Economy Jan 26 The Hits Just Keep On Coming By “hits,” I mean Merle Hazard’s Golden Newbie Euro-crisis Euro-tunes, as well as the Internet views that they’ve been garnering. Monday’s post: The Pain in Spain Falls Plainly from Merle’s Brain. Yesterday’s: Erin Go Broke. And today, the…
Economy Jan 25 Erin Go Broke Today's post puts the economic woes of the Emerald Isle to music. The lyrics are Hazard's, though I confess to have taken crack at them myself and then, at some risk to my ego, sent both sets of lyrics --…
Economy Jan 24 The Pain in Spain Falls Plainly from Merle’s Brain The first of this week's series of posts from the ever-melodic, ever-economic Merle Hazard debuts today: a ditty on the plight of Spain.
Economy Jan 21 Merle Hazard Makes Sen$e: The Country Crooner Goes Global Friday’s post consists of a Web chat with the Elvis of economics, the Ferlin Husky of finance, the Charlie McCoy of micro, the Jimmy Dean of the dismal science — star of the country-and-western macrocosm, investment advisor Jon Shayne who…
Economy Jan 20 Desolate Detroit: The Forsaken City In its heyday it boasted nearly two million people; the world's premier industry (autos); the world's most popular music (Motown); and perhaps the country's most prosperous black middle class. But Detroit's population is down 50 percent; so are wages in…
Economy Jan 19 Buzz Words in 2020 Will Be Same as in 18th Century. At Least Economically-Speaking. Name: Sam Question: I immensely enjoy your segments on PBS. I am intrigued by the concept of trade, and the argument presented by many economists that it raises the standard of living in a country's economy even if it appears…
Economy Jan 18 The Answer to the Exchange Rate Debate: Chinese Inflation The Chinese currency debate has developed a new twist in recent months: Chinese inflation. The argument, made by Columbia University economics professor Geng Xiao in an updated story of ours running on Tuesday's broadcast, is that the rise in…
Economy Jan 06 Who Do You Hurt When You Walk Away? More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…
Economy Jan 05 Strategic Default: Right or Wrong? We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…
Economy Jan 03 Happy New Year? Job Market Looking Up for College Grads? Editor's Note: A poor economy does not bode well for college grads trying to enter the job market. "The last couple of years have been a very, very tough time to be coming out of college," said Richard White in…