Rep. Bachus Targeted for Insider Trading in Ethics Probe
House Financial Services Committee Chairman Spencer Bachus is under investigation regarding allegations that he may have violated insider-trading laws.
How to Capitalize on the ‘January Effect’
Renewed optimism that drives resolutions to lose weight, stop smoking and save money also affects market performance, according to Stephen Ciccone, a professor of finance at the University of New Hampshire.
Pozen Slams Gingrich on Social Security, Income Taxes
AdvisorOne contributor Robert Pozen took to the pages of the Washington Post on Monday to critique Newt Gingrich’s plan for both Social Security and income taxes. Not surprisingly, the long-time Democrat, isn’t impressed.
Does Keynes Offer Solutions for Today?
Readers are invited to weigh in on the controversy over the validity of John Maynard Keynes’ economic theory–so poignant today because we are living in the worst economic times since the Great Depression, to which Keynesian economics was a response.
Fitch Downgrades 5 Big European Banks
Fitch's downgrades came in the face of the ongoing debt crisis in Europe, as well as problems facing the banking sector.
Surprise: Congress May Make Spending Compromise
While nothing is certain yet, a proposal is expected to be ready later in the day for a measure that will allow the government to keep running past Friday even as larger battles are fought over the expiration of a payroll tax cut and the question of whether to extend...
Larry Summers: Three Ways to Combat Rising Inequality
Lawrence Summers, past president at Harvard University, Treasury secretary in the Clinton administration and economic advisor to President Barack Obama, took to the pages of The Washington Post on Monday to decry the growing gap between rich and poor. He then offered three suggestions that he claimed would help distribute...
China Berates U.S. Over Downgrade
In a scathing Saturday editorial excoriating the U.S. for being addicted to debt and living beyond its means, China’s state-run news agency highlighted a different but related issue: China’s U.S. debt holdings that amount to some $1.16 trillion.
Japan Takes Steps to Weaken Yen
In response to a move by Switzerland on Wednesday to weaken the Swiss franc, Japan found itself forced to intervene on behalf of its own currency on Thursday for the third time in less than a year, selling an unspecified quantity of yen on the market.
Debt Ceiling Deal Reached; Senate, House to Vote on Monday
The proposed deal would raise the debt ceiling now and through 2012, cut domestic and military spending over next 10 years.