Showing posts with label Media This Week. Show all posts
Showing posts with label Media This Week. Show all posts

Wednesday, April 15, 2009

The Panic of 1825 by Brad DeLong This Week

The Panic of 1825 by Brad DeLong This Week

This Week Wednesday, April 15, 2009

The Panic of 1825

If you’re not satisfied with Paul Krugman or Nouriel Roubini as your guide to the current turmoil, you can always rely on E.M. Forster. It was Forster who grasped the essential drawback of the Internet long before anyone else, depicting, in his 1909 story "The Machine Stops" a world in which individuals communicate in isolation via machine. It turns out he’s pretty good on 21st-century financial crises, too, mostly because the underlying processes remain so similar to those of a financial crisis he studied. Only the scale has changed.

Forster’s great-aunt Marianne Thornton helped raise him after his father's death, leaving him 8,000 pounds upon her death, when Forster was 8. That legacy gave him the financial cushion to become a writer. So he wrote Marianne Thornton: A Domestic Biography 1797-1887, stringing her voluminous letters together with scene-setting prose. As it happens, the fortunes of the Thornton family turn on history’s first episode of successful central banking: the Bank of England's intervention in the 1825 financial crisis.


This is fascinating – read the entire piece here: The Panic of 1825 by Brad DeLong

20090415 The Panic of 1825 by Brad DeLong This Week

This Week Wednesday, April 15, 2009

http://www.theweek.com/article/index/95385/The_Panic_of_1825
http://www.theweek.com/home
Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/
Kevin Dayhoff: www.westgov.net Westminster Maryland Online www.westminstermarylandonline.net http://kevindayhoffwestgov-net.blogspot.com/

This Week Wednesday April 15 2009

This Week Wednesday April 15 2009

The Panic of 1825 by Brad DeLong This Week

The impact of Tea Parties
Will they fizzle, or boost opposition to big government?
Best opinion: Wall St. Journal, Salon, Fox News, LA Times
Why Somali pirates are scary
Facing the threat posed by a failed state where pirates thrive
Best opinion: Boston Globe, NY Times, Wall St. Journal
Right-wing extremists: A threat?
Why Homeland Security is warning of rising recruitment among far-right groups
Best opinion: Michelle Malkin, Little Green Footballs, Salon

More From News & Opinion
Great Satan
The impact of Tea Parties
Why Somali pirates are scary
Right-wing extremists: A threat?
Does Twitter make you evil?

From around the Web: Today's Best Columns
Muslim countries need aid so they can provide more services than radical groups do.
Abu Khawla/The Christian Science Monitor
It's easy for sugar daddies and sugar babies to meet online, but that doesn't make it right.
Scott Lehigh/The Boston Globe
Come on, Canada. The baby seal hunt is a "gruesome drill" that should be banned.
Kathleen Parker/The Washington Post

Business

Who should pay taxes?- Most Americans are okay with their tax burden, with some notable exceptions
Best opinion: NY Times, Wall St. Journal, Time, USA Today
Sucking-up gets a raise, and Lehman Brothers goes nuclear- Good day for brown-nosing, Bad day for toxic bank assets
News & Opinion
Facebook and failure - A study finds that Facebook users get lower grades
The Somali pirates' next move - Pirates hijack more ships following American sea captain Richard Phillips' rescue
Obama’s Cuba half-step - Obama’s small shift in Cuba policy draws good reviews, but what’s the next move?
Does Twitter make you evil? - A study says the fast pace of online social sites doesn't leave time for complex moral judgments
Defeating Somali pirates - After the rescue of sea captain Richard Phillips, will ship owners arm their crews?
Arts & Leisure
The death of porn star Marilyn Chambers - Remembering the life of the Ivory Snow model-turned-adult film legend
The fall of Phil Spector - A legendary record producer is found guilty of murdering actress Lana Clarkson
Why Mel Gibson’s wife filed for divorce - And what it might cost the actor after 28 years of marriage
Getting the flavor of … A California desert in bloom, and more - In the spring, the Anza-Borrego Desert is transformed into a field of wildflowers.
Best books … chosen by Jay McInerney - McInerney’s How It Ended, a volume of new and collected short stories, has just been published. Here, the Bright Lights, Big City author names his favorite story collections.
Recipe of the week: The ‘perfect’ excuse for dining in - Domenica Marchetti's recipe for slow-roasted Atlantic char makes a "perfect dinner party centerpiece.”
Best innovative new websites - Sites for "citizen journalism," monitoring the accuracy of news, and more
Cartoons & Short Takes
The Week puzzles - Our new "What Next?" competition and crossword and Sudoku puzzles.
Editor's Letter: The end of voice mail? - People under 30 are four times more likely to respond within minutes to a text message than to a voice message.
Gay tourists, and more - Good week for: Gay tourists, Futuristic rickshaws, Storming the Bastille; Bad week for: Typos, Joy rides
Digital information's explosive growth, and more - In 2006, the world produced 161 “exabytes” of digital information—3 million times the amount of information contained in all the books ever written.
The perils of breaking dog-walking rules, and more - A Florida man may lose his home because he walked his dog without a leash.
Flickr's digital detectives, and more - Last year, Nicholas Filippelli, a U.S. oil executive, lost his Olympus digital camera while exploring some Bronze Age ruins in Scotland.
Colorado man coughs up 1-inch nail, and more - A Colorado man who was having an MRI suddenly felt a sharp pain in his nose, and coughed up a 1-inch nail that had been embedded in his head for 30 years.
Pentagon spending shake-up - Defense Secretary Robert Gates unveiled a proposed military budget that radically revamps the Pentagon’s priorities.

http://www.theweek.com/article/index/95385/The_Panic_of_1825

http://www.theweek.com/home

20090415 This Week Wednesday April 15 2009

Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/

Kevin Dayhoff: www.westgov.net Westminster Maryland Online www.westminstermarylandonline.net http://kevindayhoffwestgov-net.blogspot.com/