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UO E-Clips, Jan. 16
Top story for January 16, 2009: UO economist Tim Duy is quoted in a CNN story focusing on the troubled economy and banking industry
Stimulus: Fix the banks first (CNN.com): The success of President-elect Barack Obama's fiscal stimulus plans may hinge on fixing the banking system - again. House Democrats have proposed spending $825 billion over two years on tax cuts and new government programs in a bid to offset the steep decline in the economy. … University of Oregon economics professor Tim Duy said "there's a nontrivial risk" that the government will have to allocate even more capital to banks in the next few months.