Greece financial crisis: Panic, bad policies and conflicts of interest
February 8, 2010
Greece Economy Watch | greekeconomy.blogspot.com
In one of Prime Minister George Papandreou's recent brainstorming session, Joseph Stiglitz apparently told him that the IMF is the only way out for Greece. He does not think that the EU will do the job properly.
Medical Malpractice Caps: Illinois Thumbs up or Down?
February 6, 2010
Illinois Supreme Court Strikes Down Medical Malpractice Caps | www.chicagobusiness.com
Are Medical Malpractice Caps really Unconstitutional?
How to Rebalance the Economy and Create Jobs At Home
January 31, 2010
No Jobs, No Recovery | www.nytimes.com
Since 1990 American has run a cumulative deficit on our traded goods account of $ 9 trillion dollars. Much of this money was re-circulated fueling the increasingly larger budget deficits and the over consumption of American consumers. American economists and politicians have been blinded by the promise of the advantages of free trade while ignoring the obvious costs to American security and prosperity of our increasing dependence on foreign suppliers for everything from food products to finished manufactures. Even our defense sector, below the level of our prime contractors, has been hollowed out by the outsourcing of production to distant sources of supply.
One Month In: 2010 It Is What It Is
January 30, 2010
Health Care Reform Hopes "On Life Support" Democrats Increasingly Gloomy Over Prospects of Legislation Reaching Obama's Desk this Year | www.cbsnews.com
So here we are yet again, it is a new year, “Joe the Plumber” has been forgotten, unemployment hovers at 10%, Toyota has rocked the world with an unprecedented massive safety recall, industry has stalled adding jobs or unfreezing wages and the rippling affect has wary consumers still afraid to spend.
January 28, 2010
Senate Confirms Bernanke for Second Term as Fed Chief | www.foxnews.com
I cannot think of anything that would have deterred the Senate from confirming Mr. Bernanke.Fortunately for everyone interested in financial stability, residing on this spinning rock called Earth, we have not gone off our axis.
Fed Policy Attitudes Tilt Just a Little, Maybe
January 28, 2010
FOMC Statement, January 27, 2010 | www.federalreserve.gov
In its policy announcement of 1/27/10, the Federal Open Market Committee (FOMC) may have tilted ever so slightly toward recognizing the need to back away from its rigid, long-held policy of extreme monetary ease. The policy kept the recession from being worse, but now an economic recovery seems at hand, though how self-sustaining and adequate remains open to doubt. So a very easy current policy remains needed. Any hints of less rigidity are welcome, but they should be more forthright.
Tobacco Companies:The Biggest Challenge of All!
January 28, 2010
Cigarette Makers Ask to Block Ruling in 4,000 Cases (update1) | www.bloomberg.com
Will the adverse effects of smoking be universally allowed into evidence?
Deutsche Bank's "Trillion Dollar Mean Reversion"
January 26, 2010
The bank problem in a single chart | ftalphaville.ft.com
Many thanks to Jim Reid of Deutsche Bank for updating and reissuing his graphical illustration of bank profits over the last 40 years. As well as putting the bank bust/boom of 2008-9 into context, it also helps to explain the political challenges bank reform poses within democratic societies.
Chrysler: Another Uphill Battle!
January 26, 2010
Chrysler Dealerships Fight Closings | online.wsj.com
Will Chrysler's closing of dealerships be the straw that broke the camels back?
Obama's bank reforms: the Ryder Cup of banking?
January 25, 2010
Bankers to lobby for softer reforms | www.ft.com
President Obama's proposed reform of US banks has not received universal acclaim. In particular, the UK government's response has been rather lukewarm. What I think we are seeing are different responses to the same short term political challenge, ie bank bonuses that laugh in the face of suffering tax payers who have made the continued payment thereof possible. US and European (well, British) responses to this challenge are very different. They risk damaging consensus on global banking reform.
Samsung Buries Ontario Deep into Third-World Abyss
January 24, 2010
So Where is GSE Reform Going, Anyway?
January 14, 2010
Monetary Policy Still Too Accommodative
December 16, 2009
For-Profit Education Companies Get New Student Loan Default Rates
December 8, 2009
Plan Sponsors May Face New Fiduciary Responsibilities
December 7, 2009