The Wedding Presents

by Harry on August 17, 2007

Our wedding was, in so far as any can be, a happy accident, and nearly as low-key as possible (we had four guests, I made dinner, and the secretary in the UC Davis Philosophy department who was a minister of that church that the Revd. Jim was with in Taxi, signed the papers with us. She subsequently presided over an even more minimalist wedding, inspired by ours, over lunch on a workday in the outstanding student cafeteria they used to, and for all I know still, have there). So, no family, and not much in the way of gifts.

So you might think I’m not one to offer advice on what to ask for for a wedding present. But, as ever, I have strong opinions, after 15 years of marriage, about what is actually worth having, and feel obliged to pass them on to my excellent friends who are about to tie the knot, and have relatives who will not only attend the wedding but are keen to give them gifts. Here are my 4 top picks:

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How big a slump?

by John Quiggin on August 17, 2007

With stock markets down 10-15 per cent in the last few weeks, it’s a good time to ask whether this will have real effects beyond the value of our superannuation. The immediate starting point of the current disruptions was evidence that defaults on US mortgage markets were worse than expected. An obvious question is whether this underlying shock is large enough to have substantial effects in itself, or whether the problem is mainly one of liquidity and confidence.
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