http://www.berkeleydailyplanet.com/issue/2008-10-09/article/31297?headline=News-Analysis-Who-Manages-the-Economy-Better-Republicans-or-Democrats- anomie: Highest growth in GDP - Truman, D US's Debt Clock runs out of digits. Mutiny_: Rolls over to zero. "Problem solved!" exclaims Bush. Global financial meltdown averted as drunk points out ‘It's all just made up numbers innit?’ Councils 'not reckless with cash' Oliver: "Local authorities have not been "reckless" in investing more than £840m with Icelandic banks that have now failed, the government has said." NYT: The Reckoning: Taking Hard New Look at a Greenspan Legacy seti: Money quote: "Clearly, derivatives are a centerpiece of the crisis, and [Alan Greenspan] was the leading proponent of the deregulation of derivatives," said Frank Partnoy, a law professor at the University of San Diego and an expert on financial regulation. |