Current Events and the Psychology of Politics
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Mar 20th, 2009

Summary: What’s worse — corporate bailout or no bailout? Financial analysts and federal officials have warned that doing nothing to save AIG — or banks or the auto industry — would lead to catastrophe: an economic domino effect of bank losses, stock market chaos, and job cuts. Here’s what might happen if companies deemed “too big to fail” were allowed to do just that.


Mar 3rd, 2009

Summary: According to some economists, a Depression doesn’t have to be Great, with bread lines, rampant unemployment, and a wipeout in the stock market. The economy can sink into a milder depression — the kind spelled with a lowercase “d” — and it may be happening now.