Imagine riding from Philadelphia to New York in only 37 minutes, or from Boston to Washington, D.C., in just three hours on a cutting-edge, high-speed transportation network linking every major city in the Northeast — …
Government
As the Fiscal Cliff Nears, Will Anyone Swerve?
Standard Chartered and Why We Must Change the Way We Police Banks
MF Global, JP Morgan’s Whale Fail, LIBOR rate-rigging: The financial services industry has been cranking out scandal like it’s going out of style. The incidence of financial scandal has become so frequent, in fact, that each …
The Accounting Trick Behind Thirty Years of Scandal
Once upon a time, New York City’s Times Square was plagued with Three Card Monte dealers who made their living bilking unsuspecting tourists out of their five and ten dollar bills with the aid of paid shills and a little …
Arthur Laffer’s Anti-Stimulus Curve Ball is a Foul
Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put the kibosh on future plans for government stimulus. Laffer, who had his heyday back in the Reagan years, …
Why It’s Time for Central Bankers to Say: ‘No More!’
Easy money and central-bank intervention are not the answers to the stumbling global recovery
9 Reasons Why This Economy Feels So Bad
The recent slump has been unusually painful, and the feeble recovery has been disappointing. But today’s economy seems even worse than it actually is
Unemployment Rate Ticks Up to 8.3% — But There’s Good News, Too
The unemployment rate rose to 8.3% in July, but it’s probably the most hopeful jobs report in months.
Why is Ed DeMarco Blocking a Win-Win Housing Program?
Widespread principal reduction for underwater homes has long been the Holy Grail for many observers of the housing market, as well as for those who believe the weak housing market is one of the heaviest burdens weighing on the …
Will Ben Bernanke Pull the Trigger on More Bond Buying?
The Federal Reserve’s monetary policy brain trust – the Federal Open Market Committee (FOMC) — meets again today, and after a month of disappointing economic news following June’s meeting, the financial world is eagerly …
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 …
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 …