U.S. manufacturing is back. That’s been the conventional economic wisdom for months now. But at least one economic seer is throwing a bit of cold water on the idea.
If the sequester is so bad for the economy, why are stocks nearing record highs? And, will Marissa Mayer’s edict on work at home change corporate America? For more on this, and the top stories of the week ahead, tune into Time’s Rana Foroohar on WNYC’s Money Talking.
Direct from Davos, the bubbles and risks that worry top bankers and CEOs
One of the best descriptions of Davos I ever heard originated with my friend David Rothkopf, the CEO of Foreign Policy, whose book “Superclass” is perhaps the definitive chronicle of Davos man. “Davos,” he says, “is a …
As the pragmatic conservative economist Herbert Stein once said, “If something cannot go on forever, it won’t.” I’ve been thinking about that saying a lot in relation to today’s bull market and the complacency with which investors seem to view it.
In 2013 businesses will push for new tax laws that allow them to keep all their earnings made overseas.
Gary Gensler, the chairman of the U.S. Commodity Futures Trading Commission, is now one of Wall Street’s toughest regulators.
Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan, …
Wall Street’s disproportionate sway over the U.S. economy has caused big problems in recent years, from the subprime crisis to high-frequency-trading debacles (just look at the new research out from the CTFC showing how speed traders rip off average Joes). But here’s one you may not have noticed: it’s crippling innovation.
What does the post Sandy reconstruction tell us about the big versus small government debate? And will it effect the fiscal cliff? To learn more, tune into this week’s episode of wnyc’s Money Talking with Time’s Rana Foroohar and the New York Time’s Joe Nocera.”
Bond trader PIMCO believes the Federal Reserve’s quantitative easing will have dire long-term effects on the ecoomy