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Financial Meltdown

Please Tax Us: Airbnb Offers City $21 Million

Blake Fleetwood | Posted 06.25.2014 | New York
Blake Fleetwood

Discouraging new forms of entrepreneurism that threaten established businesses, is a classic form of government interference that affects many different industries in the urban marketplace.

The Financial Meltdown Bailout Guy Has More to Say: Hank Paulson on His New Documentary

Nell Minow | Posted 04.06.2014 | Business
Nell Minow

As Paulson says with regret in the film, that program had a worse approval rating with the public than torture. People were asking, "Why were those fat cats being given money while I am losing my house?"

ReThink Review: The Wolf of Wall Street -- Why Depiction Isn't Endorsement

Jonathan Kim | Posted 03.05.2014 | Entertainment
Jonathan Kim

The Wolf of Wall Street did not create or endorse the corrupt culture and lifestyle it depicts, but simply pulls if from the shadows and puts it on display. If this inspires people to follow Belfort's example, the issue isn't the film.

Eleazar David Melendez

Financial Crisis Cost Is Staggering, Government Report Finds

HuffingtonPost.com | Eleazar David Melendez | Posted 02.14.2013 | Business

The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said. The f...

Eleazar David Melendez

Is This The Next AIG?

HuffingtonPost.com | Eleazar David Melendez | Posted 02.14.2013 | Business

A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting...

ReThink Review: Killing Them Softly - Criminal Confidence

Jonathan Kim | Posted 02.03.2013 | Entertainment
Jonathan Kim

Killing Them Softly does a wonderful job of creating a realistic, lived-in world in the post-Katrina wreckage of New Orleans, without a lot of frills or even much music. While it is no fast-paced bulletfest, when the violence comes, it's scary, gory, and brutal, as it should be.

The Disappearing Second Term?

Hoyt Hilsman | Posted 08.04.2012 | Politics
Hoyt Hilsman

When the economy falters -- or even worse, when deep structural fissures appear -- voters invariably hold the White House incumbent responsible, and his party suffers the consequences.

Global Philanthropy Forum Annual Conference: WATCH LIVE

Posted 04.16.2012 | Impact

From the Arab Spring and the financial meltdown to weather extremes and civil conflict, we are experiencing rapid and sometimes wrenching change that ...

Bear Stearns CEO: There's 'Not Much' I Would Have Done Differently

The Huffington Post | Khadeeja Safdar | Posted 03.01.2012 | Business

The former CEO of one of the Wall Street firms most synonymous with financial collapse says in retrospect that there's "not much" he would've done dif...

Stronger Growth Should Cushion U.S. Economy From Severe European Damage

Posted 11.30.2011 | Business

WASHINGTON (Stella Dawson) - A gradual broadening and strengthening of U.S. growth should cushion the American economy against severe damage from ...

An Imagined Speech, Yearned for by Many

Frank A. Weil | Posted 01.11.2012 | Politics
Frank A. Weil

I would be willing to sacrifice a second term, if I believed that my successor could and would do the things necessary to get your bacon out of the fire.

ReThink Review: Margin Call -- 'Twas the Night Before the Meltdown...

Jonathan Kim | Posted 01.01.2012 | Entertainment
Jonathan Kim

The film Margin Call takes us inside a lightly fictionalized stand-in for Lehman Brothers called HMS, where a young risk analyst discovers the math that proves HMS' imminent demise.

Let's Value People as an Asset, and Bring Financial Statements into the 21st Century

R. Paul Herman | Posted 04.09.2012 | Business
R. Paul Herman

People are generally classified as expenses on the income statement and liabilities on the balance sheet -- not as an investable asset. Thus, when CEOs seek to increase profit, they cut costs -- like people -- rather than investing in assets -- like people -- that can appreciate.

Too Big to Jail

Glenn Greenwald | Posted 12.25.2011 | Books
Glenn Greenwald

In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.

WATCH: What Will You Do To Help The Struggling Rich?

Posted 11.07.2011 | Comedy

"A nation's greatness is measured by how it treats its wealthiest members." --probably Gandhi There's a disturbing sentiment that has been steadi...

Upside to the Downgrade

Adam Neiman | Posted 10.08.2011 | Politics
Adam Neiman

As it is, we all have a decent chance of muddling through. Not very satisfying considering our expectations for change we could believe in. But in light of how truly rotten underlying conditions turned out to be, it could easily and always get worse.

Talk About Chutzpa - Wall Street Lecturing America on "Fiscal Responsibility"?

Robert Creamer | Posted 10.08.2011 | Politics
Robert Creamer

The very idea that Wall Street -- and Standard and Poor's -- would have the chutzpa to lecture the rest of America about fiscal responsibility should infuriate each and every American.

How to Live on $0 a Day: My Expert Advice to Tim Geithner

Lesley Stern | Posted 09.12.2011 | Comedy
Lesley Stern

Tim, Tim, Tim. You've been throwing around a lot of scary words like "disaster" and "hardship" and you seem a little tense. Don't freak out. You're a babe in the woods when it comes to financial hardship, so let me guide you through this.

Reading the Pictures: Fukushima Ha Ha

Michael Shaw | Posted 06.07.2011 | Media
Michael Shaw

2011-04-07-fukushima.jpgIf "Hey Ma, we found the crack!" is supposed to make me feel better, it just makes me more shaky and convinced how way in over our heads we are.

In The Public Interest: Congress Still Demonizing Elizabeth Warren, Meanwhile, Chase Rolls Out the $5 ATM Fee

Ed Mierzwinski | Posted 06.05.2011 | Politics
Ed Mierzwinski

Washington should be implementing Wall Street reform, not tearing it down.

Meltdown: Unsafe at Any Screed

Randall Amster | Posted 05.25.2011 | World
Randall Amster

The incisive logic of Ralph Nader's Unsafe at Any Speed applies equally to nuclear power -- and furthermore, to the workings of the military-industrial complex with which it is intimately intertwined.

Where Are the Cops on Wall Street?

Jeff Connaughton | Posted 05.25.2011 | Business
Jeff Connaughton

Wall Street should recognize it is in its long-term interests to work with government to curb Wall Street excesses. The actions of a few bad apples -- if they go unpunished -- can put in peril confidence in the entire system.

ReThink Interview: Charles Ferguson, Director of Inside Job

Jonathan Kim | Posted 05.25.2011 | Entertainment
Jonathan Kim

People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?

How to Live on $0 a Day: Hey Government, I'm Talking to You

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

2010-12-09-obamavideochat.jpgI know we have an image to keep up as a superpower, but you're going to have to cut back on state dinners and other costly social events here and abroad.

Bernanke Under Fire: 3 Reasons Why an Early Tuesday Turkey Could Roil the Markets

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

Could Tuesday be Turkey Day for the financial markets? I think there's a good chance we see some serious "dirty laundry" aired from the Fed which could increase volatility in what normally should be a quiet holiday shortened week.