What’s in a name? There’s got to be a better one for the ‘sequester’ cuts that are set to roll out beginning March 1, if Congress doesn’t act in time. Speaker of the House John Boehner is using “Obamaquester;” Marketplace listeners have their own lists going.
Fortune magazine’s Leigh Gallagher and CNBC’s John Carney will weigh in on today’s show, but in the meantime, they offer some good reading for the weekend ahead.
Leigh Gallagher’s picks:
- Time Magazine’s special report on health insurance: “Why medical bills are killing us”
- A NYT op-ed on better productivity (hint: relax!)
- From the wayback machine, a 1987 look at the Vatican’s finances by Shawn Tully that Fortune re-ran last week
John Carney’s suggestions:
- Crunch Time: Fiscal Crises and the Role of Monetary Policy. New paper from David Greenlaw, James D. Hamilton, Peter Hooper and Fred Mishkin that argues that debt becomes a problem when it reaches 80 percent of GDP
- Here’s a cheery thought: We’re underestimating the chance of human extinction, via The Atlantic
- Crown jewel lock-ups (Harvard Law School Forum): A new era of M&A is seeing the return of an old and controversial form of deal protection
Rename the sequester: Suggestions
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