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Plugin by Hendrik Bahr.
This weekend I typed up "draft testimony" on what caused the mortgage/financial crisis. Like anyone wants to hear it. Anyway, I'll paste it in below the fold.
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7 октомври 2008, admin @ 2:39
As the unemployment rate climbs in the wake of the U.S. economic crisis, health coverage is becoming a bigger issue for voters. But neither presidential candidate has staked out a health-care position that is resonating strongly with Americans -- unless they are uninsured or fear they soon could be.
India’s central bank says it will cut the ratio of cash that banks are required to hold to free up liquidity because of the global credit crisis.
Bank of America says its third-quarter profit fell by more than two-thirds on the back of rising charges for soured credit market investments. The company also says it is cutting its dividend in half and will sell up to $10 billion in common stock to beef up its balance sheet.
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7 октомври 2008, admin @ 2:26
Recently a friend told the story of his 80-year-old father submitting a check for payment at Washington Mutual.
France is proposing through diplomatic channels that the Group of Eight industrialized nations hold an emergency summit to contain the U.S.-triggered financial crisis, according to a published report.
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7 октомври 2008, admin @ 2:16
You don’t have to accept low Treasury yields to be sure that principal will be returned. Among corporates, there are many solid, “recession proof” companies. Most make their money selling products where demand fluctuates very little during recessions.
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7 октомври 2008, admin @ 2:05
Today’s news is too hot, too juicy. “Wall Street, the Sequel,” needs a new predator! A poster-boy for the arrogance, greed and incompetence of Wall Street and Washington. And “Hank the Hammer” Paulson wins hands down as the archetype of a modern global megapredator.
It starts with Charles Murray, but we already know what he thinks. And although Kevin Carey's essay will appear later, we know what he thinks, too. I'm curious how Bryan Caplan will weigh in. We know he's a big fan of the signaling model, but presumably he will give us a bit more to chew on, maybe even including some evidence. The essay I'm most looking forward to is Pedro Carneiro's. He's done some work with Heckman, and he seems to be pretty sharp.