The Senate voted to approve the financial-rescue bill, sending the modified measure back to the House, where its outlook remains uncertain.
And if there was ever a bill more larded with pork to make it palatable (the culinary metaphor doesn't really work, does it?), this is it. That said, the increase in the deposit-insurance limit to $250,000 and the additional funding for the FDIC are both good ideas.
Creative Destruction in a Nutshell
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A good figure from the Nobel Prize Foundation’s Scientific Background to
the Mokyr, Aghion and Howitt Nobel. The figure shows that firm exit rates
and jo...
2 hours ago
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