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☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ A Life of Milton Friedman Seeks the Nuance in His Free-Market Gospel
▼ + stars: | 2023-11-15 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +2 min

MILTON FRIEDMAN: The Last Conservative, by Jennifer BurnsIn writing her new biography of the Nobel Prize-winning economist Milton Friedman, known throughout his long life for his cheerful endorsement of deregulation and free markets, Jennifer Burns certainly had her work cut out for her. “As he increasingly came to symbolize a political movement,” she writes, “the nuance and complexity of his ideas was lost.”But even Burns has to admit that this attention to “nuance and complexity” was something that Friedman did a lot to discourage. The principles underlying such intricate cooperation were “really very simple,” he said. At the University of Chicago, where Friedman spent most of his teaching life, he edged out the leftist scholars clustered in the Cowles Commission for Economic Research, shrewdly getting the Rockefeller Foundation to pull its funding from the commission and finance Friedman’s workshop instead. Charismatic in the classroom, Friedman didn’t just teach students; he created converts.

Persons: MILTON FRIEDMAN, Jennifer Burns, Milton Friedman, Friedman, ”, Burns, fashioning, baldheaded Friedman, Burns —, Ayn Rand —, shrewdly, Friedman didn’t, “, ” Friedman Organizations: Conservative, Newsweek, Productivity, Stanford, University of Chicago, Commission, Economic Research, Rockefeller Foundation

☆ Nobel economist Paul Krugman mocks Republican candidate Vivek Ramaswamy as ignorant on economics
▼ + stars: | 2023-08-21 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Republican candidate Vivek Ramaswamy's pledge to reform the Fed have provoked mixed responses online. Nobel-prize winning economist Paul Krugman hit out at the "tech bro" in a series of posts on X this weekend. Ramaswamy may be "under the delusion" of having deep insights into monetary economics, wrote Krugman. In response, Nobel-prize winning economist Paul Krugman took aim at the Republican candidate, mocking Ramaswamy's understanding of economics. In an earlier tweet, Krugman called Ramaswamy a "tech bro" and a "monetary crank".

Persons: Vivek Ramaswamy's, Paul Krugman, Ramaswamy, Krugman, Donald Trump, Rich, Ayn Rand, Timothy B, Lee Organizations: Service, Federal Reserve, U.S . Federal, Republican, bros, GOP Locations: Wall, Silicon

☆ How Four Female Philosophers Responded to a Dire Decade
▼ + stars: | 2023-08-02 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +2 min

THE VISIONARIES: Arendt, Beauvoir, Rand, Weil, and the Power of Philosophy in Dark Times, by Wolfram Eilenberger. If hell is other people, then so, too, is this world. “Around us other people circled, pleasant, odious or ridiculous: They had no eyes with which to observe me. I alone could see.”It’s a quote that Wolfram Eilenberger uses to potent effect in “The Visionaries,” which traces the lives of four philosophers in the tumultuous decade before 1943. Beauvoir, Simone Weil, Hannah Arendt and Ayn Rand: Each addressed the foundational question of the relationship between the self and others, between “I” and “we,” only to arrive at wildly different conclusions.

Persons: Arendt, Beauvoir, Rand, Weil, Wolfram Eilenberger, Shaun Whiteside, Simone de Beauvoir, Otherness, ”, Heidegger, Wittgenstein, Walter Benjamin, Ernst Cassirer, Simone Weil, Hannah Arendt, Ayn Rand, Eilenberger, ” Arendt, Red Simone Organizations: Dark Times, Magicians, Gestapo Locations: France, Rouen, Berlin, Nazi Germany, Paris, Russian, Hollywood and New York

☆ Opinion | How Do You Replace an Elite?
▼ + stars: | 2023-06-28 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

So for Deneen to recoil from both the Boomer and woke versions of elite power and imagine what he terms common-good conservatism in their place is by no means un-American. There are versions of post-liberalism that seem to envision a truly different American regime — a confessional state or a monarchy or an administration of Platonic guardians. But Deneen usually talks more like a small-d democrat, trying to revive his own country’s buried sub-traditions. Crucially, though, Deneen comes to the scene after seven decades in which conservatism’s attempted elite-replacement project has repeatedly and conspicuously failed. So the right of 2023 needs a theory for why, up till now, its elite-replacement effort has been so disappointing.

