Archive for November, 2009
The Fed Must Counteract Asset Bubbles
From the folks at SAFER (The Economists’ Committee for Stable, Accountable, Fair, and Efficient Financial Reform), which is a project of the Political Economy Research Institute. Hat-tip to LF. The Federal Reserve Must Counteract Asset Bubbles Dean Baker, Jane D’Arista and Gerald Epstein Center for Economic Policy Research (CEPR) and Political Economy Research Institute November ...Read more.
Millionaires and Mass Transit
Happy Thanksgiving! Now that the bird is in the oven, I have time for a quick post. This is from a nice blog called “Crash Course: Edward Ericson’s annoyingly didactic musings on the Financial Meltdown” over at Baltimore’s City Paper. I always liked Baltimore, and now I have one more reason. Hat-tip to Choire over ...Read more.
Bank Failures Send FDIC Into the Red
There are no green shoots at the FDIC, only red ink. And it’s going to get worse before it gets better. From the New York Times: The government-administered insurance fund that protects depositors fell $8.2 billion into the red for the first time since the fallout from the savings-and-loan crisis of the early 1990s as ...Read more.
Economists Urge Passage of Health Reform
From the Center for American Progress Action Fund In Letter, Economists – Including 3 Nobel Laureates – Say Passing Health Reform Is “Critical To The Nation’s Economic Growth And Prosperity” November 24, 2009 Dear President Obama and Members of Congress, Responsible reform will help slow the growth of health care spending and cover the uninsured ...Read more.
Tax Cuts and the California Education Crisis
From Peter Phillips, founder of Project Censored: The Higher Education Fiscal Crisis Protects the Wealthy Police are arresting and attacking student protesters on University of California (UC) campuses again. “Why did he beat me I wasn’t doing anything,” screamed a young Cal Berkeley women student over KPFA radio on Friday evening November 20. Students are ...Read more.
On the Stimulus
Paul Krugman’s column in today’s New York Times is on the stimulus and the deficit, and how Wall Street is scaring the Obama administration into not doing the right thing with a second stimulus to create jobs. This article from Saturday’s Times indicates that there’s now a consensus among economists that the stimulus was a ...Read more.
No Need to Read Sarah Palin
Rudolph Delson over at The Awl has read it for you, in a real-time blog reading this weekend, with fabulous comments from The Awl’s witty subscribers. My favorite bit from Saturday’s posts: Delson compares the cover of Dave Eggers’ A Heartbreaking Work of Staggering Genius (“The Memoir that Began the Decade”) with the covor of ...Read more.
The Future of Economics (BBC Business Daily)
The BBC radio program Business Daily had a good segment on the future of economics, with good discussions of Keynesianism and behavioral economics (though not quite enough on heterodox approaches). The main off note (to my mind) was the bit with Michael Sandel, with his emphasis on the “normative” foundations of economics. I don’t think ...Read more.
Growing CA Student Protests Over Tuition Hikes
Student protests against the decision to hike student fees by 32% have spread from UCLA across the University of California system. The Indybay citizen media site has some of the most up-to-date info on the protests: 11/20 7am: At least 40 students have occupied Wheeler Hall on the UC Berkeley campus and are asking supporters ...Read more.
UCLA Students Protest 32 Percent Tuition Hike
Students at UCLA have taken to the streets and occupied buildings in protest of an announced tuition hike of 32 percent. At least 14 protesters have been arrested so far. Several students report being tased by police, according to the Daily Bruin. [youtube=http://www.youtube.com/watch?v=33UU6MKuWSE&hl=en_US&fs=1&]
