Exposing the Palin-Schrempp connection

The cover of the latest issue of TIME: The cover of Business Week’s European edition, Nov. 16, 1998: No, Sarah Palin and former DaimlerChryslerBenz CEO Jürgen Schrempp aren’t wearing exactly the same glasses. But they’re similar, no? Still, I’m not gonna accuse Palin of wanton cosmopolitanism: Angular, rimless glasses were a frighteningly Teutonic fashion statement [...]

GDP vs. everything else

So it is a recession, or isn’t it? Personally I’m starting to find the whole discussion extremely tiring. But it has political implications, and this morning’s employment report seems to help answer the question, so here goes: Yeah, we seem to be in a recession. Although it’s still a lot milder than I and a [...]

New column: Bob Shiller’s plan to fix things

After a long summer hiatus, I finally have a column in the magazine again, in the issue of TIME with Sarah Barracuda on the cover. It begins: Economist Robert Shiller has a new book out. You’ll be thrilled to learn that it doesn’t contain any warnings about a looming market crash. Well, unless you count [...]