On January 22, 2012, French presidential candidate François Hollande shook up the banks: “It has no name, no face, no party, it will never be…
Facebook isn’t over the hill, exactly. Last October, it announced that 1 billion people a month used it, in a world of 7 billion. Leaping from one milestone to the next. But in key markets, such as the US where it derives most of its revenues, it…
Congress excels at enriching corporate welfare programs—in this case, Medicare. Ironically, it happened while Congress is struggling to rein in Medicare’s gargantuan deficits with belt-tightening measures that…
Much digital ink has been spilled about the oil and gas boom in the US, the result of ever improving fracking technologies, and whether or…
Japan’s Liberal Democratic Party went all out late last year to re-grab the power it had held for 50 years before getting booted out in…
“Repression” is what Richard Fisher, President of the Dallas Fed, called “the injustice of being held hostage to large financial institutions considered ‘too big to…
France’s economic foundations are cracking. Unemployment hit 10.5% and is incessantly rising. The private sector is becoming comatose. Car sales sank 13.9% in 2012, from a lousy…
A sadly familiar theme in the US—the growing ranks of the working poor—was fleshed out today. But the report, “Low-Income Working Families: The Growing Economic Gap,”…
As developments in the Eurozone veered from bad to awful, with Greece on the brink and Spain getting closer, Switzerland, a speck with 7.9 million people surrounded by turmoil, is bracing itself, according to the President of the Swiss National Bank a…
The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash…