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Archive for June 2010

Finding scandal where there isn’t

First, it was revealed that the White House orchestrated a job offer to senate candidate Joe Sestak, in the hope that he would stand down from the Pennsylvania primary. Now, there are reports that White House deputy chief of staff Jim Messina encouraged Colorado Democrat Andrew Romanoff to pursue one of three international development jobs, […]

The human element in baseball

It was the perfect game – that wasn’t. Detroit Tigers’ pitcher Armando Galarraga was one out from “baseball immortality” – from joining only 20 pitchers in the history of the game that have thrown a perfect game (retiring all 27 batters). But the 27th batter was called safe by umpire Jim Joyce, in what was […]

Roubini on financial reform

Here is Nouriel Roubini speaking recently about financial industry reform. Reasonable, and goes further than the legislation currently being proposed. However, I think we need to be skeptical about how much good breaking up the large institutions will do for preventing another meltdown. As long as the productive economy is undynamic, finance will grow relatively; and as […]

Will eurozone crisis go global?

Interesting BBC discussion on the potential global implications of the eurozone crisis, with British economist Philippe Legrain, Italian politician Emma Bonino and Irwin Steltzer of the Hudson Institute. I doubt if enlightened government action is enough to stop economic fallout from the necessary deleveraging. And beyond the short-term crisis, the only way to get over the negative impact of deleveraging is […]

US economy’s artificial growth

James Bianco has an interesting post over at The Big Picture, entitled, “How much economic growth is ‘artificial’?” The answer: a lot. Bianco highlights the findings from the recent Congressional Budget Office report, Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2010 Through March 2010. He concludes […]

Obama and emotional correctness

When it comes to assessing President Obama’s response to the Gulf oil spill, many pundits are asking whether the president is being sufficiently emotional in his response.  In the New York Times, Charles M. Blow writes: “There are many things at which the president is extraordinarily gifted. Emoting isn’t one of them.” Blow says that […]

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