THE denouement of the fiscal-cliff drama, unsurprisingly, ended up with a vote that split Republicans in the House. John Boehner, Paul Ryan and 83 other GOP representatives joined 172 Democrats in voting to pass the compromise bill crafted in the Senate that will raise taxes on income over $400,000 for individuals and $450,000 for couples. Just […]
In theory and on paper, there should be no doubt that the market would much rather have a deregulating, tax-cutting, financially savvy investor in the White House. Mitt Romney is the closest thing to an accomplished businessman to get this far in a presidential race since Ross Perot ran 20 years ago. Yet you can’t help but get the […]
It is time for economists to admit that they are stumped. Four years after being blindsided by Lehman Brothers’ collapse, the profession is still stumbling in the dark. Policymakers and pundits still make confident pronouncements, but the conclusions are radically different. The expert disagreements give away the truth: ignorance reigns. Read Here – Reuters
During the recent foreign policy debate, the president presumed to instruct his opponent: “Governor Romney maybe hasn’t spent enough time looking at how our military works. You mentioned the Navy, for example, and that we have fewer ships than we did in 1916. Well, Governor, we also have fewer horses and bayonets, because the nature […]
Four years after the collapse of Lehman Brothers Holdings Inc. and the near-total paralysis of capitalism’s central nervous system — the moment fear completely overwhelmed greed on Wall Street — we are starting to see a few glimmers of hope. The good news: Several big banks have finally started taking steps to reform Wall Street’s out-of-control […]
looking beyond borders 