Clay Chandler
In this note, we attempt to place the question of how we got to the global financial crisis that began as the US Subprime debacle in the summer of 2007 in the context of an international and historical comparative setting. It is of some poignancy that the "we" here refers to the wealt...
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debated Norman Thomas, chair of the Socialist Party. Stanley presented the stark choice: “Either Hitler’s defeat is of desperate, deadly importance to us or it’s of no importance whatsoever.” He believed it was of desperate importance, and that America should enter the war as...
The other error is even more serious, as Rubin continues his role as cheerleader for deficit hawks. Clearly he learned nothing from his term as Clinton’s Treasury Secretary, when budget surpluses killed the economy and helped to bring on the NASDAQ-led equities crash. (Memo to Rubin: a de...
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Confirmation hearing for Secretary of the Treasury nominee Scott Bessent Live Kilauea volcano erupts in Hawaii Live NASA astronauts perform spacewalk outside ISS Live Dow Jones Industrial Average Live US Secretary of State Blinken joins State Department briefing ...
[...] Secretary for Financial Services and the Treasury (Treasury) (PS(Tsy)) explained that FCR(2012-13)54A invited members to note that part (a) of the funding proposal in FCR(2012-13)54 relating to the provision of a supplementary provision for the Social Welfare Department (SWD) for...
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To prevent a global financial meltdown, U.S. Treasury Secretary Hank Paulson and Fed Chair Ben Bernanke, along with other regulators and bank executives, created a plan to rescue key banks deemed "too big to fail." This included the Troubled Asset Relief Program (TARP), which involved the ...