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from Gold Silver Worlds: In what we consider a magnificent speech, not because of the type of message but rather in terms of the depth of insights, Kyle Bass explains at the University of Chicago Booth School of Business why he believes the Japanese government debt bubble is explosive in nature. He expects this bubble to burst soon, although he reiterates that it is impossible to know when exactly this will happen. His presentation [...] The shocking scale of tax dodging in Greece was laid bare yesterday in a report showing that professionals are among the worst offenders. The study found that self-employed Greeks evaded a staggering £22.4billion of tax in 2009 – almost half the size of the country’s deficit in 2008 and a third of the shortfall in 2009. The chief offenders were doctors, engineers, private tutors, accountants, people in financial services and lawyers, according [...] The Massachusetts Institute of Technology now outranks Cambridge University Harvard, which held the top spot for six years between 2004 and 2009, is in third place The Massachusetts Institute of Technology (MIT) is now ranked as the world’s best college, overtaking the historical British institution for the top spot. Cambridge, which placed number one last year, is now second after MIT. Six out of [...] Greg Palast The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. That progenitor is former University of Chicago economist Robert Mundell. The architect of “supply-side economics” is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, [...] Got a difficult decision to make? Why not mull it over auf deutsch? A new study suggested that people are prone to make more sound, less risky decisions if they are thinking in a language other than their native tongue. The series of experiments, conducted by Boaz Keysar of the University of Chicago, led the scientists to believe that ‘using a foreign language reduces decision-making bias,’ Dr Keysar’s team wrote. Lost in translation: [...] Ron Paul Last week President Obama made some rather shocking comments at a press conference regarding the Supreme Court’s deliberation on the constitutionality of the Patient Protection and Affordable Care Act, or Obamacare. His comments belie a grasp of constitutional concepts so lacking that perhaps the University of Chicago Law School should offer a refund to any students “taught” constitutional law by then-Professor Obama! He said, “Ultimately, I’m confident [...] By Daniel Strauss and Geneva Sands - 03/19/12 03:07 PM ET GOP presidential frontrunner Mitt Romney said Monday he doesn’t understand how young people could vote for Democrats. “I don’t see how a young American can vote for, well, can vote for a Democrat,” Romney said in a speech at the University of Chicago. The former Massachusetts governor said Democrats were saddling young people with debt while Republicans are committed to reducing spending and balancing [...] businessweek.com Raghuram Rajan, professor at the University of Chicago and former chief economist of the International Monetary Fund, said the latest bailout of Greece won’t resolve Europe’s debt crisis. “The European Central Bank has bought some time for the politicians,” Rajan said on Bloomberg Television’s “Bloomberg Surveillance” with Tom Keene. “Unfortunately, every time they buy time the politicians do not use it well. I think we are again in that kind of [...] Rahm Emanuel (Bill Cameron/WLS) Posted 1/23/12 9:03 a.m.WLS Radio’s Bill Cameron reports CHICAGO (WLS) -President Obama’s State of the Union speech Tuesday evening is likely to be viewed as a reelection speech, and the president’s former chief of staff, Mayor Rahm Emanuel has some ideas about how the speech should be constructed. The mayor told a panel at the University of Chicago that the president should say very little about his first term, and focus [...] What he did: Paulson Gave Hedge Funds Advance Word on Freddie and Fannie in July 2008 http://www.bloomberg.com/news/2011-11-29/how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html What he said: On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac. On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship. Where he is now: On June 27, 2011, it was announced that Paulson would [...] By James Pethokoukis The core argument of the Occupy movement and its Obamacrat friends is this: The rich stole all the money. That explains why over the past four decades, the income of the broad American middle class supposedly has stagnated even as the economy expanded. Why? Did you forget already? The rich stole all the money. And now it’s time to take it back. And here are [...] “Austan Goolsbee, head of the president’s Council of Economic Advisors, is returning to his University of Chicago post. His departure shakes up the White House team as the nation’s recovery sputters.” http://www.latimes.com/news/nationworld/nation/la-na-0607-goolsbee-quitt… |
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