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By Robert Merkel on March 9, 2009
According to The Age, the two private-sector consortia bidding to build and operate Melbourne’s proposed desalination plant can’t borrow enough money to finance the construction: Premier John Brumby’s $3.1 billion desalination plant, the cornerstone of his plan to drought-proof Melbourne, [...]
Posted in Markets, Melbourne, Victoria, Water | Tagged credit crunch, desalination, global financial crisis, public-private partnership |
By Robert Merkel on October 20, 2008
In the discussion of this thread, Mark referred to this column by Guy Rundle, in which he argues easy access to credit has helped paper over the cracks in American society: In the wake of this crisis, blame is being [...]
Posted in Economics, USA | Tagged credit crunch, Guy Rundle, progressive taxation, Robert Reich |
By dk.au on October 15, 2008
Tony Jones asked Will Hutton last night whether the interbank credit market was “run by cowboys or run by reputable people?” But between these two moral poles is enormous material and cultural complexity: If a bank wants to borrow money, [...]
Posted in Markets, Sociology, Technology | Tagged credit crunch, Donald Mackenzie, Interbank Lending, LIBOR, sociology of finance, Tony Jones, Will Hutton |
By Robert Merkel on October 14, 2008
It seems that even the business lobby thinks that the the Liberal Party’s continued bleating for the delay in ETS introduction – the latest excuse, as pointed out by Ken at Surfdom being the credit crunch – isn’t a great [...]
Posted in Climate change, Politics | Tagged carbon pollution reduction scheme, credit crunch, emissions trading |
By Mark Bahnisch on October 13, 2008
SocProf over at The Global Sociology Blog and I must be reading the same things, and thinking along similar lines, because I had planned to link to precisely the same articles she highlights in an update to my recent post [...]
Posted in Apocalypse, Disasters, Economics, Europe, Foreign Elections, International, Markets, Media, Nationalism, Politics, Sociology, USA | Tagged ALP, banks, Ben bernanke, Canadian election 2008, Capitalism, credit crisis, credit crunch, deregulation, economic crisis, economic policy, federal reserve, financial meltdown, financialisation, globalisation, gordon brown, Immanuel Wallerstein, interest rates, Kevin Rudd, krondatieff cycles, Labor, liquidity crisis, neo-liberalism, New Labour, political economy, politics & government, recession, regulation, social democracy, socialism, Sociology, stephen harper, stock markets, subprime mortgages, TARP, Tony Blair, us economy, US election 2008, USA Election 2008, Wall Street, Will Hutton, world economy, world systems theory |
By Mark Bahnisch on October 9, 2008
Iceland may be a barometer for what’s changing in the world economy. It was only very recently that the Milton Friedman fan club was hailing Iceland as a “Nordic Tiger”, lauding its flat taxes and praising its “economic freedom”. “Economic [...]
Posted in Activism, Consumerism, Culture, Economics, Ethics, International, Markets, Media, Politics, Poverty, Sociology, USA | Tagged alan greenspan, ALP, Andrew Crook, banks, Ben bernanke, Bill Clinton, Capitalism, credit crisis, credit crunch, deregulation, economic crisis, economic policy, federal reserve, financial meltdown, financialisation, globalisation, gordon brown, Guy Rundle, Iceland, interest rates, Kevin Rudd, Labor, liquidity crisis, Mark Davis, Milton Friedman, neo-liberalism, political economy, politics & government, recession, regulation, social democracy, socialism, Sociology, stock markets, subprime mortgages, TARP, us economy, US election 2008, USA Election 2008, Wall Street, world economy |
By Robert Merkel on September 26, 2008
The Australian government is going to start buying mortgage-backed securities: Federal Treasurer Wayne Swan says he has directed the Australian Office of Financial Management (AOFM) to invest in residential mortgages. The decision follows the chaos in the United States housing [...]
Posted in Economics, Markets, Politics | Tagged aofm, aussie mac, credit crunch, joshua gans, Malcolm Turnbull, mortgage-back securities, Wayne Swan |
By Robert Merkel on September 17, 2008
This is a few months old, now, but ithe New York Times magazine has a pretty detailed account of some of the problems of the credit ratings agencies that helped lead to the global credit crunch. It’s easy, with the [...]
Posted in Economics | Tagged credit crunch, moody's, ratings agencies, standard and poor's |
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