…the central problem is that the ratings agencies long provided a service of immense value to society, and were paid a tiny fraction of that value to do so. The…

…dicing and recombining risk. This “cure” is another one of these rearrangements: somehow, by stripping out the bad assets from the banks and paying fair market value for them, the…

…to be booked at zero value. This is essentially mark-to-market on steroids, so any effect that mark-to-market would have would be exacerbated under this scenario. But does that change anything…

By Mike Soraghan Posted: 09/04/08 03:07 PM [ET] Georgia Republican Rep. Lynn Westmoreland used the racially-tinged term “uppity” to describe Democratic presidential candidate Barack Obama Thursday. Westmoreland was discussing vice…

…wages remained flat, first at $3.35 (falling in value from $5.78 to $4.24 over that time) and then at $5.15 (falling in value from $5.03 to $4.04 over that time)….

…capital. That’s why his comparison of the ten trillion to the value of the stock market is momentarily interesting but dumb”; and (2) my comments that the present value of…

…value of government deficits as of 2002 to the future value of GDP in 2075, especially since $44 trillion invested in bonds paying 5% for a 74-year period would become…

…return to accumulated funds is 3%, the value as of 2025 would be $452,408. Taking away 40% of this value reduces her Social Security benefits by $180,963 in terms of…

…(ignoring the value of leisure and of longer life spans) and it also ignores the value of accumulation for the benefit of future generations. […] We argue that a better…

…previous (excessively long) post, these units of exchange/financial assets embody exchange value — money. Hence (alert: precise definition here) money is exchange value as embodied in financial assets. Money does…