News
Market Watch | Germany: 'Nothing new' about euro crisis planning
A working group set up to study potential scenarios tied to the euro-zone debt crisis has been in place for more than a year and is "nothing new, a German finance ministry spokesman said Friday, downplaying a report in the Financial Times Deutschland newspaper that the ministry's preparations for a potential Greek exit from the euro were more extensive than previously known.
CNN Money | Fed turns AIG bailout into $18 billion profit
The Federal Reserve finally has wiped its hands clean of AIG and turned a nearly $18 billion profit for taxpayers in the process.
Blogs
Cato@Liberty | It’s Simple to Balance the Budget with Modest Spending Restraint
Now that new numbers have been released by the Congressional Budget Office, it’s time once again for me to show how easy it is to balance the budget with modest spending restraint (though please remember our goal should be smaller government, not fiscal balance).
WSJ: Real Time Economics | Hitchcock Could Teach Congress About Dangers of ‘Fiscal Cliff’
In Hitchcock’s view, if a movie audience watches an innocent-looking scene and a bomb under a chair goes off, the reaction is immediate surprise. But if the audience knows the bomb is under the chair and timed to go off in five minutes, they will watch the scene holding their breath, fingernails digging into their armrests.
