Banks More Willing to Lend

The latest data from the Federal Reserve Survey of Senior Loan Officers show that banks continue to loosen their credit standards and narrow their interest rate spreads on commercial and industrial loans. The chart shows …
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High Wages for Low Skills?

Seth Godin has a very good blog post on economics, which makes the point: "It was the inefficiency caused by geography that permitted local workers to earn a better wage . . . ." There's …
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