iOS app Android app

US Financial Crisis

Getting Out of Recession: European Austerity v. American Deficit Finance -- Which One Is Effective?

Nake M. Kamrany | Posted 09.18.2013 | Politics
Nake M. Kamrany

The fear that deficits and mounting debt will suffocate economic recovery and impede healthy growth has been tested over the last several years, and the results are not just unimpressive -- but painful when one looks at unemployment levels.

Crisis Is a State of Mind and a State of Place

Kingsley Dennis, Ph.D. | Posted 01.30.2013 | Healthy Living
Kingsley Dennis, Ph.D.

Global transition is, as it says on the tin, a global phenomenon. Yet "crisis" is about a state of place as well as a state of mind; and this state of place is not universal.

Mitt Romney and the New Gilded Age

Robert Reich | Posted 09.01.2012 | Business
Robert Reich

The election of 2012 raises two perplexing questions. The first is how the GOP could put up someone for president who epitomizes the excesses of casino capitalism that have nearly destroyed the economy. The second is why the Democrats have failed to point this out.

Our Loss in Wealth Shows We're All in This Together

Tiziana Dearing | Posted 08.18.2012 | Money
Tiziana Dearing

If you live in America, and not under a rock, you probably heard that the Fed announced earlier this week that U.S. wealth fell nearly 40 percent from 2007 through 2010.

Double Standards at Work

Preeti Vissa | Posted 08.04.2012 | Business
Preeti Vissa

So sure, let's have a strong Volcker Rule. But how about a second rule -- call it a Common Sense Rule: Banks big enough to tank the world's economy should be held to standards at least as strict as the standards struggling homeowners have to meet.

Renew America: It's the Econometrics, Stupid!

Ed Crego, George Muñoz and Frank Islam | Posted 05.14.2012 | Business
Ed Crego, George Muñoz and Frank Islam

We need to realize that it's the econometrics, stupid. If we do not, we will continue to develop, promote and implement policies, plans and programs that are mediocre at best and counter-productive at best.

FDR's New Deal Shattered the Austerity Myth

David Woolner | Posted 07.07.2012 | Politics
David Woolner

Much like the 1930s, our slow climb out of the Great Recession has been made all the more difficult thanks to the unwillingness of austerity hawks in Congress to pass the president's jobs bill and other pieces of stimulus legislation.

It's 2012: Do You Know Where Your Money Market Fund Is?

Sheila Bair | Posted 04.30.2012 | Money
Sheila Bair

Would you take money that your daughter needs for braces and make a short term loan to a Wall Street firm? Probably not, but if you've put your ready cash in a prime money market fund, those are the kinds of places where your money may be sitting now.

Where Greece Leads, America Follows

Mitch Feierstein | Posted 04.24.2012 | Business
Mitch Feierstein

Greece has walked a lot further down the path of perdition, but we're walking the same path and it's already too late to return.

The European Reality Avoidance Scheme (and How the United States Colludes)

Mitch Feierstein | Posted 04.02.2012 | Business
Mitch Feierstein

Over the next four years, no area of foreign policy will impact American prosperity more than financial issues -- and to date, every single major policy move has been profoundly wrong.

U.K.'s Brown: Without 'Global Coordination,' U.S. Could Face Decade Of High Unemployment

Posted 11.16.2011 | Business

Europe and the United States could face 10 years of slow growth and high unemployment if a global solution for the euro zone debt crisis is not im...

Paul Krugman: U.S. Letting Bankers Walk

The New York Times | Paul Krugman | Posted 09.16.2011 | Business

Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on...

Titanic Economics

David M. Abromowitz | Posted 09.08.2011 | Politics
David M. Abromowitz

The choices being made today by leaders in Washington will determine if the titanic U.S. economy stays afloat or sinks further underwater. Choices that tilt in favor of the wealthy would come at the expense of those who are most vulnerable.

The Great Wealth Shift Upward: Corporatists' War on the Working Class

Michele Swenson | Posted 05.25.2011 | Denver
Michele Swenson

"Balancing the budget" and "deficit reduction" have become code for shifting the benefits of government spending to corporations away from workers.

Excremental Change

Jaime Pozuelo-Monfort | Posted 05.25.2011 | Business
Jaime Pozuelo-Monfort

Excremental Change involves cleaning first the loopholes of the system and expelling all the dirt that is inside. Ask the Pirates of Heartless Capitalism where they hide and you will find the dirt.

Unemployment Spike Compounds Foreclosure Crisis

washingtonpost.com | Renae Merle | Posted 05.25.2011 | Business

The country's growing unemployment is overtaking subprime mortgages as the main driver of foreclosures, according to bankers and economists, threateni...

Country and Company: Part II - Aligning Goals

Ralph Gomory | Posted 05.25.2011 | Business
Ralph Gomory

Without balanced trade productive companies operating in the United States are open to continuing assault from foreign entities advantaged by their governments.

Adam Posen: A Financial Lesson From Japan's 'Lost Decade' Is Lost On Obama

Diane Tucker | Posted 05.25.2011 | World
Diane Tucker

On the eve of the G-20 economic summit in London, I spoke with Adam Posen, who wrote the book on the mistakes Japanese policy makers made during their lost decade.

Country and Company: Part I - Divergent Goals

Ralph Gomory | Posted 05.25.2011 | Business
Ralph Gomory

While it is tempting to blame the succession of economic crises on greedy executives, sub-prime mortgage pushers and others of that ilk, it is in fact much more a system problem than a sudden widespread collapse of human nature.

Recession: We're All in This Together

Olivia Rosewood | Posted 11.17.2011 | Healthy Living
Olivia Rosewood

My circle of friends used to be all about playdates and family barbecues. Now our conversations inevitably turn survival: Chapter 13, employment, foreclosures, how to make your lender listen.

Bailout GM, But Here's What to Demand

David Blume | Posted 05.25.2011 | Business
David Blume

When Sweden mandated that most fuel stations carry alcohol at the pump, GM's Saab division quickly engineered the model 9-5 to be an advanced flexible-fuel vehicle.

Stocks Slump As Signs Point To Harder Times

washingtonpost.com | Neil Irwin and David Cho | Posted 05.25.2011 | Business

Businesses cut prices at a record rate and builders started fewer new homes last month than anytime on record, according to new government data, as th...

John McCain On The Economy: A Series Of Flip-Flopping Phrases

NY Times | Posted 05.25.2011 | Politics

On Monday morning, as the financial system absorbed one of its biggest shocks in generations, Senator John McCain said, as he had many times before, t...