November 12, 2008
The funny thing about prescience, Mr. Secretary, is that it should occasionally bear some relationship to the future, or even just next week. Treasury Secretary Henry M. Paulson Jr’s announcement today of yet another rejiggered financial recovery plan contained enough reversals in direction to make an Olympic swimmer dizzy. But it was his Carnac statement that [...]
Read the full article →
October 13, 2008
The British breakthrough, and how it managed to smash the U.S. bailout logjam and get it moving, is just one more of those crazy, topsy-turvy turns on the bumpy road to financial sanity -and another indication that America’s global preeminence is facing some challenges. Finally, a coherent plan seems to be emerging to address some, and [...]
Read the full article →