgages.Barclays Bank PLC, a unit of London-based Barclays, claimed the New York-based securities firm hid negative financial information about the collapsed fund, according to a […]
Science Friday aired a show on 12/14/07 discussing national health insurance. Guests were: Uwe Reinhardt James Madison Professor of Political Economy,Princeton, New JerseyJ. Fred Ralston, Jr Chair, Health and Public PolicyCommittee American College of Physicians, Fayetteville, Tennessee Donald Berwick President and Chief Executive OfficerInstitue for Healthcare Improvement, Cambridge, Massachusetts Here is a real example (as […]
The Independent reports: Fruit-pickers, who typically earn about $200 (£100) a week, are part of an unregulated system designed to keep food prices low and the plates of America’s overweight families piled high. The migrants, largely Hispanic and with many of them from Mexico, are the last wretched link in a long chain of exploitation […]
Ben Bernanke comments on the credit woes of the world. He is a master to calm the troubled waters of liquidity. In recent years, mortgage markets have seen a remarkable wave of financial innovation. The advent of large secondary markets and the use of automated underwriting, for instance, have brought more capital into the system […]