Financial Crisis by JT

Iceland Economy Melts Away Like an Owsley Gooniebird

Iceland is all but officially bankrupt INTERNATIONAL HERALD TRIBUNE International Herald Tribune Iceland is all but officially bankrupt By Eric Pfanner Thursday, October 9, 2008 REYKJAVIK: People go bankrupt all the time. Companies do, too. But countries? Iceland was on the verge of doing exactly that on Thursday as the government shut down the stock […]

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Tullycast by JT

Stiglitz on The Great American Economy [must read]

VANITY FAIR Reversal of Fortune Describing how ideology, special-interest pressure, populist politics, and sheer incompetence have left the U.S. economy on life support, the author puts forth a clear, commonsense plan to reverse the Bush-era follies and regain America’s economic sanity. by Joseph E. Stiglitz November 2008 When the American economy enters a downturn, you […]

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