Last week the Financial Times ran a piece which opened thus: "Greece's banking system is being propped up by an estimated €100 billion provided by the country's central bank -- approved secretly by the European Central Bank." The news barely made it into the U.S. press.
Perhaps Mitt Romney insists on making the 2012 campaign a referendum on President Obama's record, in an effort to ignore his own. The stark contrast between Barack's legacy and Mitt's lies could not be more apparent.
Seven-in-eight nonprofits report they face increased demand for services this year, but 57 percent say they only have enough cash at one time to sustain their own operations for three months or less.
Why is this recession different from all other recessions? There is a simple answer: the austerity fetish. The bizarre notion that cutting is healing.
Bitcoin created a decentralized currency that cannot be counterfeited, will not create inflation and is free for everyone to use. Now the challenge is building confidence in alternative currency.
In these difficult economic times where discretionary funds are diminishing, a scholarship, no matter how small, can enhance the life of a young person. It also carries on the living memory of a loved one.
We need to realize that it's the econometrics, stupid. If we do not, we will continue to develop, promote and implement policies, plans and programs that are mediocre at best and counter-productive at best.
Let's coordinate a mass rehiring of workers on a voluntary basis by asking all large and medium-sized employers to increase their employment by 5 percent.
Much like the 1930s, our slow climb out of the Great Recession has been made all the more difficult thanks to the unwillingness of austerity hawks in Congress to pass the president's jobs bill and other pieces of stimulus legislation.
For 40 years, ever since Nixon's law-and-order agenda gave the impetus, the trend in social policy has been skewed to eliminate compassion and focus entirely on rule breaking.
President Obama wants to remove tax incentives for companies who takes jobs abroad and reward those who bring them back home. But will a different tax tactic do the trick?
The invisible hand that Adam Smith said would guide competitive economies to socially desirable outcomes seems to have lost several fingers.
The real meaning of the April jobs number is that the participation of age-eligible Americans in the labor force -- both working and unemployed -- is at a 30 year low. How is that synonymous with an economic recovery?
The true problem we are experiencing today is not a case of the pleebs versus the aristocracy but is in fact a form of generational warfare.
There is no excuse for feeling like a failure at life in your thirties as opposed to your twenties when you're supposed to be a failure. We know so much more now.
A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.