For those who don't remember, the Flash Crash was when the stock market lost almost nine percent of its value from its opening level, with most of this decline occurring in a five-minute period. The market quickly recovered most of this loss. But the crash did reveal something extraordinary.
Today, the Earth got a little hotter, and a little more crowded. @@ Global Warming in 60 Seconds - a good summary of the main facts, done in 1950s...
Balancing the budget through reduced spending and increased revenues, ending the vast expansion of the Federal Reserve's balance sheet and normalizing interest rates, are all necessary actions in the effort to right the economy in the face of the Great Recession.
All startups are hard. At the Ivy Oasis How to Build a Strong Start-Up event at Columbia University several speakers made this clear. Despite the sex appeal many attach to being the founder of a tech startup, the reality is that it's stressful and exhausting.
Trade promotion authority that the White House needs for both the TPP and the TTIP is now hanging by a thread. A well-placed boot by Hillary Clinton would be the coup de grace. It would show leadership and political nerve. Some Wall Street supporters might get off her bandwagon -- and good riddance. She has plenty to spare.
We shouldn't be giving up on monetary policy, which for the past few years has been pretty much the only game in town as far as economic policy goes. Instead, we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.
One in five immigrants points to the costs associated with the process as the main reason they cannot finish becoming a citizen. For millions of legal immigrants, the financial costs to finish the citizenship process are just too prohibitive.
News that the U.S. economy grew at an anemic 0.2 percent (GDP) during the first quarter of 2015 should trigger a reaction by policymakers in Washington.
By cultivating diverse leaders and technology companies, these businesses will have a fundamental advantage in serving a more diverse economy and world. That means new jobs and opportunities, which feed into our next big issue.
As an African American woman parenting alone with little to no support, I know something about grace. Time and again grace, meaning unmerited favor, has intervened and sustained me through each difficult challenge that I have faced.
No matter what you think his chances of winning the nomination (or the presidency), Bernie Sanders is going to force everyone else to focus on the little guy.
If the Fed holds interest rates too high for too long, it can slow economic growth and trigger a recession. It did precisely this, intentionally and to good effect, in the early 1980s to tame exceedingly high inflation rates.
Do you know your FICO Score? With a new version of the leading credit scoring system released this past fall, it's even more important to understand how you're managing your credit.
A few weeks ago, Sen. Murray surprised many observers, introducing a non-binding budget amendment calling for workers to earn 7 paid sick days -- the terms of the Healthy Families Act. A resounding 61 Senators voted yes, including 15 Republicans. That's a filibuster-proof majority.
Anat Admati, who teaches finance and economics at the Stanford Graduate School of Business, is co-author of The Bankers' New Clothes, a classic account of the problem of Too Big to Fail banks.
There is an old saying, "Money is the root of all evil." While money may not cause evil in all circumstances, it certainly can sway some people toward the path of corruption and bad behavior.