Archive for the ‘Illegal Immigration’ Category
Court throws out city’s illegal immigration law
Posted by kingkull on July 27, 2007
Posted in Illegal Immigration, Law | Leave a Comment »
Delightful advancement
It’s time to dream into action
Causes of the Financial Crisis- naked capitalism: More Discussion of Why the Bailout Bill Will Not Help Money Markets, Commercial LendingWhen Paulson dumps out his 700 billion in treasuries it's going to be at the short end. That will drive up rates for short-term treasuries. This will obviously draw even *more* deposits into the treasury MMs. That means even less in the commercial MMs and thus less working credit, the eventual commercial MM product. Hence Paulson's billions remove […]
- AEI - Short Publications - Not (Yet) a 'Minsky Moment'We are currently experiencing a liquidity shock to the financial system, initiated by problems in the subprime mortgage market, which spread to securitization products more generally--that is, mortgage-backed securities, asset-backed securities, and asset-backed commercial paper (MBS, ABS, and ABCP). Banks are being asked to increase the amount of risk that […]
- AEI - Research Areas - The Cascading Financial Crisis: A Review of Work from the American Enterprise InstituteThe subprime crisis could not remain isolated for long. One recent financial innovation was securitization of mortgages. Mortgages--including the huge number of those that were subprime--were packaged into securities and sold to investors throughout the financial system. All of the major investment banks' balance sheets had large swathes of mortgage-bac […]
- AEI - Short Publications - The Last Trillion-Dollar CommitmentThe government takeover of Fannie Mae and Freddie Mac was necessary because of their massive losses on more than $1 trillion of subprime and Alt-A investments, almost all of which were added to their single-family book of business between 2005 and 2007. The most plausible explanation for the sudden adoption of this disastrous course--disastrous for them and […]
- AEI - Short Publications - PanicThe proximate problem is simple, but the legislative solution being proposed by Paulson--a big bailout for holders of mortgage securities--is going to be messy and expensive. The underlying problem remains the continued drop in house prices, which has severely curtailed the liquidity and value of trillions of dollars of mortgage-backed securities (MBS) held […]
- AEI - Short Publications - The Subprime TurmoilWith respect to origins, the primary novelty is the central role of agency problems in asset management. In the current debacle, as in previous real estate-related financial shocks, government financial subsidies for bearing risk seem to have been key triggering factors, along with accommodative monetary policy. While government encouragement of risky borrow […]
- Subprime: Turmoil or 'Minsky moment'? | vox - Research-based policy analysis and commentary from leading economistsThe late Hyman Minsky developed theories of financial crises as macroeconomic events. The economic logic he focused on starts with unrealistically high asset prices and buildups of leverage based on momentum effects, myopic expectations and widespread overleveraging of consumers and firms. When asset prices collapse, the negative wealth effect on aggregate d […]
- AEI - Short Publications - Deregulation Not to Blame for Financial WoesIf the Democrats had allowed the Fannie and Freddie reform legislation to become law in 2005, the entire financial crisis might have been avoided
- Root causes of the current global financial crisis | Ya Libnan | Lebanon News Live from BeirutAnd so the real question is not why is it that consumers acted "irresponsibly" by agreeing to take on risk that they could not handle; the real issue is to find out what were the conditions that led the financial institutions to lure the unsuspecting consumer to carry excessive debt burden. Furthermore, the reason the crisis could not be contained […]
- naked capitalism: More Discussion of Why the Bailout Bill Will Not Help Money Markets, Commercial Lending
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- German exports up 3.8 percent in SeptemberGerman exports rose 3.8 percent on the month in September, official data showed Monday, a performance that beat economists' expectations and underlined an improving outlook for Europe's biggest economy.
- Philadelphia transit system running as strike endsRepresentatives of Philadelphia's transit system and its largest union signed a contract early Monday, bringing an end to a strike that idled the city's subways, buses and trolleys for six days.
- Dish Network 3rd-quarter profit fallsDish Network says third-quarter profit fell 12 percent as its subscriber base edged up.
- World markets get G-20 boostWorld stock markets rose Monday after the Group of 20 leading rich and developing countries agreed to maintain their stimulus measures in the wake of weak U.S. employment figures.
- BMW October sales up 2 pct; Audi up 0.4 pctGerman carmakers BMW AG and Audi AG said Monday their October sales improved as the global downturn showed signs of waning and demand for luxury cars improved.
- Sonova to buy Advanced Bionics for $489MSwiss hearing aid firm Sonova Holding AG said Monday it is buying cochlear implant maker Advanced Bionics Corp., based in California, for $489 million in cash.
- Deadline looms for Kraft to make Cadbury bidA deadline loomed Monday for Kraft Foods Inc. to make a formal offer for British candy maker Cadbury PLC or walk away for six months.
- Oil prices near $79 on US hurricane, weaker dollarOil prices climbed toward $79 a barrel Monday in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico.
- Stock volatility is back, a sign of an aging bull?Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.
- House health bill unacceptable to many in SenateDon't look for the Senate to quickly follow the House on health care overhaul.
- German exports up 3.8 percent in September
