Among the things the recent recovery may lack – jobs, for one – there is one thing we have in abundance: Inflation worries. And why not? Food prices are rising. Gas prices are rising. And many think the Federal Reserve’s efforts to boost the economy could lead to massive inflation. About six months ago, Sarah [...]
I was traveling in China when the 9/11 terrorist attacks happened. My parents live in northern New Jersey, not far from New York City, and knowing my mother would be terribly worried about me, I called her to assure her all was well. “It’s not safe,” she told me anxiously. “You must come home.” This [...]
Last week, when the Federal Reserve finally released the names of the banks that tapped the central bank’s most secret lending program in the wake of the financial crisis many of the expect names were there. Citigroup got over $50 billion in loans. Bank of America was a big borrower, too. Goldman borrowed five times, [...]
Just took another look at my flight itinerary for Tuesday: yup, I’m booked on a Boeing 737. Great. It’s not on Southwest, so should I take the flight? Is the catastrophic risk higher this week than last week? Will flying ever cease to be an annoying pain in the butt? Yes. No. I hope so. [...]
More jobs plus a lower unemployment rate equals — more to worry about. Really? On Friday, the government reported that the job market grew faster in March than it has in that month for more than 5 years. The number of employed people in the U.S. increased by 216,000. That was better than the 194,000 [...]
This is a guest post written by TIME reporter Josh Sanburn. Reports that a little-known Florida company offered to take American Airlines private has befuddled the airline, its stockholders and most analysts, and it appears that the entire offer is completely illegitimate. On March 29, American Airlines received a letter from a company called Sterling [...]
