Economix: Super Sad True Jobs Story
Nancy Folbre is an economics professor at the University of Massachusetts Amherst. What happens when the most successful no longer need the less successful? In Gary Shteyngart’s entertaining new...
View ArticleFed Wants Priority Put On Deficit
“Monetary policy cannot be a panacea,” the Fed’s chairman, Ben S. Bernanke, told an audience of bankers Tuesday in Atlanta. He said that growth remained slow and uneven, but he made no mention of the...
View ArticleEconomix Blog: It’s the Aggregate Demand, Stupid
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. Today’s Economist Perspectives from expert...
View ArticleTop Banks Confront Leaner Future by Cutting Jobs
Battered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape...
View ArticleInside the Fed in 2006: A Coming Crisis, and Banter
The officials laughed about the cars that builders were offering as signing bonuses, and about efforts to make empty homes look occupied. They joked about one builder who said that inventory was...
View ArticleDealBook: New York Fed Was Warned About Rate Inaccuracies in 2007
1:51 p.m. | Updated A Barclays employee notified the Federal Reserve Bank of New York in April of 2008 that the firm was underestimating its borrowing costs, following potential warning signs as early...
View ArticleDealBook: New York Fed Receives Reprieve on Libor Request
Luke Sharrett for The New York TimesRepresentative Randy Neugebauer, left, leads the oversight panel of the House Financial Services Committee. Congress has eased demands that the Federal Reserve Bank...
View ArticleDealBook: Treasury to Sell $18 Billion Worth of Additional A.I.G. Shares
6:17 p.m. | Updated The Treasury Department said on Sunday that it plans to sell an additional $18 billion worth of shares in the American International Group, more than halving the government’s stake...
View ArticleFight Over U.S. Budget Weighs on Shares
Concerns about the strength of the economy and the potential for a budget fight in Washington pushed the stock market down on Monday. The Dow Jones industrial average fell 49.71 points, or 0.32...
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