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Unfinished business (2): European banks

Thumbnail : Unfinished business (2): European banks

The latest quarterly review of the Bank of International Settlements (BIS) compares today’s European sovereign debt crisis with the 2007-2009 financial crisis. The BIS understands the European crisis as similar to the early phase of the credit crunch, in 2007.

Unfinished business (1): US banks

Thumbnail : Unfinished business (1): US banks

In a perceptive “Heard on the Street” column, the Wall Street Journal notes that credit continues to contract, despite government stimulus and Federal Reserve monetary expansion. The Journal says that a more thorough restructuring is needed if the US is to avoid a Japan-style “lost decade”. 

Bank loans and leases have ...

Democrats can’t count on Obama’s support in mid-terms

The Democrats look like they have a tough time ahead of them for the congressional mid-term elections in November.

In the Sunday New York Times Magazine, Matt Bai raised the question of whether President Obama will provide leadership and support for his fellow Democrats. Bai, an astute observer, writes:

Obama ...

This week’s articles of note

“America’s right: the risks of “Hell no!”, The Economist

“‘The time we have is growing short,’” The New York Review of Books, by Paul Volcker

“Crisis analysis: views from a non-risk manager,” Risk Professional, by Michael J. Panzner

“The end of men,” The Atlantic, by Hanna Rosin

“The death ...

“Team America” goes to South Africa

(Hat tip: Marbury)

“Addicted” to gadgets?

There’s been much written lately about the impact of electronic gadgets on our everyday lives.

First, there have been reviews and articles about Nicholas Carr’s The Shallows: What the Internet is Doing to Our Brains. Second, the New York Times ran a long feature on Monday called “Hooked on ...

Exclusive: Spike Lee wants US soccer team to wear “BP Sucks” shirts vs. England

Thumbnail : <i>Exclusive</i>: Spike Lee wants US soccer team to wear “BP Sucks” shirts vs. England

I did not attend last night’s Brooklyn Blogfest event (my invitation must have got caught in my spam filter). But my spy tells me that film director Spike Lee, the keynote presenter, took the occasion to bash the British about the Gulf oil spill. In doing so, Lee joined a ...

Criticism of Israel gives Washington cover to intervene more in Middle East

Leaders of the European powers were forthright in criticizing Israel’s raid on the Gaza-bound flotilla. French President Nicholas Sarkozy condemned “the disproportionate use of force,” and British Prime Minister David Cameron called the raid “completely unacceptable”. In contrast, President Obama’s response was more circumspect. A White House statement called the ...

This week’s articles of note

“Obama’s youth brigade burns out,” Daily Beast, by Dayo Olopade

“The Tea Party movement isn’t racist,” The New Republic, by John B. Judis

“The beholden state: how public-sector unions broke California,” City Journal, by Steven Malanga

“Happy now?: what’s at stake in America’s battle over free enterprise,” National Review, ...

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 ...

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