Does the Fed have any weapons still left in it’s arsenal to help the economy? How much will the drought drive up food prices this year? For thoughts on this, as well as how much steam the U.S. Manufacturing boom still has left, check out WNYC’s Money Talking with myself and Joe Nocera.
Economy
The Real Problem With Offshore Tax Havens
Offshore tax havens are a hot topic these days – due in no small part to the Obama campaign’s attacks on Mitt Romney’s foreign holdings. But beyond that, governments across the globe are hard up for cash, as the global …
China’s Economic Slowdown: Why Stimulus Is a Bad Idea
What Beijing needs to spur growth is not greater spending or easy money, but fundamental reform
Former TARP Official: Both Parties are Captive to the Big Banks
While the current presidential race has predictably devolved into a series food fights over tax returns and awkward speech wordings, the nation’s economy limps weakly along. In addition, the causes of the 2008 financial crisis …
Country Half Full: An Optimistic Take On Our National Debt Nightmare
It’s rare that a United Nations report can engender optimism about anything, let alone America’s finances. But a recently issued (and mostly overlooked) study from the global body’s International Human Dimensions Program might …
Every American Is Experiencing a Different Economy
You don’t have a real economic recovery until the majority of Americans are participating — and right now they aren’t
Spain on Edge as Focus Shifts from Banks to State’s Finances
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances
LIBOR Rigging: What the Regulators Saw (but Didn’t Shut Down)
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?
Why Gas Is Getting Cheaper – and Could Hit $3 a Gallon
Gasoline prices normally rise in late spring and stay high through the summer, but this year they appear likely to keep falling.
U.S. Economy Adds Just 80,000 Jobs in June
The Labor Department released its monthly Employment Situation Report this morning, announcing that the economy added 80,000 new jobs in June – slightly less than what economists were predicting, and far too small a number to …
Has the European Slowdown Finally Hit the U.S.?
Many Americans are using the July 4 holiday as an opportunity to get away for the week, and there’s no better time to hide from dour headlines blanketing the financial press. Unemployment has hit a new record high in Europe, …
Is Stockton the Start of a Rash of Municipal Bankruptcies?
State and local borrowing amounts to only a fraction of the national debt, but while the scale may be smaller, the financial crises are much, much closer.
