Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Tuesday Quick Links | February 2, 2010

– The Obama Administration is set to make $30B available to community banks for small business lending. The proposal comes as part of a broader package of ideas to boost job creation amongst small businesses.

– Former Treasury Secretary Henry Paulson explains the necessity of TARP and other government bail-outs in the wake of Lehman collapsing: “We easily could have had unemployment of 20 percent,” he said. “That would have meant millions of additional jobs lost, millions of additional homes lost, trillions more lost in savings. It would have been terrible.” I know I supported the stimulus on this blog, and this is precisely why I did. The alternative was too terrible to contemplate.

– As the global economy improves, more focus will shift to rising oil prices.

McKinsey agrees with me that deleveraging has the potential to be both a very painful process and a long-term drag on our economy.

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