Latest news (Page 147)
Krugman on Resistance to Nationalization
Pretty good summary of the situation many banks find themselves in, and an interesting conclusion regarding resistance to full nationalization
Corporate Bond Conundrum?
Highly-rated corporate bonds have been a hot item lately (which creates problems for the Fed and Treasury, as they serve
The Year of Living in Denial
Exactly one year ago, central banks and finance ministries spent the US Martin Luther King, Jr. holiday weekend cobbling together
Global Imbalances and the Triffin Dilemma
Interesting piece from Reuters: January 13th, 2009 Global imbalances and the Triffin dilemma By: John Kemp John Kemp is a
Unrest in Eastern Europe Grows
From The Observer. The article notes that "Another problem in Romania, as elsewhere in the region, is that many
Big Firms Deepen Job, Wage Cuts
One more shibboleth of conventional economics, that of the "stickiness of wages downwards," increasingly challenged by the terrible
A New US Option: An "Aggregator Bank"
From The Wall Street Journal, a short excerpt from an interview with FDIC head Bair, and an excerpt and link
More on New UK Bank Initiative
From The Observer. An astonishing tidbit (of which there are several, including a proposal to concert Northern Rock from a
Brown Orders UK Banks To Come Clean
From The Financial Times. It's perhaps instructive to recall in this vein that it was Britain's
Closures and Layoffs (Jan. 11-17)
From Mark Heshmeyer at CoStar Group. In this week's issue: * 2/3 of construction companies planning layoffs. * To
Labor to BoA: 'We See Your Greedy Side'
From the excellent new Open Media Boston, which has more photos and video of this event: by Jesse Kirdahy-Scalia (Staff)
Economists for Full Employment
The group Economists for Full Employment are circulating a petition to be given to Obama and Congress. If you are