In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial…
Los Angeles TimesDemocrats and Republicans spar over regulation at JPMorgan …Los Angeles TimesWASHINGTON — Democrats and Republicans sparred over the need for tougher oversight of Wall Street as regulators and JPMorgan Chase & Co.
Exceprts from a blog post by Heidi Moore via Congress hosts Dimonpalooza with financial reform on the back burner | Business | guardian.co.uk.. There’s a…
Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of the forthcoming book “The Benefit and the Burden.”
Last week, th…
23 Mind-Blowing Facts About Inequality In America
Once again the rich are getting richer as the poor get poorer in America. Although rich people took a hit in the financial crisis, the stock market has recovered strongly.
Main Street has not: Median…
September 4, 2011
Postal Service Is Nearing Default as Losses Mount
By STEVEN GREENHOUSE
The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cas…
Analysis: Japan’s politics offer sober economic policy lessons
On Thursday August 25, 2011, 7:21 am EDT
By Alan Wheatley, Global Economics Correspondent
LONDON (Reuters) – U.S. and euro zone governments drowning in debt should look no further than Ja…
Wouldn’t the founding fathers be proud?
EXCERPT:
Obscure clause may help US avert default
By Marc Jourdier | AFP – Sat, Jul 9, 2011
Committee Co-Chair Rosa DeLauro (L), Rep Barney Frank © and Rep. Mike Doyle listen …
US President Barack O…
The Frightening Solution To Everyone’s Problem From Bernanke To Democrats To Republicans
We have two distinct groups in D.C. that are stuck between a very big rock and a hard place. The first is the Federal Reserve. The second is the Democrats and R…
Investors, already worried about the struggling economy, will be biting their fingernails as they wait to see whether the U.S. government will default on some of its obligations.
That ugly process is likely to be …
