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The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]
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The U.S. auto industry has been decimated in recent years by a rash of plant closings. But according to a survey of top industry executives, more shutdowns could be on the way.
The survey, conducted annually by accounting firm KPMG, found that 88% of top industry executives thought there is still too much capacity at […]
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He is Tiger Inc. Hear him roar.
Multi-million dollar contracts. An estimated $100 million (U.S.) in endorsements per year. More than $92 million from PGA career tournament winings. Ballooning PGA ticket sales and TV viewership levels.
Tiger Woods was, until now at least, a thoroughly unpolarizing sponge for corporate money who, according to Forbes magazine, […]
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The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
IMF managing director Dominique Strauss-Kahn said that capital flows to emerging markets reflected the positive outlook for those economies but warned that they […]
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Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
The dollar’s decline has been a source of concern in the export-heavy region, especially since top exporter China keeps its currency’s value closely managed […]
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Mortgage applications in the U.S. fell last week from the highest level in four months as borrowing costs increased.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan declined by 1.8 percent to 742.9 in the week ended Oct. 9 from 756.3 a week earlier. The group’s gauge […]
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Gold’s rally this year to a record shows commodity investors remain concerned that the U.S. economic recovery will spur inflation, even as Wall Street forecasts and government bonds suggest stable prices.
Bullion has jumped 18 percent this year, heading for a ninth straight annual gain, after futures touched a record $1,045 an ounce yesterday […]
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Hong Kong Monetary Authority Chief Executive Norman Chan said he will maintain the city’s fixed exchange rate, after the central bank intervened under his watch for the first time to stop the Hong Kong dollar gaining.
Chan, who began work as the head of the HKMA today, said his first task was “to keep […]
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I have to admit it’s getting better. A little better all the time.
Yup, I’ve succumbed to the latest round of Beatlemania — don’t the digitally rendered lads from Liverpool look fab in "Rock Band"? — but so have investors. And Wall Street has been acting more like cheery, optimistic Paul than brooding cynic […]
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The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW’s labor chief told a German newspaper.
“I don’t know how much we will end up with. It certainly won’t be 10 percent overnight, but between one and five percent to […]
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