The Bell has an op-ed worth reading. When Economic Stress Becomes Terrorism Poverty, Rather Than Anti-Anything Ideology, Is the Common Thread Joseph Stack is not a terrorist in the sense that we apply this word to operatives for al-Qaida and other groups and he certainly is not a Tea Party terrorist. The same is true for Terry Hoskins.
A few years ago—probably four, though maybe more—I was doing some research at SIBL when the National Sport of Canada came on the television screens. It wasn’t that I stopped to watch; that loyalty had been previously established. It was that everyone else who was walking between the floors stopped and watched for at least five minutes, and often longer
I have been a Bad Blogger this week. (As opposed to my usual practice, which seems to be described as Blogging Badly.) While I intend to continue the New Tradition (think of me as Waylon, without the speed), following are Snow Day Links: D-Squared was on fire on Wednesday: both Bank Lending Channel and The Foundations of Mathematics and the Roots of Finance are essential. For all those of you—looking straight at you, o six-footed one —who believe TARP was the right idea to save the economy, here’s another data point : “Overall bank lending in the US economy shrank 7.4% in 2009 — the sharpest drop since 1942.” James Hamilton looks at Those Other Programs that support the banks without providing any funds to the rest of the economy (though I don’t think he put it that way)
I have been a Bad Blogger this week. (As opposed to my usual practice, which seems to be described as Blogging Badly.) While I intend to continue the New Tradition (think of me as Waylon, without the speed), following are Snow Day Links: D-Squared was on fire on Wednesday: both Bank Lending Channel and The Foundations of Mathematics and the Roots of Finance are essential. For all those of you—looking straight at you, o six-footed one —who believe TARP was the right idea to save the economy, here’s another data point : “Overall bank lending in the US economy shrank 7.4% in 2009 — the sharpest drop since 1942.” James Hamilton looks at Those Other Programs that support the banks without providing any funds to the rest of the economy (though I don’t think he put it that way)
by Linda Beale Duffie on speculative trading (Part one of a series) In today’s Wall St. Journal, Darrell Duffie, a finance professor at Stanford’s business school, argues “In Defense of Financial Speculation” (Wall St. J., Feb
by Rebecca Wilder Today, North America saw the Q4 2009 GDP figures for Malaysia and Germany. In my view, the two releases accurately depict the developed vs. developing picture of economic recoveries: one is causing the other.
by Bruce Webb Well I doubt that will be the slogan on the signs at the next Teabag Rally but it is an accurate summation of Rep. Paul Ryan’s Roadmap to America’s Future tax reform plan.
by Linda Beale Swiss banking secrecy in the news again as Germany seeks data The Swiss are fighting hard to maintain their edge in providing tax evasion services for the euro zone and the US. In spite of the modest changes to the US-Swiss tax convention, we can expect difficulty in acquiring information from Swiss banks that should be turned over routinely.