Bill Frezza Asks: What is the Moral Foundation of Your Economic Beliefs?

August 24, 2009

“Do you think wealth can only be created off the backs of the poor? Is there a fixed amount of wealth in the world for all to share? If so, where did it come from and how has mankind been getting richer for the past 200 years?” Bill Frezza poses a few difficult questions.

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Coffee and Markets: A Daily Podcast

August 23, 2009

Over at The New Ledger, Senior Editor Francis Cianfrocca and I have been doing a daily podcast called Coffee & Markets for the past four weeks. You can listen to the latest edition here. Francis is a brilliant venture capitalist and old Wall Street hand who’s now a tech businessman in New York, and his […]

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Lender of Last Resort No More? The Independence of the Fed at Risk

August 21, 2009

“Over many decades and especially in this financial crisis, the Fed has used its balance sheet to be a classic lender of last resort. But its ability to do so depends upon its economic credibility and political independence, attributes the Fed has compromised in this crisis.” We saw what happened with TARP. Should be fun.

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The Great Migration: Bankers Shift in Wake of Fears

August 21, 2009

From the ashes, fire: “Dumped by Wall Street giants, bankers are landing at firms such as Mesirow, Knight and Stifel. The transplants–and their new employers–are exploiting the market disarray by trying to win new clients…’The carnage of last year is going to open up the playing field for all of these guys.’”

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Obama's Ratings Sink Along With Dislike for His Health Care Plan

August 21, 2009

ABC/WaPo poll: “Fewer than half of Americans, 45 percent, support reform as it’s been explained to date, while 50 percent are opposed – with many more “strongly” opposed than strongly in favor, 40 percent vs. 27 percent.” Obama’s rating on health care alone has dropped 17 points among independents.

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Justice Department Looking Into Whether Attorneys Broke Law at Guantanamo

August 21, 2009

This seems unwise: “The Justice Department recently questioned military defense attorneys at Guantanamo Bay about whether photographs of CIA personnel, including covert officers, were unlawfully provided to detainees charged with organizing the Sept. 11, 2001, attacks, according to sources familiar with the investigation.”

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Amateur Hour at the White House: What Kind of Expectations Did They Have About Health Care?

August 21, 2009

Jay Cost is shocked to learn that the White House had such ridiculous expectations regarding the reactions of their own party to their health care plan. “How could they not have anticipated this? How could they possibly have been surprised that the left and right flanks of the party would not see eye to eye?”

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The Path to Republican Revival, Courtesy of the Bush Speechwriting Department

August 20, 2009

Wehner and Gerson offer their thoughts. “Behind and beyond all these difficulties, the GOP has been facing even more fundamental problems. The first might be called the curse of policy success…A second problem is demographic.” Much of their solutions are tied to outward “reform,” but has the Republican Party reformed itself internally yet?

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Bing Continues to Gain Shares of the Search Market, but Nothing That Should Scare Google

August 18, 2009

“Microsoft’s (MSFT) Bing gained share in the search market for the second month in a row. A good trend, but nothing that is going to make Google (GOOG) nervous yet. And neutral to modestly negative for Yahoo (YHOO).” It’s still hard for us to see how Bing successfully takes on the dominance of Google.

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Afghanistan Bomb Attack Kills NATO Troops, in Run Up to Thursday Elections

August 18, 2009

“Two Afghan United Nations staff members were killed and another was wounded, the UN said. Zabiullah Mujahid, a Taliban spokesman, claimed responsibility for the blast in a telephone conversation with the Associated Press.” The bombings that have already claimed other lives should be expected to continue in the run up to Thursday’s elections.

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