iOS app Android app

Financial Recovery

Taking on TARP

Dan Rather | Posted 08.08.2011 | Business
Dan Rather

"You can't look at what happened in the run-up to 2008 and see how it's not going to repeat itself, given what we've done," says Neil Barofksy, who became TARP's Special Inspector General in December, 2008.

Executive Pay Soars In 2010

nytimes.com | DANIEL COSTELLO | Posted 06.10.2011 | Business

HAPPY days are back -- in the corner office, at least. In just nine months, Philippe Dauman of Viacom was paid $84.5 million, more than any other C...

Goldman Gives Blankfein a $5.4 Million Cash Bonus

AP | Posted 06.02.2011 | Business

NEW YORK — Lloyd Blankfein, the CEO of Goldman Sachs Group Inc., saw his 2010 compensation rise to $14.1 million from just over $1 million in 20...

Bernanke’s Failure To Speak Out Rankles Some

New York Times | Posted 05.25.2011 | Business

The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, hea...

Geithner Urges Action On Economy

Wall Street Journal | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner said Washington is at risk of undercutting an already sluggish economic recovery if it fails to provide quick, add...

Donald Kohn: Fed Should Consider More Stimulus

New York Times | Posted 05.25.2011 | Business

The former vice chairman of the Federal Reserve, who retired last week after 40 years at the central bank, says that the economy is in "a slow slog ou...

In Striking Shift, Small Investors Flee Stock Market

New York Times | Posted 05.25.2011 | Business

Renewed economic uncertainty is testing Americans' generation-long love affair with the stock market. Investors withdrew a staggering $33.12 billio...

Feud for Thought

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Instead of taking into account the increased needs of their citizens, legislators face a political problem created by large deficits. In this context, cutting services becomes easier than raising taxes.

SIMON JOHNSON What Is Goldman Sachs Thinking?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Reforming incentives or even discouraging destructive cycles is not Goldman's job. Their role is to make money, pure and pretty simple given their market share. That is why we need government.

Expect G-20 Leaders To Clash Over Global Recovery

AP | JEANNINE AVERSA and TOM RAUM | Posted 05.25.2011 | Business

HUNTSVILLE, Ontario — Fresh from a congressional win on a financial overhaul, President Barack Obama pressed world leaders on Friday to join him...

'Cash Is Still King': Nonfinancial Firms Hold Record Amounts Of It

wsj.com | JUSTIN LAHART | Posted 05.25.2011 | Business

U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the su...

Daniel Gross: America's Amazing Comeback

Newsweek | Daniel Gross | Posted 05.25.2011 | Business

In the wake of the 2008 financial meltdown and the deep, long recession that followed, the decline of America has become the preferred intellectual pr...

Mind Over Money

BJ Gallagher | Posted 11.17.2011 | Healthy Living
BJ Gallagher

I began re-reading Chellie Campbell's terrific book, The Wealthy Spirit. Chellie is a big believer in affirmations and they're an important part of the work she does in helping people reduce financial stress.

Get a Grip: Austerity Does Not Produce Prosperity

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

Austerity has suddenly become the universally prescribed cure for the fallout from the financial collapse. If widely adopted, it will prove worse than the disease.

The Economic Recovery Continues

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

The details we learned this week about the economy add up to a simple story: the recovery is progressing. However, an economy the size of the U.S. is like a battleship; turning it around takes time.

Will The Unemployment Disaster Be Obama's Katrina?

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

There's a Category 5 storm about to make landfall, and the president and the officials in charge of preparing for the approaching disaster don't seem to be particularly worried. Sound familiar?

The Feds Have No Faith in Recovery

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The cyclical bull market in stocks and positive print on GDP has caused some on Wall Street and in D.C. to claim the recession has ended. A closer look indicates that neither believes its own rhetoric.

Is the Gloss Half Empty?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Did the Obama team get the stimulus about right, we averted a depression, and things are already reverting to normal? Don't count those chickens yet.

Why Are the Republicans Such Anti-Obama Liars?

Frank Schaeffer | Posted 05.25.2011 | Politics
Frank Schaeffer

The religious right infection (of wanting failure to prove a moral/religious point) has become the Republican illness: root for failure so "we" win ideologically.

Muhammad Yunus and the Financial Crisis: The Human Element

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

Perhaps the silver lining in this financial crisis is that we will start focusing on the human part of how we will build a more sustainable future.