Word: bankses
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Praising China's use of moral suasion to persuade the banks to cut back on lending instead of resorting to the blunt instrument of raising interest rates, ING sees GDP returning to its trend growth of 10% next year. The Shanghai index now "rests two standard deviations below the trend...
But some researchers feel the data are now convincing enough to spur large policy changes. The Lancet study, for example, found that investment in active labor-market programs like welfare-to-work reduces the effect of unemployment on suicide rates. This link is displayed in Scandinavian countries with strong welfare...
Some of his targets were old reliables like Bill Clinton, fresh from his diplomatic jaunt to North Korea. ("We need to bring two hot Asian chicks back from North Korea in a private jet," said Smith, imagining the genesis of Clinton's recent mission. "Who should we get?") He delved...
The confounding thing, of course, is that after the bailout of AIG, Goldman got $12.9 billion from AIG in the form of collateral that Goldman already had in its possession and a cash settlement of ongoing margin disputes. "The fact of the matter is, we already had the collateral," Blankfein...
So Nasuk is definitely going to be on my panel, along with me, Abdul, Donald Trump and, because of the aesthetic plastic-surgery decisions, Tyra Banks. And while our triage will shorten some lives, we'll lengthen and improve many more. But if Americans would rather take a phony moral...