foreclosures and then what?

Sam has an update on some new numbers about foreclosures in the region.  Something related that is not new, but a bigger and bigger issue for us is what happens to the homes as they move in and out of foreclosure and the role of banks in that process.  Just something we are spending . . . → Read More: Foreclosures and Then What?

Does Adam Smith's 'impartial spectator' provide a sufficient basis for cosmopolitian ethics?

One of the benefits I have obtained from reading Nicholas Phillipson’s excellent book, ‘Adam Smith, an Enlightened Life’ is a better understanding of what Smith was trying to achieve in writing ‘The Theory of Moral Sentiments’ (TMS). He apparently saw the book as a contribution to a ‘science of man’ based on the observation . . . → Read More: Does Adam Smith’s ‘Impartial Spectator’ Provide a Sufficient Basis for Cosmopolitian Ethics?

Economic Events on January 26, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 8.7% in the Purchase Index and a week to week decrease of 15.3% in the Refinance Index.

At 10:00 AM EST, the New Home Sales report for December will be released. The consensus . . . → Read More: Economic Events on January 26, 2011