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If you've got debt and die tomorrow, don't assume it will disappear. Chances are, it will eat into the assets you may be planning to leave your heirs and may even wipe out your estate.
In the media
Michelle Crouch
You may have seen a big outbreak in the academic literature and business media of defenses of liquidity for liquidity’s sake, evidently prompted by increased interest in and in the EU, implementation of transaction taxes as a way to tame speculation and secondarily raise revenues.
In the media
Yves Smith
It's been a big month for changing the narrative protecting big banks from prosecution and regulation.
Blog
Joseph Hines
Demos released a new report showing how the rise of high frequency trading (HFT) comes at a massive cost to the real economy, despite Wall Street’s claims to the contrary.
Press release/statement
Another monthly jobs report is in, and the results are better than most people expected: 236,000 new jobs were created last month. That's the best economic news we've heard in a while.
Blog
David Callahan
While recent CBS and Gallup polls show that most Americans remain divided over whether or not the recent sequestration cuts are in fact negative, many low-income families are already bracing for their impact. SNAP benefits and the Children's Health Insurance Program may be safe, but WIC benefits and
Blog
Ilana Novick
This is a story of journalists and economists, and the confusion that can ensue when they communicate.
Blog
Wallace C. Turbeville
New Jersey was ready when Hurricane Sandy rushed ashore the evening of October 29, 2012. Teams from FEMA and the National Guard had been activated, nuclear reactors had been shut down, and the Red Cross had prepared meals and shelters. The carefully laid plans didn’t prevent the storm from wreaking
Blog
Brenden Timpe
Attorney General Eric Holder made it official in testimony before the Senate Judiciary Committee: Some banks are so big that criminal prosecution poses an unacceptable danger to the U.S. and world economies. This is not Holder's opinion alone. In the past, the Justice Department has consulted with
In the media
Wallace C. Turbeville
It is often assumed that the majority of Americans who don't vote are poor and nonwhite. Not so. While it is true that low-income Americans vote at much lower rates, the majority of nonvoters -- in raw numbers -- are white middle class Americans.
Blog
David Callahan