government

Hank Paulson may have created a monster. He has recently said that he does not want to use the TARP (Troubled Asset Relief Program) to buy dodgy assets as he originally billed the U.S. bailout measure. Instead, he wants to inject cash…

Hank Paulson knows he has two months left until he leaves Washington. Therefore, he must feel he needs to pass out as much free cash to his friends in banking and finance before he leaves town. Or, at least so it seems. The latest story I…

Deregulation and laissez-faire orthodoxy bears much of the blame for the current economic mess we are experiencing. Dean Baker notes with chagrin that Barack Obama, who will take office as U.S. President shortly, has put some of the…

The United States Government's bailout of the financial sector is approaching breathtaking proportions. There are so many pronouncements and announcements of this monetary stimulus and that loan of this preferred equity stake and that…

The U.S. government is throwing money at the financial sector like nobody's business. The latest salvo in this ridiculous affair comes in the form of more money for AIG. Rather than prattle on about how shambolic the U.S. bailout has…

Barack Obama promises to make some dramatic changes in U.S. foreign policy after eight years of a neo-conservative agenda. The question really is what would those changes be. Below, David Ignatius outlines a reasonable argument that Obama…

Barack Obama has won the U.S. presidential election in convincing fashion. While I am clearly not a liberal nor a Democrat, I am pleased with the election's outcome. It signals a new beginning - a new era in American politics and in…

Quite funny.

When the Euro was formed, bond traders looked askance at Southern European sovereign debt, which trade at a considerable premium to debt from Germany, France and the Netherlands. In those days, the Southern European countries developed the…

As we head into the final stretch leading up to the U.S. presidential election, I wanted to throw a thought out there about experience and judgment. I have long been of the view that natural bias toward one or the other has a lot to do…