Relevant and even prescient commentary on news, politics and the economy.

Health plans

Robert was hiding this link over at his Stochastic site, where he allows himself to have unsophisticated but very readable translations of Angry Bear at times. Here is the link to an analysis of McCain’s plan for health insurance. The link to Stocastic Thought is on the left sidebar. Also in that Health Affairs posting, […]

Solidarity

SOLIDARITY There are about 2 months until the election, an election that will decide the next President of the United States The person elected will be the president of all Americans, not just the Democrats or the Republicans. To show our solidarity as Americans, let’s all get together and show each other our support for […]

Worth a look….Daily Source

Dear CDansplace2, We’ve created the most comprehensive page of information on vice presidential candidate Sarah Palin on the Internet – Daily Source on the Vice Presidential candidate. Since Gov. Palin is new to just about everyone in the country, little is known about her record and her policies. Our special section has in-depth research, videos, […]

What is the point of credit default insurance ?

I stress again that I am technically an economist, but I have focused on everything except for money and banking (OK everything but money, banking and Neo-Austrian theory) so I am ignorant on this topic. I am interested in understanding why financial innovation is profitable. I can think of two key reasons for new instruments. […]

Dean Baker Explains It All to You

UPDATE: Krugman comes to the same conclusions, more concisely. (That’s why he gets paid the big bucks.) And Brad DeLong has modified his original position to the point where it’s got a good chance of working going forward. I started a “What is an Asset” post yesterday, which got sidetracked by Brad DeLong’s urging that […]

Furiously bailing…out to where?

The NYT reports: The Bush administration is asking Congress to let thegovernment buy $700 billion in troubled mortgages, accordingto a draft of the plan. The proposal would raise thestatutory limit on the national debt to $11.3 trillion from$10.6 trillion. Chase Rooster update on bailing out, but with different slang. Which major player individuals are also […]

Plain vanilla question….plain vanilla answer

Lifted directly from comments as a plain vanilla answer to some of the confusion on value of certain derivatives. The problem is that mortgage derived instruments slice the actual mortgages too finely for proper evaluation, collection or even renegotiation. The solution seems to be having the government buy everything up at a fire sale and […]

ISP advertising and behavioral privacy

The Center for Democracy and Technology discusses aspects of behavioral advertising on your ISP: Here is how the basic ISP model works: ad networks that partner with ISPs potentially gain access to all or substantially all of an individual’s Web traffic as it travels through the ISP’s infrastructure, including traffic to all political, religious, and […]

Chase Rooster Palin

What is your Palin name? In this day and age of naming children, stars in Holleywood and Sarah Palin chose names not usual in mainstream America, but not totally unique. In an idle moment, find out your name if Palin had been your mom. Chase Rooster Palin Pro Growth Liberal is Muzzle Mammoth Palin (When […]