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Brooklyn’s New Culinary Movement
By OLIVER SCHWANER-ALBRIGHT
Published: February 25, 2009
The borough has become an incubator for a culinary-minded generation whose idea of fun is learning how to make something delicious and finding a way to sell it.
There is no question that this is one of the most difficult periods we have encountered during the FDIC’s 75 years of operation
—FDIC Chairman Sheila Bair
No one can deny that the recent economic downturn has badly hurt corporate earnings. But let’s not fool ourselves into thinking that this is an expensive market.
—Jeremy Siegel, Wharton School
Someday, when scholars are trying to fingerpoint the nadir of the post-Bush Republican Party, they may arrive at Jindal’s speech tonight. Though it was a tough moment for any Republican to give the opposition response, his speech came across as unserious in content and condescending in its tone.
—Thomas Schaller, a political scientist at University of Maryland
A lot of Republicans I am speaking with were expecting this would be like Obama’s moment in 2004. He bombed out. It lessens his (Jindal’s) chances of really looking seriously at 2012. The person who was probably helped the most is Mitt Romney. By Jindal really flubbing up last night Romney was helped by a lot of conservatives who thought he was too old.
—David Johnson, a Republican strategist who advised Bob Dole in 1988
Jindal seemed more like a high school student giving a valedictory speech than a potential future leader of the party
—Philip Klein of the American Spectator
The customer’s very tentative. They’re buying what they need and they’re being very smart about how they spend their money.
—Myron Ullman , CEo, J.C. Penney Co, during this month’s investor meeting
The broad downturn in the residential real estate market continues. There are very few, if any, pockets of turnaround that one can see in the data.
—David Blitzer, chairman of the index committee at S&P
- November YoY decline: 18.2%
- December yoY decline: 18.5%
- It has fallen every month since January 2007
- Consense was 18.3%
…and consumer confidence — 25
…and 47.8% said jobs are hard to get, the highest since 1992
As long as home prices are falling, the financial system and the economy will continue to unravel. It will cost millions of tax dollars to try to prevent additional foreclosures from coming on the market and gutting prices further, but it will cost millions more if we do nothing.
—Mark Zandi, chief economist at Moody’s Economy.com
The government measures will prevent the world from going under.
—Rudolf Buxtorf, RBS Coutts Bank in Zurich.
US Treasuries are the safe haven; it is the only option. Once you start issuing $1-$2 trillion … we know the dollar is going to depreciate, so we hate you guys, but there is nothing much we can do. We hate you guys, but there is nothing much we can do.
—Luo Ping, a director-general at the China Banking Regulatory Commission (CBRC), complained last week.
who are these straw-men?
There are some commentators, pursuing an ideological agenda, who want to use the current crisis to nationalize the entire financial system. That is nationalization in the style of a Latin American despot.
how do you reconcile this statement with Cato’s anti-regulation position? Does it not assume regulation?
If a bank is too big to fail, then it is simply too big. Those institutions need to be downsized until their failure would no longer constitute a systemic risk. Then we can discuss how to untangle the government and the major banks, and create a banking system of genuinely private institutions.
—Quoted from Gerald O’Driscoll, senior fellow at the Cato Institute: WSJ
what we have now isn’t private enterprise, it’s lemon socialism: banks get the upside but taxpayers bear the risks. And it’s perpetuating zombie banks, blocking economic recovery.
—Krugman: NYT
It’s a lovely subject. Also a sad one.
What bothers me is the ghost…Because the real theme is: If the dead were to come back, what would you do with them?
Stilltitled 