Why Not Just Fall Off the Fiscal Cliff?
Contrarians and some politicos on both the left and the right have started to ask the forbidden question: Why not just fall off the fiscal cliff?
New Hire Roundup: Tiger 21 Names Garella San Francisco Chairwoman
This week in new hires, Tiger 21 named Julie Garella chairwoman of its San Francisco group, Eagle Asset Management brought in four new portfolio managers in Vermont, and Steven Young went to Citi Private Bank.
Senate Finance’s Baucus: U.S. Headed Toward Fiscal Crisis Like Europe
Sen. Max Baucus, D-Mont., said Monday that any tax reform plan “must be developed with a sound budget in mind that reduces deficits and debt.”
Robert Reich: Dallas Fed Says Break Up Big Banks
If the big U.S. banks aren’t broken up, taxpayers will have to pay for another Wall Street bailout—and that’s the prediction of the Dallas Fed, says Robert Reich in a blog post.
Why Washington Remains Graveyard of Bipartisan Dreams: News Analysis
Despite the pious talk of deficit-cutting centrists about the need to stop kicking the can down the road, a grand compromise will likely elude us until a leader emerges, Democrat or Republican, who can win over a large majority of the public to his vision of our society.
New Hire Roundup: SEC Welcomes Norberg; Fleming Joins FINRA Board
This week in new hires, Jane A. Norberg joined the SEC as deputy chief of the Whistleblower Office; Gregory J. Fleming was elected to FINRA's board of directors; Mike Anderson went to Securities America; and Dan Dorfman joined Trim Tabs Money Blog as a columnist.
Fed Critics Hot Under Collar Over Dollar-Swaps to Europe
The Fed’s decision two weeks ago to lower the cost of dollar funding to liquidity-starved European banks has aroused criticism on the both the left and right, but also strong words from a noted bank analyst.
Battle of Keynesians: Krugman Debates Summers on America’s Lost Decade
Has America entered an era of persistent economic weakness like the two decades of stagnation Japan has faced since the collapse of its bubble economy in 1991?
Europe’s Creditanstalt Moment—Is It Really 1931 Again?: News Analysis
Historians might one day wonder why it was that at exactly the time the European model was crumbling, the U.S. chose to weaken itself with similar policies.
Bowles, Simpson Warning: Deficit Committee Must Cut More Than $1.2 Trillion
The two co-chairmen of the National Commission on Fiscal Responsibility and Reform warned lawmakers on Tuesday that any deal to reduce the federal budget deficit by no more than $1.2 trillion would “merely delay” the nation’s fiscal problems.