Persons: Deneen, conservatism’s, thrall, Cornel West, John Locke, John Stuart Mill, James Madison, Ayn Rand Organizations: Cornel West ., soulcraft, Cato Institute

☆ 14 Nonfiction Books to Read This Summer
▼ + stars: | 2023-06-09 | by ( Joumana Khatib | Neima Jahromi | ) www.nytimes.com time to read: 1 min

In 2020, English-speaking readers got “Time of the Magicians: Wittgenstein, Benjamin, Cassirer, Heidegger and the Decade that Reinvented Philosophy,” a celebrated biography of the interwar period as seen by some of the biggest Teutons to take on the life of the mind. Now, the German writer is back with another Mount Rushmore of philosophy, translated by Shaun Whiteside. The ideological mash-up of Hannah Arendt, Simone de Beauvoir, Ayn Rand, and Simone Weil may seem oil and water, but their responses to the world around them helps Eilenberger illuminate a fateful decade — 1933 to 1943 — terrifying years for Europe and an eventful period for these monumental thinkers. Penguin Press, Aug. 8

Persons: Wittgenstein, Benjamin, Cassirer, Heidegger, ”, Rushmore, Shaun Whiteside, Hannah Arendt, Simone de Beauvoir, Ayn Rand, Simone Weil Organizations: Magicians, Penguin Press Locations: Europe

☆ ‘Something to Talk About’ songwriter Shirley Eikhard dies
▼ + stars: | 2022-12-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

NEW YORK — Shirley Eikhard, the singer-songwriter who supplied songs for Cher, Emmylou Harris, Anne Murray, Chet Atkins and found lasting fame penning Bonnie Raitt‘s Grammy-winning 1991 hit “Something to Talk About,” has died. Eikhard died Thursday at Headwaters Health Care Centre in Orangeville, Ontario, due to complications from cancer, said publicist Eric Alper. The blues-rock smash hit “Something to Talk About” was written in 1985 and Eikhard had offered it to Murray and other artists, who all declined to record it. Then years later Raitt left a message on Eikhard’s phone saying she she’d just recorded it. Raitt said later she’d discovered the song on a demo Eikhard had sent and admired it.

☆ Many Americans think of education and transportation as public goods, but they're actually heavily privatized. Here's why that's a problem.
▼ + stars: | 2022-01-29 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

Cohen said the privatization of public goods like education won't benefit the majority of Americans. Many fields that ordinary Americans assume to be public goods — public education, libraries, public transportation — don't fit that strict description. "In that definition, healthcare is a private good, not a public good," Cohen said. We're all familiar with the trickle-down claim that under a profit motive, business can provide public goods more efficiently than the government. "The alternative of private control over public goods is public control over public goods," he said.

☆ (foto) Editura Cartier vine cu noutăți literare. Cu ce cărți îți poți îmbogăți biblioteca
▼ + stars: | 2021-03-31 | by ( Onixmedia Srl | ) diez.md time to read: +6 min

La acest sfârșit de martie, editura Cartier a publicat o listă de cărți care vă pot fi curioase și cu siguranță, vă pot îmbogăți biblioteca proprie. Ultimii 20, primii din 21, n-au fost, ce-i drept, săraci în evenimente… N-a fost plictisitor, fără doar și poate, și promite să devină tot mai palpitant. În momentul când constați că nu ai nici una, nici cealaltă, ajungi la punctul zero, descoperind abia atunci că moartea e o fatalitate, iar viața o șansă unică. Este relevant pentru că nu este vorba de un trecut din ce în ce mai îndepărtat, ci despre un viitor din ce în ce mai apropiat. Această carte nu este despre bunicii tăi de mult dispăruţi, ci despre copiii tăi încă în creştere.” (Leonard Peikoff)# „Cum să rușinezi moartea.

Persons: Alex Cistelecan, Paula, utopici, Alexandra Kollontai, Lenin, Armand, Paula Erizanu, Simona Sora, Oleg, Ayn Rand, Radu Săndulescu, Leonard, Maria Mocanu, Cătălin Bordeianu Organizations: Cartier Locations: narodnici, Sachsenhausen, Ruse, România, Republica Moldova

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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