Among the things the recent recovery may lack – jobs, for one – there is one thing we have in abundance: Inflation worries. And why not? Food prices are rising. Gas prices are rising. And many think the Federal Reserve’s efforts to boost the economy could lead to massive inflation. About six months ago, Sarah Palin and Glenn Beck began …
Last week, when the Federal Reserve finally released the names of the banks that tapped the central bank’s most secret lending program in the wake of the financial crisis many of the expect names were there. Citigroup got over $50 billion in loans. Bank of America was a big borrower, too. Goldman borrowed five times, though the amounts …
More jobs plus a lower unemployment rate equals — more to worry about. Really?
On Friday, the government reported that the job market grew faster in March than it has in that month for more than 5 years. The number of employed people in the U.S. increased by 216,000. That was better than the 194,000 jobs the economy added in …
David Sokol, a former Berkshire Executive, resigned on Wednesday. (Mario Anzuoni/Reuters)
Warren Buffett’s Berkshire Hathaway trading scandal could have been a twofer.
It appears Lubrizol wasn’t the first time David Sokol, who was until his resignation yesterday a top executive at Berkshire and a leading contender to succeed Buffett, …
Warren Buffett could be the latest Wall Street titan to have his reputation trashed.
On Wednesday, Buffett’s Berkshire Hathaway disclosed that David Sokol, one of the insurance company’s top executives, and until yesterday a possible Buffett successor, purchased $10 million in shares for his personal account of chemicals company …
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At least for my generation, born in the mid-1970s, that decade still stands as the worst of times. Perhaps because we were only babies when it was happening. And didn’t experience it for ourselves, truly. But souring prices and gas lines and growing crime as told to us by our parents and through gritty world of Taxi …
Tim Geithner should have gotten banks to lend. (Larry Downing/REUTERS)
Neil Barofsky, the soon-to-be-former Special Inspector General of the Troubled Asset Relief Program – the government’s $700 billion fund to bailout the banks – was never well liked at the Treasury Department, even though that is technically where he worked. Timothy …
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The financial crisis seems to be far from over for the nation’s smaller banks.
Two and a half years after the bankruptcy of Lehman Brothers, the number of banks that are still facing serious financial problems continues to rise, and is now nearing the four digits. According to Calculated Risk, the number of banks in …
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Perhaps frugality is back.
The American consumer, after seemingly brushing off the Great Recession far faster than expected, seems to be headed back into retreat. And it appears this time not to be the job market that is doing it or the state of the economy, but inflation. So will inflation cause Americans to finally …
Happy Piggy (Getty Images)
There is a lot of debate about whether prices are rising or not. And over whether we have too much inflation or not enough. But there is the price of one thing that surely seems to be hit with hyperinflation recently: The price of being happy.
Last September, a study came out that said the amount of income …
Disney’s Robert Iger got a 45% bigger bonus in 2010 (Phil McCarten/Reuters)
Executives in the corner office now make 62 times more than the average worker, and that’s just in bonuses alone.
A study done for the Wall Street Journal, found that incentive pay for the chief executive officers of 50 major corporations jumped 30% in 2010. …
For Americans struggling to pay for ends meat, paying for said meat just got tougher.
On Thursday, the Bureau of Labor Statistics reported its numbers that track inflation. Back out the cost of food and energy, which most economist do, and inflation looks rather tame. But if you just look at the price of food, inflation looks like a …
