Getty Images Americans are, once again, no longer letting their meager incomes get in the way of a good trip to the mall. Consumer spending rose 0.7% in the last month of 2010. That was not only a bigger than expected jump in spending, but it was more than double the 0.3% rise in the [...]
It’s all change at this year’s World Economic Forum in Davos, as economic and political leaders face a future in which developed nations struggle to limp out of recession while emerging markets flourish. But those shifting fortunes come at a cost
Bill Clinton thinks there is a lot more that Obama and Washington can do to boost employment
Jamie Dimon, CEO of JP Morgan Chase, (center) expressed his views about municipal bond on a panel at the World Economic Forum moderated by TIME’s Fareed Zakaria (Vincent Kessler/REUTERS) There has been a lot of anxiety about Munis recently. Bank analyst Meredith Whitney, who was early in calling problems in the financial markets before the [...]
Facebook Chief Operating Officer Sheryl Sandberg is one of the few Davos Women (Christian Hartmann/REUTERS) I was LOLing at my friend Anya Schiffrin’s very clever piece in the Guardian this week on the new quota for women at Davos. I also love her Davos Wife blog for Reuters: (the list of essentials is truly mandatory [...]
A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest (Getty Images) A guest post from business author Don Tapscott: Davos: Having just done a CNBC interview I was reminded of the interplay between the global media and the discussions among leaders at Davos. News reporters in [...]
Getty Images Should we worry about the numbers out today showing that jobless claims have surged to 454,000 thousand, up from 403,000 the week previously? That’s a large jump, one of the biggest in recent memory. At the same time, there’s some new data showing that orders of big new equipment and machinery are down, [...]
Now that we have the recovery, we will have to pay for it. The question is did we take the appropriate measures or did we overspend
On Wednesday I had the pleasure of hosting a session on the New Realities with the Forum’s community of Young Global Leaders. The session addressed the question: If structural change is becoming the norm globally, then what are the major adjustments looming ahead and how should leaders face them?
Let’s take a look at a country with mounting national debt, big fiscal deficits, low growth, and no solid plan for dealing with those problems due to incessant political bickering. In this case I’m talking about Japan, but many of you could have rightly assumed I was talking about the U.S. That’s why what happened [...]
