By Scott R. Eliason
I discovered worthwhile simply the 1st 3 chapters. For the remaining most likely including a few extra element and factors (and pages) might have made it extra transparent and comprehensible. the 1st chapters are an outstanding advent. The examples within the later chapters aren't very transparent. at the least they don't simply persist with from the cloth formerly awarded.
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Additional resources for Maximum Likelihood Estimation: Logic and Practice (Quantitative Applications in the Social Sciences)
A global consensus has now emerged that too-big-to-fail is the biggest single threat to our bank system. Economist Henry Kaufman, a conservative voice, had a lengthy op-ed in the Wall Street Journal that reaches this conclusion. Paul Volcker, former Fed chairman and now chair of the President’s Economic RecovÂ�ery Advisory Board, agrees. Former Fed Chairman Alan Greenspan—whose autoÂ�biography is one long, standing ovation for Ayn Rand—has said that too-big-to-fail is dangerous. Mervyn King, the governor of the Bank of England, has said it.
We gave huge sums of money to resuscitate the shells of companies that probably won’t come back. ” It doesn’t matter what the nameplate is—Kia, GM, Chrysler—but make them here. Set the number high enough so that the companies could genÂ�erate a profit because of scale. government’s place 44 in the market Electric cars face a major challenge, but one that also offers opportunity: you can’t get very far on an interstate highway in an electric car. The govÂ�ernment, which built the highways during the Eisenhower administration, should build recharging stations wherever there are gas stations on the interstate.
Clearly the system had broken down. Anyone who digs into the issue of corporate compensaÂ�tion will see that what was going on was an outrageous betrayal of fiduciary duty. Here’s another example. There’s someÂ�thing called spinning. When an investment bank does an IPO, and the IPO is hot—the stock is going to jump on that first day of sale—they give some of these hot stocks to the CEOs of their clients. Why? To keep them happy, so they stay as clients. As atÂ�torney general I said that should not be permitted; it violates the fiduciary duty of the CEO to the company.