October 27, 2011

Should Some Bankers Be Prosecuted?

Madrick & Partnoy, New York Review of Books

More than three years have passed since the old-line investment bank Lehman Brothers stunned the financial markets by filing for bankruptcy. Several federal government programs have since tried to rescue the financial system: the $700 billion Troubled Asset Relief Program, the Federal Reserve’s aggressive expansion of credit, and President Obama’s additional $800 billion stimulus in 2009. But it is now apparent that these programs were not sufficient to create the conditions for a full economic recovery. Today, the unemployment rate remains above 9 percent, and the annual rate of economic growth has slipped to roughly 1 percent during the last six months. New crises afflict world markets while the American economy may again slide into recession after only a tepid ...

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TAGGED: Lehman Brothers, USD, investment bank, US Federal Reserve


May 15, 2012
The Stubborn Persistence of Textbooks
Curt Hopkins, Ars Technica
Textbooks are a thing of the past, says the common wisdom. Well, the common wisdom of the Technorati maybe. The problem with that thinking is that the number one publisher in the world is Pearson, a textbook publisher, who... more ››
May 12, 2012
Secret History of the Pacific Northwest
Paul Constant, The Stranger
It will be easy for most readers to identify with the tension that builds early on in Jon Raymond's new novel, Rain Dragon (Bloomsbury, $16). The narrator, Damon, and his girlfriend, Amy, leave Los Angeles in search of a home in... more ››
May 11, 2012
Harry Potter Comes to Kindle
Carolyn Kellogg, Los Angeles Times
Amazon's Kindle lending library, the program in which Kindle owners who have access to the library can borrow e-books for free, announced Thursday that the Harry Potter books will be among its offerings. To access the lending... more ››