Like an aging rocker, Texas Governor Rick Perry is currently on the 2013 I’m Coming For Your Jobs tour across America. His first stop: California a couple months ago. This week he’s in Illinois, where he got a nasty reception from public officials. The trips are part of an effort to get businesses from highly taxed and heavily …
Instead of struggling to keep the euro zone together, default may be less painful in the long run for the people of overindebted countries
Updated at 11:12 p.m.
In the years following the financial crisis, America has been obsessed with debt. Hurting from the crisis, consumers and businesses have been busy paying off debt, while the federal government has ramped up its borrowing through a combination of stimulus spending and lower tax revenue. And of course all this new …
Online currencies like the Bitcoin are one day likely to alter government policy, just as the bond market did in the 1990s
For Americans, the economy is likely to remain sluggish for several years, but the long-term outlook isn’t nearly as bad as the pessimists say
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
“It really is a sin to waste that good meat when there’s no reason to, when it could be salvaged and somebody could use it.”
The number of local red-light camera contracts awarded around the country has exploded, from 155 in 2005 to 689 last year. The pitch to install the cameras is that it’s a win-win for municipalities, simultaneously saving them …
When one cruise ship experiences problems at sea, it’s categorized as an isolated incident. What happens when several ships operated by the same company run into high-profile trouble?