by Linda Beale Former Sen. Gramm retires from UBS Let’s see. Gramm pushed through the Commodities modernization act in Dec 2000–the thousand pages that nobody read but that made sure that credit default swaps (CDS) stayed unregulated. CDC then went on to form one of the pillars of the financialization of the economy–as they mushroom […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Recommending Brad Delong When he is not snarking up a storm on his blog or educating Berkeley’s young skulls full of mush Brad does some solid academic work. In concert with Prof. Ann Marciarille (Mrs. Delong if I remember correctly) Delong has posted an interesting piece to […]
According to an article in today’s New York Times, Bain Capital was asked to do so, but declined. Well, actually it was asked to help GM out, and declined. The article recounts much of the controversy concerning Romney’s actual position on a government bailout for the companies back in 2008-09 and his current statements about […]
Late Tuesday night, a Washington-based blogger for The Economist who covers U.S. politics posted a several-paragraph takedown of Romney’s op-ed published that morning in the Detroit News. I learned of the op-ed yesterday when I read a then-two—day-old entry about it by Matthew Yglesias (not a favorite of mine, but I’ll leave that subject for […]
This might be a mistake, but I am bringing a discussion from my personal blog over here (links after the jump). I have a challenge. Can anyone think of a useful insight in macroeconomic theory which isn’t clearly stated in “The General Theory of Employment Interest and Money” ? By “useful” I mean that it […]
I just want to clarify again that the title of my original post, “Breaking news: Bain Capital wanted to lend money to GM and Chrysler for managed bankruptcies,” was intended as facetious, and that I had no idea that there was a recent report, rescinded as it turns out, that Bain Capital had been involved […]
This article Billionaire Romney donor uses threats to silence critics by Glenn Greenwald caught my attention given the amazingly quick reaction (in my opinion) to Beverly Mann’s post Breaking news: Bain Capital wanted to lend money to GM and Chrysler for managed bankruptcies. Beverly mentioned Bain Capital instead of Bain Consulting in the title. Also […]
by Linda Beale The relation between high college tuition and low state funding of higher ed: the right’s austerity agenda As certainly everyone should be aware by now (after almost 20 Republican candidate debates and months of negative campaign ads), the GOP candidates all think that we need to prescribe an austerity budget for state […]
This article in the New York Times (Even critics of the Safety Net) presents a gentle desription of some voter feelings about the political and economic ‘issues’ of this economy and election. I have a lot of different feelings about the description of people interviewed. The current media surrounding the election campaigning does not allow […]
Angry Bear was started by its namesake in the latter part of 2003, and continued publishing through the editorial efforts of Mike Kimel and Dan Crawford over the last six years (see About page). Mark Thoma at Economist View approaches the role of econblogs through pointing to the disconnect between academics and public use of the […]