PAUL KRUGMAN
The Path Not Taken
There were alternatives to the economic doctrine that championed bank bailouts and mass suffering from the public. Look at Iceland. 
Comment
CommentCommon Sense
The Spotlight Now Shines on Italy
By JAMES B. STEWART
It is up to Prime Minister Silvio Berlusconi to keep Italy from becoming another Greece and plunging the world into an even more devastating financial crisis.
It cannot be done.http://www.bbc.co.uk/news/business-15490890
28 October 2011 Last updated at 07:51 ET
Italy sells bonds at record high of 6% at auction
Stock markets were topsy-turvy on Friday, reflecting ongoing concern on the euro crisis Italy's cost of borrowing has reached a record high, despite the deal reached to contain the eurozone debt crisis.
Italy paid 6.06% to borrow for 10 years at an auction on Friday, the most since the euro was created in 1999.The rate jumped from 5.86% - the previous record high - at its last auction a month ago.
The auction came as stock markets failed to follow up on their global rally on Thursday, with shares in many European banks turning lower.
An interest rate of 6% and higher is generally considered to be unsustainable.
The Italian Treasury also failed to meet its borrowing target, having hoped to sell as much as 8.5bn euros ($12.1bn, £7.5bn) of bonds.
They only sold 7.9bn euros of the 10-year benchmark debt.". . .
http://ftalphaville.ft.com/blog/2011/10/28/715051/how-badly-do-you-want-efsf-first-loss-protection/
Cities get built for reasons. When the reason goes away, the city dies.
Thus we have ghost towns and Newark, N.J.
Clumps of the poor are called slums or migrant camps.
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Fewer Babies, for Better or Worse - Room for Debate
As European, Chinese and American women have fewer children, is the global economy endangered? Or is this easing the burden on a crowded planet? -
Destroying Houses to Save Cities - Room for Debate
Are banks helping or hurting a community by bulldozing foreclosed property? -
Don Stubbs
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How Visa, Using Card Fees, Dominates a Market
A simple, free market solution to credit card fee gouging would be to allow merchants to charge lower prices if a customer pays in cash. That way a CUSTOMER can make the choice about whether they want to pay for for the convenience of credit or debit cards. Visa and Mastercard's refusal to allow merchants to set lower prices for cash payments is tantamount to price fixing.
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Seizing an Opportunity to Revitalize Cities - Room for Debate
If we care about repositioning cites, then we need to ask: When will city erasure end and city visioning begin? -
Destroying Houses to Save Cities - Room for Debate
Are banks helping or hurting a community by bulldozing foreclosed property? -
Will
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
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A Vision Beyond Rebuilding - Room for Debate
Demolishing vacant foreclosed properties is a good first step, but it must be part of a larger strategy. -
jwdzzz
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Reagan's Deficit Dreamscape - Room for Debate
A man who made his political reputation by attacking “spend and tax” Democrats invented “spend and borrow” Republicanism.
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eDa
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Reagan's Deficit Dreamscape - Room for Debate
A man who made his political reputation by attacking “spend and tax” Democrats invented “spend and borrow” Republicanism."Unfortunately, Reaganomics did not work. When Reagan became president -- and began to cut taxes -- the federal deficit was 2.5 percent of the national economy. When he left, eight years later, the deficit was 5 percent of the economy. Interest payments on the debt jumped to $169 billion in 1988 from $69 billion in 1981. At the time, those were astonishing numbers, and they have exploded since.
That’s where we are now. The leaders of Reagan’s party -- he would be a left-wing Republican now -- seem to truly believe that they, and they alone, know the secret other politicians have sought: reduce the deficit, balance the budget and save the Republic."
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Bill Cunningham | Natty
Unless these fabrics are new
these cloths are wool.
A new old reason to spend.Moth and rust . . .
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