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Whitney Defends Bond Default Prediction As Market Improves

The Huffington Post | William Alden | Posted 07.05.2011 | Business

Even as the municipal bond market shows signs of recovery, analyst Meredith Whitney stood by her controversial prediction of widespread defaults. S...

William Alden

As Treasury Prevents Default, 'Headache' For Cities, States Begins | William Alden | Posted 07.04.2011 | Business

NEW YORK -- As the federal government approaches its legal debt ceiling and scrambles to avoid default, the first losers will be cities and states. ...

William Alden

Bin Laden's Death Gives Markets Boost Of Optimism, Eases Fear Of Recession | William Alden | Posted 07.02.2011 | Business

This post has been updated. Osama bin Laden's death has decreased the risk of doing business around the globe and especially in the Middle East, pr...

China Manufacturing Growth Slows

Posted 07.01.2011 | Business

(Reuters) - China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weig...

10 States Where Pensions Are Running Out Of Funds

24/7 Wall St | Posted 07.01.2011 | Business

As the financial obligations and access to capital for states and cities is debated one remedy has already been taken almost universally–cost cuts. ...

William Alden

Mayors To Washington: 'We Need Money' | William Alden | Posted 06.30.2011 | Business

CHICAGO -- Near the end of a two-day summit here that brought together mayors and federal officials to talk about city design, the mood turned confron...

William Alden

Philadelphia Mayor Michael Nutter On Pension Reform: 'Some People Will Be Upset' | William Alden | Posted 06.29.2011 | Business

CHICAGO -- Just months after Michael Nutter became mayor of Philadelphia in January 2008, the national economy plunged into the worst downturn s...

William Alden

As Bernanke Meets The Press, The Stakes Are High | William Alden | Posted 06.27.2011 | Business

Ben Bernanke, a small, bearded man with a seemingly godlike power over the economy, has spent much of his tenure as Federal Reserve chairman cloaked i...

William Alden

When Fed's Stimulus Ends, What Next? | William Alden | Posted 06.26.2011 | Business

NEW YORK -- When Federal Reserve chairman Ben Bernanke holds his first-ever press conference on Wednesday, he will have some explaining to do. Two mon...

A Year Later, Greece Still Struggles

AP | By DEREK GATOPOULOS | Posted 06.23.2011 | Business

ATHENS, Greece -- It's an anniversary few are celebrating. A year ago Saturday, with its faltering economy days away from bankruptcy, Greece ended mon...

William Alden

Municipal M&A: Budget Woes May Force Cities To Combine | William Alden | Posted 06.22.2011 | Business

As cities grapple with continuing declines in revenue, some are considering merging with other strapped localities or sharing services in a bid to...

Geithner, Japan Confident Debt Ceiling Issue Will Be Resolved

The Huffington Post | William Alden | Posted 06.19.2011 | Business

With a fight looming over raising the U.S. federal debt limit, some top officials have begun to reassure the public that the country will avoid a defa...

Entrepreneurs Are Stopped Cold for Lack of "Skin in the Game"

Jerry Chautin | Posted 06.18.2011 | Business
Jerry Chautin

Passion and a great idea are not enough to start a business. In my last two columns, I wrote that you must demonstrate enough predictable cash flow an...

William Alden

Tax Breaks For Rich Exceed Value Of Budget Cuts | William Alden | Posted 06.18.2011 | Business

NEW YORK -- Today, as Americans submit their tax returns, the wealthiest earners will each reap hundreds of thousands of dollars in tax savings. As...

William Alden

Rating Agencies Repeatedly Caved To Banks' Demands And Helped Cause Crisis, Report Finds | William Alden | Posted 06.14.2011 | Business

NEW YORK -- The major credit rating agencies repeatedly sold out to Wall Street banks, so addicted to short-term profits that they sacrificed the accu...

William Alden

Goldman Sachs Chief Could Face Criminal Prosecution For Role In Financial Crisis | William Alden | Posted 06.14.2011 | Business

WASHINGTON -- Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to exp...

Official: Debt Limit Failure Would Make Financial Crisis Look Like A 'Walk In The Park'

The Huffington Post | William Alden | Posted 06.13.2011 | Business

Last week, infighting in Washington nearly shut down the Federal government. Next month, the consequences of Congressional stalemate could be far more...

William Alden

Weak Economy Will Be Tested As Policy Supports Fall Away | William Alden | Posted 06.12.2011 | Business

NEW YORK -- Recent fears of weakening economic growth have been tied to broad trends: falling home prices, the high unemployment rate and the tendency...

Urbanism Chasing Utopia

Charles R. Wolfe | Posted 06.11.2011 | Green
Charles R. Wolfe

Generally speaking, the description of any Utopia that involves many details is apt to be an unconvincing way to present a principle which can be appl...

Putting U.S.-China Trade in its Proper Perspective

Robert E. Scott | Posted 06.11.2011 | Business
Robert E. Scott

U.S. export growth to China looks impressive in isolation. But this is a biased and one-sided view -- exports have been overwhelmed by the growth of U.S. imports from China and the bilateral trade deficit, as shown in the graph below.

William Alden

Shutdown: Economic Support Systems Would Continue, Even As Housing, Small Businesses Take Hits | William Alden | Posted 06.08.2011 | Business

If the federal government shuts down tonight, much of the apparatus that has helped prop up the faltering economy will remain in place. The Federal...

Bankers Grab Your Collateral When You Default

Jerry Chautin | Posted 06.07.2011 | Business
Jerry Chautin

Both SBA and conventional lenders want to lien your home. In addition to securing your equity, lenders believe that you will work harder to make the business successful when your home is at risk.

William Alden

Economists: Gridlocked Congress 'Playing With Fire' | William Alden | Posted 06.06.2011 | Business

NEW YORK -- Political infighting in Washington may seem irrelevant to many Americans. But in the coming weeks, as Congress attempts to pass a budget a...

William Alden

Out Of Service: Budget Cuts Hit Bus Lines -- And Keep Residents From Jobs | William Alden | Posted 06.05.2011 | Business

MILWAUKEE, Wis. -- Peggy Schulz was fed up. In March, after being unemployed for nearly two years, she performed an experiment: She went to a jo...

WATCH: 60 Minutes' Devastating Look At The Mortgage Crisis

The Huffington Post | William Alden | Posted 06.04.2011 | Business

The mortgage crisis is far from over. 60 Minutes takes a new look at the state of the foreclosure crisis, interviewing homeowners, a regulator and s...