Governments Riding in to Rescue Firms

What is a government to do when a company faces a near-death situation? In almost all cases, the right answer is to let the company go under: It is not the job of a government to prevent companies from dying. Indeed, creative destruction is central to the proper functioning of capitalism. Capitalism without failure . . . → Read More: Governments Riding in to Rescue Firms

Who is Next in the Eurozone?

The Eurozone seems to be the place where the party never ends these days as one skeleton after the other comes rattling out of the closet. Indeed, one has the impression that history is in the making these days and the only thing we can hope is that it will be for the better.

. . . → Read More: Who is Next in the Eurozone?

More Positive Signs for Jobs

On Thursday the government’s report of jobless claims held onto the big improvement of the prior week and only rose 2,000 to a lower-than-expected level of 439,000. The four-week average of 443,000 is now down more than 15,000 from a month ago and signals solid improvement for November payrolls.

Also reported on Thursday by . . . → Read More: More Positive Signs for Jobs

Economic Events on November 19, 2010

At 5:15 AM EST, Federal Reserve Chairman Ben Bernanke spoke at the European Central Bank Central Banking Conference in Frankfurt, Germany.  His speech defended the latest round of quantitative easing by the Federal Reserve, called for greater cooperation between central banks, and chastised China and other emerging economies for manipulating their currencies.

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