Spanish Banks Downgraded as Cyprus Seeks Bailout
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.
PIMCO’s El-Erian: What Bernanke Really Meant
The Fed chief's comments on Thursday were carefully crafted so as not to rattle the markets, but PIMCO CEO Mohamed El-Erian took to the Huffington Post to deconstruct the true meaning behind the politico speak.
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Mohamed El-Erian: The 2012 IA 25 Extended Profile
Within the first minute of meeting Mohamed El-Erian, you understand why his company, PIMCO, and the man, is so successful.
The 2012 IA 25
Some people ride a wave and some people, like the honorees of the 10th annual IA 25, create a wave.
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.
The Third Choice
Americans Elect is an organization that aims to provide an alternative to the Democratic and Republican candidates in this year’s presidential elections.
PIMCO’s El-Erian Defends Eastwood in Ad Controversy
While he isn’t exactly Clyde from “Every Which Way but Loose,” PIMCO’s Mohamed El-Erian is sticking by Hollywood legend Clint Eastwood and the controversy surrounding Eastwood’s “Halftime in America” Super Bowl advertisement.
'Harry Potter' Star Supports Higher Taxes for Wealthy
Move over, Wizard of Omaha. You’ve got company–the Wizard of Little Whinging. Actor Daniel Radcliffe, best known for his portrayal of wizard Harry Potter, has come out in favor of taxing the wealthy, himself included.
Downgrades Hit Europe; PIMCO’s Gross Sees Greek Default
Friday the 13th turned out to be very unlucky indeed for the euro zone, as Standard & Poor's downgraded nine countries in the bloc, including triple-A rated France and Austria, and put 14 of the 17 countries on negative outlook.