Roubini: Minimal Growth ‘at Best’ in 2013
The legendary bear says tax hikes on wealthy Americans and government spending cuts will have a severe impact on economic growth in the United States this year.
Sequestration Cuts Imminent; Government Shutdown Looms
As the nation braced for the $85 billion in sequestration cuts to kick in on March 1, Joe Lieber of Washington Analysis laid out the “numerous tools available” to blunt sequestration’s impact.
Obama Presses for Delay, but Sequestration Cuts Imminent
President Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obama’s plan was DOA in the House.
Bill Gross: Bond King, Now Patent Holder of World Bond Index Method
Can you patent a methodology? Yes, if you’re Bill Goss. Wind and water might be next.
3 Problems With Buffett’s Higher-Tax Arguments
Buffett is part of a misinformed constituency that believes high-income earners aren’t paying enough taxes.
Buffett Slams Norquist, Calls for Higher Taxes on ‘Ultra-Rich’
"Let’s forget about the rich and ultra-rich going on strike and stuffing their ample funds under their mattresses," because of higher taxes, the billionaire investor says.
Norquist Slams Simpson in Escalating War of Words Over Taxes
A bit of controversy has arisen from last week's Schwab Impact 2012 conference, based on former Senator Alan Simpson's comments on conservative "no-tax pledge" guru Grover Norquist.
U.K. Retail Sales Down More Than Expected
Bank of England Gov. Mervyn King said the Monetary Policy Council had not completely ruled out an additional round of QE in the future, should it be necessary, to boost growth.
New Chinese Leadership to Continue Economic Reforms: Hu Jintao
Opening a congress to mark a once-in-a-decade leadership change, President Hu Jintao of China said the country will continue to pursue a boost in domestic demand to spur its economy.
PIMCO’s El-Erian Warns on Small-Business Hit From Hurricane Sandy
El-Erian pinpoints four Frankenstorm outcomes—some of them positive, some of them negative, and with one big question mark from Congress.