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What the 'Steve Jobs' Movie Won't Tell You About Apple's Success

Lynn Parramore | Posted 10.26.2015 | Business
Lynn Parramore

Mazzucato debunks common myths about how innovation works and shapes a new narrative on how to grow a robust and inclusive economy. Think that iPhone in your pocket is simply a product of Silicon Valley magic? Think again!

Three Rich Treasury Secretaries Laugh It Up Over Income Inequality

The Huffington Post | Zach Carter | Posted 09.04.2015 | Politics

Three of the world's richest and most powerful people (and Timothy Geithner) had a good laugh over income inequality earlier this year. Former Treasu...

Must-Read Investigative Report Highlights Wall Street's Latest Lobbying to Avoid Key Financial Reforms

Dennis M. Kelleher | Posted 08.28.2015 | Business
Dennis M. Kelleher

Reuters' Charles Levinson has written a must-read investigative report on Wall Street's latest scheme to avoid critically important financial reforms: change a few words in their derivatives contracts and pretend that they are not guaranteeing their overseas affiliates.

Review: Janet Tavakoli's Decisions: Life and Death on Wall Street

Nomi Prins | Posted 06.28.2015 | Business
Nomi Prins

Janet Tavakoli is a born storyteller with an incredible tale to tell. In her captivating memoir, Decisions: Life and Death on Wall Street, she takes us on a brisk journey from the depravity of 1980s Wall Street to the ramifications of the systemic recklessness that crushed the global economy.

What Explains the Election Results? It's (Still) the Economy

Dennis M. Kelleher | Posted 01.10.2015 | Politics
Dennis M. Kelleher

No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.

Banking That Wall Street Will Save Us From the Tea Party and Default?

Les Leopold | Posted 10.15.2013 | Politics
Les Leopold

It's as if we've forgotten that these very same financiers not so very long ago took down the global economy with their bewildering array of fictitious financial instruments and gambling operations, many of which are still in play. Now we expect them to work in behalf of the common good?

AIG's CEO Says Criticizing AIG's Bonuses Like Lynching African Americans During Jim Crow

Dennis M. Kelleher | Posted 11.25.2013 | Business
Dennis M. Kelleher

How could anyone five years after the crash have such disgraceful beliefs? It's the predictable outcome of trillions of dollars of no strings bailouts for Wall Street with no accountability for the financial crash and Wall Street's role in causing it.

Is the U.S. Becoming the Eurozone?

Jared Bernstein | Posted 09.14.2013 | Business
Jared Bernstein

One wonders how regional bailouts would play out in today's U.S., with our far more polarized nation. I suspect at the end of the day New York would bail out Texas, but a lot more teeth would be gnashed today than in 1989.

Zach Carter

Dem Senator: Obama Is 'Wrong' On Big Banks | Zach Carter | Posted 04.26.2013 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...

Zach Carter

Dem On New Derivative Rules: 'This Could Come Back And Haunt You' | Zach Carter | Posted 03.20.2013 | Politics

WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...

Greece: How Long Until Junta?

Bill Frezza | Posted 03.30.2013 | World
Bill Frezza

Read through the stories appearing everyday in the Greek press (which you might only find buried on the back pages of American newspapers) and you will undoubtedly ask yourself: "How long will these proud people put up with such degradation?"

Who Will Carry the Water?

Tom Cooley | Posted 03.27.2013 | Business
Tom Cooley

To persuade us today that a future Treasury Secretary really will pull the plug on an insolvent US G-SIFI, the resolution scheme will have to be widely viewed as nearly foolproof -- that is, virtually free of "Lehman risk."

Occupy Wall Street: A One Year Retrospective

Benjamin Powell | Posted 12.29.2012 | Politics
Benjamin Powell

Capitalists don't make society poorer when they have to win your voluntary purchase of their products. These wealthy people are only a problem when they get government to act on their behalf.

TARP Watchdog Wants Libor Completely Out Of Bank Bailouts

The Huffington Post | Mark Gongloff | Posted 09.25.2012 | Business

The Treasury Department's bailout watchdog wants to stop using the flawed Libor rate in setting the terms of bank bailouts. Too bad she wasn't arou...

Paul Ryan's Bailout Hypocrisy

Reuters | Posted 10.19.2012 | Business

* Republican VP candidate voted for 2008 auto bailout * Ryan broke with party to try to save hometown GM plant * Spendin...


Miller Hudson | Posted 08.15.2012 | Denver
Miller Hudson

Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.

Why Jamie Dimon Will Rebound

Rick Newman | Posted 08.14.2012 | Business
Rick Newman

By acknowledging that he screwed up, Dimon showed the kind of forthright accountability we should expect in all types of leaders. It may even make him a better CEO.

The Truth About the President and the Deficit

Bob Cesca | Posted 07.23.2012 | Politics
Bob Cesca

Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.

European Elections Complicate Outlook

Mohamed A. El-Erian | Posted 07.06.2012 | Business
Mohamed A. El-Erian

Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Eastwood Super Bowl Ad: Powerful, Inspirational and Dead Wrong

John Hrabe | Posted 04.13.2012 | Business
John Hrabe

The American recovery won't come from Detroit's dogged persistence. It will come from innovative computer geeks and social misfits. Instead of a pep talk, we need a lesson in computer programming.

The Party People of Wall Street

Bill Moyers | Posted 03.31.2012 | Business
Bill Moyers

A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.

Markets Balance Solvency, Growth and Liquidity

Mohamed A. El-Erian | Posted 03.29.2012 | World
Mohamed A. El-Erian

The health of the global economy, and that of markets, depends on the success of a series of medium-term hand-offs between the public and private sectors -- in growth, balance sheets and credit flows.

Bankers Look To 'Recommit' To 'Safety And Soundness' At Davos

Reuters | Posted 03.27.2012 | Business

By Alexander Smith DAVOS, Jan 26 (Reuters) - Bankers feel under siege, and from the heights of Davos in the Swiss Alps they are lookin...

Break Up Bank of America Before It Breaks Us

Mary Bottari | Posted 02.20.2012 | Business
Mary Bottari

Most Americans have had it with bailouts of the big banks on Wall Street when so little has been done for Main Street.
Banks that are "too big to fail" are too big to exist.