State Budget Cutbacks: A Job Market Drag?

One of the reasons you hear regularly thrown out to explain why unemployment has remained persistently high this recession and whatever you would call the period we are going through now (recovery, not quite) is state budgets. Government is typically the most reliable employer during a recession. But strapped states are having to …

Why Financial Reform Hasn’t Stopped Rogue Traders

After the financial crisis, regulators and politicians said they were going to rewrite the rules to ensure that big banks don’t end up with huge losses that put a country’s and indeed the world’s financial system at risk. Allowing the big banks to make big bets was out. And yet, here we go again. On Friday, U.K. authorities charged …

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