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	<title>The Road from Ruin</title>
	<link>http://www.theroadfromruin.com</link>
	<description>A New Capitalism for a Big Society</description>
	<lastBuildDate>Fri, 04 Feb 2011 23:26:36 +0000</lastBuildDate>
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		<title>A New Capitalism for a Big Society: Sir Peter Baldwin Memorial Event</title>
		<description><![CDATA[Download audio file (MatthewBishop.mp3) Matthew Bishop and Michael Green look at the lessons to be learned from the economic crisis and set out an economic reform agenda for the Coalition government. Their new work The Road from Ruin examines the root causes of the economic crisis and charts a path forward which includes the need [...]]]></description>
		<link>http://www.theroadfromruin.com/2011/02/a-new-capitalism-for-a-big-society-sir-peter-baldwin-memorial-event/</link>
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		<title>Don&#8217;t Believe the Basel Hype</title>
		<description><![CDATA[&#8220;It&#8217;s a certainly not the easiest story to explain, but it&#8217;s hard to think of one of more importance to our future prosperity,&#8221; was the rather breathless judgement made by the BBC&#8217;s business editor, Robert Peston, to the news that the world&#8217;s central bankers had agreed a new set of rules to protect banks from [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/09/dont-believe-the-basel-hype/</link>
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		<title>China Crisis &#8211; Or Opportunity?</title>
		<description><![CDATA[&#8220;These congressmen claim they are the white knights defending the interests of the American people, but in fact, they are nothing more than a bunch of baby-kissing politicians.&#8221; You&#8217;ve got to love Xinhua, the official Chinese news agency, for its colourful rebuttal of American sabre rattling, led by Democrat Senator Chuck Schumer, over alleged manipulation [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/06/china-crisis-or-opportunity/</link>
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		<title>Krugman Versus Sachs</title>
		<description><![CDATA[An entertaining spat has broken out between two famously liberal economists &#8211; Jeffrey Sachs and Paul Krugman &#8211; over the future of public spending. In Monday&#8217;s Financial Times, Sachs outed himself as a deficit hawk, dismissing government fiscal stimulus as an unnecessary part of the economic recovery. This drew predictable fire from Krugman, who when not [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/06/krugman-versus-sachs/</link>
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		<title>The Moral Hazard of AIG</title>
		<description><![CDATA[&#8220;I&#8217;d give it an F &#8211; no, make that a D.&#8221; So said veteran insurance boss Bill Berkley of the W.R. Berkley Corporation on May 26th, when asked to grade the US government&#8217;s involvement with AIG during the past couple of years &#8211; when it first let AIG reach the brink of failure, then rescued [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/the-moral-hazard-of-aig/</link>
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		<title>To Cut, Or Not To Cut?</title>
		<description><![CDATA[On May 24th, the new British Chancellor of the Exchequer, George Osborne, will deliver on one of the Conservative Party&#8217;s big election pledges, to start to tame public borrowing by cutting £6 billion of public expenditure this year. This may seem like common sense, particularly as the Eurozone across the Channel is battered by the [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/to-cut-or-not-to-cut/</link>
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		<title>The Sum of All Fears</title>
		<description><![CDATA[So America&#8217;s financial reform bill has moved a step closer to becoming law, with the Senate version getting the necessary votes late on May 20th. Now begins the conference process of reconciling the House and Senate bills, which have significant differences &#8211; a classic smoke-filled-room activity that always has the potential for surprises, often of [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/the-sum-of-all-fears/</link>
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		<title>Europanic &#8211; the Lessons of History</title>
		<description><![CDATA[If you want to know if Euroland is going to survive the current market turmoil, don&#8217;t ask an economist. Dismal scientists can tell you all about &#8216;optimal currency areas&#8217; (Euroland is not; nor however, is the United States) and they can shed some light on fiscal sustainability (answer: it depends) but they cannot say much [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/europanic-the-lessons-of-history/</link>
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		<title>Silence of the Funds</title>
		<description><![CDATA[No mutual fund company has ever filed a shareholder motion opposed by management. Ever. As John Bogle, the legendary founder of index-fund pioneer Vanguard observed on May 19th, &#8220;Never. That&#8217;s not very often.&#8221; It is in this shockingly depressing context that the disgraceful opposition of corporate America to various shareholder empowerment proposals in the financial [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/silence-of-the-funds/</link>
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		<title>Dr Doom for Treasury Secretary?</title>
		<description><![CDATA[Nouriel Roubini has spent the past few days in Cannes, enjoying the premiere of Wall Street: Money Never Sleeps, in which the economist known as Dr Doom appears as himself. Although Oliver Stone&#8217;s sequel to the movie that gave the world Gordon Gekko&#8217;s &#8220;greed is good&#8221; speech changed plot halfway through filming &#8211; the hedge [...]]]></description>
		<link>http://www.theroadfromruin.com/2010/05/dr-doom-for-treasury-secretary/</link>
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