A few observations on the biggest news story of the decade:
1. Move over James Dean, Elvis, Marilyn and JFK.
2. The fact that Diana's death will undoubtedly *be* the biggest news story
of the decade, surpassing even the O.J. Simpson trial, is a measure of the
poverty of publicity.
3. The
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In this lovely ode to criminal tax evasion, FORBES outlines both the
software issues and ideology of how networked technology and crytography
are threatening the financial underpinnings of the welfare state as the
rich are able to "secede" from the above-ground economy. --Nathan Newman
(NOTE
On many of the news programs analyzing the Diana tragedy, many
commentators are commenting on the hypocrisy that people condemning the
paparazzi photographers are also the ones who bought the tabloid pictures
that fueled the frenzy of the pursuit that killed her.
While the attack has some
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From: [EMAIL PROTECTED] (Tom Walker)
Subject: [PEN-L:12055] Re: Greenspan on Govt. Intervention in Markets
Greenspan on Role of Governments in Markets:
``Central banks are led to provide what essentially amounts to catastrophic
financial insurance
coverage,'' he said,
I wrote:
In a 1996 paper, Morris Goldstein (ex-IMF) and Philip Turner (BIS) argued
that the bank failures/bailouts since the 1960s - a list against which the
US SL disaster seems puny - are in size frequency without precedent in
capitalist history [BIS economic paper no. 46, "Banking Crises in
Tom Walker wrote:
Greenspan on Role of Governments in Markets:
``Central banks are led to provide what essentially amounts to catastrophic
financial insurance
coverage,'' he said, adding, however, that ``such a public subsidy should
be reserved for only the
rarest of disasters.''
By my
