Word: exchangee
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There's nothing like financial Armageddon for reviving the work of an old economist. Amid the recessionary doom and gloom, the world has channeled Adam Smith, dusted off John Maynard Keynes and revisited Eugene Fama. In recent days, it's been James Tobin's turn. Close to four decades since...
Why the poor reception? For a tax that's attracted high-profile backers like Brown and Sarkozy, its track record is thin. When Tobin first proposed the idea in 1972, it was seen as a way to stop currency speculators after the collapse of the Bretton Woods system of fixed...
This exchange, though brief, aptly summarizes the overall experience of watching this film. It begins with high hopes for artistry and authority, makes plodding steps toward achieving these goals, and remains largely unsuccessful. The audience patiently grants the film time to develop, but instead of maturing, the plot slowly abandons...
In the wake of the financial crisis, prosecutors again hoped e-mail would point to wrongdoers. In mid-2008, the Securities and Exchange Commission released e-mails that seemed to show that analysts at credit-rating agencies understood that the mortgage bonds they were rating AAA were actually much riskier...
If the Stupak Amendment is to survive into the final version of the health care bill—after the separate House and Senate bills are reconciled in conference—it would decrease the number of insurers providing coverage of abortions for women, since virtually all insurers would have...