It’s been five years since the 2008 financial crisis upended the global economy, and while corporate profits and national output have recovered, there are still 4.7 million fewer private sector jobs than at the beginning of the …
The Big New Idea for Saving the Euro
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
Why a Euro-Zone Crisis Can’t Be Avoided Very Much Longer
Each postponement of financial disaster in the euro zone seems likely to last for a shorter time, and the U.S. won’t be able to escape the fallout indefinitely
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Since the financial crisis of 2008, there have been a host of critics of the banking industry who have called for hard caps on the size of banking institutions, as well as the separation of commercial banking activity like …
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 …
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 …
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?
LIBOR Scandal: The Crime of the Century?
The latest interest-rate-fixing LIBOR scandal is being heralded as the most egregious in a generation
How Dangerous Is America’s Debt?
The deficit needs to be trimmed, but not at the risk of austerity policies that could cause another recession — and the real long-term problem is entitlements
Euro Crisis: Why a Greek Exit Could Be Much Worse than Expected
More than one kind of damaging domino effect is possible if Greece is forced to abandon the euro
Is the Stock Market Wildly Overoptimistic?
Stocks appear to be flying too high in light of the enormous number of risks that the U.S. economy faces over the next 12 months.
President to Oil Speculators: Cut It Out
President Obama has taken a lot of heat from Republicans in recent weeks over high gas prices, and what he coulda, shoulda done to keep them lower. The debate reached a fever pitch during the rejection of the Keystone pipeline, …