Philip Rothman's Public Library

"REMEMBER how happy (or perhaps relieved is the better word) we all were when the Bureau of Economic Analysis estimated that the American economy expanded by 3.5% in the third quarter? Then, remember how when the first revision trimmed that down to a 2.8% expansion we were all still thinking, hey, that's not so bad? So, how do we all feel now?"

www.economist.com/...please_no_more_revisions - Preview

Recession Measuring the Economy

"Economists react to the larger-than-expected downward revision to third quarter gross domestic product (GDP), to 2.2% annualized growth from 2.8% previously and 3.5% originally reported."

blogs.wsj.com/...dp-revision-surprisingly-large - Preview

Recession Forecasting

"Two dozen economists - including Nobel laureates hailing everywhere from Harvard University to the University of California, Berkeley to The Brookings Institution - wrote a letter Monday to Senator Harry Reid (D, Nevada) expressing their support for his latest proposed healthcare reform bill now that his Manager’s Amendment includes “important elements of fiscal sustainability.”"

h/ - Preview

Health Care

"To set the stage, let me define what I mean by financial-crisis-related data needs. I am referring to the need for data that speak to the following three questions: 1. How do we anticipate possible adverse financial developments? 2. How do we recognize and respond to such developments once they are underway? 3. How do we avoid or at least respond more effectively to the next (possible) crisis?"

www.brookings.edu/...1218_financial_data_dynan.pdf - Preview

Financial Crisis

Led by improvements in production-related and employment-related indicators, the Chicago Fed National Activity Index increased to –0.32 in November, up
sharply from –1.02 in October. Two of the four broad categories of indicators that make up the index improved, although only the production and income category made a positive contribution.

www.chicagofed.org/...cfnai_december2009.pdf - Preview

Recession

"TRUNG SON, Vietnam — It seemed as if this village in northern Vietnam had struck gold when a Chinese and a Japanese company arrived to jointly build a coal-fired power plant. Thousands of jobs would start flowing in, or so the residents hoped."

www.nytimes.com/...21china.html - Preview

China

"Dec. 21 (Bloomberg) -- The market for Treasury inflation protected securities is showing Federal Reserve Chairman Ben S. Bernanke won the battle with deflation, paving the way to start withdrawing cash pumped into the economy since 2007."

www.bloomberg.com/...news - Preview

Yield Curve Inflation

"Dec. 21 (Bloomberg) -- The difference between 2- and 10- year Treasury notes widened to a record as investors bet an accelerating economic recovery will fuel inflation and damp demand for government debt as the U.S. borrows record amounts. "

www.bloomberg.com/...news - Preview

Recession Fiscal Policy Monetary Policy Yield Curve Inflation

"Right now, the Senate is anxiously considering HR-SA 3590, the Patient Protection and Affordable Care Act—a.k.a. the Reid Bill—which builds on earlier efforts in the Senate and House to reach a new consensus on health-care reform.[1] Many legislative uncertainties remain, but its key characteristics seem fixed in stone, and they highlight the radical nature of this legislation. "

www.medicalprogresstoday.com/...spotlight.php - Preview

Health Care

"The hiring of temporary workers has surged, suggesting that the nation’s employers might soon take the next step, bringing on permanent workers, if they can just convince themselves that the upturn in the economy will be sustained. "

www.nytimes.com/...21temps.html - Preview

Recession Employment

Follow the change in unemployment from the beginning of the current recession. Below, the state-by-state unemployment rate from the Bureau of Labor Statistics, seasonally adjusted.

blogs.wsj.com/...-unemployment-rates-by-state-2 - Preview

Recession Unemployment

"As the unemployment rate climbed to the highest levels in a generation and the nation’s output fell in an eighteen-month dive, it became clear that this was no ordinary recession. Why did the economy get so badly off track? What needs to be done to return to solid growth?"

economics.ucsd.edu/...what-went-wrong.php - Preview

Financial Crisis Recession

"Suppose you are woken up in the middle of the night by a police officer telling you that your teenage son is at the hospital in an alcohol-induced coma. You are shocked and search for reasons. You blame his friends and their wild parties. You blame the bartender who broke the law and served alcohol to a minor. You blame the latest sweet cocktails. You blame your spouse. You even blame the media for making alcohol seem attractive. "

www.foreignpolicy.com/...wall_street_can_save_the_world - Preview

Financial Crisis Regulation

"Dec. 18 (Bloomberg) -- Anne Phillips Ogilby, a bond attorney at one of Boston’s oldest law firms, on Oct. 31 last year relayed an urgent message from Harvard University, her client and alma mater, to the head of a Massachusetts state agency that sells bonds. The oldest and richest academic institution in America needed help getting a loan right away. "

www.bloomberg.com/...news - Preview

Harvard

"Dec. 18 (Bloomberg) -- Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the East Maysan oil field, Border Guard General Zafer Nazmi said."

www.bloomberg.com/...news - Preview

oil

"Must China let its exchange rate appreciate to reduce global imbalances? This column says the appropriate yardstick to measure currency undervaluation is based on the Balassa-Samuelson effect. That measure says the renminbi is undervalued by only 12%. A gradual renminbi appreciation will be sustained only if Chinese corporate and public savings are lowered."

www.voxeu.org/index.php - Preview

International Finance International Trade

"Just as American business has outsourced the manufacture of electronics to China and computer programming to India, so have a series of bipartisan coalitions in Congress sought to outsource the control of prescription-drug prices to governments abroad. "

economix.blogs.nytimes.com/...ing-american-drugs-from-canada - Preview

Health Care

"In competitive markets, there is a buyer for every seller. If one could be sure that price will rise, it would already have risen." Arguments like this are used to deduce that competitive prices must display price changes over time that perform like a random walk with no predictable bias.

www.ifa.com/...Samuelson-Proof.pdf - Preview

Efficient-Markets Hypothesis Economists

"Paul Samuelson was probably the last of the major economists to experience serious academic anti-Semitism, having experienced Harvard refusing to hire him in 1940 despite his prominence at the time, as well as probably the last one to personally know Keynes, Schumpeter, and Hayek."

econospeak.blogspot.com/...nd-academic-anti-semitism.html - Preview

Economists

"This course will examine the hypotheses underlying the origins and propagation of the Great Recession of 2007, and the policy responses that have occurred along a variety of dimensions. The candidate causes include lax monetary policy, the “saving glut”, deregulation, securitization and the widespread use of derivatives, the activities of the Government Sponsored Enterprises (“Fannie Mae” and “Freddie Mac”), among others. The discussion of responses will include the conduct of monetary policy and fiscal policy, the appropriateness of financial regulatory policy, the harmonization of international financial policy and trade policy. Other policies not typically thought to be related to the workings of the macro economy (housing, energy, sectoral/industrial policy, e.g., automobiles) will also be examined. "

www.ssc.wisc.edu/...web974_f09.html - Preview

Financial Crisis Recession