Economy

Euro Banks Swap Cash for Trash

Cheap loans being offered by the European Central Bank to help reflate the Eurozone are encouraging some banks to boost their profits by loading up on risky bonds.

My Top Five Takeaways from Davos

One of the challenges of covering the World Economic Forum at Davos as a journalist is making sense of the whole thing. The forum is days and days of wandering conversations and endless debates on just about every subject you can …

Why Manufacturing Can’t Solve The Jobs Problem

Here in snowy Davos, the topic of job creation has been about as popular as the passed canapés and free champagne. Not surprisingly, President Obama’s latest jobs proposals — a combination of taxing outsourcing corporations …

The Limitations of Looking at the Big Picture

On Wednesday, the World Economic Forum will gather on a pretty mountain in the Swiss village of Davos. Immortalized as the Magic Mountain in Thomas Mann’s classic novel about a tuberculosis sanatorium, Davos today attracts those

Is U.S. Manufacturing Really Back?

Is America in the middle of a manufacturing job revival? The latest numbers would make it seem so. The U.S. has added more net manufacturing jobs since the start of 2010 than the rest of the G7 nations put together, with only two …

The Big Winner of the Great Recession Is …

The recent recession has been the most brutal since the Great Depression and has caused enormous hardship for many American families, as well as immense financial problems for governments around the world. As a result, it’s hard …

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