We are wary of used cars salesmen, but how conscious are we of the fact that almost everything we buy is sold to us by a commission-based broker who wins when they convince us to buy more than we came to purchase?
Expect next week's policy meetings to signal that central bank stand ready to step in, once again, to maintain the disconnect between buoyant equity markets and sluggish economic conditions -- not as an end in itself but, given Congressional dysfunction, as virtually the only way today to support economic activity (and it is rather imperfect as the expected benefits come with growing costs and risks). Look for the Federal Reserve to alter the thrust of its policy narrative. Rather than advance its prior emphasis on tapering its monthly $85 billion purchases of market securities, it will seek to reassure markets by iterating its willingness to do more if needed. Across the Atlantic, the European Central Bank will face increasing pressure to cut its interest rate (currently at 0.75%) and liberalize the collateral requirements it imposes -- both meant to loosen monetary conditions.
Is this bipartisan support to mitigate one of the noxious effects of sequestration? Or is it papering over the high-visibility stuff that affects the affluent while lots of other budget bleeding goes on beneath the radar?
We need to expand the conception and reach of social security rather than continuously put it on the national chopping block.
When multinational corporations' leaders reach this higher level of personal maturity, they will end their rush to the bottom of low wages and poor community and environmental behavior and lead the planet in our rise from the bottom in these areas.
Small businesses don't make decisions based on politics. They make decisions based on what's right for their business, what's right for their communities and what's right for our economy.
Two worrisome economic events were reported yesterday that just might be missed in light of the country's attention on the horrific events unfolding in Boston, Massachusetts and West, Texas this past week.
At the brand-new George W. Bush Presidential Library and Museum in Texas, everybody's favorite former president, George W. Bush, wants you to know he tried really, really hard. And he seems to be asking: Would you, average American, have done any better?
Farmers are stepping up, along with national security and business leaders, to voice their support for an American clean energy economy. Altogether, these advocates represent households in every congressional district in the country. Can our elected representatives afford not to listen?
At a time of stagnant economic growth and dismal job prospects, especially for the youngest members of the workforce, real investment in infrastructure has the potential to create employment opportunities, spur economic growth and ensure that this country remains competitive.
You can't order up your government dysfunction with a side of efficiency. You're either on the we're-the-Tea-Party-and-we're-here-to-shut-things-down bus or you're off of it.
The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.
You have never experienced a presidential library -- or even an amusement park -- to rival the George W. Bush Presidential Center. It's nonstop action, nonstop machismo sabre rattling and, to a discerning mind, nonstop destruction of America's civil liberties, moral authority and international leadership.
Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out? Can an economy be growing and still be on its way off the rails?
Whether you're choking on your Dollar-Menu McNuggets -- or your neighbor is gagging on what Michele Bachmann said on FOX News today -- a restaurant-quality choking poster can come in super-handy!