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ft.com - 12/3/2008
FT.com / Comment / Opinion - Only new thinking will save the global economy
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History books will document that the global economy experienced a sudden stop after September 15. In accentuating long-standing structural weaknesses, the manner in which Lehman Brothers failed disrupted the trust that underpins the smooth functioning of market economies. As a result, virtually ...
So, you want to save the economy?
boston.com - 12/7/2008
So, you want to save the economy?
— boston.com — DURING THE PANIC of 1907, the nation's most powerful banker, J. P. Morgan, brokered a solution to... the crisis behind the closed doors of his personal library in New York City. Faced with the total collapse of the financial system, Morgan gathered ... (more) So, you want to save the economy?
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Alea — Bill Miller: “It looks as if the bottom has been made in U.S. stocks” To: Harvard Council of Deans We lost $8 bn Larry Summers & the role of economics U.K. Homeowners granted 2-year mortgage holiday Only new thinking will save the global economy Logitech makes one billionth mouse Email This

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FT Alphaville — ... In Robert Rubin’s autobiography, he recounts, as Treasury secretary in 1995, trying to persuade President Bill Clinton to back a bail-out of Mexico that might cost $25bn. You mean $25m? someone asked. “No,” said Larry Summers, then an undersecretary, “billion with a B”. Only new thinking will save the global economy Mohamed El-Erian, co-chief executive and co-chief investment officer of Pimco, says history books will document that the global economy experienced a sudden stop after September 15. ...

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