Doug Henwood wrote:
> Let me alert you to an 'instant book' from Vox, 'Rescuing our Jobs and
> Savings: What G7/8 Leaders can do to Solve the Global Credit Crisis':
>
> For immediate release, PM Thursday 9 October 2008
>
> RESCUING OUR JOBS AND SAVINGS
>
> We are in the throes of what is almost certainly the most serious economic
> and financial crisis of our lifetimes. The crisis is no longer a US crisis,
> or even a US and European crisis; it is a global crisis. It has spread from
> the financial sector to the real economy. It is not just investment
> portfolios and retirement accounts at risk: continued turmoil will soon
> start to destroy jobs.
>
> There is a need for urgent action. The policy response needs to be
> decisive. It needs to be global.
>
> With this sense of urgency in mind, we have assembled a group of leading
> economists to offer priorities for crisis response. The authors are:
> Alberto Alesina, Michael Burda, Charles Calomiris, Roger Craine, Stijn
> Claessens, J Bradford DeLong, Douglas Diamond, Barry Eichengreen, Daniel
> Gros, Luigi Guiso, Anil K Kashyap, Marco Pagano, Avinash Persaud, Richard
> Portes, Raghuram G Rajan, Guido Tabellini, Charles Wyplosz and Klaus
> Zimmermann.
>
> The dozen essays present a remarkable consensus on a few points: we need
> immediate, coordinated global action that includes recapitalisation of the
> banks.
>
> The book is available for free download here:
>
> http://www.voxeu.eu/index.php?q=node/2340
>
> Romesh Vaitilingam
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>
>