Word: systemic
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Well, we're not going to make the same mistakes. We're not going to let the banking system collapse; nor is anyone going to impale their economy on a fixed exchange rate; nor are we going to raise taxes in the middle of the depression. And we do have the IMF keeping international credit moving...
...worry is that in the 1920s, the banking system in the U.S. was about $50 billion, which was about 50% of GDP. The banking system and the shadow banking system now are about 150% of GDP. In Britain it's 350% of GDP. The worry is that the financial system has become so large relative to the size of central banks that we've created something of a Frankenstein. No one really knows whether we can handle a financial system that...
...Because interest rates are at zero. We've injected all this money into the banking system and banks have lost so much capital that their inclination is to hoard capital. It's going to be very hard to get it out the other end. That happened in 1932. By 1932, the Fed finally realized it had to do something, and there was a very large open-market operation - basically, buying bonds - and recapitalization of the banking system, and that stopped the run on the banks temporarily, but credit continued to decline...
Anticipating this problem, Vice President-elect Joe Biden announced last month that he will avoid the worst abuses of the political earmarking system. "Every dollar will be closely watched to make sure it's being used in an effective manner," Biden said. "I know it's the Christmas season, but President-elect Obama and I are absolutely, absolutely determined that this economic-recovery package will not become a Christmas tree...
...TIME says the Palestinians are unable to communicate as easily as they normally do. At the beginning of the ground offensive, Israel destroyed the cell towers of Gaza's cell-phone company. Hamas commanders, Israeli officials believe, have been reduced to sending messages by foot or using the landline system or walkie-talkies. The breakdown in communications means Hamas militants "are confused," according to the Israeli commander. "They spent the first few hours of our ground offensive working out where they were being attacked from." (Read "The Two-State Solution Now a Three-Way Stalemate...