Federal Reserve System

Via Henry Farrell over at Crooked Timber,

Len Burman, James K.

By Evert Cilliers

Michael Blim 

As the battle of the bedpans drags on, consuming what little
is left of the short attention span of the Congress, Democrats are taking up
financial reform.

Representative Barney Frank is responsible for legislation
in the House and Senator Christopher Dodd in the Senate.

Michael Blim 

As the battle of the bedpans drags on, consuming what little
is left of the short attention span of the Congress, Democrats are taking up
financial reform.

Representative Barney Frank is responsible for legislation
in the House and Senator Christopher Dodd in the Senate.

For the first time in a while, there is some good news for the U.S. consumer and for companies that rely on consumer spending. One booster is the rapid recovery in stock prices, with the Standard & Poor's 500 index jumping 47 percent since its low point in early March.

by Evert Cilliers
There is a specter haunting the planet. It is the specter of the failure of Western capitalism.
All that is solid -- jobs, homes, retirement savings -- melts into air. Our cock-a-hoop capitalism is staring into a pesky abyss which is either Lacan's mirror or the funky Weltschmerz of its own rectum.
Yet far away in communist China, capitalism is alive and well -- maybe because China is not a democracy.
In Western democracies, capitalism is in crisis -- maybe because capitalism is not democratic.

Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, and Robin Wells

by Manisha Verma