The American public is, for obvious reasons, a bit gun-shy when it comes to asset bubbles. Ever since the financial crisis, market watchers have worried about bubbles in the stock market, in high yield debt, and even the …
Kentucky Senator Rand Paul isn’t happy that Apple executives are being questioned by the Senate Permanent Subcommittee on Investigations today regarding their tax avoidance strategies. Apple is completely justified, Paul argued, in paying as little in taxes as is legally acceptable. “Instead of Apple executives we should have brought in …
Tech companies, including PayPal and Google, have joined together to dream up the future of passwords. And the future is to have no passwords at all
The Obama Administration is having pretty much the worst week ever, but somewhere amidst the fog of scandal lies some pretty good news about the budget deficit, namely that the Congressional Budget Office (CBO) is predicting it will be much smaller in 2013 than was projected just a few months ago.
That’s right, the federal budget …
The Heritage Foundation made a splash early this week with a report predicting that the current immigration reform bill being debated in the Senate would cost the U.S. government $6.3 trillion dollars in benefits like Social …
Way back in 2011, JPMorgan Chairman and CEO Jamie Dimon was on top of the world. TIME selected him as one of the 100 most influential people in the world, and even Charles Ferguson, director of the scathing, anti-Wall-Street documentary Inside Job praised his performance during the financial crisis:
“Dimon had the wisdom and the long
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Jaron Lanier’s latest book, Who Owns the Future?, begins by noting an instructive coincidence: the bankruptcy of the photography giant Kodak occurred within months of Facebook’s billion-dollar acquisition of the photo-sharing site Instagram. This would be just one example of the destructive dynamism of American capitalism, a process …
In recent years, the U.S. economy has performed like a once dominant, but now aging ballplayer. It shows flashes of greatness, but the risk of injury looms large. Last winter, for instance, the job market started the year with a bang, adding roughly 275,000 jobs per month. But sometime last spring, it pulled up lame — at one point the …
Given the consistently good news we’ve seen from the housing market, it can be easy to forget just how much damage the bursting of the real estate bubble has wrought on the economy and the lives of average people across the …
In recent years, we have had no shortage of pundits, politicians, and writers telling us of the economic doom — soaring interest rates, slower economic growth, and choking credit markets — facing the U.S. government if it doesn’t reign in its debt. Since the financial crisis, however, the U.S. has consistently experienced low interest …
In the stock market, there are countless strategies for making a buck. Some investors like to focus on the fundamentals of the companies they invest in — poring over financial statements to figure out which firms are over- or under-valued. Others invest based on trends or macroeconomic events, like whether the Fed is raising or lowering …
Big Wall Street banks and consumer-advocacy groups like the Center for Responsible Lending don’t agree on much. But recently, these strange bedfellows have been brought together by their opposition to new rules governing …
