Posts by Wallace Turbeville

The human tragedy of Flint, Michigan is agonizing. Thousands of children have been subjected to lead and other chemical poisoning, not to mention adults, just to save a few dollars in a process...
January 20, 2016 | Wallace Turbeville
The Federal Reserve just released the minutes of its December meeting at which the Fed Funds rate was increased, for the first time in years, by 0.25 percentage points. The vote was unanimous, but...
January 12, 2016 | Wallace Turbeville
Bernie Sanders rang in the New Year with a rally in downtown Manhattan renewing his call to break up the big banks and jail executives who break laws. He also distilled the damage done by a predatory...
January 7, 2016 | Wallace Turbeville
The concept of Short-Termism is fast becoming the darling of progressive economic policy wonks. Predictably, the discourse is littered with inaccuracies and half-truths as pundits rush to publish so...
November 13, 2015 | Wallace Turbeville
The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating...
October 2, 2015 | Wallace Turbeville
This morning’s routine was going well — make coffee, pour juice, cut fruit, listen to NPR. The reporter was interviewing a former ambassador to the Vatican who was saying that the Pope’s views on...
September 25, 2015 | Wallace Turbeville
The 2008 financial crisis was no accident. It was the result of a decades-long deregulation effort, lobbied for by the financial industry and executed by our political institutions. Now, as the facts...
September 11, 2015 | Wallace Turbeville
US stock prices opened trading much higher today after yesterday’s rout and the rout the day before that and the rout the day before that. European markets were up also. The Chinese markets, which...
August 26, 2015 | Wallace Turbeville