While several good people—including several of my wife’s relatives and one of our bloggers—graduated from Pravda-on-the-Chuck, I am saddened to note that their faculty’s efforts in creating the Global Financial Crisis (GFC) has been muted. Such, at least, can be fairly concluded by the nominees and final ballot for The Dynamite Prize in Economics, being […]
The Rude Pundit does what Obama Administration doesn’t have the will to: “United Health Care in Colorado turned down 2-year old Aislin Bates of Denver, Colorado for coverage because they said she was too thin.” … “8-month old Jaxon Thornburgh of Dallas, Texas was denied health insurance because he needed simple therapy to help with […]
Many months ago, I quoted the brilliant Janet Tavakoli‘s book Credit Derivatives and Synthetic Structures: The trader then went on to tell me that Commercial Bank of Korea would sell credit default protection on bonds issued by the Commercial Bank of Korea.“That’s very interesting,” I countered, “but the credit default option is worthless.”“But people are […]
Or, nothing to see here. (via Felix’s Twitter feed)
Favorite papers from the 2008 AEA in New Orleans (all PDF, ungated): Emily Haisley on lottery tickets and perception. I heard about this paper before reading it. Such a simple idea, such a direct experiment. Michele Tertilt: Women’s Liberation: What’s in it for Men (with M. Doepke). The next step is to figure out why […]
A Healthy Blog notes that Massachusetts has reversed the national trend: Since the enactment of Chapter 58, Massachusetts has increased the percentage of employers offering coverage to their employees. With the employer offer rate up 4% over two year, to 76%, we are climbing well above the national average of 60%. This increase occurred in […]
The Guardian on the PIIGS: By the time Black Wednesday was over in September 1992, Soros had reputedly pocketed £1bn and the reputation of the government of John Major for economic competence was in tatters. Meanwhile, datacharmer at Bluematter gets to the core of the matter: I’m wondering what the shorters’ game is. As I […]
Henry Paulson’s book On the Brink is getting pilloried all over the place. David Wessel raises a point I’ve been hammering for a while: Jeff Imment, CEO of General Electric, frightened Paulson in early September by calling to say GE, which Paulson describes as “an American business icon,” was having trouble borrowing money by selling […]
Floyd Norris cites John C. Dugan, the man whose agency was charged with regulating AIG Financial Products in the NYT: [T]hey believe that the banking system on its own is unlikely to have the ability to provide enough credit to sustain an economic recovery in the United States. Gosh, really? Norris quotes Dugan: “We need […]
Even during the last “jobless recovery,” people did not continue to become discouraged. Things have changed.