Word: marketized
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Should the government be bailing out troubled banks or letting them fail? I'm opposed to the government bailing out firms that should be shut down because they are basically insolvent. A firm that's insolvent should be encouraged to file for bankruptcy and rid the market of an institution that's using resources that could be better used by productive firms...
...think the auto industry should not have been bailed out? If GM was on the verge of bankruptcy, it should have been shut down. There's all this capacity in the production of cars, but there isn't a market that can absorb all that these firms are prepared to produce. If jobs are lost, then jobs are lost because these are firms that cannot exist, because there is insufficient market demand for their product. And if there is no such market demand, they should not be allowed to exist. Let the market decide if these firms deserve to exist...
Should more steps be taken to stop the foreclosures? Or would it be better for the foreclosures to proceed? One of the things that can be done to make the housing market more stable is if something is done to limit the foreclosures. There's been a lot of rhetoric about helping mortgage holders who cannot maintain their monthly payments on the mortgage, but very little, in fact, has been done to help them. If they've really got a program now that will work, that will help to stabilize the housing industry, and that will improve chances...
...interview in late April, Light said that the Business School considered adding a section in 2008, but decided against it after evaluating many factors, including the strength of the job market...
...nowhere has the mania reached a more fevered pitch than in Ghana, where Obama is due to arrive on July 10 on a one-day trip to Africa - his first as President - direct from this week's G-8 summit in Italy. The market stalls in the capital, Accra, are brimming with souvenirs, including a button with the words "God's Chosen Presidents," showing a montage of Obama and Ghana's new President, John Atta Mills, who took office in January, just two weeks before Obama's Inauguration. "The radio stations continuously mention his visit and play excerpts from...