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Joseph Stiglitz

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“ Goldman's activity is of negative social value. Its recent profits came from trading, which basically amounts to profiting from insider information at the expense of others. ”
Goldman Sachs finds success has critics
United Press International
“ This was not just a problem of something going wrong with the plumbing, and you call in a plumber and you unclog the pipes and everything goes back to where it was ”
U.N. panel wants new global reserve system
United Press International
“ Money that used to be spent on American goods now got diverted abroad ”
Fed failed twice, says Nobel economist
United Press International
“ How can advice on democratic reforms be taken seriously when the multilateral institutions that offer it do not subscribe to the same standards of openness, transparency and participation they advocate? ”
Analysis: Bush stuns with Wolfowitz pick
United Press International
“ I feel the time has come for us to review because we have lost a lot as the value of our currency has fallen ”
Mahathir says peg should be reviewed
United Press International
“ It would be nice for us veterans of the Clinton Administration if we could simply blame mismanagement by President George W. Bush's economic team for this seemingly sudden turnaround in the economy, which coincided so closely with its taking charge. But although there has been mismanagement ...the economy was slipping into recession even before Bush took office. ”
Think tanks wrap-up
United Press International
“ It disturbs me that some governments are much more sympathetic towards corporate welfare than they are to individual welfare ”
Nobel economist critical of US econ policy
United Press International
NBA: Cleveland 111, Dallas 95 (9 min)
NHL: Atlanta 1, Philadelphia 0 (11 min)
UPI NewsTrack Sports
UPI Sports Calendar for Sunday, Nov. 29
NHL: Calgary 4, Columbus 3 (SO)
COL BKB: Ohio State 110, Saint Francis 47
NHL: Washington 4, Montreal 3 (SO)
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