City of Brass
City of Brass Archives

Megan McArdle lays out the grim outlook for the future, pointing out that tax revenues are plummeting, spending is up, and our national credit rating is in danger. Looking at the landscape ahead, especially the challenges that we as a […]

This is a great article in the London Review of Books about Islamic finance, in the context of the global banking crisis. I found this excerpt particularly insightful:  One of the central differences between the Islamic and conventional approaches to […]

Johann Hari has a landmark essay in The Independent “The Dark Side of Dubai” that lays bare the facade of the glittering city of Dubai, peeling away the illusion of modernity and freedom to reveal a shocking substrate of slavery […]

Larison makes a great point that bears repeating: let us recall that McCain supported cap-and-trade (even if he didn’t necessarily understand what he was talking about when he said so), proposed an insane mortgage bailout plan that pretty much everyone […]

The nonpartisan Congressional Budget Office has analyzed President Obama’s economic stimulus plan and concluded that it will have a definite positive impact in the short term, though with diminishing returns: In an analysis of the $900 billion version of the […]

via Clammyc at Daily Kos, here is a partial list of what the House Republicans voted unanimously against in refusing to support the stimulus package that passed without them. An increase in the maximum benefit under the former food stamp […]

I paid $2.24 per gallon this morning to fill up my Elantra. It’s bizarre to see a total bill for a fill-up under $25. The truth is that gas prices have decreased remarkably over the past month or two, despite […]

This powerpoint of unknown authorship has been making the rounds of Wall Street brokers, so Barry Ritholz embedded it online in Google Docs for all to share (click it to begin slide show): One thing worth noting, and emphasized in […]