Category: Economy

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

“History doesn’t repeat itself, but it does rhyme.” This quote, often attributed to Mark Twain, resonates with us for its pithy description of an irony we encounter everyday: In a world marked by rapid...

Saving the Euro Zone, One Bank at a Time

Saving the Euro Zone, One Bank at a Time

Its very name makes eyes glaze over, and its details are so technical that only the wonkiest of financial wonks really grasp them in full. But efforts to forge a European banking union are,...

Isis mobile wallet will finally launch next week

Isis mobile wallet will finally launch next week

The Isis mobile wallet will let users store payment cards, discount programs and merchant offers. NEW YORK (CNNMoney) — In the crowded mobile payments space, a major player is about to make a long-awaited...

Why Windows 8 sales will be slow

Why Windows 8 sales will be slow

Microsoft’s Windows 8 is a radical design break from Windows’ past. NEW YORK (CNNMoney) — For all of its radically redesigned features — and in part because of them — Microsoft’s Windows 8 won’t...

Can We Handle the Truth? Public Pensions Are Short on Cash

Can We Handle the Truth? Public Pensions Are Short on Cash

We are in trying times for sure when the good news about public pensions is that an independent study confirms a huge funding shortfall–and it’s greeted with applause because at least pension managers haven’t...

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Enron. Qwest. Adelphia. Sunbeam. WorldCom.HealthSouth. A decade ago investors knew what those companies had in common: top executives who cooked the books. After their phony accounting was exposed, most went to jail–and hundreds of...

China Reports Slower 3Q Economic Growth, But Pickup May Follow

China Reports Slower 3Q Economic Growth, But Pickup May Follow

As expected, China’s third-quarter GDP growth came in lower than previous quarters, with a 7.4%yearly expansion. That puts the economy on track for its slowest annual growth rate in over a decade. Not the dreaded...

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

On Oct. 5, the Bureau of Labor Statistics announced that the official unemployment rate had dropped from 8.1% to 7.8% — a surprisingly sharp decline given the slow pace of growth in the U.S....

Who Should Pay More in Taxes?

Who Should Pay More in Taxes?

Perhaps the affluent should pay more income tax, but the middle class will end up footing most of the bill – because that’s where the real money is. The late Louisiana Senator Russell Long...

SoftBank buying 70% stake in Sprint

SoftBank buying 70% stake in Sprint

By Charles Riley @CNNMoneyTechOctober 15, 2012: 9:31 AM ET   Sprint Nextel is the third-largest wireless carrier in the U.S. HONG KONG (CNNMoney) — Sprint Nextel on Monday said that it has agreed to...