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Category Archives: Economics
What A Great Country!
From The New York Times: In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year … Continue reading
Posted in Economics
Tagged earners, households, New York Times, thousandth, three decades
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Why Does Real Estate Cost So Much In Coastal California?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading
Posted in Economics
Tagged boom and bust, economist thomas sowell, fannie mae, fannie mae and freddie mac, financial qualifications, Thomas Sowell
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New York Times Reviews Two New Books On The Mortgage Crisis
One guy who signed on for a mortgage he could not handle was a New York Times economics writer. His new book is called BUSTED. Alyssa Katz has published, Our Lot: How Real Estate Has Come To Own Us. Katz … Continue reading
Posted in Economics
Tagged government policies, noble intentions, perverse incentives, profit centers, two new books, york journalist
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The Housing Boom
Check out the book on Amazon.com. Economist Thomas Sowell appeared on Dennis Prager’s radio show May 27: Tom: If the results weren’t so serious, all this would make a great Gilbert & Sullivan musical, with all the mutually contradictory statements … Continue reading
Posted in Economics
Tagged amazon, Dennis Prager, economist thomas sowell, fannie mae, fannie mae and freddie mac, Thomas Sowell
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AIG Bonuses
Rabbi Gil Student writes: "R. Dr. Asher Meir published an article from two weeks about an AIG executive’s Op-Ed in the NY Times in which he announced his resignation (Op-Ed in NYT, Asher Meir). Dr. Meir calls the letter "a … Continue reading
Posted in Economics
Tagged congressional outrage, de santis, gil student, nyt, public outrage, quot quot
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