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New Fed Chairman

President Bush has nominated Ben Bernanke as the new Federal Reserve Board Chairman. Bernanke is a heavyweight standard economics academic from Princeton and has all the right credentials for the job: he has been in Washington before, he knows the Fed from the inside, and is well respected by both sides of the ideological divide. […]

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A Letter to My American Friends

Two tragedies in such a short time: 9/11 and Katrina. Naturally we all feel the mix of emotions that come with such events: shock, loss, a determination to overcome, and, perhaps, anger. They all flow in their various ways to the surface. Each of us feels a different combination determined, I think, by our respective […]

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And Another Thing . . .

While I’m on the subject of potentially declining living standards: the news that General Motors is going to cut its benefits so it can save $1 billion a year should worry a lot more people than GM workers or retirees. This is a clear manifestation of the broken health care system in the US and […]

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