February 2012
2 tags
“You can’t say this settlement has anything to do with deterrence or is...”
– New York University Law professor Neil Barofsky, former special inspector-general of the Troubled Asset Relief Program, quoted by Mark Gongloff and Ben Hallman in Mortgage Foreclosure Settlement: Who Pays?
1 tag
“For all the talk in Washington about taxes and deficits, here is a place where...”
– Mary Williams Walsh in Jefferson County, Ala., Falls Off the Bankruptcy Cliff - NYTimes.com
1 tag
“So the real criticism embodied by current attacks on Bain Capital is not a...”
– Barry Schwartz in Economics Made Easy - Think Friction - NYTimes.com
2 tags
“Let’s see. Gramm pushed through the Commodities modernization act in Dec...”
– Linda Beale in Former Sen. Gramm retires from UBS | Angry Bear - Financial and Economic Commentary
1 tag
“For an individual company and its shareholders, there is no such thing as too...”
– Barry Schwartz in Economics Made Easy - Think Friction - NYTimes.com
1 tag
“On balance, however, the Australian employment system has, to date, served...”
– The working man’s paradise by Leith van Onselen | macrobusiness.com.au
1 tag
“ALL these examples tell us that increased efficiency is good, and that removing...”
– Barry Schwartz in Economics Made Easy - Think Friction - NYTimes.com
1 tag
“The options envisaged by the IMF include allowing Greece to capitalize accrued...”
– Costas Paris and Geoffrey T. Smith in IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020 - WSJ.com
1 tag
“Bringing back American manufacturing isn’t the real challenge, anyway. It’s...”
– Robert Reich : Manufacturing Illusions
1 tag
“Much more recently, financial markets have been all about efficiency. This is...”
– Barry Schwartz in Economics Made Easy - Think Friction - NYTimes.com
1 tag
“Another way of saying this is that the safety net worked – it got money to...”
– Mike Konczal in Two Comments on the New York Times Safety Net Article | Rortybomb
1 tag
“In short, the middle class is getting a larger proportion of “safety net”...”
– James Kwak in What Expanded Safety Net? « The Baseline Scenario
1 tag
“Free-market advocates tend to ignore the reality that market-generated...”
– Steve Roth in Innovation and Market Constraints: The Case for Artificial Selection | Angry Bear - Financial and Economic Commentary
1 tag
“No one really understands what drives the daily swings of the stock market,...”
– William Goetzmann, quoted in What Moves The Dow? Sunshine, Among Other Things. : Planet Money : NPR
1 tag
“At a basic level, this is all kind of terrifying. If top financial officials and...”
– Paul Krugman in Bubbles and Economic Potential - NYTimes.com
1 tag
“We consider the most recent strategic plan of the new C.E.O. Jon Corzine to be...”
– A Romance With Risk That Brought On a Panic - NYTimes.com
1 tag
“Simply put, 2011 was a terrible year for economic prognostication. With...”
– Ben Casselman and Phil Izzo, quoted by Barry Ritholtz in Surprise! Economists Are Not Good At Forecasting | The Big Picture
1 tag
“OK, first things first. Capital gains are not counted in GDP. The direct effect...”
– Paul Krugman in Bubbles and Economic Potential - NYTimes.com
1 tag
“So we have become a society in which less-educated men have great difficulty...”
– Paul Krugman (via azspot)
1 tag
“Last month’s historic protests, with millions of Americans registering their...”
– Parker Higgins in Dear Hollywood: An Open Letter to the Hardworking Men and Women in the Entertainment Industries | Electronic Frontier Foundation
1 tag
“We’ve seen this movie before, and we know how it ends. The right answer to the...”
– Parker Higgins in Dear Hollywood: An Open Letter to the Hardworking Men and Women in the Entertainment Industries | Electronic Frontier Foundation
2 tags
“I have lost more money to creative accounting, and American workers have lost...”
– Wil Wheaton, quoted by Parker Higgins in Dear Hollywood: An Open Letter to the Hardworking Men and Women in the Entertainment Industries | Electronic Frontier Foundation
1 tag
“So this is where we end up. Mitt Romney pays low tax rates on his capital gains...”
– Why Mitt Romney Should Pay Higher Taxes (via azspot)
1 tag
Universal health care, pro and con →
My basic argument is that, all other things being equal, it is better to have a society in which everyone has access to medical care than a society in which tens of millions of people can’t afford the medical care they need. I have cancer. Because I have Medicare and supplemental insurance, I can afford the hormone injections that keep it at bay. If I was one of the millions of Americans...
2 tags
“During the past 30 years, a growing share of the global economic pie has been...”
– Why economic inequality leads to collapse (via abaldwin360)
3 tags
“Our most dangerous opponents, in fact, look and speak like us. They hijack...”
– Chris Hedges (via azspot)
2 tags
“On the whole, ACTA negotiators created an agreement that shifts international...”
– Sean Flynn and Bijan Madhini in Act on ACTA: Access to Medicines
2 tags
“Beyond broadening the scope of copyright, patent and trademarks enforcement,...”
– Debunking the EU Commission’s Lies About ACTA | La Quadrature du Net
2 tags
“Executive pay at Britain’s top 100 publicly listed companies for 2010 rose on...”
– Julia Werdigier in In Britain, a Rising Outcry Over Lavish Executive Pay - NYTimes.com
2 tags
“If there’s one thing that encapsulates what’s wrong with the way government...”
– Maira Sutton and Parker Higgins in We Have Every Right to Be Furious About ACTA | Electronic Frontier Foundation
1 tag
“However, at the Fed’s September 2007 meeting, New York Fed president Timothy...”
– Is Decoupling Possible in a Global Economy? | The Big Picture
1 tag
“One of the questions that came up was fund manager under-performance. Starting...”
– Barry Ritholtz in Is Anyone Any Good at Picking Hedge Fund Managers? | The Big Picture
2 tags
“Public anger grew after newspapers reported plans for million-pound pay packages...”
– Julia Werdigier in In Britain, a Rising Outcry Over Lavish Executive Pay - NYTimes.com
2 tags
“I want to denounce in the strongest possible manner the entire process that led...”
– Kader Ari, former rapporteur for ACTA in the European Parliament, quoted by Maira Sutton and Parker Higgins in We Have Every Right to Be Furious About ACTA | Electronic Frontier Foundation
1 tag
“Europe got caught halfway in its integration process. The monetary union was (or...”
– Dani Rodrik in Eight Leading Economists Sound Off on Europe’s Fiscal Woes - The Daily Beast
2 tags
“The total amount of sovereign debt maturing in 2012 exceeds $1 trillion. We...”
– Is Decoupling Possible in a Global Economy? | The Big Picture
1 tag
“Credit default swaps further muddy the waters. The restructuring is being...”
– Peter Coy and Matthew Philips in A Greek Default: It’s a-Comin’ - Businessweek
1 tag
“The statute before us … does not encourage anyone to produce a single new...”
– Justice Breyer, quoted by Corynne McSherry in Supreme Court Gets It Wrong in Golan v. Holder, Public Domain Mourns | Electronic Frontier Foundation
2 tags
“Total average pay of chief executives rose 33 percent in 2010 while average...”
– Julia Werdigier in In Britain, a Rising Outcry Over Lavish Executive Pay - NYTimes.com
1 tag
“In Europe private debt has fallen much less and in some cases even risen. In...”
– Free exchange: The hangover | The Economist
2 tags
“Even so, do not dismiss the investigation out of hand because of the timing:...”
– Barry Ritholtz in A modern Pecora Commission to right Wall Street’s wrongs - The Washington Post