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 loss of hundreds of
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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 said. Regular readers of this …
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 …