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

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My Essential Blogs

…if you ask me. 3. Naked Capitalism. I don’t know how Yves Smith does it. I simply don’t. 4. Calculated Risk. Tanta’s death is a loss – few people understood…

Credit is scarce but not capital

losses from once-popular mortgages that allowed homeowners to skip some interest payments and add the amount to principal. Washington Mutual Inc., the biggest U.S. savings and loan, with subprime losses

Experiment: How would you advise Sen. Clinton?

…Obama is now the second opportunity for the US to step away with no penalty of loss of honor from the inward focus on the word/words into the outward focus…

Bonus pay rewards WAMU execs for 2007 performance

…net operating profit, weighted at 30%, calculated as operating profit before income taxes and excluding the effects of (i) loan loss provisions other than related to our credit card business…

Opus : Finale’ A Discussion On Taxation

…demands for restructuring the capitalist system.” 9 Interesting. It was a time when those with the economic power were actually feeling threatened of a greater loss. This is a very…

Southeast water update

…country experiencing high amounts of water loss – and that the loss is typical for North Georgia. The Environmental Protection Division’s goal is a maximum of 10 percent of water…

If the Bubble Bursts

…bankruptcy, and taking large capital losses. This would certainly slow economic growth a bit, and perhaps by a lot. In the worst-case scenario, this could tip the US economy into…