In 1951, Princeton economics major Jack Bogle wrote a senior thesis extolling the virtues of the small but growing mutual-fund industry. At the time the reigning view of the stock market was that expressed 1 1/2 decades earlier by the great
I’ve written in the pages of Time that this country should think about emulating the excellent Dutch pension system. Now Gautam Naik reports in the W$J that we might want to take a close look at the how the country does health care as well:
Since a new system took effect here last year, cost growth is projected to fall this year to about
Who cares about that Nardelli guy? This strikes me as a far more interesting hire by Chrysler/Cerberus:
James Press, the former head of Toyota’s North American operations, has been hired by Chrysler. He will share the titles of vice chairman and president with former Chrysler chief executive Tom LaSorda.
From an article in this morning’s NYT about proposed legislation on the way from the chairmen of the House and Senate banking committees:
The Democratic proposals would attack several practices that advocacy groups for low-income homeowners have singled out. The first is prepayment penalties, which are rare for borrowers with good credit
So there’s apparently this blogger who outs politicians. I’m probably the last person who’s heard of Mike Rogers and his blog, BlogActive. He’s gaining mainstream notoriety because he was the first to home in on Sen. Larry Craig for his anti-gay stances in this October 2006 post.
Some might say the personal lives of politicians are off …
We’ve had some chatter here about when financial regulation is called for and when it isn’t. Now the Roger Federer of economic pundits, the FT’s Martin Wolf, has weighed in on the topic:
… what does this event imply for the future of regulation? It is important to distinguish two objectives. One is to protect innocents. The investors
My family just got back from holiday in London. We took my mother-in-law, an ardent Anglophile who had never before been. She and my husband took in a day at the Tower, where they were guided by a yeoman of performance skills rivaling Albert Finney’s …
I went to a Sun Microsystems presentation for Wall Street analyst types this morning. I don’t often attend such events, and one could argue that, having already written one blog post about the company this year, I have dramatically overcovered it relative to the rest of corporate America. But they invited me, I didn’t have anything else …