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How Big Should the Financial Services Industry Be ?

…been three big banking booms in modern U.S. history. The first began in the late nineteenth century, during the Second Industrial Revolution, when bankers like J. P. Morgan funded the…

Risk and Aversion, Take 2

…Spider’s Sunny Patch below the break. It was 1993, I think, when Richard Sandor gave the closing presentation at the ISDA Conference in Washington, D.C. Sandor was enthusiastic; there was…

Fiscal Responsibility Summit: Guest List

…Gage, AFGE John Sweeney, AFL-CIO Gerry McEntee, AFSCME Randi Weingarten, AFT Ed Coyle, Alliance for Retired Americans Kevin Hassitt, American Enterprise Institute Richard Umbdenstock, American Hospital Association Nancy Neilson ,…

Real Keynesians understand imbalanced trade

…lies at the heart of our current problems. In past postings, I’ve already cited two examples of what real Keynesians say: * Richard Duncan predicted this global depression in his…

$30 billion annually did it?

…arts. WPA alumni include writers Saul Bellow, John Cheever, Ralph Ellison, and Richard Wright, the artist Jackson Pollack, and actor and director Orson Welles. The WPA was not especially efficient….

Following the money

…Warren, they are Damon Silvers, an associate general counsel of the AFL-CIO and the panel’s new deputy chairman, and Richard H. Neiman, the state superintendent of banks for New York….

Three Charts in a Tangle: What Lending?

…do with the election is left as an exercise. (The pattern is not repeated in 1992 or later.) There are other noticeable high periods—basically, the last months of Richard Nixon’s…

AIG as a symbol of ?

…option awards so long as they are reasonable, fully disclosed and truly needed to retain talent,” said Richard Ferlauto, director of corporate governance and pension investment at the American Federation…

Guantanamo release

rdan An op-ed by Marjorie Cohn, Jurist in Forum details the further developments with Guantanamo detainees. Finally, on November 20, in a stunning development, U.S. District Court Judge Richard J….