He's right that the bonuses are "shameful." But profits? The bonuses are shameful because they're being doled out in the midst of record-breaking losses. Now would in fact be an exceedingly good time for them to make profits--the sooner the better, the ...
No one knows how long it will take the real estate bubble to fully deflate. But it will happen. It is happening. Here's a very hopeful data point from Washington D.C.'s outer suburbs. In Prince William County, the number of residential sales in June, ...
How was all of this allowed to happen? Where were the regulators, the agencies that rate these bonds, the early warnings to the investors that maybe this paper was more dangerous than the brokerages let on? First, not only was there no regulation to ...
Also, see any number of good things posted by Arnold Kling at EconLog, especially the entry, "Delusions on Both Sides" ("Financial institutions thought that they were getting rid of risk, but instead they were just passing it around, as in the card ...
In a discussion of panicked investors pulling money out of 401(k) accounts, and subjecting themselves to the 10 percent penalty attendant on such early withdrawals, the Wall Street Journal this morning quotes Massachusetts Secretary of State William ...
Bob Shrum, the Democratic campaign strategist, is known for two things mainly--his long losing streak in presidential races, including such highlights as McGovern '72, Kennedy '80, and Kerry '04--and the trademark themes of almost every one of these ...
Forty-four years ago, an actor named Ronald Reagan gave a speech supporting Barry Goldwater and launching his own political career that was known ever after, by his ever increasing group of followers, simply as "." If the McCain-Palin team pulls off an ...
Send this article to: Your email address: Message (optional): Can't get enough of Alaska Governor Sarah Palin? The Anchorage Daily News has kindly posted a photo gallery here. Email the article A Fix for Palinoholics to a friend: ...
Was there something inconsistent in McCain's naming Governor Palin to his ticket after making much hay out of Barack Obama's not being ready to be president? I don't see it. Most of us McCain-Palin supporters think Senator Obama is ready and qualified ...
Well, that was certainly a spectacular show. And the speech was beautifully delivered, wonderful to listen to--if you could refrain from thinking about what he was saying. If you couldn't turn off your brain, alas, the speech was full of baloney, not ...
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