Credit Writedowns

If you listen to the criticism from the right and from the left, from pro-regulation and anti-regulation pundits, you can understand the political constraints which produced the white paper which the President unveiled yesterday.  Given…

This is the video via Bloomberg News.  I will have more to say later today or tomorrow and provide a clip from a BBC Radio Five Live interview I did immediately following the speech.

Having read through the draft of President Obama’s financial regulatory proposal, my initial reaction is largely positive.  He sets the right tone and says all of the right things.  However, the devil is in the details and we will need to…

A full draft is now available at the New York Times here.  Speech is scheduled for 12:30PM with Obama speaking at 12:50PM.  I expect to be giving a reaction via BBC News Five Live at 1:20PM EDT/620 UK time.

This morning I was reading Simon Johnson’s excellent post “President Obama’s Regulatory Reforms Announcement: A Viewer’s Guide” about what Barack Obama should say when he makes his regulatory reform pitch today at 12:30 PM.  I agree…

The slum solution to housing crisis in Argentina "Without space to accommodate new housing in its intricate corridors and dirt roads, the shanty towns of Buenos Aires have grown upwards." TweetDeck Desktop…

This comes via the Financial Times: China has introduced an explicit “Buy Chinese” policy as part of its economic stimulus programme in a move that will amplify tensions with trade partners and increase the likelihood of protectionism…

The video below comes via FORA.tv (FORA stands for Feed Your Inner Genius).  It is of Christina Romer making the case for Obama’s health care plan at the Commonwealth Club.  This video runs over one hour, and so, should give you a fairly…

The Washington Post is reporting that the Obama administration has rejected initial pleas from the State of California for U.S. Government aid. However, the post report reveals that Tim Geithner told California it must make get its fiscal…

Yesterday, I argued that the United States faced a policy dilemma in avoiding debt deflationary forces while maintaining fiscal prudence. The reality is that President Obama faces political constraints in Washington right now regarding…