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Global Warming and the Anthropogenic Financial Crisis
15 comments on Global Warming and the Anthropogenic Financial CrisisWhen 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…
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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…
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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,…
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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…
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"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…
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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…
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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…