The idea that Barack Obama would still consider appointing Lawrence Summers to head the Federal Reserve rather than order an investigation into this former White House official's Wall Street payments mocks the president's claimed concern for the disappearing middle class.
It is one of the grossest miscarriages of Wall Street power and government obeisance resulting in billions of consumer dollars going into the pockets of banks, hedge funds and traders producing and adding nothing to the economic wellbeing of the nation, other than lining their own pockets.
Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.
This case against Tourre is an odd one. Despite the efforts of the SEC to characterize him as another swashbuckling master of the universe, he's really not that kind of figure at all and that personality, reflected in this email, may well surface during the trial.
Corporations are made up of people, but given their juggernaut of financial power which also gives corporations the ability to live long and prosper to borrow a phrase from Star Trek, does that make corporations people too?
At the outset, let me state that I have no idea whether the price of gold will continue to decline or will reach new highs. Neither does anyone else. That's precisely my point.
If the new Egypt, the most populous Arab nation in the world, empowers its women fully, it can also become the strongest, most prosperous and hopefully most peaceful nation in the region.
Nothing will replace good service. No amount of holiday cards, phone calls, discounts or anything else will make up for poor service. When a client brings you a project, you need to treat them like royalty.
A big reason behind the continuing mentality of denial with respect to questions of ethics on Wall Street is quite simply that Wall Street has been able to buy off any finding of culpability.
It's all true -- and there are many more astonishing facts to be found in the world of corporate taxation. To fix the economy more people will need to learn about them -- and demand that they be changed.
The stress that comes with making more money and having more power takes a toll on your body, mind and soul.
The U.S. Treasury is in a bind. Everyone seems to agree that Fannie and Freddie, wards of the government, should be downsized. But how to do it with...
Susanne Craig's story in Thursday's New York Times about Goldman Sachs & Co.'s Lloyd Blankfein and his longtime No. 2 Gary Cohn is, like so many Wall ...
The annual report is a once-a-year opportunity for public companies to engage, educate and attract investors, prospective employees, and potential partners. Today's annual report should be an eagerly clicked-upon link that provides a personal (yes, personal!) experience to the person looking to know what a public company has been up to over its past fiscal year, and what its people have to say about it.
Film: The East (2013) Cast includes: Brit Marlin (Arbitrage), Alexander Skarsgard (True Blood), Ellen Page (Juno), Patricia Clarkson (Shutter Island),...
So if the U.S. is lagging behind countries like Australia and Germany, why should anyone be optimistic about solving the climate crisis with tools that make economic sense?