First Thoughts: Health-care battle continues

Health care battle continues… OFA releases new TV ad trying to boost the health law’s popularity, while GOP politicians try to chart a course on how to roll back the law… Gingrich: GOP can’t just be against Obamacare… Violence in Egypt represents foreign-policy disaster for U.S… The sequester’s impact on science funding… And the latest […]

Asia stocks begin 2013 journey in upbeat fashion

By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) — Stocks in Hong Kong and Australia jumped to multi-month highs Wednesday as Asian markets began their 2013 journey on a buoyant note after the U.S. House of Representatives voted in favor of legislation to undo much of the fiscal cliff. Hong Kong’s Hang Seng Index /quotes/zigman/2622475 […]

Moral Obligation Coupons

Don’t like a gold silver option? Here’s a functionally homogeneous alternative: have a Treasury sell pieces of paper labeled “moral requirement coupons”, that announce a goal of a supervision to redeem these coupons during face value in one year. It should be clearly settled on a coupons that a supervision has no, repeat no, authorised […]