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.
While I applaud the cautious optimism of Spencer and Tom, I’m more inclined to quote Joseph Brusuelas: [T]he January payrolls added a dollop of Zen like logic to a recovery that is shaping up like no other. An additional 111,000 workers entered the labor force, yet the unemployment rate fell to 9.7% while private sector […]
Was 2009 a great year to be a bank? The headlines all say so. (The 140 U.S. banks that were closed by the FDIC last year may disagree some.) But, as Isabelle Kaminska of Alphaville notes, very little of the gains posted for last year came from anything related to talent: Deutsche Bank reported net […]
For those who missed it yesterday, Palace defeated the Wolves at Selhurst Park last night, 3-1 (only a goal in the 90th minute breaking the shutout) behind a hat trick from defenseman-moved-forward Danny Butterfield, who played a similar role in Saturday’s 2-0 win over Peterborough. Most interesting is this observation from Palace manager Neil Warnock: […]
Via my usual source, Citi has launched a blog. Kids, don’t try this at home. The highlight is “Help Us Build a New Citi”: Join the conversation about reform, recovery and responsible finance.Tell us what’s on your mind. Comments may be as many as 200 characters. Suggestions for comments welcome in comments here.
The big news of Transfer Deadline Day was that Nathaniel Clyne turned down a move from The Eagles to The Wolves.* As The Guardian noted: [This] will please everyone at Crystal Palace who isn’t an administrator. Let’s look at the timeline and the reality. Palace was ninth in the Premier Championship [thanks to Tim in […]