Archive | Economy
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Column: The Annual Report of the United States
The United States government is in the midst of a budget crisis. The federal government has run a deficit—it has spent more than it collected in tax revenues—in all but four fiscal years since 1969, but recent deficits have reached unsustainable levels. In 2009, the government spent $1.
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Credit Suisse CEO talks state of financial markets
Credit Suisse CEO Brady W. Dougan delivered candid remarks on the future of financial markets, the effects of the economic crisis on finance, and the current hiring season in the financial industry to an audience of nearly 200 in Boston last night.
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Column: To regulate or deregulate – that is the question
I recently finished reading the Sept. 30 issue of Rolling Stone, and was able to force myself to read the feeble attempt at political commentary known as "National Affairs." The article was about credit default swaps (CDSs) in relation to the potential bankruptcy of oil giant BP.
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‘Mancession’ brings new majority to the workforce: women
"Mancession" is the new nickname being thrown around for the recession that began in 2007. The nickname stems from the victims of job loss in the recession: mostly men. Men account for 75 percent of the labor market that have lost jobs since 2007, according to a 2009 report by the U.S.
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Column: As world oil consumption reaches peak decisions must be made
Our world is at a turning point, and how we choose to act in the next few years will determine the fate of many generations to come. I'm referring to the looming global oil crisis, and its inevitable effects.
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Bernanke fields queries on crisis, jobs
Even though Federal Reserve Chairman Ben Bernanke has spent more of his career as a professor than as the nation's top central banker, he insisted he wouldn't lecture the nearly 175 college students gathered Monday for a question and answer session at the Rhode Island Convention Center.
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Column: Be very afraid, the “experts” are running the economy
The free market did not cause the financial crisis, and the Elmer’s glue and Scotch tape our wise leaders have applied to the economy are only prolonging the agony. That’s the thesis of my 2009 New York Times bestseller, “Meltdown.
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Column: Gold standard would be a check on inflation
Today, worries about inflation are justifiably widespread. In the past, there was a check in place to prevent inflation from spiraling out of control: sound money.
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Column: Marijuana legalization would save California economy
There are pivotal tipping points in which countries must make important decisions - decisions that will drastically affect the their future. This will be one of those situations. For decades, a growing population of America's citizens have cried for marijuana to be legalized.