Exhibit A in Sen. Barack Obama's case that he is the women's candidate, despite Sen. John McCain's choice of Gov. Sarah Palin as his running mate, is that "she's opposed, like John McCain is, to equal pay for equal work."...
Arnold Kling of EconLog talks with host Russ Roberts about the economics of the housing market with a focus on the role of Fannie Mae and Freddie Mac...
The government’s planned financial bailout is a significant if costly step intended to avert economic calamity, but it may not be the last one, according to economists and finance experts...
In Ed Gramlich's book on the subprime market, he mentions almost in passing that HUD even required Fannie and Freddie to support the purchases of mobile homes, what are formally called "manufactured homes."...
In considering what needs to be done to improve the functioning of the financial system, it is necessary to distinguish steps to avoid a major depression in the near term from long run reforms of the financial system...
Obama’s constant deference to McCain as in “John is right…”; the worried side-looks over at McCain, who, in contrast, addressed the audience; and the desire for false intimacy (employing “John” instead of “Sen. McCain”) reflected the relative lack of gravitas on Obama’s part—something that transcends education, eloquence, and youthful vigor...
The roller coaster that is the 2008 presidential race has had more than its share of hair-raising twists and turns, but last week may have been the ultimate political thrill ride - one that could serve to define Republican candidate Sen. John McCain as either a bold risk-taker or an erratic, impetuous politician...
In this post, I provided excerpts from an article describing how Congress had leaned on Fannie Mae to encourage loans for mobile homes, known in the industry as manufactured homes...
Evangelicals for Human Rights, the National Religious Campaign Against Torture and the Center for Victims of Torture have drafted a declaration of principles its members want to see the next president include in an executive order on prisoner treatment, torture and cruelty...
Former Federal Reserve Chairman Alan Greenspan and former Treasury Secretary George Shultz urged lawmakers on Friday to move swiftly to agree on a bailout package for financial firms in the interests of the broader economy...
House Republican lawmakers today are set to resume participation in talks on a $700 billion rescue plan for the U.S. financial system, giving new momentum to forge an agreement...
Thursday night's negotiated sale of Washington Mutual to J.P. Morgan Chase was a nifty bit of financial plumbing that minimized the damage to taxpayers while putting a banking zombie in sounder hands...
For many years, Treasury Secretary Henry Paulson, his predecessors at Treasury, and other prominent American academics and financiers lectured China on the need to reform its financial system and how to do it...
Former Fed Chairman Alan Greenspan co-signed a letter calling for lawmakers to take action to relieve the financial crisis. Greenspan, along with former Treasury Secretary George Shultz and Robert Hall of the Hoover Institution, declined to back a specific plan, instead saying, “We endorse all plans that would preserve the key functions of the threatened financial institutions.” Full text of the letter follows:...
with John Abizaidvia UNR NevadaNews (University of Nevada)
Friday, September 26, 2008
John Abizaid, the longest-serving leader of U.S. Central Command (CentCom) and former top commander for the wars and counterinsurgency operations in Afghanistan and Iraq, will give a free presentation, “The Foreign Policy Challenges of our Next President,” on Oct. 1, 7 p.m., at the Joe Crowley Student Union Ballroom on the University of Nevada, Reno campus...
Former Federal Reserve Chairman Alan Greenspan urged lawmakers to back ``extensive'' measures to tackle the worst financial crisis since the 1930s and head off a recession...
Foreign ministers of nations that have ratified the Comprehensive Nuclear Test Ban Treaty appealed Wednesday to the nine remaining holdouts — including the U.S. — to endorse it...