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- Economists' 'moral hazard' applies only to the poor
- BOSTON -- I don't know too many economists who get confused with preachers. But there are times when they talk about virtue and temptation as if they were free-market holy rollers. Consider the phrase that has been popping up all over the Bear Stearns debacle: "moral hazard." No,...
- Research articles 2008-03-21
- German bank WestLB bails out units hit by US subprime woes
- FRANKFURT AFP — The regional German bank WestLB has drawn up credit lines for two troubled investment vehicles, Harrier Finance and Kestrel, a spokesman said Tuesday, as problems grow in the fallout from the US subprime home loan crisis. "WestLB has decided to make liquidity available to these two...
- Research articles 2007-12-04
- Emergency spending bill spotlights GOP division
- WASHINGTON -- The White House and Senate Republican leaders are gearing up to oppose a $106.5 billion spending bill for the war in Iraq and Hurricane Katrina this week because some lawmakers have added unrelated aid for farmers and fisheries, highways and ports. The unusual battle pits President Bush...
- Research articles 2006-04-24
- Bailing out Congress: an assessment and defense of the Air Transportation Safety and System Stabilization Act of 2001.
- This Note provides the first detailed account of the conception, impact, and success of the Air Transportation Safety and System Stabilization Act ATSSSA of 2001, an $18 billion federal bailout of the airline industry passed eleven days after the terrorist attacks of September 11. The Note argues that, far from...
- Research articles 2005-11-01
- New CEO's task: Move med center into the black
- The new interim chief executive officer of Westchester Medical Center says he'll lay the groundwork for generating annual profits during a eight-month term in which state and county officials are expected to complete a package of subsidies for the regional hospital. Michael D. Israel balked at setting a date for...
- Research articles 2005-07-25
- Chicago Tribune David Greising Column.
- By David Greising, Chicago Tribune Knight Ridder/Tribune Business News Sep. 28--Donald Carty gave me that clear-eyed stare, the way a big cat focuses just before the pounce. The American Airlines chief executive had come to O'Hare to hear President Bush...
- Research articles 2001-09-28
- Q: What's the best way to deregulate providers of electric power?
- Consumer choice and market competition are prized American values. Today, through scores of state-based reforms, the benefits of market competition are being extended to millions of electricity consumers. In just the last year, my home state of New Hampshire, along with Pennsylvania, Rhode Island and California, has initiated reform without...
- Research articles 1997-05-12
- Filling in the hollowed-out corporation: the competitive status of U.S. manufacturing
- The strength of the manufacturing sector of the U.S. economy is often underestimated. By the end of 1988, the rate of industrial production was 40 percent above the previous cyclical low and 24 percent over the previous cyclical high. The manufacturing sector today contributes just about the same proportion of...
- Research articles 1990-01-01
- Obama: We All Hated Bailout
- During his first State of the Union address, President Obama discusses the unpopular bank bailout - and his new proposed tax on big banks.
- Videos 2010-01-28
- Volcker Warns on Fragile Markets
- WASHINGTON (Reuters UK) - Failure to enact financial reforms to curb large banks' risky activities and allow them to fail without broad market disruptions will make the financial system even more fragile in the future, Obama administration adviser Paul Volcker said on Sunday.In an opinion piece written for The New...
- News items 2010-01-31
- State of the Union: How Well Has Obama Handled the Economy?
- On the eve of President Obama's first State of the Union address, we asked a number of top economists and commentators to assess his administration's stewardship of the economy. Here are the grades they gave him and their reasons. by Suzanne McGee
- Articles 2010-01-26
- Lawmakers Grill Geithner: Bipartisanship Is Alive
- I haven't been a big fan of Treasury Secretary Tim Geithner. Still, watching him provide testimony before the House Committee on Oversight and Government Reform made me realize that there's something worse than a regulator who goofed -- lawmakers grandstanding on their soap boxes about said goofs. ...
- Blog posts 2010-01-27
- Hank Paulson: We Really Were 'On the Brink'
- Former Treasury Secretary Hank Paulson's book "On the Brink" is available for purchase this week, and according to readers and reviewers - particularly those at CNBC - makes for compelling reading. Paulson, who served under former President Bush from 2006 to 2009 and was succeeded by President...
- Blog posts 2010-02-01
- G7 Wants Banks to Pay For Rescue
- By Louise Egan and Gernot HellerIQALUIT, Canada (Reuters UK) - The idea of a global tax on banks to recapture bailout costs gained ground on Saturday, boosted by the Obama administration's latest proposals, but there was no agreement on a specific design.Finance ministers and central bankers from the Group of...
- News items 2010-02-06
- U.S. Bank Bailout Encourages Risky Behavior: Watchdog
- WASHINGTON (Reuters) - The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government's bailout watchdog said in a quarterly report.A quarterly report to Congress on the $700 billion Troubled Asset Relief Program, or TARP, made available...
- News items 2010-01-30
- G7 Wants Banks to Pay For Rescue, Details Pending
- By Louise Egan and Gernot HellerIQALUIT, Canada (Reuters) - The idea of a global tax on banks to recapture bailout costs gained ground on Saturday, boosted by the Obama administration's latest proposals, but there was no agreement on a specific design.Finance ministers and central bankers from the Group of Seven...
- News items 2010-02-06
- Geithner Grilled Over AIG Bailout
- The Treasury Secretary answers lawmakers' questions about the government's rescue of AIG. Plus: Sales of new homes dropped a surprising 7.6% last month.
- Videos 2010-01-27
- U.S. Bailout Spurs Risk - Watchdog
- WASHINGTON (Reuters UK) - The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behaviour more likely, the government's bailout watchdog said in a quarterly report.A quarterly report to Congress on the $700 billion (437.5 billion pound)Troubled Asset Relief Program, or...
- News items 2010-01-30
- Lawmakers Turn Up Heat on Geithner Over AIG
- By Glenn Somerville and David LawderWASHINGTON (Reuters) - Lawmakers turned up the heat on Treasury Secretary Timothy Geithner over his role in the bailout of insurer AIG, challenging his claim he did not influence a decision to keep quiet AIG payments to big banks.Both Democrats and Republicans questioned whether Geithner,...
- News items 2010-01-27
- Geithner: Banks Must Pay Fully For Bailout
- By Glenn SomervilleWASHINGTON (Reuters) - The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, U.S. Treasury Secretary Timothy Geithner said on Tuesday.A proposed Financial Crisis Responsibility fee that is projected to...
- News items 2010-02-02
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