Today marked the debut of “Money Talking,” a weekly radio show featuring TIME’s own Curious Capitalist columnist, Rana Foroohar, along with New York Times op-ed columnist Joe Nocera and veteran television journalist Jeff Greenfield, who hosts. Promising to “translate” the week’s most important economic and business news for those of us not fluent in financial jargon, the [...]
This week’s edition of TIME International features an interview with Italian Prime Minister Mario Monti (subscribers can read the story here). In the mean time, check out our video interview with Italy’s new leader.
In this week’s Curious Capitalist column in TIME magazine, Rana Foroohar says another reason China’s long string of economic growth could be coming to an end could because ever since the financial crisis China has been increasingly shifting its resources to state-run firms and clamping down on capitalism
In Time’s cover story this week, (available to subscribers here) you can find out why Obama’s decision to sell a very used automobile company to Italy’s Fiat has proved to be a good deal for both parties
It’s hardly surprising that the stresses of poverty would take a psychological toll, but new research is showing just how stark a toll it can be
Why are the markets so schizophrenic? Bond spreads are rising, signaling rich country solvency fears. Yet stocks are up (except when political ineptitude like the failure of the super committee to reach a debt deal knocks them temporarily down). The mixed signals aren’t as strange as you might think — they reflect the large and [...]
In this week’s magazine story on poverty in the U.S., I briefly mention that the way we typically count the poor is far from ideal. The official U.S. poverty line dates back to the 1960s, when Mollie Orshansky, an economist at the Social Security Administration, came up with a measure based on how much money [...]
As Greeks decide the fate of Prime Minister George Papandreou around midnight Athens time tonight, it’s good to remind ourselves what our interest in this latest Balkan mess is: credit. Not the numeric version in your monthly credit card statement, nor the alphabetic label Standard and Poor’s attaches to corporations and countries, but rather the intangible social force those numbers and letters are trying to approximate, a force that binds communities, economies and countries together.
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 [...]
This house may have never sold (Photo: Jeff Haynes/REUTERS) Note: This is a guest post written by TIME reporter Josh Sanburn. UPDATE (11:00AM, February 23): The National Association of Realtors said that existing home sales rose 2.7% in January from December, and were up 5.3% from a year ago. It was the first time in [...]
