All Library branches will be closed and the Mobile Library will not make its regularly scheduled stops on Monday, May 29, for Memorial Day.

The Library Center and Schweitzer Brentwood branch libraries will not have phone service Monday, May 29-Tuesday, May 30, due to maintenance. Please call (417) 865-1340 for assistance.

array
1
struct
ICON_URL /images/research/topics/business.gif
LABEL_ID 46
LABEL_NAME Business
LABEL_URL business.cfm

Related Resources

struct
ARTICLE
array
1
struct
ARTICLE_DATE April, 15 2008 00:01:00
ARTICLE_DATE_STR 20080415
ARTICLE_DESCRIPTION <p>The new economic America.</p>
ARTICLE_ID 81
ARTICLE_STATUS published
ARTICLE_TEXT <p>It was once&nbsp;taken for granted&nbsp;that all swans were invariably, uniformly, unfailingly white.&nbsp; When Europeans &quot;discovered&quot; Australia, however, they also discovered black swans.&nbsp; Today the term &quot;black swan&quot; is used for an event that blasts apart the boundaries of received knowledge and rational expectation.</p><p>Kevin Phillips, who has made the circuitous journey from Reagan strategist to economic populist, challenges us to discern the black swan on the economic horizon.&nbsp; In <a href="http://coolcat.org/search~S1?/tbad+money/tbad+money/1%2C2%2C4%2CB/exact&amp;FF=tbad+money+reckless+finance+failed+politics+and+the+global+crisis+of+america&amp;1%2C2%2C">&quot;Bad Money&quot;</a>&nbsp;(scheduled for 4/15 publication), Phillips suggests that the financial services sector, responsible for some 40% of economic growth and employment during the Bush&nbsp;presidency, as presently constituted is a WMD&nbsp;that&nbsp;ultimately will demolish&nbsp;not only itself but the fundamental economic&nbsp;parameters to which we are accustomed.&nbsp;The <a href="http://www.post-gazette.com/pg/08097/870372-148.stm">new economic America</a> that will reluctantly emerge is likely to have vastly different expectations and structure.<br /><br />(Have you come across the term &quot;neutron loan&quot; in the financial press?&nbsp; Like a neutron bomb, a neutron loan destroys the people and leaves the houses standing.)</p>
ARTICLE_TITLE Mugged by a Black Swan
ARTICLE_TYPE_ID 1
ARTICLE_TYPE_NAME Article
ARTICLE_YEAR_MONTH_STR 200804
NEW_USERID 7
PAGENAME article.cfm
USERFNAME Mike
USERID 8
USERNAME undefined
USER_FNAME Mike
USER_LOGIN mikedep
COMMENTS
array [empty]
LABELS
array
1
struct
ARTICLE_ID 81
GROUPDIR research
GROUP_ID 83
GROUP_NAME Research
ICON_URL /images/research/topics/business.gif
LABEL_ID 46
LABEL_NAME Business
LABEL_URL business.cfm
LINKS
array [empty]
Business

Mugged by a Black Swan

It was once taken for granted that all swans were invariably, uniformly, unfailingly white.  When Europeans "discovered" Australia, however, they also discovered black swans.  Today the term "black swan" is used for an event that blasts apart the boundaries of received knowledge and rational expectation.

Kevin Phillips, who has made the circuitous journey from Reagan strategist to economic populist, challenges us to discern the black swan on the economic horizon.  In "Bad Money" (scheduled for 4/15 publication), Phillips suggests that the financial services sector, responsible for some 40% of economic growth and employment during the Bush presidency, as presently constituted is a WMD that ultimately will demolish not only itself but the fundamental economic parameters to which we are accustomed. The new economic America that will reluctantly emerge is likely to have vastly different expectations and structure.

(Have you come across the term "neutron loan" in the financial press?  Like a neutron bomb, a neutron loan destroys the people and leaves the houses standing.)


Find this article at

Free wi-fi

Friends of the library

The Library Foundation

Bookmark and Share

Sign up for the newsletter

© Springfield-Greene County Library District