All That Is Necessary

Tag: Financial Meltdown

  • Global Warming and the Anthropogenic Financial Crisis

    When listening to President Obama’s dire predictions of “catastrophe” if a stimulus bill is not passed now now now now now, is anyone else reminded of the global warming debate? Even most skeptics about what Taranto calls “global warmism” would concede that there are valid reasons to want to reduce the use of fossil fuels […]

  • Obama’s Innovative Tax-Compliance Initiative

    Via Scrappleface.

  • Curse You, NY Post: I Had "Reign of Thain" First

    In 2007, when John Thain became the first outsider named to lead Merrill Lynch in the firm’s history, I called a bunch of former colleagues there, looking for the insider scoop on the company where I worked for 12 years. Making conversation, I said to a couple of people, “As a stockholder, I wish him […]

  • Grateful to Live in the Shining City on the Hill

    Conservative Peggy Noonan takes a step back from the gloomy economy and focuses on the big picture: People are angry but don’t have a plan, and they’ll give the incoming president unprecedented latitude and sympathy, cheering him on. I told a friend it feels like a necessary patriotic act to be supportive of him, and […]

  • Sorry, No Tears Here for Madoff’s Clients

    (After learning more about Madoff’s victims, I recanted in a later post — KP) Apparently regulators ignored warning signs for more than a decade while Bernie Madoff stole and/or lost as much as $50 billion of his clients’ money. Holman Jenkins explains why we should not waste our sympathy on the clients: There are costs […]

  • Autoworkers: “I’m Sticking to the Union… Till the Day I Die”

    (Welcome, Corner readers, and thanks to Cornerite Iain Murray for his continuing support. Thanks also to Mickey Kaus for linking, with a permalink no less — sorry about the crack below about the Kausfiles template!) In an article on Slate, Mickey Kaus explains why the Detroit automakers are in trouble: There are some obvious culprits: […]

  • Lobbying in Plain Sight: The Auto Bailout on Twitter

    Welcome, Twitterers, Diggers, Cornerites, readers from Social Media Today, Dalton’s Briefs, Northwest Indiana Politics, Kicking Over My Traces and others. If you enjoy this post, I hope you’ll take a look around the site. In addition to the auto bailout, I post a lot about the adventures of a red voter in a blue state, […]

  • "We simply cannot ask the American taxpayer to subsidize failure"

    You go, Mitch McConnell! Here’s hoping enough GOP Senators stay in line to filibuster the auto industry bailout. From another MM: The so-called “Wall Street bailout” was different — rather than being focused on particular companies, it actually was a rescue of the entire economy. (Ask somebody from Lehman Brothers if they feel “bailed out.”) […]

  • Eloquent Economic Commentary from Ayaan Hirsi Ali

    Ayaan Hirsi Ali, my hero, sings the praises of open markets in a tightly edited, 6-minute video on the Templeton Foundation site, part of a series of discussions about “big questions” such as “Does the free market corrode moral character?” English is at least her fourth language — she was born in Saudi Arabia, came […]

  • Holy Cow! We’re in a Recession!?!?

    Let’s drive the Dow down 680 points on this shocking news! It turns out that the commonly understood definition of a recession — two consecutive quarters of declining gross domestic product — isn’t the definition used by by the recession-calling National Bureau of Economic Research. Those worthies also consider the labor market, real personal income, […]