The accolades for Timothy Geithner came on so thick and heavy in the last week that it's necessary for those of us in the reality-based community to bring the discussion back to earth.
The Takings Clause made national news last week with the spectacle of AIG playing Hamlet in debating whether "to sue, or not to sue" the federal government over the terms of the company's bailout -- a rather backhanded way of thanking American taxpayers for keeping the company from bankruptcy in 2008.
I suppose that he can't be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.
How fitting that Dan Quayle, a bumbling excuse for a vice president of the United States, should end up as a top executive of a $20 billion private equity firm mired in controversy.
The major challenges that face the international banking sector include cost, lack of capital and reputational issues. To rise to this challenge, banks must concentrate on becoming more customer-focused and serving real business.
How have the U.S. middle classes even vaguely been able to sustain their living standards? Answer: by taking on unpayable debt that chokes the financial system and throttles economic growth. It's an appalling situation and it's not set to change.
Over the past couple of years, a lot of attention has been placed on our health care system. The Centers for Medicare and Medicaid Services projects t...
While serious questions remain over the cost of obtaining money for Ireland when that moment arrives, the sheer fact that Ireland can now talk about leaving behind its official lenders is highly significant, and not just in Ireland, but further afield.
The big three automakers -- GM, Ford, and Chrysler -- are profitable for the first time in seven years. GM recorded its highest profits ever in 2011, earning $9.19 billion, the most in its 103-year history.
To employ the vernacular used in my day job teaching college students, I give Obama a generous B- grade. Meanwhile, the rapacious capitalist-turned-candidate Romney earns a solid F and makes Obama look quite good in comparison.
Nothing illustrates the choice between the two presidential candidates better than the 2009 rescue of the auto industry. And, despite Mitt Romney's efforts to distort the contrast with patently dishonest claims and a new TV ad, the auto rescue may turn out to be the deciding factor in the election.
"Romney's Go-To Economist" read the headline on a New York Times profile of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president.
It is absurd to depict Wednesday night's rhetorical stew of superficial nitpicking by two candidates with a proven record of subservience to the Wall Street bandits responsible for wrecking our economy as a meaningful exercise in democratic governance.
Consider that the cost of the getting to the Moon in today's dollars would be about $26 billion less than taxpayers spent bailing out the insurance giant AIG.
We can all share in the bounty of the Commons, and this can form a source of actual income to Americans. Here are a few ideas for creating a source of income for all people from the Commons with citizen's dividends.