We have an economy that is currently distributing income and benefits quite well to about 20 percent -- especially to the top 1 percent -- but an economy that is doing little for the middle class and below -- the 80 percent.
Sadly, the book confirms our worst suspicions of how our nation's capital works -- or rather, doesn't. It also reflects a news media failing in its watchdog function. Still, there is hope beyond the book's negative portrait, about which, more later.
This is just another example of the banks putting their self-interest ahead of consumers and our nation. If the credit union tax exemption were to be eliminated, the repercussions on our economy and consumers would be catastrophic.
Throughout National Hispanic Heritage Month this year (Sept. 15-Oct. 15), communities across the country are honoring the many contributions Hispanic and Latino Americans have made both to our nation and to their own cities and towns.
To understand the motivation of the financial types who brought down the economy in 2008, where better to go than the novel? Nonfiction gives us facts and their fallout, but novels (and plays) probe motivation.
Commentary and debates from some of the most talented brains in economics reveal a myriad of differing opinions surrounding orthodox and unorthodox monetary policy, but one fact we can be certain about -- QE cannot last forever.
The Republican Party is at a crossroads. It could modernize some of its positions and attitudes, in a bid to stay relevant to national politics in 21st century America. Or it could shrink to becoming a party of the South, the Plains, and a dwindling portion of the Mountain West.
I cover housing and finance for The Huffington Post. Yet on Nov. 21, 2007, I bought into the company identified more than any other with the subprime bubble and subsequent crash. I bought a $1,037 chunk of Countrywide Financial.
It's an interesting American paradox. People with my personality start big companies. Steve Jobs and Bill Gates are examples. Once the big companies get started, they never hire that same type of rebellious personality to work there. The few times I tried conforming, I failed miserably.