Category: US News

Month in Review January, 2010: Part 1, seeing the forest

18 February, 2010 (10:49) | Essential posts, Legislation and policy, Month in review, Predictions, Speculation, US News | No comments

By: David A. Smith
 
[A full year's Month in Review available here: Dec 09, Nov 09, Oct 09, Sep 09, Aug 09, Jul 09, Jun 09, May  09, April 09, Mar 09, Feb 09, Jan 09.]
 
A blog is pointillist – sparkly bits of insight (we hope) collected by the roving eye of an intellectual crow.  Yet [...]

A win is a win: Part 2, what didn’t happen

17 February, 2010 (10:40) | Bernanke, Capital markets, Federal Reserve, Housing, Inflation, Policy, US News | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Yesterday, examining the New York Times‘ reporting of Ben Bernanke’s reconfirmation as Federal Reserve Chairman, we saw that the Times focused on what happened – a 70-30 final vote – rather than the mountainously glaring things that didn’t happen:
 

“But the Senate did nothing at the hearings.”
“That was the [...]

A win is a win: Part 1, what happened

16 February, 2010 (13:07) | Bernanke, Capital markets, Federal Reserve, Housing, Inflation, Policy, US News | No comments

By: David A. Smith
 
It’ll go down in the box score as a line drive, baseball announcers chortle when a seeing-eye dribbler finds the hole between shortstop and third – as if claiming a base that way is somehow unmanly. 
 

Doesn’t look unmanly to me
 
Yet newly reconfirmed Chairman Ben Bernanke knows, as I wonder how many [...]

Proposing the Financial Invention Review Board: Part 2, requirements

9 February, 2010 (11:36) | Homeownership, Markets, Rental, Subprime, US News | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Yesterday, riffing off a thought-provoking Harvard Business Review op-ed by Lawrence Candell from MIT’s Lincoln Laboratories, we envisioned the composition of a Financial Invention Review Board (FIRB), and bestowed upon it hypothetical powers.
 

“That’s a lot of powers!”
 
Creating a new entity and bestowing upon it such far-reaching powers will [...]

Proposing the Financial Invention Review Board: Part 1, powers

8 February, 2010 (10:41) | Homeownership, Markets, Rental, Subprime, US News | No comments

By: David A. Smith

 
Before we unleash a new financial drug on the world, might it require some clinical field trials?   That question lies behind a fascinating Harvard Business Review op-ed by of all people and places, Lawrence Candell from MIT’s Lincoln Laboratories:
 
What can you do in a democracy when you rely on the private sector [...]