The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …
Foroohar: The Two Top Jobs in Global Finance Will Soon Be Filled by Women
Here’s why that matters
Foroohar: The Debt Ceiling Crisis Is Threatening Your Quality of Life
The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the atmosphere. But it’s important …
Money Talking: The First Economic Victim of the Shutdown
Aside from the furloughed federal workers, the housing recovery may be the first economic victim of the government shutdown. Over the last two years, housing has gone from being a headwind to a major boon to U.S. economic growth. …
Forget Unemployment, Time to Worry About ‘Mal-Employment’
Nearly 4 out of 10 young people are now underemployed
Foroohar: The Government Is Down, So Why Aren’t Stocks?
Why Wall Street isn’t panicking—yet
Money Talking: JP Morgan’s $11 Billion Would Send the Wrong Message
Is $11 billion a lot to pay for causing some of the mischief that caused the financial crisis? That’s what Justice Department officials in Washington are currently trying to decide. The $11 billion in question is the potential …
Foroohar: The Fed Is Making the Two Americas Problem Worse
The Federal Reserve Bank isn’t supposed to be political. But, of course, it is. Just look at the recent decision to delay “tapering,” or scaling back the $85 billion a month asset buying spree that the bank has been on for …
Money Talking: Goodbye Company Health Plans?
Obamacare’s public exchanges for health insurance will open for business on Oct. 1. Individuals will be able to start comparing plans and signing up for health insurance online. But as that watershed moment approaches, new signals of ways private employers may change offering health insurance are coming seemingly everyday. Walgreens, …
Time’s Foroohar Responds to Treasury: Our Financial System Is Not Stronger
It seems that the Treasury Department is in agreement with the core premise of TIME’s cover story this week. In a blog posted on the department’s website Friday, Deputy Assistant Secretary for Public Affairs Anthony Coley notes …
“Money for Nothing” Wants to Be the Next “Inside Job”
Is the Fed to blame for the financial crisis and its aftermath? That’s the question asked by a new documentary film opening today, entitled Money for Nothing: Inside the Federal Reserve.
Money Talking: What Syria Means for the U.S. Economy
The debate over Syria could have major consequences on the American economy, influencing everything from whether or not the debt ceiling gets raised to if the sequester continues and who might become the next Federal Reserve Chair. To hear more about next week’s vote on Syria, and what it might mean for the economy here at home, listen …