by Frank Li
A portion of the Bookmarks Magazine review:
Most critics agreed that Battle Hymn of the Tiger Mother is an entertaining read—lively and humorous, written with the intent to shock. More controversial is Chua’s stereotyping of Chinese and Western cultures, not to mention her authoritarian parenting methods. Critics judged the book largely by asking the following questions: Should self-esteem come before accomplishment, or accomplishment before self-esteem?
by Guest Author Lance Roberts of Streettalk Live
This past week Paul Krugman wrote an article entitled "Getting To Crazy" in the NYT where he lambasts the GOP for, well, being crazy about not getting on board with the President and Democrats on the trillions in cuts being offered in order to raise the debt ceiling:
by Guest Author: Dean Baker, Economist and Co-Director of the Center for Economic and Policy Research, in Washington, D.C. – Full Bio here.
It is entertaining to see all the folks who missed the housing bubble try to apportion blame after the fact. Tyler Cowan is the latest entrant, pronouncing Fannie and Freddie at least partially responsible. While his indictment is impressive, the real question should be, “what is the charge?”
Of course Fannie and Freddie are at least partially responsible, they purchased hundreds of billions of dollars of loans that were used to buy properties at what they should have recognized as bubble-inflated prices. If they had refused to buy such loans, it almost certainly would have brought the irrational exuberance of the housing bubble to a quick halt.
The following ten articles published on the Opinion Blog during the first six months of 2011 are most read to date:
by Dirk Ehnts
It seems that banks in Germany are not so happy with the idea of publication of the results of the most recent stress test, as the FT reports:
But an association representing Germany’s financial industry lobby groups argues in a letter seen by the Financial Times that the disclosures could spark further market volatility, violate business confidentiality and expose banks to legal risks.