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Written by Kathleen Packard
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Wednesday, September 05, 2012 |
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The fluffy clouds hung over the Grand Tetons last week. Outside Jackson Lake Lodge, there is an unparalleled view of the majestic mountains where tourists gather each morning to watch the sun splash the peaks with glorious color.
Inside the lodge, there was less light. “Federal Reserve Chairman Ben Bernanke gave no hint Friday as to whether the central bank was leaning toward easing fiscal policy again in an effort to rouse the sleepy U.S. economy,” wrote Fox Business Channel´s Dunstan Prial. “Instead, in a cl Read more |
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Written by Kathleen Packard
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Monday, August 27, 2012 |
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Paul Krugman is always provocative. He got into a snit with Estonia’s president in June after Krugman decided to call the country “the poster child for austerity defenders” in his blog. Estonia President Toomas Hendrik Ilves went into full tweet mode. “Like the Queen of England, Ilves has only a bully pulpit,” reported Bloomberg Businessweek. “On June 6, standing in front of the Riga Radisson, he linked to Krugman’s post and wrote five tweets in 73 minutes.” The Co Read more |
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Written by Kathleen Packard
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Monday, August 06, 2012 |
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They call her the “Flying Squirrel.” She has been turning cartwheels since she was three – only 11 years ago. Gabby Douglas was not supposed to be American team leader for women gymnasts – much less the winner of the gold medal for the all-around. But Gabby can twist and twirl better than the Federal Reserve.
While Gabby was doing her thing, the New York Times reported that elsewhere in London the manager of a major hedge fund at Moore Capital Management, returned $2 billion to investors because Read more |
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Written by Kathleen Packard
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Wednesday, April 18, 2012 |
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The RMS Titanic received warnings of floating ice before the fateful day of April 14, 1912. The ship was labeled unsinkable and its crew acted as if they believed it indeed was. When the S.S. Titanic hit an iceberg, it was steaming at full steam. There were not sufficient lifeboats for all the passengers as the sinking ship’s bow headed down and its stern flipped up. A total of 1512 passengers and crew died.
Like the dollar, the Titanic was not designed for the serious and multiple dangers that it encountered. And no rescue Read more |
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Written by Ralph J. Benko
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Tuesday, April 17, 2012 |
 "The appeal of the historic gold standard lay in an institutional capacity to build confidence." -- Professor Harold James
In October 1990, then Professor Ben Bernanke co-authored with Professor Harold James NBER Working Paper No. w3488 entitled The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison. Its abstract notes, in part, that "Recent research has provided strong circumstantial evidence for the proposition that sustained deflation -- the result of a mismanaged Read more |
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