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Extra Credit Wednesday Edition

Market Movers

by Felix Salmon
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Can a President Delegate the Economics Stuff?   Peter Schiff on the Housing Market and the Rescue Plan

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Dec 19 2007 12:00am EDT

Extra Credit, Wednesday Edition

Is Housing Becoming Disconnected from Income?

On the hook for £100bn - it’s “business as usual” at Northern Rock

Very cool global GDP animation

Closing the mortgage barn door: "Incentives to follow prudent lending procedures did not 'erode,' as Bernanke put it. Incentives to follow imprudent lending procedures flooded the market."

Goldman's Share Count to Continue Its Steady Decline

The ludicrousness of white cachet: Would you have second thoughts about buying a Jaguar if the brand were Indian-owned?

Controversy in the Bread Aisle: "Often, breads with hearty-sounding words like “7 grains,” “cracked wheat” and “multi-grain” on the label are made with bleached flour and brown food coloring rather than healthful whole grains. Some bread packages use terms like “100 percent wheat,” which gives many shoppers the wrong impression they are buying 100 percent whole wheat bread. And many multigrain varieties contain less than 2 percent of the grains they promise on the front of the package."

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