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Standard Poors

Airplane Banner: 'Thanks For The Downgrade. You Should All Be Fired'

The Huffington Post | Harry Bradford | Posted 10.09.2011 | Business

On Tuesday, less than a week after Standard and Poor's downgraded U.S. credit for the first time in history, a plane circled lower Manhattan with a ba...

No Secrets In America's Latest Economic Crisis: Weak Economies, Weak Leaders

Peter S. Goodman | Posted 10.09.2011 | Business
Peter S. Goodman

The global economy is weak and still weakening, while policymakers seem unable or unwilling to marshal a reassuring response. From the United States to Europe to Japan, economies are stagnating, and governments are tightening the straits by cutting back on spending.

Deja Vu All Over Again

Robert Zevin | Posted 10.09.2011 | Business
Robert Zevin

Many people are worried about the recent sharp declines in stock markets around the world along with increasing turmoil in other markets and ominous i...

What's Happening to America?

Ethan Casey | Posted 10.09.2011 | Politics
Ethan Casey

A decade ago, I read a book that made a lasting impression on me. It was a memoir called Defying Hitler by Sebastian Haffner, who had recently passed ...

Downgrade S&P Status to "Amateur"

Dagobert L. Brito | Posted 10.09.2011 | Business
Dagobert L. Brito

The fact that the rating agency Standard & Poor's downgraded the U.S. credit rating from AAA to AA+ a few hours after the Treasury discovered a two trillion (!) dollar error in their calculations suggests that their "economic analysis" was just window dressing to a publicity stunt.

The Pot and the Kettle

Dr. Philip Neches | Posted 10.09.2011 | Business
Dr. Philip Neches

If the only factor in rating the U.S. national debt was the performance of Congress, we would deserve lower than junk bond status. The political polls agree.

Why This Crisis Differs From The 2008 Version

Wall Street Journal | FRANCESCO GUERRERA | Posted 10.09.2011 | Business

It is a parallel that is seducing Wall Street bankers and investors: 2011 as a repeat of 2008, the history of financial turmoil playing in one endless...

WATCH: Jon Stewart Calls U.S. Credit Rating Downgrade 'A Slap In The Face'

The Huffington Post | Katla McGlynn | Posted 10.09.2011 | Comedy

After a long stand off between President Obama and Congress over the debt ceiling, even reaching a compromise before the deadline couldn't stop Standa...

Asian Stocks Tumble Following Wall Street Plunge

AP | PAMELA SAMPSON | Posted 10.08.2011 | Business

BANGKOK — Asian stock markets jumped Wednesday following a surge on Wall Street prompted by an unprecedented pledge from the Federal Reserve to ...

William Alden

Dow Jones Suffers Worst Day Since 2008 Crisis As Economic Outlook Darkens | William Alden | Posted 10.08.2011 | Business

NEW YORK -- Stocks suffered one of the worst sell-offs in history Monday, as investors adjusted to a new world in which the United States government d...

Stock Of S&P's Parent Company Tumbles Following Downgrade

AP | Posted 10.08.2011 | Business

NEW YORK (AP) -- McGraw-Hill took a little friendly fire Monday, seeing its stock tumble nearly 8 percent after its Standard & Poor's agency downgrade...

Are Rating Agencies Acting in the Name of God?

Georges Ugeux | Posted 10.08.2011 | Business
Georges Ugeux

There is something fundamentally wrong in the rating agencies' approach: they unilaterally redefined their role from doing their job -- assessing the ability of sovereign issuers to service their debt -- to rating countries.

Oil Hits Lowest Price Of The Year After Downgrade

AP | SANDY SHORE | Posted 10.08.2011 | Business

Oil's plunge to its lowest price of the year should provide Americans with some relief at the pump. But that may not be enough to calm their fears abo...

A Poor Standard

Jonathan Richards | Posted 10.08.2011 | Politics
Jonathan Richards


Upside to the Downgrade

Adam Neiman | Posted 10.08.2011 | Politics
Adam Neiman

As it is, we all have a decent chance of muddling through. Not very satisfying considering our expectations for change we could believe in. But in light of how truly rotten underlying conditions turned out to be, it could easily and always get worse.

Obama's Discredit Rating

Sunil Adam | Posted 10.08.2011 | Politics
Sunil Adam


Open Letter to President Obama Post-S&P's Credit Rating Downgrade

Lucia Brawley | Posted 10.08.2011 | Politics
Lucia Brawley

Dear President Obama, Happy Fiftieth Birthday. As the First Lady said in her birthday email to supporters on Thursday, you're earning every gray hai...

Medicare and the Downgrade

Jared Bernstein | Posted 10.08.2011 | Politics
Jared Bernstein

If ratings agencies are going to make judgments on public health care systems, then they should do it right. An honest analysis of fiscal sustainability would point toward a larger, not smaller, role for publicly provided health coverage.

S&P Downgrade Brought On by Republican Obstructionism

Jeff Madrick | Posted 10.08.2011 | Politics
Jeff Madrick

The U.S. debt downgrade is driven by politics, not economics. And here the Republicans bear all the blame.

Slouching Toward a Double-Dip, for No Good Reason

Robert Reich | Posted 10.08.2011 | Business
Robert Reich

The American economy is on the verge of another recession, with all the human costs that implies. We don't have to be. That is the tragedy of our time.

S&P Downgrades Fannie And Freddie

AP | DANIEL WAGNER and DEREK KRAVITZ | Posted 10.08.2011 | Business

WASHINGTON — Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other entities linked ...

A Corrupt S&P Uses Shock Doctrine to Help Push Wall Street's Conservative Political Agenda

Miles Mogulescu | Posted 10.08.2011 | Politics
Miles Mogulescu

S&P's opinion on debt ratings should have almost no credibility. S&P is the same private profit-making corporation that was paid tens of millions of dollars by Wall Street banks to rate its toxic subprime mortgages and derivatives, giving them phony AAA ratings.

S&P Director: Downgrade Not 'Catastrophic' For U.S. Credit-Worthiness

AP | Posted 10.08.2011 | Business

NEW YORK -- A managing director at Standard & Poor's said Monday that he has absolutely no second thoughts about the credit ratings agency's decision ...

Global Stocks Fall After U.S. Debt Downgrade

AP | PAMELA SAMPSON and ROD McGUIRK | Posted 10.08.2011 | Business

BANGKOK — Asian stocks markets were thrown into a tailspin Tuesday as flustered investors fearing a possible global recession continued to flee ...

Police Raid Milan Offices Of Moody's And S&P

The Guardian | Posted 10.07.2011 | Business

As stock and bond markets across the world tumbled on fears about Italy and Spain, it emerged that police acting on orders from prosecutors had raided...