Archive for November 3rd, 2010

What Would a State Financial Crisis Look Like?


Wednesday November 3rd, 2010   •   Posted by Emily Skarbek at 11:15pm PST   •   3 Comments

The Economist provides an interesting video of Robert Rubin, among a panel of finance and economics experts, participating in a simulation of what a US State financial default might look like. HT: Jeff Hummel

U.S. Government to Spend $200 Million per Day for Obama Trip with 3,000 People in India


Wednesday November 3rd, 2010   •   Posted by David Theroux at 6:19am PST   •   11 Comments

One day after the massive electoral rebellion across the U.S. against the mega-spending policies of Washington, President Barack Obama embarks on a ten-day trip to Asia with 3,000 people at a cost of $200 million per day alone in Mumbai, India: “The huge amount of around $200 million would be spent on security, stay...
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