Consumer borrowing can be a powerful sign of economic confidence, an indication that households are feeling flush and assured of their future ability to pay back debt without undue difficulty. So...
August 8, 2011 | Amy Traub
Imagine an America that boldly undertakes a major effort of unprecedented scale. Now imagine that no one knows how much it will cost or when it will end, only that it is imperative to act if we are...
August 8, 2011 | Guest Author
In the financial crisis, the signature of the credit-rating companies has been that they are a day late and a dollar short. In this case, $2 trillion. S&P made a $2 trillion error in the...
August 8, 2011 | Robert Kuttner
After last week -- when JP Morgan Chase settled charges by the SEC that it engaged in rigged bidding -- its CEO Jamie Dimon has even more explaining to do.
July 12, 2011 | David Callahan
Conservatives are a house divided these days on many issues. But on the core issue likely to determine the 2012 election, the economy, there’s not a millimeter of space between them....
July 12, 2011 | John Schwarz
Last week's spat between Governor Cuomo and Mayor Bloomberg over the Indian Point nuclear power plan has the grim fascination of a car wreck. Put aside the facts (Cuomo has the clear upper hand,...
July 11, 2011 | Richard Brodsky
Political scientists like to argue that politics is about who gets what and that self-interest tends to drive policy preferences. But the real world doesn't always work this way -- certainly not when...
July 11, 2011 | David Callahan
Not a day goes by without a conservative leader or media outlet arguing that the stimulus has been a failure and that uncontrolled government spending is only making the recession worse. Of course,...
July 11, 2011 | David Callahan