Investors clamored last week to lend money to the German government for two years at no interest. Some investors accepted negative yields – meaning they gave Berlin a cut of…
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Suffering From Financial Repression
…may come as early as next month. The result has been record-low rates across the board. The Treasury can borrow money today for two years at less than 1 percent,…
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A Slow Slide To A Hasty Bankruptcy
Detroit’s long march to bankruptcy took nearly a half-century to complete before it ended last week in a race to a courthouse. Kevyn Orr, the city’s emergency manager, scrambled to…
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How TARP Staved Off Disaster
…as they went along. Mistakes were inevitable. Using TARP money to rescue auto companies was, I believe, questionable. Even with the new optimistic estimates, the Treasury still expects to come…
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Another Protest Movement Loses Its Way
…arrested. Critics of the law claim that it stifles freedom of expression and have filed a legal motion arguing that it is unconstitutional under Canada’s Charter of Rights and Freedoms….
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Traps And Opportunities In New Tax Law
High-income taxpayers will find traps as well as opportunities in this year’s first round of tax legislation, recently signed by President Bush. There may be more to come. The Tax…
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The Longest Year
…until March, some six months after Lehman’s implosion, for financial markets to stop reeling. The S&P 500 stock index opened 2009 just above 900, down from its all-time high of…
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YouPad, iDon’t
…I favor the Mac’s OS X operating system, I also value the ability to run Windows on this Intel-based full-strength computer, or to connect easily to my main office computer…
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