ECON
Get flash to fully experience Pearltrees
He left behind a group of legislators in Washington still trying to nail down a controversial attempt to overhaul the nation’s in the wake of the country’s most serious economic crisis since . A well-regarded lion of the regulatory world, Mr. Volcker had endorsed the legislation before he went fishing, but unenthusiastically.
Paul Volcker Pushes for Reform, and Regrets His Past Silence - NYTimes.com
It ran in The Saturday Evening Post on Sept. 14, 1929. A month later, the stock market crashed. “Everyone wants to think they’re smarter than the poor souls in developing countries, and smarter than their predecessors,” says Carmen M. Reinhart , an economist at the . “They’re wrong.
Economists Who Did Their Homework (800 Years of It) - NYTimes.co
You run across this scene in town after town these days, from doughnut shops tucked into strip malls in Charlotte to cafes in Austin. It has become commonplace, along with possessions piled curbside in front of foreclosed homes. Here is gloomy evidence of a national hunger for paychecks, fresh sign of the everyday calamity coloring much of the American experience.
The Great Rupture - NYTimes.com
The next financial boom seems likely to be centered on lending to emerging markets. Sam Finkelstein, head of emerging markets debt at Goldman Sachs Asset Management, summed up the prevailing market view - and no doubt talked up his own positions - with a prominent quote in Monday's Financial Times (p.13, front of the Companies and Markets section): "Debt-to-GDP ratios in the developed world are about double those in emerging markets and they're growing. This makes emerging markets interesting because you're pick up incremental spread [higher interest rates compared with developed world rates], and in return you're actually taking less macroeconomic risk. This is a dangerous view for three reasons.
Simon Johnson: What Is Goldman Sachs Thinking?
Thomas Frank: We Should Avoid the Austerity Trap - WSJ.com
Recent increases in the federal deficit have made the pundit class tremble, but they aren't really mysterious. They are, for the most part, a product of the recession, which has reduced tax revenue, justified the bailouts and last year's stimulus package, and brought unemployment insurance and other "automatic stabilizers" into effect. Solve the recession and we'll eventually bring the deficit back down, too.
Friendship in an Age of Economics - Opinionator Blog - NYTimes.c
Erin Schell The Stone is a forum for contemporary philosophers on issues both timely and timeless. When I was 17 years old, I had the honor of being the youngest person in the history of New York Hospital to undergo surgery for a herniated disc. This was at a time in which operations like this kept people in the hospital for over a week. The day after my surgery, I awoke to find a friend of mine sitting in a chair across from my bed. I don’t remember much about his visit.