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Neil K. Shenai

Entries by Neil K. Shenai

NFL Predictions: Ignore the Experts (except for me)

(0) Comments | Posted September 5, 2010 | 11:37 AM

At long last, the NFL season is upon us. For most football fans, August is a time of unbridled optimism - every team is undefeated, everyone's fantasy football team is filled with sleepers, breakout players, and can't-miss prospects, and preseason games hint at the entertainment entailed during the regular season....

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Leave Lebron Alone!

(7) Comments | Posted July 11, 2010 | 2:36 PM

OJ Simpson, Michael Vick, Ben Roethlisberger, Jamarcus Russel, Tiger Woods, and now...Lebron James?

Okay, so that is a bit hyperbolic. But judging by the collective conniption of the US sports media, you would believe that Lebron James just committed one of the worst atrocities known to man. Yes people, it's...

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Selling the Deficit: When Austerity Matters

(3) Comments | Posted June 3, 2010 | 1:00 PM

Over the past month, the blogosphere has born witness to a heated debate regarding the sustainability of fiscal deficits in the United States. On the left, economist Paul Krugman continues to defend the sustainability of US fiscal deficits, claiming that more deficit spending is needed to combat leftover...

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Europe's Reckoning

(0) Comments | Posted May 6, 2010 | 6:15 PM

And so it is. Ten weeks ago, I issued a warning to Europe and in particular to the leaders of Germany and France:

The EU should not underestimate the likelihood of broader financial contagion within the Eurozone. Authorities would be remiss to dismiss Greece's troubles as purely idiosyncratic,...
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A Very Rough Draft

(1) Comments | Posted April 22, 2010 | 11:36 AM

Tonight marks the beginning of the seventy-fifth annual NFL draft. As a fan of one of the worst teams in the National Football League, the Buffalo Bills, the draft provides me with a rare respite from the trials and tribulations of Buffalo's enduring mediocrity. Don't get me wrong - the...

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Free Fraudin' at Goldman

(3) Comments | Posted April 16, 2010 | 3:53 PM

The SEC sued Goldman Sachs today claiming that it intentionally created a mortgage investment that was designed to fail.

Goldman Sachs issued a press release in response, tersely dismissing the charges as "completely unfounded in law and fact."

Before considering the merits of this...

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A Revalued People's Currency? Be Careful What You Wish For

(4) Comments | Posted April 5, 2010 | 4:32 PM

Treasury Secretary Timothy Geithner, on a recent trip to India, reiterated his hope that China would revalue its currency. In an interview on Indian television, Geithner claimed that he trusted the Chinese to do what was in their best economic interest.

In recent weeks, Obama Administration officials...

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Plato's Bankrupt Republic

(15) Comments | Posted February 15, 2010 | 1:24 PM

The Greeks have a penchant for being ahead of the curve. With the rest of Europe mired in tribal warfare, the Athenians built a democracy. Three thousand years before the Cold War, the Greeks mastered bipolar conflict and founded the realist international relations tradition, as told by Thucydides...

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Labor Dispute Threatens the NFL (And What We Should Do About It)

(24) Comments | Posted February 8, 2010 | 3:11 PM

As if anyone needed a reminder about why football is the best form of entertainment around, one need not look further than yesterday's Super Bowl between the Indianapolis Colts and New Orleans Saints. Super Bowl XLIV was by all accounts one of the most entertaining Super Bowls played...

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Ben Bernanke Deserved Confirmation

(27) Comments | Posted February 3, 2010 | 5:14 PM

That was a close one. Despite growing furor over his handling of the US economy, prudence beat populism as the Senate confirmed Dr. Ben Bernanke for a second term as chairman of the Federal Reserve.

Given the number of challenges he faces, I am half surprised that...

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Obama's Plan Finally Attacks "Too Big to Fail"

(2) Comments | Posted January 21, 2010 | 10:54 PM

On Thursday, President Obama announced his most sweeping financial reform proposal to date, calling for a limit on the size of the nation's financial institutions. His proposal bars commercial banks such as Citigroup, JP Morgan, Bank of America, Morgan Stanley, and Goldman Sachs from sponsoring private equity and...

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Why Taxing Wall Street Makes Sense

(9) Comments | Posted January 14, 2010 | 4:52 PM

Today, the Obama administration announced a sweeping "financial crisis responsibility fee" designed to recoup taxpayer losses over last year's bailouts of Wall Street's financial institutions. The New York Times reports that the fee will be in place for the next ten years and will tax banks' eligible liabilities....

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Saving Christmas From the Economists

(1) Comments | Posted January 5, 2010 | 3:36 PM

Every year around the start of December, I remember an article from The Economist magazine back in 2001. (An ungated version of the article is available here.)

The author's premise is simple: holiday gift giving produces a deadweight loss for society. He cites a study that estimates that...

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