Here is Avinash Persaud, writing on Willem Buiter’s blog, with his take on the problem: Why Bank Risk Models Failed and the Implications for what Policy Makers Have to Do Now, by Avinash D. Persaud: Sir Alan Greenspan, and others have questioned why risk models, which are at the centre of financial supervision, failed to […]
I will let people know how many google hits we get for this post. On the other hand, digby at Hullabaloo recommends we vote.
This one is for those concerned about how we spend our tax dollars. It is a robotics project funded by the pentagon performed by Boston Dynamics called the BigDog. I’m not going to comment because I can think of many positives as in the moon shot program and transitors and I can think of many […]
Angry Bear has been steadily increasing its readership, but in the last three months especially has seen a significant rise in visits. For the first time ever we had over 100,000 visits in March, which is a milestone given that around 60,000 was common. (Real figures can be evaluated on the sitemeter. January saw 90,000, […]
If you look at the data on traffic deaths it is obvious that we are doing something right in the US.As far back as the data goes traffic deaths have been falling at a -3.2% annual rate. But if your source of information was economics you would be hard pressed to know this. It has […]
Mark Thoma carried a post on a piece The sting of poverty, by Drake Bennett, Boston Globe on a fresher look at the reasons poor people are ‘irrational’ in neo-liberal economic terms regarding diminishing returns of marginal utility. Many familiar names are in the comments. It is a great start to bringing economic theory out […]
With all the discussion about our plight money wise I thought it would be interesting to see just how distorted our view can become depending on what factor we choose as a comparison. Also, I find this site fun. So, just how do we compare today to the fondly remembered yesterday? I am very grateful […]
The NYTreports: The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades. Which experts? If an agency is not looking, or actively […]
Alternet, a leftist blog, carries this interview with Dr. Jansen, head of Goddard Institute for Space Studies, NASA’s premiere climate research center. So might that make it slightly left of center? DR. JAMES HANSEN: Well, my concern is general with both Republican and Democratic administrations. They both feel that they can control what scientists say […]
fester at Newshoggers has a post on military aspects of the conflict in Basra and Baghdad.