For decades the idea of a financial transactions tax (FTT), in effect a modest sales tax on stock, bonds, derivatives and other financial assets, has ...
I keep hearing the phrase "Bernie's the real deal" coming from Democrats these days. Most of what he says reflects positions he's held for a very long time. And the key point the media is so far still mostly missing is that Bernie's issues are what is causing his surge in popularity.
Even a casual observer can see the intense drive to bring sustainability factors into the massive national mission to grow China's economy. Like that drive to grow the economy, the effort to add pollution control, renewable resources and concern for ecology to that growth is a clear and prominent part of Chinese public policy.
The news that Alexander Hamilton is to be demoted from the $10 bill was received with a shudder by America's most prominent financiers. Former Fed cha...
The No vote to austerity by a margin of 62 to 38 is a stunning vindication of Greek Prime Minister Alexis Tsipras's tactical gamble. The stakes, however, are larger than Greece. It's increasingly clear that the E.U. needs to change course -- not just to save Greece but to save itself.
If the last worker hired is being paid an hourly wage less than the value of the firm's output per hour, if would make sense to hire additional workers. The theory isn't completely batty, but it is way too easy to find egregious exceptions.
As a whole, baby boomers came of age during the early 1950s through the late 1970s. Let's take a glance at boomers' lives through a kaleidoscope of defining social moments.
In 2007, the US economy entered a recession. The economy contracted and the unemployment rate was rising. The insolvency of Bear Stearns in March of 2008 prompted the Federal Reserve of New York to infuse $25 billion into the bank to provide life support pending a merger or purchase.
As the 2016 presidential campaign kicks off, the economy is growing and Americans are getting back to work. However, for far too many people plotting a course from the working class to the middle class requires navigating dangerous waters filled with financial icebergs.
You can't buy much for $2 these days, but in Philadelphia, you can feed yourself and a homeless neighbor with just a couple of bucks.
As the job market has gradually tightened, I've expected to see some upward movement in the labor force participation rate, as labor demand pulled more people into the workforce. The fact that this has yet to occur suggests that there is much more slack than the 5.3 percent unemployment rate suggests.
On Saturday, June 27, 2015, New York City Mayor Bill de Blasio dedicated a marker on Wall and Water Streets near the site of an 18th century slave market. It was established by the city's Common Council and operated from 1711 until at least 1762.
Given the economy's size and complexity, our problems cannot be solved by tinkering around the edges. Instead, a total revamp is necessary, one that both grows the middle class while reining in the runaway excess of the business class.
The governor is not asking for the federal government to bail them out of this problem. Puerto Rico only asking for the right to declare bankruptcy, which is the same right that states have. Because Puerto Rico is not a state, it cannot avail itself of the provision in federal bankruptcy law that enables cities like Detroit to restructure its debt in an orderly fashion.
They say that clothes make the man. They also make the man in the movie and, sometimes, even make the movie itself live on in th...
I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, "congratulations."