Nearly four years after the Great Bailout, we continue to subsidize banks through low-cost funding, and through meaningless slaps on the wrist for ongoing malfeasance.
The world recovery can continue, and can strengthen. The right pace of fiscal consolidation, continuing expansionary monetary policy, getting the financial sector back to health to decrease borrowing costs, and solidarity, especially within the Euro zone, are all of the essence.
While some economies are crashing, the celebrity of some economists is booming. One of these celebrated economists is Martin Wolf, the chief economics commentator at the Financial Times and surely one of the world's most influential columnists.
Asia's growth has brought a new set of challenges, from food insecurity to growing urban slums to rising inequality.
At a crucial moment in world history, a meeting with potentially historic ramifications is about to take place: a joint meeting of the G20 and B20 -- the heads of state and government of the world's 20 major economies, and the major business organizations of those nations.
Joe, you are the New York Times chief columnist on banking. It's time for you to focus on the real problem with the banking system and stop looking for saviors. It's banking policy, not people, Joe, that needs changing.
Instead of being the strong economy holding the global economic system together, China may be another cause of instability, risk and uncertainty. Though China is on the other side of the globe, its economy may have a profound effect on us locally.
The global economic orthodoxy is being widely rejected by people who are pessimistic about the direction their country is taking. Most people have little faith that the lives of their children and future generations will be better off.
Some economists believe that Asia is largely insulated from the ongoing economic crisis in Europe and North America. However, there are a number of trends and associated risks emerging in Asia at the present time that fundamentally challenge this assumption.
We are living through very difficult and challenging times, with much attention on Spain as this country struggles to get its economy moving again. The launch of El Huffington Post represents yet another way that today's global challenges are pulling us closer in partnership.
Austerity Isn't Working's goal is to illustrate the human cost of austerity, compile the growing economic evidence that austerity isn't working, and promote fresh ideas designed to shape a fiscally responsible, pro-European, pro-growth response to the crisis.
If bank runs in Greece spread to Spain, Italy, Portugal, and Ireland, they will then spread to Belgium and France and from there to other parts of Europe and, potentially, even the U.S.
On my way to our tiny airport in Maseru, I couldn't believe that in just a couple of days I would be speaking at a press conference in Washington, D.C. I am 37 years-old and I was finally fulfilling my lifelong dream of traveling to America.
It is time to challenge the underlying assumptions of austerity by asking three fundamental questions. (1) Is it fair? (2) Is it working? (3) Is it needed?
We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.
Last week's shellackings across the Atlantic were bad news for both Democrats and Republicans -- because it will make bipartisan deficit reduction that much spookier for everybody in Washington.