[PEN-L] Sub-prime conspirator lands $40m windfall enabling him to go away and have some fun.

I would want him to stay until the deal gets done and then probably I would guess that he would want to go have some fun, said Bank of America's chief executive, Ken Lewis. What else did you expect? Prison? Sub-prime supremo lands $40m windfall · Countrywide boss told to go away and 'have fun'

Re: [PEN-L] Query on Recessions

CB: Until the 30's and 40's isn't it true that the government didn't solve recessions , rather they were resolved by the businesses themselves ? True, except that military spending rose during wars, encouraging economic booms (e.g., WWI). The Fed didn't really have the power to do anything

[PEN-L] the other side's view

Workers' paradise? Kenneth Rogoff The GUARDIAN / January 13, 2008 2:00 PM http://commentisfree.guardian.co.uk/kenneth_rogoff/2008/01/workers_paradise.html Will the political resurgence of labour unions throw a wrench into the wheels of globalisation? Or will their growing strength serve to make

Re: [PEN-L] Query on Recessions

Jim Devine wrote: Or is there really a lot of forest fire fuel piling up somewhere so that there will be a really big one ? it's mostly in the form of excessive and shaky consumer debt and bank assets that turn out (or will turn out) to be bad. Ordinary recessions do not, I think, have

Re: [PEN-L] Query on Recessions

You can look to California to see one kind of response to ordinary recessions. Arnold is planning to make massive cuts, concentrated on k-14 education, Medi-Cal, and welfare. Almost everything will hit the poor especially hard. And the Dems have protested, but cannot raise taxes without 2/3

Re: [PEN-L] Query on Recessions

Michael Perelman wrote: You can look to California to see one kind of response to ordinary recessions. Arnold is planning to make massive cuts, concentrated on k-14 education, Medi-Cal, and welfare. Almost everything will hit the poor especially hard. And the Dems have protested, but

Re: [PEN-L] Query on Recessions

All repub. legislators signed a no-tax pledge. On Sun, Jan 13, 2008 at 06:07:39PM -0800, Jim Devine wrote: the question is whether some of the GOPniks can be dislodged from their absolute Rejectionism, their opposition to any and all tax increases. Some, more charitable, observers think that

Re: [PEN-L] the other side's view

You learn something new every day. Rogoff teaches us that union member is Columbia are relatively safe that the violence they experience comes from the rebels. Huh. Union leaders have a very short life span the paramilitaries kill them. Here is what he said: A case in point is union

Re: [PEN-L] Query on Recessions

Michael Perelman wrote: All repub. legislators signed a no-tax pledge. hey, if Mitt Romney can be an opportunist, so can they. -- Jim Devine / Segui il tuo corso, e lascia dir le genti. (Go your own way and let people talk.) -- Karl, paraphrasing Dante.

[PEN-L] Culturnal homogenization/hybridization -- some incomplete thoughts.

http://www.thaistudents.com/newsphotos/counterfeit.jpg http://tinyurl.com/26fcam - Greetings Economists, On Jan 12, 2008, at 9:02 AM, Jim Devine wrote: Modern communications definitely plays a role in homogenization of culture. BTW, homogenization

Re: [PEN-L] the other side's view

I would say he is invincibly ignorant. Gene Coyle On Jan 13, 2008, at 6:28 PM, Michael Perelman wrote: You learn something new every day. Rogoff teaches us that union member is Columbia are relatively safe that the violence they experience comes from the rebels. Huh. Union leaders have a