The Good, Bad, and Ugly Banks

Reuters May 7, 2009 Today is the long-awaited report-card day for the nation’s stress-tested banks, and if the steady dose of leaks is to be believed, there is some good news for taxpayers and some not-so-good news for some very big banks. First, the good news. more

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Meanwhile, in the Rest of the World

New York Times May 7, 2009 We’ve become so caught up in our banking stresses and stress tests in the United States that we sometimes forget about what is happening in other parts of the world economy. This matters because, while the United States is the world’s largest economy, we’re only about 20 to 25 […]

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A Russia Test

New York Times May 6, 2009 Reports of military mutinies and Russian plots in Georgia, while still unclear, have heightened tensions which were already building this spring. The U.S. should lead preventive diplomacy now, underscoring to Russia the high costs of intervention in Georgia while seeking to engage Moscow in a broad security dialogue. more

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