Zohran Mamdani’s Bold Program for an Affordable New York City
In a shocking upset, socialist Zohran Mamdani bested former governor Andrew Cuomo in the June 24 New York City mayoral
1696 articles
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Labor Leader To Head New York Fed
Yves Smith thinks it's a gimmick, but one that may have some unexpected consequences. Tuesday, August 25, 2009
Today's Indicators
US new home sales increased almost 10% more than forecasted in July, and, perhaps more important, unsold inventories dropped to
Fed Ordered To Disclose Emergency Loan Details
From Bloomberg (the plaintiff, no less): Court Orders Federal Reserve to Disclose Emergency Loan Details By Mark Pittman Aug. 25
Changed Relation between Intellectuals and Poor
Interesting Guardian piece by David Edgar, formerly of Marxism Today: In the new revolution, progressives fight against, not with, the
Yves Smith: Banks Sitting on Bad Mortgages
More reason to view Case-Shiller data with caution: increased buying activity is only one side of the problem. Naked Capitalism
Senate Republicans To Block Health Co-ops
According to this Financial Times report. Co-ops are a totally insufficient substitution for the less-than sufficient public option anyway, but
More on Craziness of China's Stimulus
From The Financial Times. Here's a taste: This was thanks largely to the government's Rmb4,000bn
Today's Indicators
US Consumer Confidence surges above 50 in August; considerably fewer say jobs "hard to get." Go figure. In
It's Better than the Alternative
...to wit, nominiating Lawrence Summers. From Reuters: Obama renominates Bernanke as Fed chief Tue Aug 25, 2009 9:55am EDT
China To Keep Lending
This is just weeks after asserting (or emphasizing?) the contrary. The Chinese are really dancing on a tightrope, here. I
Strange Things Afoot in the Bond Market
From Bloomberg: Bond Bears Dumping Two-Year Treasuries Defy History (Update3) By Oliver Biggadike and Daniel Kruger Aug. 24 (Bloomberg) Bond
NYT on High Frequency Trading
Arrest Over Software Illuminates Wall St. Secret By ALEX BERENSON Published: August 23, 2009 New York Times Flying home to