finance
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The New York Times on homeowners, lost equity, and scaled-back lifestyles. The article focuses on Reno, Nevada, where I recently moved, describing a recent decline in consumerism.
(0) # 11/8/2007
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In light of the Federal Reserve's recent injection of $38 billion dollars into troubled financial markets as a result of the subrime loan bubble, economists Gary Becker and Judge Posner both have criticized government bailouts. My friend Matt (scary shit) put it succinctly as thus: the government is subsidizing the risk but privatizing the profit of financial institutions.
(40) # 8/19/2007
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Tom Wolfe on the latest Masters of the Universe phase: the hedge fund manager.
(0) # 4/18/2007
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