- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - Alan Greenspan
Alan Greenspan began his career in economics as an analyst and forecaster. In his new book "The Map and the Territory," Mr. Greenspan presents an honest assessment of what economists can and cannot predict, along with many useful insights as to the way that both politicians and investors tend to behave. It is also a first-rate history of some of the failures and successes of economic policy over the past century by the ultimate economic-policy insider.
The Department of Justice decided to go after Wall Street investment bank J.P. Morgan over the firm's role in America's recent economic woes. The result last week was a $13 billion settlement, which is the biggest shakedown of a single company in American history.
Strike one against the idea of an expanding global economy. British Chancellor George Osborne, who's been credited for getting his country's debt under control and keeping pace with an austere budget, said one looming threat to the steady-as-she-goes economic policy that England has been practicing in recent months is the European Union.
Not until Rob Jackson wrapped his hands around another Tony Romo "oops" Sunday night could Washington Redskins fans begin to savor the moment.
A stable dollar and prices are consistent with maximum sustainable job and wealth creation. However, the Fed's dual mandate to pursue full employment and price stability has given it license to meddle in the economy to boost short-term employment, with disastrous consequences.
The minutes of the Dec. 13 meeting of the Federal Reserve Board of Governors revealed the Fed is adopting the strategy of being more transparent when communicating its intent on the movement of short-term interest rates.
Just as the outlook for the U.S. economy finally brightened in recent weeks, the darkening clouds in Europe threaten to overshadow budding signs of growth.
Should the Federal Reserve be abolished as Rep. Ron Paul and others have demanded? The Republican presidential candidates have agreed that they would like to replace Ben S. Bernanke as chairman of the Fed, and many have been equally critical of former Fed Chairman Alan Greenspan. The view that both Mr. Bernanke and Mr. Greenspan have done poor jobs is also shared by many economists and financial writers. But, if not Mr. Bernanke, who? And if not the Fed, what?
"I'd prop him up and put a pair of dark glasses on him and keep him as long as I could."
Arnold Schwarzenegger has a book deal.
Congress' chief scorekeeper effectively shortened the window for the new deficit supercommittee to reach a deal, saying Tuesday that if lawmakers are going to meet their Thanksgiving deadline, his office will need to see an agreement at the beginning of November.
In a world taken up with wars, terrorism, earthquakes, tsunamis, radiation, rising food prices and a possible famine in North Korea, there's a quiet fundamental debate going on.
The science of foretelling was apparently revered by the ancients. But in most of the Western world, fortune telling has lost its potency — that is, unless the fortune teller happens to be a scientist, pollster or economist.
Mark Zandi, Moody's Analytics chief economist, has become an oracle of sorts on Capitol Hill, where members of both parties have recited his financial forecasts in an attempt to seize the high ground in battles over stimulus packages, deficit reduction plans and the tax cuts enacted during the George W. Bush administration.
"If only we had sold our stocks a few weeks ago." "If only I'd had the brakes checked before she drove up to the mountains." There are few sadder words than those of regret at letting time pass until the catastrophe hits. Neither individuals nor armies nor nations are exempt from the human tendency to wait too long before acting - and paying a terrible price for the delay.
Mr. Greenspan said credit default swaps, which played a pivotal role in bringing down Lehman Brothers and American International Group in the September 2008 events that triggered the global crisis, were only a tiny share of the derivatives markets when he cautioned against regulation in the late 1990s and were not of much concern to regulators at the time.
"A significant proportion of the increased demand for subprime mortgage-backed securities during the years 2003-2004 was effectively politically mandated," Mr. Greenspan said. "The subprime market grew rapidly in response [to political mandates and] subprime loan standards deteriorated rapidly,"