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

Is Ireland the Poster Child of Growth?

by Rebecca Wilder Is Ireland the Poster Child of Growth? I wanted to familiarize myself with the economic statistics in Ireland, so I thought that I’d share my findings with you all. Many politicians refer to Ireland as the poster child of austerity – according to the contentious thesis of expansionary austerity (a review from the […]

Rumours of "Green Shoots" are Exaggerated: Illinois

After my previous posts on Georgia, it seems only fair to note the bank closings in Illinois today. There have been 13 bank closings posted (as of right now, about 6:50pm) in the state of Illinois since last March. That alone is significant—but, even more interesting, six of them occurred today. This exceeds the previous […]

Noted for the Record, Failed Bank edition

With today’s (well, yesterday’s) five closings, the total of failings of U.S. banks since March of last year to 69. Of those, slightly more than 20% (14) are from the state of Georgia. Excepting the much larger California, there have been more failings in Georgia than in any two other states combined. Also as a […]