Hurricane Sandy made it painfully clear how fragile a city composed mostly of low-lying islands can be, and that reality has put New Yorkers in an uncharacteristically insecure mood. The New York Times expressed these anxieties …
SEC Chairman Mary Schapiro announced yesterday that she would be stepping down from her role in December, marking the end of one of the most eventful four-year periods in the SEC’s history.
When she assumed the Chairmanship of …
The No. 1 issue on Capitol Hill these days is the so-called “fiscal cliff,” or the set of tax increases and spending cuts that will go into effect Jan. 1, 2013. A Congressional Budget Office Report issued this month projected …
During the height of the financial crisis, the federal government pulled out all the stops to ensure the survival of the nation’s largest financial institutions. Along the way, shareholders and creditors of big Wall Street …
After each election, the media tends to brood over a predictable set of issues, like the small mindedness of campaign policy proposals to the nastiness of negative advertising. Another bugaboo of the pious punditry is the …
The Dow Jones Industrial Average had its worst day of the year yesterday, dropping 313 points or 2.36% as investors worried about the economic health of the eurozone and the effects of tax increases and spending cuts set to go …
Here it is, folks: The final jobs report before the 2012 Presidential Election. The Labor Department announced this morning that the U.S. economy added 171,000 jobs in October, and that the unemployment rate ticked up one-tenth …
It has been estimated that as many as 60 million people could be directly affected by Hurricane Sandy, but there are a few ways in which the entire country will feel the impact of this powerful storm. One way is through the closing of U.S. securities exchanges for the second straight day — the first time since 1888 that the country’s …
As Hurricane Sandy continues to batter the Eastern seaboard of the U.S., one thing is for certain: insurance companies will be ponying up for billions of dollars in property damage caused by high winds. Last year’s Hurricane …
During this presidential election cycle, economics and politics are inseparable. The fundamental question voters will have to decide upon when making their choice for President in a few short weeks is whether they believe that …
“History doesn’t repeat itself, but it does rhyme.” This quote, often attributed to Mark Twain, resonates with us for its pithy description of an irony we encounter everyday: In a world marked by rapid technological, …
There was more good news coming out of the housing market yesterday, with the Commerce Department announcing that new residential construction projects, called housing starts, increased by 15% in September compared to the prior
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