Both Gillian Tett and IMF chief Dominique Strauss-Kahn make the argument in today’s FT that the G-20 leaders are in denial about the toxic assets clogging up the global financial system. (Don’t they mean legacy assets?) Strauss-Kahn describes the problem: The US . . . is rightly insisting on stimulus and the EU rightly insisting [...]
TIME White House correspondent Michael Scherer, on the scene with all the big cheeses in London, has written a really smart piece on the once yawn-inducing, now possibly all-important issue of global capital-flow imbalances. My contribution? Sneaking a plug for Martin Wolf’s new book into the last paragraph.
I missed this yesterday. From Paul Krugman: So in 2007 the Pension Benefit Guarantee Corporation — which stands behind corporate pensions — switched from bonds only to lots of stocks, buying in at, natch, the peak of the market. Oops. And this is big stuff: the Bush administration may have left us all a gratuitous [...]
One of my TIME overlords called me this afternoon to say that he had read James Surowiecki’s thoughtful defense of the Geithner plan in the latest New Yorker and Joe Stiglitz’s thoughtful attack on it in today’s New York Times and the juxtaposition made his head hurt. Welcome to my world, I more or less [...]
I spent a reasonably pleasant half hour earlier today taping this week’s edition of On the Line, “The International Public Affairs Talk Show,” which will air starting tomorrow night on your local Voice of America station. (What, you don’t have a local Voice of America station? Try online.) The subject matter was the Chrysler/GM takeover/bailout/bankruptcy/whatever, [...]
Big news from London: Consolidating its position at the cutting edge of new media technology, the Guardian today announces that it will become the first newspaper in the world to be published exclusively via Twitter, the sensationally popular social networking service that has transformed online communication. The move, described as “epochal” by media commentators, will [...]
