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Category Archives: Economy
Christmas Is Coming
Christmas is coming. That means PZ will be off for a little while. My plan is to start hashing out this idea I have had for a long time. Once I get closer to completing work on it, I will … Continue reading
Showdown On Wall Street Postponed!
New York City Mayor Michael Bloomberg made an announcement this week to the Occupy Wall Street protesters. He said that on Friday at 7:00am, they would have to leave the park so that it could be cleaned, but that they … Continue reading
Posted in Economy
Tagged Brookfield Properties, Michael Bloomberg, New York City, Occupy Wall Street, OWS, protest, Street protester, Wall Street, Zuccotti Park
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Hurricane Irene A Bust
Looks like hurricane Irene is a bust. The damage was nothing near what many thought could have happened. Obviously this is a good thing. Already people are lamenting about how the media and the government got the story wrong. How … Continue reading
Posted in Economy
Tagged Drudge Report, government, Hurricane Irene, Hurricane Katrina, Hurricanes
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QE3 Via Hurricane Irene?
Could Hurricane Irene provide the equivalent of quantitative easing 3 (QE3) that our economy needs to get out of our downslump or will the damage and repair costs send us into another recession? While Bernake is expected to speak today … Continue reading
Posted in Economy
Tagged Atlantic Ocean, ben bernake, bernake, economy, Hurricane Irene, Hurricane Katrina, Hurricanes, National Hurricane Center, northeast, qe3, Storm surge
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Deregulators in the Super Committee
Why did I bring up Glass-Steagall yesterday? When the announcements for the super committee were made I did some digging into each candidate. When I saw that Pat Toomey was one of the people responsible for the repeal of Glass-Steagall … Continue reading
Posted in Economy
Tagged democrats, deregulation, financial, Glass–Steagall Act, Jeb Hensarling, John Boehner, Mitch McConnell, Party leaders of the United States Senate, Pat Toomey, regulations, republicans, Rob Portman, super committee
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Deregulation and the Financial Crisis
I am a big proponent of deregulation in many circumstances. Over regulation definitely has it’s drawbacks, but there are many places where regulation makes sense. In the 1930′s, after the Great Depression began and the stock market was in shambles … Continue reading
Posted in Economy
Tagged AIG, American International Group, Commercial bank, Financial crisis of 2007–2010, Glass–Steagall Act, Great Depression, Stock market, United States, uptick rule
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