At the end of 2008 the economy was facing a deflationary threat. In response, the government put a stimulus program into place and the Federal Reserve lowered interest rates to near zero. So, how has this paid off?
Welcome once again to our year-end wrap-up and awards ceremony. Honesty dictates that I immediately genuflect to The McLaughlin Group, from whom I have stolen all these award categories.
The global economic decline has hit Central America hard. Unemployment has increased, remittances from emigrants have declined and governments face ri...
Five years on from the terrible tsunami of 2004 that ravished our island, now is truly an exciting time for Sri Lanka. We are creating a land of opportunity for all Sri Lankans and no one will be left behind.
The season of holiday specials is in full swing and one stands out as particularly poignant in these economic times. In Frank Capra's timeless fable,...
It's that familiar season, full of quaint old false beliefs. Like that crazy Santa Claus notion there's such a thing as just desserts. Who's been naug...
Anyone who thinks the U.S. is headed back to normality in terms of economic growth and employment is simply not looking at the facts.
The Fed needs to go on the offensive and force banks to reduce loans to reflect their real property values -- not the values based on a Wall Street Ponzi scheme that drove up housing costs.
'Tis the season for gift giving, and the President of the United States is in need of presents. Barack Obama could use some gifts to cheer him up and get his presidency back on track.
On Thursday December 10, 2009, in the dark of night in Washington D.C., the U.S. House of Representatives was overcome with amnesia. They acted as though the financial crisis never happened.
"This amendment starts from the premise that health care is a human right, and that every citizen, rich or poor, should have access to health care, ju...
Shortsighted budgeting has befallen most public entitlements, including foster care. This despite years of research that has consistently shown that investing in children is met with positive returns.
The games that have been legalized market to those on the "wrong side of the economic table." There have been few, if any, moves by states to monitor the losing of their lottery customers.
The downturn has been particularly brutal on the young. This is a social and human calamity. Without jobs, young people don't develop skills or discipline that makes them employable in the future.
If you are one of the estimated 50 million Americans who are drowning in credit card debt, know that while it may not be easy you can get out of debt.
Many dread how badly the election is shaping up. Commentators predict double digit Democratic losses in the House and further retreat from the sixty vote threshold in the Senate.
As the ability to charge-now, refinance-later vanished when most homeowners' equity evaporated, I hoped the chronic consumer had also become extinct.
We look back with pride, and with some amazement really, at these great civil justice wins during the past decade. It hasn't been easy, and there are many to thank.
As the messy debate on health care nears its conclusion, I want to take just a moment to look at the next major issue likely to be taken up by Congres...
We still have a way to go until job opportunities are abundant, but my colleagues in Congress and I remain committed to creating jobs, especially in the communities hardest hit by the recession.
One can debate whether a trader tax is wise or unwise on the whole, but it seems spurious to suggest the bulk of the tax burden should fall on traditional equities like stocks.
