UK study finds that having and raising children
is the main reason for male-female pay disparity.
Best letter from a (former) hedge fund manager ever.
Back in July 2007, historian Niall Ferguson gave
a strikingly prescient lecture. Thoughtful analysis of
how the credit crisis arose.
How the British response
was better than the American to the credit crisis.
Housing prices in Britain are falling
at record rates. Via
tcpip. About just how large
the mortgage mess is in the US. Evidence suggests that fear of losing homes
helped drive Federal Labor’s election win. Useful piece on
the regulatory differences between the US and Oz.
About
the lack of financial de-regulation in the US. About
the failure to regulate derivatives. Freddie Mac and Fannie Mae’s
campaign to kill a 2005 Republican-sponsored bill to regulate the mortgage market.
US national debt is
now over $US10trillion. Via
tcpip. Which is a lot of debt, but it is a very big economy. Countries such as Japan and Italy have much higher public debts as a proportion of GDP. Moreover, the US economy as a whole
is doing quite well. Via
qamar.
PM Rudd wants to make a big issue
about payment of bank executives.