[Update: My follow-up post outlines the WSJ`s report and chief recommendations.] I thought I`d elevate what was a side and closing comment on Stephan Kinsella `s Avatar thread , about an appalling group of articles at the Wall Street Journal, which seems to have absolutely no clue about how the financial...
I commented last week on a blog post by leftist Aussie economist John Quiggin , who blamed the financial collapse on investment banks, and suggested that either: (i) investment banking should be much more heavily regulated ("Properly done, regulation of this kind would kill off investment banking...
I just ran across an interesting speech and related commentary provided last month at TED by behavioral economist Dan Ariely , professor at MIT and author of Predictably Irrational . Both the speech and the commentary are worth a look. Ariely's speech, billed as "Why we think it's OK to...
A few items of interest have come to my attention regarding the TVA's massive spill last December 22 of wet coal fly-ash into a lovely river area near Kingston, TN (about 35 miles west of Knoxville, at the junction of the Emory and Clinch Rivers). The collapse of a retaining wall released over five...
[Update: Links fixed] Bloomberg reported on March 6 that Former Fed Chairman Paul Volker, in proposals to the Obama administration regarding financial regulatory reform that were included in a January report he wrote with the "Group of 30", commented that: the financial industry’s problems...