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April 19, 2006

United States
You can not put dark matter in a container …

So says Michael Mandel.   Some of us might say you can't put dark matter in a container because it doesn't really exist.That is not Mandel's argument.  He believes in dark matter, though apparently n…

December 14, 2015

United States
Ten Whats With...Michael Horowitz

Michael C. Horowitz is an associate professor of political science at the University of Pennsylvania and the associate director of Penn’s Perry World House. His research interests include leadership,…

Why Leaders Fight Blog

November 11, 2008

Financial Markets
Give me yield, give me leverage, give me return

“Give me yield, give me leverage, give me return” perfectly sums up how Wall Street bought itself close to financial ruin. JP Morgan’s William Winters didn’t just create help to create CDOs. H…

Give me yield, give me leverage, give me return

July 21, 2005

China shifts to a basket peg

But the change against the dollar is small.  Very small. Too small in my view to have much of an economic impact, in any way.  On trade flows.  Or on capital flows.  I would still bet on a furth…

February 27, 2006

Financial Markets
A butterfly flapped its wings in Iceland …

If you read the financial press closely, it was hard not to learn a bit about the Icelandic krona over the past week.   The krona pays a high interest rate, you see - enabling Iceland to attract the …