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March 2023

Good Bank, Bad Bank

I am worried that my previous post may have been too favorable to bankers.  Bankers are not universally loved.  They have a reputation for foreclosing on decent people having a hard time financially, for not lending to anyone except those… Read More »Good Bank, Bad Bank

SVB and Bank Profits

This article in The Economist magazine describes well what happened with Silicon Valley Bank and some other impending bank failures.  It also describes the other side of the banking business, which is getting less attention today.  The lesson of SVB… Read More »SVB and Bank Profits

High Tech Immigration

There are two types of immigration, as I described earlier in my blog on Immigration and Employment. A recent article in Foreign Affairs, “Innovation Power” has picked up the theme of needed high tech immigrants. It says: In addition to… Read More »High Tech Immigration

MTCR Is Still in the News

CNBCTV, reporting on India’s missile program, describes how India bypassed the Missile Technology Control Regime (MTCR) sanctions on new missile programs. At the State Department, I began working on developing the MTCR while Jimmy Carter was President. After Reagan was… Read More »MTCR Is Still in the News