How inept boards of directors are ruining once great American companies.
Why you should bet against whatever idea is hot at the World Economic Forum
This afternoon, while walking into the Congress Center, the main hub of Davos, I noticed a piece of gray paper on the floor. It looked like it might be currency of some sort—certainly not a dollar, but perhaps Swiss francs or something else.
In my first 24 hours in Davos, Switzerland, here are several phrase I haven't heard: "Goldman, Sachs," "subprime mortgages," "American hegemony," and "don't you love that minaret?" The last isn't surprising.
George Soros always starts his annual lunch at Davos by reminding his guests that while is he is primarily known as a hedge fund manager and philanthropist, his real profession is Philosopher.
How the president's new Wall Street proposals will—and should—punish Goldman Sachs.
President Obama and congressional Democrats reached an agreement on Tuesday night to appoint a bipartisan commission. The Washington Post reports: "Under the agreement, President Obama would issue an executive order to create an 18-member panel that would be granted broad authority to propose changes in the tax code and in the massive federal entitlement programs—including Medicare, Medicaid, and Social Security—that threaten to drive the nation's debt to levels not seen since World War...
Political commentators will likely say that Republican Scott Brown's victory in the Massachusetts Senate race proves that the U.S. is still a center-right nation and that President Obama and the Democrats have to be more bipartisan.
The big banks claim the government isn't helping them anymore. Not exactly. Check out this little-known subsidy.
Since last fall, it's been apparent that the government is turning a profit on many of the insurance schemes, backstops, and other measures it put into place to aid the stricken financial system.
Conservatives claim Obama's policies are weakening the dollar. Let's examine the evidence.