Steven Hill: When the true size of Greece’s deficit was revealed to the world, the bonds markets went berserk. The interest rates on Greece’s sovereign debt spiked to unheard of proportions, threatening the solvency of the government, and the rest is history.
The only way to make sense of Tim Geithner’s “stress test” for banks is to assume a kind of triage. Banks that are reasonably healthy right now — whose assets are fully adequate to fund their liabilities, and can make new loans — don’t need a bailout. And banks that are too far gone to [...]
Treva Brandon Scharf: Engaging in regular intense exercise not only strengthens the body, it strengthens your resiliency. It toughens you up, it builds character, and it can power you through your most pressing concerns.
Tom Hayden: In light of the evidence, the broken windows theory should be scrapped as deeply flawed and probably an unconstitutional form of racial profiling and selective prior restraint against young people.
Derek Cressman: While elites on both sides are preparing this proxy battle of issues for the fall elections at the federal level, the idea of voters directly weighing in about a specific issue is being threatened in California.