iOS app Android app

Lawrence Summers

Growth In Social Security Applications Due To Recession

bloomberg.com | Jonathan D. Salant | Posted 05.25.2011 | Business

Applications for Social Security benefits rose almost 50 percent more than expected this year because of the recession, according to the federal retir...

Larry Summers: Cutting Unemployment Could Take Years

Yahoo! News | Alister Bull | Posted 05.25.2011 | Business

"Addressing 10.2 percent unemployment is a matter of very great urgency. It is not something that is going to be fixed in a week, or a month, or a yea...

Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

Paul Volcker: How Obama Is Tuning Out The Former Fed Chairman

nytimes.com | LOUIS UCHITELLE | Posted 05.25.2011 | Business

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in hi...

Wanted: Seeing-Eye Dog for Larry Summers

Dan Dorfman | Posted 05.25.2011 | Politics
Dan Dorfman

Now is the 'Summers' of our discontent. While Lawrence Summers declared the recession to be officially over, all signs undeniably conclude that our economy remains in ill health.

Who Are You and What Have You Done With the Community Organizer We Elected President?

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

The fatal hallmark of this president's financial policy is that it is being designed by the very people who created the mess that enriched them while impoverishing the nation, and they now want more of the same.

Summers: Banks Are "Unintended Beneficiaries" Of The Bailout

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...

Who Will Succeed Tim Geithner as Next Treasury Secretary?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The revelations that the New York Fed advised AIG to hide matters from regulators may be the final trigger for Geithner's departure -- and Obama needs to change his economic team anyway.

Still Doing God's Work On Wall Street

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Why is Summers once again running the show with Geithner when both have made careers of exhibiting total contempt for the public interest? Because there's no accountability for the high rollers of finance.

Is the President Really in Charge?

Kathleen Reardon | Posted 05.25.2011 | Politics
Kathleen Reardon

Why else would Obama be thinking of sending thousands of troops to Afghanistan? Why would he have nearly abandoned a health care public option? What happened to getting rid of lobbyists?

Why Some Elites Never Have to Say They're Sorry

Jonathan Weiler | Posted 11.17.2011 | Healthy Living
Jonathan Weiler

It's sign of a corrupt political/intellectual culture that being wrong in highly consequential ways appears to have no bearing on your implicit moral standing to propound in weighty terms on the crucial issues of the day.

Obama Not Doing Well Enough on Jobs

Steve Clemons | Posted 05.25.2011 | Business
Steve Clemons

A GDP recovery, which we are going to get, is something that the President of the United States should be apologizing for and for which he should be holding his economic team accountable.

Is Double-Digit Unemployment Here to Stay?

TIME | Joshua Cooper Ramo Friday, Sep. 11, 2009 | Posted 05.25.2011 | Business

Will creating jobs be that much slower too? Will double-digit unemployment persist even after we emerge from this recession? Has the idea of full empl...

Obama White House Doesn't Understand American Interest vs. Corporate Interest

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The Obama administration's approach to trying to move the economy forward demonstrates a fundamental misunderstanding about how corporate behavior works.

U.S. And China Pledge 'Balanced Growth' After Meeting

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The United States and China on Tuesday pledged closer cooperation to deal with global hot spots such as Iran and the worst financia...

Economic Adviser to the Aristocracy

David Bromwich | Posted 05.25.2011 | Business
David Bromwich

One sees in the recent career of Larry Summers how subtle, consistent, and pervasive are the means by which an aristocracy maintains itself.

Needed Medicine: A Dose of Inflation?

Jodie Allen | Posted 05.25.2011 | Business
Jodie Allen

it's worth asking if a carefully monitored dose of inflation, might be the fastest -- and maybe only -- way to spring America free of its debtor's shackles.

Not on the Job

Jodie Allen | Posted 05.25.2011 | Politics
Jodie Allen

The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn't been preceded by a long period of poorly paid prosperity.

Women of Science

Lee Schneider | Posted 11.17.2011 | Healthy Living
Lee Schneider

Intuition is at the core of the risk-taking nature of science. Guys like to call intuition "a hunch." But those making a career of intuition -- placing it center stage -- are more likely to be women.

Obama Sees Hopeful Economic Signs in His Speeches

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

"Every time I look at the TelePrompTer, I see the words 'turning the corner,'" Mr. Obama said. "That, to me, is a sign that we are turning the corner."

Bernanke In The Hot Seat: Fed Chairman's Entering Crucial Period

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

How long will Ben Bernanke last as the Chairman of the Federal Reserve? Well, it depends on who you ask. Bernanke is scheduled to defend his record in...

Summers Defends Record, Warns Of Seeing "False Dawns" In Economic Crisis

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama's economic adviser on Friday defended the administration's efforts to rescue banks, insurance companies and ...

Fed Hires Former Enron Lobbyist To Improve Its Image

bloomberg.com | Robert Schmidt | Posted 05.25.2011 | Business

June 5 (Bloomberg) -- The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank's gr...

Obama's Call for Educating Women

David Gartner | Posted 05.25.2011 | World
David Gartner

Education, especially for girls and women, is the most highly leveraged investment now available for developing countries.

GM: America's Favorite Abusive Husband

Allison Kilkenny | Posted 05.25.2011 | Business
Allison Kilkenny

At what point will Americans stop lying about how they got their black eyes and start blaming these giant corporations?