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Bob Herbert has a great column in today’s New York Times about race. I definitely suggest giving it a read. He says:
The Rev. Jeremiah Wright is no doubt (and regrettably) a big issue in the presidential campaign. But what we’ve seen over the past week is major media overkill — Jeremiah Wright all [...]

While we all expected house prices to slow and even fall in bubble markets like Ireland, the UK and Spain, it comes as news to me that prices are slowing in Germany as well. I was just in Germany this past month, and while there were economic concerns, the atmosphere felt entirely different than it does in a place like the US.

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Recently, I have started to shift my focus out of the U.S. and abroad as the subprime crisis has become a global credit crisis. The myth of global de-coupling (assumption that other economies could thrive without the help of the American consumer) is being dispelled daily. Countries to watch are Canada, Mexico, China, [...]

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I am wading into this debate over whether or not the U.S. government should temporarily suspend the federal tax on gasoline this summer. I come down on the side against the tax break. Here’s why?In a post about Windfall taxes on Tuesday, I nixed the idea saying:
John McCain and Hillary Clinton are suggesting we [...]

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Updated throughout the day
US
U.S. Loses 20,000 Jobs in April; Unemployment Rate Falls to 5% (Bloomberg, 5/2/2008) Dollar Reserve Status Is Tale of Fading Glory (Bloomberg, 5/2/2008)Bank of America May Not Guarantee Countrywide’s Debt (Bloomberg, 5/2/2008)Homeowners Convert to Costlier Fixed-Rate Mortgages Amid ARM-Twisted Fears (Bloomberg, 5/2/2008)Bernanke-Geithner `Rogue Operation’ Spurs Further [...]

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Updated throughout the day
USCorrection: Unemployment Insurance Weekly Claims up 35,000 (U.S. Government, 5/1/2008)Unemployment Benefit Rolls Climb to 4-Year High (Bloomberg, 5/1/2008)Recession’s here, economist Kasriel says (Wilmette Life, 5/1/2008)New York Faces $5.1 Billion Budget Gap as `Worst Yet to Come’ (Bloomberg, 5/1/2008)Home Depot to close 15 stores and lay off 1,300 (Times of London, 5/1/2008)Mobius Sees [...]