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Joseph Stiglitz

America's Locust Years

Bob Burnett | Posted 05.25.2011 | Politics
Bob Burnett

America has suffered thirty years "that the locust hath eaten." Time is running out. We may not survive another crisis.

Shahien Nasiripour

Stiglitz, Nobel Prize-Winning Economist, Says Federal Reserve System 'Corrupt'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

One of the world's leading economists said Wednesday that the very structure of the Federal Reserve system is so fraught with conflicts that it's "cor...

Is Your Professor an Islamophobe?

Abdulrahman El-Sayed | Posted 05.25.2011 | Politics
Abdulrahman El-Sayed

Satoshi Kanazawa is just one in a growing number of academics using their intellectual identity to promote intolerance and xenophobia against Islam and Muslims.

Obama's Small-Business Offers a More Generous Tax Credit for Hiring

nytimes.com | ROBB MANDELBAUM | Posted 05.25.2011 | Business

This morning, as President Obama visits a small business in Baltimore to unveil a temporary tax credit to encourage the hiring of new employees, The A...

Bernanke Is A Political Time Bomb; Stiglitz Says He Would Take Fed Position

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

If incriminating documents about Bernanke's backroom dealings with AIG are revealed after Democrats confirm him for another term, the party will have a political fiasco on its hands.

Stiglitz Tells Davos: Bankers Created "Negative Value" For Society

bloomberg.com | Jacqueline Simmons and Ian Katz | Posted 05.25.2011 | Business

Bankers created "negative value" with innovations such as mortgages that homeowners couldn't afford, said Nobel laureate Joseph E. Stiglitz, who is sp...

Shahien Nasiripour

Who Will Replace Bernanke: If He Goes, Who's Next?

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Should the Senate decline to confirm Federal Reserve chairman Ben Bernanke for a second term, here's a list of possible candidates to replace him: Do...

Joseph Stiglitz Testimony: Banks Have Failed 'Their Societal Mission'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

In his testimony about compensation in the financial industry this morning, Columbia University economist Joseph Stiglitz told the House Financial Ser...

7 Minutes With Joseph Stiglitz: Hopes Geithner and Summers Learn From Serious Errors

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The ideas that Stiglitz have been advocating are what many who supported Obama thought they would be getting, but instead of Stiglitzianism, America got Rubinism.

Joseph Stiglitz Interview: 'We're More Strict With Our Poor Than With Our Banks'

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

During the economic turmoil of the last few years, Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz has been one of the...

Joseph Stiglitz: 5 Lessons From The Crisis We May Need To Learn All Over Again

China Daily | Joseph Stiglitz | Posted 05.25.2011 | Business

The best that can be said for 2009 is that it could have been worse, that we pulled back from the precipice on which we seemed to be perched in late 2...

Will Obama Save America From Capitalism?

David A. Love | Posted 05.25.2011 | Politics
David A. Love

American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.

'Third Quarter Growth' and Other Things That Mean Nothing To You

Allison Kilkenny | Posted 05.25.2011 | Business
Allison Kilkenny

If life still sucks for you: you're still unemployed, depressed, broke, homeless, or scraping by on food stamps, don't worry. You're not alone.

Wall Street: Too Big To Regulate

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?

Joseph Stiglitz: US Economy May Contract Next Year

Posted 05.25.2011 | Business

(AP) -- Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next ...

What Does The Economy Have To Do With The Market?

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

Far be it from me to challenge a 2-time Nobel prize winner, but sometimes, indeed, quite often, markets decouple from the economic fundamentals. I ...

U.S. Growth Prospects Deemed Bleak In New Decade

Reuters | Pedro Nicolaci Da Costa | Posted 05.25.2011 | Business

A dismal job market, a crippled real estate sector and hobbled banks will keep a lid on U.S. economic growth over the coming decade, some of the nati...

Soros Battles Free Market Zealots With New Fund, Economic Journal: Newsweek

newsweek.com | Michael Hirsh | Posted 05.25.2011 | Business

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic ...

Goldman's Profits Come from Our Pockets: Why We Need a Tobin Tax

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.

Joseph Stiglitz: Markets Are "Irrationally Exuberant" About Recovery

bloomberg.com | Francine Lacqua and Jeremy Torobin | Posted 05.25.2011 | Business

Nobel Prize-winning economist Joseph Stiglitz said U.S. unemployment will keep rising and should be the focus for policy makers, and gains in the stoc...

Recession Over? You Gotta Be Kidding!

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

President Obama is hardly alone in claiming that things are now stable, although numerous skeptics suggest such cheerful tidings should be taken with a heavy grain of salt.

Stiglitz, Amartya Sen: GDP A Poor Measure Of Growth

nytimes.com | PETER S. GOODMAN | Posted 05.25.2011 | Business

In a provocative new study, a pair of Nobel prize-winning economists, Joseph E. Stiglitz and Amartya Sen, urge the adoption of new assessment tools th...

Stiglitz Predicts Recession Will End In 2012

DailyFinance | Sam Gustin | Posted 05.25.2011 | Business

Stiglitz's outlook is anything but rosy. Americans must prepare for the recession to continue until 2012 -- practically, if not technically -- he said...

Obama's America: What Is Economic Growth For?

Derek Shearer | Posted 05.25.2011 | Politics
Derek Shearer

Unfortunately, while Obama's words are bold, he acts cautiously when it comes to actual reforms that are necessary to create this new foundation for economic growth.

Joseph Stiglitz Urges End To GDP 'Fetish' In Favor Of Broader Measures

Bloomberg | Mark Deen and David Tweed | Posted 05.25.2011 | Business

Joseph Stiglitz, the Nobel Prize- winning economist, urged world leaders to drop an obsession with examining gross domestic product and focus more on ...