Sep 30, 2015
Volkswagen has egg all over its logo. Last week we learned the company was programming cars to cheat on emission tests. Now the CEO is gone, the stock has lost a third of its value, and criminal investigations are underway.
Sep 23, 2015
The Pope is someone who cares deeply about the average working people of this country – the same people whose wages went nowhere the last 40 years.
Sep 16, 2015
The least-bad option is for the Fed to raise rates now so it can cut them later, if necessary. Going from 0% to 2% will not kill the economy, especially if they do it gradually.
Sep 8, 2015
Visit General Electric’s home page and you will see tales of “Imagination at Work.” The old tagline about bringing good things to life is gone. The change is an apt symbol. This once-great company now looks inward to itself instead of outward to the world.
Sep 1, 2015
This is also why it’s wrong to say China is “taking” our money. We’re giving it to them freely. We sell them dollars in exchange for all that stuff you see on store shelves.
Aug 25, 2015
Crude oil dipped below $40 last Friday for the first time since 2009. The entire globe was in recession back then. Why the weakness now?
Lower prices are the result of falling demand and/or rising supply. Currently we have both. Demand is falling because China's torrid...
Aug 18, 2015
When OPEC decided last November to keep the spigots open despite lower oil prices, many of us predicted doom for U.S. shale producers. The Saudis, we thought, would use low prices to bankrupt those upstart Americans.
Aug 11, 2015
Is stiffing your lenders immoral? Billionaire Donald Trump doesn't think so. Asked in last week's Republican debate about his four business bankruptcies, Trump had no regrets. He said bankruptcy is a tool the "greatest people" use.