Mitt Romney epitomizes the unfairness of the American economy in this new Gilded Age. For that same reason, Romney is the quintessence of an economic approach shown to be anti-growth and anti-jobs. The president needs to tell this to the American people.
Say goodbye to the individual investor on Wall Street. Whatever positive impression they had of the IPO market and the stock market in general was just torched to the ground.
This holiday weekend, many Americans will feel what seems a powerful pain at the pump. But an American energy revolution that shifted meaningfully away from fossil fuels would require something more than episodic financial pain. It would require ongoing economic smarts.
Standing before soldiers at Fort Stewart, Georgia, last month, President Obama signed an executive order to protect U.S. troops, veterans and their families from predatory abuses by some for-profit colleges. So the for-profit colleges' most loyal allies swung into action.
The financial crisis and the resulting political instability in Greece has led to desperation and despondency that have clouded the core values of the Greek people.
As resistance has grown to America's widening gulf between the "1 percent" and the rest of the population, something new has exploded in America's communities; "community wealth building" is an explicit strategy to democratize the ownership of wealth from the ground up.
Did you know that the number one fear of the American public -- researched annually for the last 40 years -- has been and still is any form of public speaking!
The battle for America's entire communications future is playing out this week in two small towns in New Jersey.
I can no longer look judges in the eye and tell them I am entitled to millions in fees for so-called class member "benefits" which I believe actually harm the interests of class members, consumers, and society in general.
The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.
If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.
Nancy Pelosi just moved the $250K tax threshold up to $1 million. That is, she wrote: "Democrats believe that tax cuts for those earning over a million dollars a year should expire..." That is a very big, very bad deal.
We now have entire nations which have become insolvent. It would be very difficult to argue that having a banking crisis is better than enduring a sovereign debt crisis, especially since much of the assets banks hold is sovereign debt.
Here's the deal about this election year: Democrats are going to have to blow off these attitudes by their Wall Street gang if they are going to have a chance to win this election.
Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JPMorgan Chase's Jamie Dimon apparently have little control over the trades such as those that caused the $2 billion loss.
The "success" of private equity must mean that everyone must be an entrepreneur, an engineer or an M.B.A. "Change" that worked in the conditions of the '70s must be the solution in times that even Brooks admits are "radically different."
Here are 9 of the oddest jobs that don't require much (if any) training and could have you making money tomorrow:
Insights about business can be gleaned from almost any good book -- whether it's a memoir by a professional athlete or a page-turning account of the ups and downs of a frenetic political campaign.
A wrap-up of stories and posts you might have missed or overlooked -- the ones below the fold: There's been more than the usual static from the Federal Reserve Banks this month.
Jerry Weissman, 2012.24.05
Jeffrey Ball, 2012.24.05