Mexico: So Close and Yet So Far

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Our “neighbor to the south” is finally receiving some long overdue attention, albeit for undesirable reasons. Mexico’s crisis is stealing headlines here in the U.S., a difficult task during an economic crisis. Without a moment to spare, the White House has announced that President Obama is planning a visit to Mexico.

Finally, a Brilliant Idea on Toxic Assets

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On Simon Johnson’s excellent blog, the Baseline Scenario, this morning, I came across the best idea I have seen to address the toxic asset issue while taking into account the populist sense that the little guy is taking all the pain and getting none of the potential gain.

Bernard Schwartz, Laura Tyson, Martin Wolf, George Soros Mark Zandi and Others to Headline Major NAF Economic Policy Forum on London G-20 Meeting and What Will Replace US Consumer

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Regrettably, the Obama administration seems to be fumbling the ball on an economic policy course that restores confidence in the American economy on both the optics level and also on a substantive front that reorganizes the “social contract” and design of the real economy in the U.S.