While global equity markets continue to cheer every positive headline out of Europe, the Italian government bond market implodes. Even with the European Central Bank intervening in the market, the spread between Italian and German government bonds hit a new high yesterday.
Archives for November 2011
The Single Greatest Risk to the Global Economy
Police Chief Millionaire at 43
Are you living the American dream? Or are you funding it? If you’re a taxpayer in Westerly, Rhode Island, you’re funding it. In this case, it’s recently retired Police Chief Ed Mello who’s living the dream—retired at age 43 with a $54,000-a-year pension. In the private sector, with interest rates so low, that equates to […]
Giuliani: Obama Owns Occupy Wall Street
By DANIEL HALPER This is not what democracy looks like. Before Occupy D.C. protesters swarmed the Washington Convention Center on Friday night, Mayor Rudy Giuliani delivered a speech to the free market faithful at the Americans for Prosperity conference. In his speech, he made the case that Barack Obama is responsible for the Occupy […]
Your Great Health Find
Flee the big box, simulated food, super stores. I will not step in these feedlot-oriented, packaged foods behemoths and you need not patronize the simulated food boxes either. Why refer to the commercial chains as simulated food purveyors?
Protect Your Money
Four More Years?
Wynn Resorts CEO on the Biggest Threats to Business
Forecasting Recession
In October, the Conference Board’s Consumer Confidence expectations index plunged deep into recessionary territory. The index has only been lower twice in its more than four decade history. Both episodes were associated with deep recessions. Why are consumers forecasting recession?
Does U.S. Economic Inequality Have a Good Side?
Watch Does U.S. Economic Inequality Have a Good Side? on PBS. See more from PBS NewsHour. New York University School of Law Professor Richard Epstein discusses inequality in America with PBS’s Paul Solman.