American Leftist (Free subscription) | yesterday
Having cited Joseph Stiglitz earlier in the week in relation to the release of the study establishing the positive correlation between receiving IMF loans and rates of tuberculosis, I now discover that he has published an article in the Financial Times on the credit crunch. Stiglitz specifically addresses the emerging crisis in Fannie Mae and Freddic Mac. Both are government sponsored...
naked capitalism (Free subscription) | yesterday
When commentators as diverse as Willem Buiter , Marc Faber , and Joseph Stiglitz (to name a few) agree on something, whatever their shared opinion is probably merits consideration. In this case, it's a cause near and dear to most readers' hearts, namely, that the rescue efforts orchestrated by the officialdom are poorly designed. They treat taxpayers shabbily, let current shareholders...
AMERICAblog (Free subscription) | 07/23/2008
While attending the Symi Symposium in Greece last week, I was able to spend some time with Joseph Stiglitz , a Nobel-prize-winning economist from Columbia University. Stiglitz not only won the Nobel prize in Economics a few years back, but he also served as the chair of President Clinton's Council of Economic Advisers. Stiglitz is an amazing man. He kind of reminds you of...
Economist's View (Free subscription) | 07/24/2008
Joseph Stiglitz says just say no to free lunches: Fannie’s and Freddie’s free lunch, by Joseph Stiglitz, Commentary, Financial Times: ...The US government is about to embark on ... a partnership, in which the private sector takes the profits and...
Real Time Economics (Free subscription) | yesterday
A roundup of economic news from around the Web. Stiglitz on Fannie, Freddie: Joseph Stiglitz, writing for the Financial Times, discusses the problem with a bailout of Fannie Mae and Freddie Mac. Even if they are too big to fail, they are not too big to be reorganized. In effect, the administration is indeed proposing a [...]
Tea with FT (Free subscription) | yesterday
Sir Joseph Stiglitz in Fannies and Freddie’s free lunch July 25 holds that “No insurance industry would provide fire insurance without demanding adequate sprinklers; none would leave it to “self regulation”. But that is what we have done with the financial system.” Wrong. Insurance companies would and should provide fire insurance even if there are no sprinklers, as long as the risk...
Tea with FT (Free subscription) | yesterday
Sir Joseph Stiglitz in Fannie’s and Freddie’s free lunch July 25 proposal of “converting the home mortgage deductions into a cashable tax credit” begs the question, and what about those who rent and those who would want to see house prices come down so as to be able to afford one on their own? The Home-Owners Church giving out free lunches only to their own destitute and ignoring all...
Research Recap (Free subscription) | yesterday
... and mortgage-related ebb tide. Economists and “hazard moralists” hate it. Nobel laureate economist Joseph Stiglitz , writing in the Financial Times says “the bail-out of Fannie Mae and Freddie Mac makes that of Bear Stearns look like a model of good governance. It sets an example for other countries of what not to do. The same administration that failed to regulate, then seemed enthusiastic...
Financial Time (Free subscription) | 07/24/2008
Those responsible for the mistakes – management, shareholders and bondholders – should all bear the consequences, writes Joseph Stiglitz
British Journal of Pharmacology (Free subscription) | 07/23/2008
... programmes. He is among more than a dozen scientists and economists, including Nobel laureate Joseph Stiglitz of Columbia University, New York, who worked on the proposal, which was organized by the Wentworth Group of Concerned Scientists in Australia.
Trinidad Express (Free subscription) | 07/19/2008
... the EPA in Ghana this week by the Nobel Economic laureate and former World Bank top economist, Joseph Stiglitz. Stiglitz urged caution and told the Ghanaian government to "take a cold hard look" at the EPA and negotiate away its inimical aspects. He said: "EPAs do not give sufficient opportunities for the businesses in LDCs to develop levels where they can compete favourably...
Firedoglake (Free subscription) | 07/19/2008
... you take into account deferred costs (like looking after Vets who are amputees) economist Joseph Stiglitz put the cost of the Iraq war at 2 trillion . And Stiglitz doesn't add in certain other costs. For example, military hardware is obsolesced very quickly by warfare, because enemies get to see how it works and what its weakness is. The Abrams was once thought invincible but today...
