Politics
Politics Articles
The selection of a new Managing Director of the International Monetary Fund has become contentious because some of the world’s largest emerging nations believe the organization’s next leader...
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Austerity measures have gutted parts of the national budget and are about to go farther. Parts of the defense budget may disappear. Billions could be cut from federal discretionary spending over the...
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Wisconsin Gov. Scott Walker (R) became a hero to fiscal conservatives earlier this year for pushing a law through the state Legislature that stripped most of the collective bargaining rights away...
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The arrest of Dominique Strauss-Kahn, head of the IMF, on sexual assault and other serious crimes, immediately raised the question of how the organization would carry on. His able deputy, John...
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Treasury Secretary Timothy Geithner should be the Administration’s standard bearer as it negotiates furiously to raise the debt ceiling. He sent another one of a series of letters to members of...
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Sometimes it is almost hard to imagine that a news story did not start in the tabloids. The financial world and the political world have been shocked by news that the International Monetary...
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As state budgets strain under huge debt loads, they are counting increasingly on “sin taxes”, one of the few reliable sources of revenue in these uncertain economic times. States have profited...
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American International Group, Inc. (NYSE: AIG) is seeing a mixed reaction this morning to the news that the U.S. Treasury is set to sell about 300 million shares with an implied value of close to $9...
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The big Greek rumors are already being refuted today, but it doesn’t matter. Friday’s big rumor is that Greece will leave the Eurozone. Our prediction: this rumor is not true now, but on a...
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Today’s alternative energy news leads off with a downgrade to First Solar Inc. (NASDAQ: FSLR), then looks at a new bill to cut ethanol subsidies, and wraps up with profit news from Spain’s...
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The most recent White House news is that no photos of Osama Bin Laden’s corpse will be released to the public. We have heard mixed reports all week about whether or not a photograph would be...
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A new study from the Asia Society published in The New York Times says that China may invest $1 trillion in markets outside its borders before 2020. Much of the capital could come to the US. America...
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The reaction to the death of terror mastermind Osama Bin Laden has had what feels like a very limited impact on key financial markets, particularly if you go back and relive the week after the...
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Corporate pensions, municipal pensions, state pensions — each category has funds that have run out of money and certainly many are running low. The fate of the UAW pensions was a critical part of...
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If you saw that the equity markets were lower after news out of China this morning, the inevitable credit ratings agency news about the U.S. sovereign debt is adding more fuel to the fire this...
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