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March 19, 2013

Europe
Cyprus: What’s Next?

It now appears that the Cypriot Parliament will reject the government’s amended plan for haircutting deposits. The revised proposal, which reportedly exempted depositors under €20,ooo, satisfies almo…

Cypriots protest the plan to seize money from depositors as a part of a bailout package.

September 16, 2008

Financial Markets
It looks like the United States’ no bailout policy lasted all of two days

AIG’s bondholders got a huge break. That is an observation, not a criticism. The credit markets were not reacting well to Lehman’s bankruptcy filing. $85 billion is a lot of money. The terms…

March 16, 2008

China
The best investments China never made ….

CITIC -- according to Felix -- never closed on its investment in Bear. If I was a bit more skilled with blog formatting, I guess I should scratch Bear and write JP Morgan. Talk of a spectacular c…

August 5, 2007

Budget, Debt, and Deficits
Taxing the kings of private equity like the rest of us

Cheers to the New York Times,  the Financial Times, the Economist,  Charlie Rangel, Robert Rubin, Alan Blinder, Paul Krugman, Warren Buffet (I think it is implied here), Bill Gross, Greg Mankiw (extr…

June 26, 2019

Religion
Social Change in Sub-Saharan Africa

C. D. Glin, Andrew Small, and Jen Spies evaluate equity, development, and innovation in sub-Saharan Africa, with Michelle D. Gavin moderating, as part of the 2019 CFR Religion and Foreign Policy Work…

Play Social Change in Sub-Saharan Africa