This week marks the 7th anniversary of the collapse of Lehman Brothers. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of a second Great Depression if the Treasury Department didn't rescue the Wall Street banks.
Will those edgy portfolio investors stampede indiscriminately out of--and wreak havoc among--middle- and low-income countries if the Fed lifts interest rates this September, for the first time in almost a decade?
Case studies from Brazil to China, from the United States to Germany, reveal that to square higher wages and competitiveness, governments must adhere to three rules of thumb.
None of the leading candidates seem to encapsulate the aspirations of the Philippines' upwardly mobile citizens, who are desperate to revive the Southeast Asian nation's fortunes.
I miss Herman Sandler, David Rice, Frank Salvaterra, Bruce Simmons, Howard Gelling, Tom Clark, Tom Collins, Doug Irgang, Stacey McGowan, Kristi Irvine, Mike Edwards and all the other Sandler O'Neill colleagues who senselessly died on that horrible day.
We would have never accept the "why do we need computers - we have paper and pens" argument in the corporate world, yet in the non-profit world, funding tends to flow the way it always has simply because that is the way it has always been.
Which cities have the highest minimum wage in terms of purchasing power (that is, adjusted for the cost of living)? And, conversely, where does this "real" minimum wage fall short?
The Federal Reserve Board leadership has been stressing the virtue of "transparency" regarding the factors it is considering as it approached the first increase in interest rates since 2006, potentially at it's mid-September meeting.
Even in times of hardship, companies can brace themselves for impact and continue to offer excellence to their customers. Marketing strategies and techniques have grown and changed since the Great Depression, but these key elements are still spot-on tips for any marketing campaign.
Their policies have to maximize the purchasing power of consumers that power most economic growth. If consumers can't or won't spend more, then our economy can't grow as it should.
Hillary Clinton has suggested $12. Bernie Sanders favors $15. Donald Trump says he thinks a low one is good for the country. Jeb Bush doesn't think the federal government should be setting one at all. The minimum wage is proving a contentious issue in the current presidential race.
Jobs reports are often highly anticipated by investors, but the August jobs report held even greater significance than usual. Investors hoped for a clear signal that the Federal Reserve would be expected either to raise rates during their September meeting or put off a rate hike until at least December.
The places that are affordable are the cities with the highest unemployment rates. And the cities where you can find a job, you might have to live in your car. Clearly something has got to give. For answers, I turned to Dr. Lawrence Yun, the chief economist of the National Association of Realtors.
A modest increase is unlikely to impact the economy very much and will serve to take the issue off the table going into an election year. To be sure, the hike is unlikely to mollify conservatives and will surely antagonize liberals who favor easy money policies.
This is a no-brainer: When you're fearful of money, all of your financial decisions come from a place of fear.
When world markets convulse, people tend to think short term. But as a society, we must start focusing on what investors call the "long game" -- re-examining our economic priorities to improve and stabilize more lives over time.