What Good are Fancy Derivatives?
The Nobel-winning economist Robert Solow, in a respectful review of John Cassidy’s fine book How Markets Fail, asks: How much do all those exotic securities [credit-default swaps and the like], and the institutions that create them, buy them, and sell…
Credit default swap – Robert Solow – Security – How Markets Fail: The Logic of Economic Calamities – Business
Republicans: Party Before Country
It becomes more clear every day that the Republican opposition – in Congress and the media – is not interested in solving any of America’s problems. Their only goal is to bring down the Democrats. Some might respond that this…
United States – Republican – Democratic – George W. Bush – United States Congress
Israelis Punish Turks for Gaza Criticism by Making Ambassador Sit In Kiddie Chair
Entry Revised Tuesday AM The original post dealt with a column by Gideon Levy about Israel’s seeming lapse into sheer nuttiness. (It’s still below). This latest shows that Levy’s theory is no exaggeration. The Deputy Foreign Minister of Israel, Danny…
Israel – Gideon Levy – Middle East – United States – Warfare and Conflict