The past and present bailouts of each and every bank (and 'important' industry) will, one day, be seen as a generational offense is how MEP Daniel Hannan begins this thoroughly British demolition of the three critical myths surrounding the crisis
Today is Tim Geithner's last day as Treasury Secretary. Below are some quotes from various exit interviews and recaps conducted with the former NY Fed president.
Egan-Jones, a smaller rating agency, has been even more aggressive, downgrading the US credit rating three times in 18 months. And while the federal government may not have imposed Diocletian’s death penalty, they are just as willing to squash dissen
The following debunks conventional non-wisdom from most of the media and academia about the supposed stagnant middle class. Among other facts, it mentions the growing proportion of non-cash pay in the form of benefits that aren't included in governm
Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending.
Across the country, Amazon is erecting massive distribution centers in the nation’s exurbs to shorten the distance between online shoppers and the stuff they want.
THE post-war generation of baby boomers - those born between 1946 and 1964 - have had a huge appetite on the world, creating "youth culture", changing social attitudes from the sixties onwards,
Eighteen months after taking over from Steve Jobs, Cook is facing rising production costs, competition from Samsung Electronics Co. and slowing growth in smartphones, threatening profits for the world’s most valuable company.
Forget about raising the federal debt limit. House Republicans are proposing to ignore it altogether — at least until May 18.
The House plans to vote Wednesday on a measure that would leave the $16.4 trillion borrowing limit intact but suspend it
Fox News contributor Charles Krauthammer called President Barack Obama's inauguration speech an "amazing" and "important" one — for the themes of progressivism and what Krauthammer called an "ode to big government."
“Whilst a successful resolution of the current fiscal crisis remains the most important driver for many advanced-economy ratings, without further reform to address the impact of long-term aging these economies face a second, longer-term fiscal shock,
Conservatives have a legitimate gripe about America's excessive "commitments and obligations" to "unfunded liabilities" but their focus on Medicare and social security misses the larger point:
Self-rule isn't working, folks, because it doesn't work with a brainwashed, unlearned and drugged citizenry. But don't worry: more money for public education, more computers and cops in the classroom, and more college degrees will fix this
Yesterday I published a commentary about the skyrocketing growth in regulatory-related jobs in both the private and public sectors--tens of millions of needless paper-pushing jobs that are crowding out jobs that produce goods and services of real val
ZeroHedge.com reports X date is approaching, that is “the day past which the US government will no longer be able to rely on 'extraordinary measures' to delay the day of reckoning, and will be unable to pay all its bills without recourse to additio
In 2009, Mohamed El-Erian, CEO of PIMCO – the world's biggest bond fund manager – coined the term "new normal" to describe the period of economic malaise the U.S. would experience in the wake of the biggest recession of a generation.