Posted on 26 March 2008. Tags: Alan Greenspan, Barack Obama, Bear Stearns, Class Warfare, Dean Baker, Economics, Federal Reserve, Financial Crisis, Hillary Clinton, Paul Krugman, Paul Volcker, Robert Rubin, Ron Blackwell, Subprime Mortgages
I have been waiting to hear what the presidential candidates have to say about how to address the financial crisis gripping the country, and the international markets. Very little of substance has been said, beyond vague pronouncements—until yesterday. Sen. Hillary Clinton released a plan, which, in my humble opinion, underscores why another Clinton Administration would […]
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Posted in General Interest
Posted on 21 March 2008. Tags: Bear Stearns, Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages, Unemployment
This just out via the Associated Press: The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said Thursday that applications for jobless […]
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Posted in General Interest
Posted on 21 March 2008. Tags: Bear Stearns, Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages, Unemployment
This just out via the Associated Press: The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said Thursday that applications for jobless […]
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Posted in General Interest
Posted on 17 March 2008. Tags: Bear, Class Warfare, Economics, Federal Reserve, Financial Crisis, Stearns, Subprime Mortgages
We will get a window on how bad it could get in about 20 minutes when the stock market opens. Stocks will drop like a rock if the overnight trends are any indication: European and Asian stocks fell Monday in response to renewed worries about the financial strength of the world’s banking system after […]
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Posted in General Interest
Posted on 17 March 2008. Tags: Bear, Class Warfare, Economics, Federal Reserve, Financial Crisis, Stearns, Subprime Mortgages
We will get a window on how bad it could get in about 20 minutes when the stock market opens. Stocks will drop like a rock if the overnight trends are any indication: European and Asian stocks fell Monday in response to renewed worries about the financial strength of the world’s banking system after […]
Read the full story
Posted in General Interest
Posted on 10 March 2008. Tags: Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages
A short post today since it’s big fundraiser day. Paul Krugman reports: The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to saying that we’re in the midst […]
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Posted in General Interest
Posted on 10 March 2008. Tags: Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages
A short post today since it’s big fundraiser day. Paul Krugman reports: The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to saying that we’re in the midst […]
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Posted in General Interest
Posted on 08 March 2008. Tags: 2008 Elections, Barak Obama, Economics, Hillary Clinton, Issues, Marcy Kaptur, Sherrod Brown, Super-Delegates
Earlier this week, I suggested that, rather than debate the often vague criteria that should drive a super-delegate’s decision on who to support in the Democratic nomination, the uncommitted super-delegates should actually seek a clarification on where candidates stood on issues. I chose trade because I consider that to be the single-most important economic […]
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Posted in General Interest
Posted on 08 March 2008. Tags: 2008 Elections, Barak Obama, Economics, Hillary Clinton, Issues, Marcy Kaptur, Sherrod Brown, Super-Delegates
Earlier this week, I suggested that, rather than debate the often vague criteria that should drive a super-delegate’s decision on who to support in the Democratic nomination, the uncommitted super-delegates should actually seek a clarification on where candidates stood on issues. I chose trade because I consider that to be the single-most important economic […]
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Posted in General Interest
Posted on 05 March 2008. Tags: 2008 Elections, Barak Obama, Chapter 11, Class Warfare, Economics, Hillary Clinton, John Edwards, Marcy Kaptur, Sherrod Brown, Super-Delegates, Trade
I’m frankly unmoved by the arguments circulating that so-called super-delegates have to vote one way or another. The system for political primaries is broken and the super-delegate issue–discovered mainly by people who never objected to their status before–is just one problem. But, since the super-delegates may have a crucial role at the Democratic convention, […]
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Posted in General Interest