Team Hillary clearly wants to pigeon-hole Sanders on one side of the debate hoping to isolate him from Black and Latino voters. But her strategy is likely to fail. As minority voters get to know Sanders better, his message is likely to erode Hillary's support.
The movie's coda informs us that despite the enormous damage done by Wall Street, little has changed. That's simply not true. So what's missing from "The Big Short"? For starters: Dodd-Frank, Elizabeth Warren, Occupy Wall Street and Bernie Sanders.
As a proponent of both democracy and capitalism, I've always wondered why opponents have negatively critiqued capitalism. Until the Wall St. Crash of 2008, and its subsequent Great Recession, I took no notice. The basic argument against was greed. 2008 confirmed this.
Hillary knows that the disastrous legislation, the Commodity Futures Modernization Act (CFMA), had nothing to do with Sanders and everything to do with then-President Bill Clinton, who devoted his presidency to sucking up to Wall Street. Clinton signed this bill into law as a lame-duck president, ensuring his wife would have massive Wall Street contributions for her Senate run.
Fed Chair Janet Yellen all but confirmed the Fed was ready to raise interest rates in December.
Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.
When I was in junior high school I excelled in literature and math. You know -- fractions, algebraic equations, and Venn diagrams. Economics, not so much. Too many theories, too abstract. It wasn't concrete.
Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.
Whether in our personal relationships or our business ones, there isn't anything more important than trust and reputation. When trust is lost, it's a long haul over a hard road to earn it back.
As a correspondent for two business news networks (CNN and Bloomberg), I had to listen to almost every public utterance of Chairman Greenspan and his successor, Ben Bernanke.
I am reading "Daniel Patrick Moynihan, A Portrait in Letters of an American Visionary" edited by Steven Weisman. It is a good title because Moynihan was indeed a visionary.
It's late spring, and the Chicken Littles are back. They don't fly but they do cluck.
Have Fed officials, including Chairs Ben Bernanke and Janet Yellen, continued to destroy the source FOMC transcripts following the Greenspan Fed officials who voted to destroy them in 1995?
Do we just fasten our seatbelts for a bumpy ride, or is there a way to smooth the path ahead? In this interview, Alan Taylor discusses his findings and suggests ways to safeguard the financial system.
Perhaps the disconnect between what the economy seems to be doing and the way people feel about it is that many don't necessarily agree that our economic condition and our overall happiness are the same thing.
Federal Reserve Board Chair Janet Yellen made waves in her Congressional testimony last week when she argued that social media and biotech stocks were over-valued. She also said that the price of junk bonds was out of line with historic experience. By making these assertions in a highly visible public forum, Yellen was using the power of the Fed's megaphone to stem the growth of incipient bubbles. This is an approach that some of us have advocated for close to twenty years.