Nancy Cook

Who's the Next Christina Romer?

In a speech Wednesday, Christina Romer, who will leave her position as President Obama's top economic adviser Friday, lamented that the recession has proved so hard to understand. Whoever inherits her position may feel the same sense of helplessness.

Surviving Subservience

With a national unemployment rate of 9.5 percent, many recent college graduates may have to suck it up and take jobs answering phones or opening people's mail. A writer offers tips on making it at that first gig.

5 Key Questions About the Housing Market

Can the government worm its way out of the messy housing market? A group of Treasury officials, economists, mortgage-company executives, and bankers will gather in Washington on Tuesday to talk about the big policy questions surrounding housing finance. NEWSWEEK informally polled a few economists and academics to pinpoint the five basic questions the group needs to ask.

Banks Compete for Asia's New Millionaires

Asia now has 3 million millionaires, 26 percent more than a year ago, according to Merrill Lynch Wealth Management and Capgemini, a French consultancy. The region controls more wealth than Europe and is closing in rapidly on North America. Signs of opulence are hard to miss: one of India's richest men built a 27-story skyscraper as his home, while Chinese millionaires spent $830 million on fine art in 2009.

Three Big Ideas for Solving Unemployment

Even if the Senate passes a bill to provide unemployment-insurance benefits this week, the country still needs to figure out a smart way to create jobs for millions of people whose industries and livelihoods have altogether disappeared. So, how should we put 15 million unemployed Americans back to work? Here's a quick look at the big ideas for solving the jobs crisis.

Depressing Unemployment Numbers Forecast Long, Slow Recovery

The private sector added a meek 83,000 jobs to the economy during the month of June, according to new data from the U.S. Bureau of Labor Statistics—a figure that fell short of economists' predictions and that's far below the 150,000 to 200,000 jobs that must be created each month to bolster the economy. "This is a game changer," says Bernie Baumohl, chief global economist of the Economic Outlook Group. "Those chronically upbeat forecasters will have to take out their eraser and reassess the...

Tip Sheet on Financial Reform

Where, oh, where is our financial reform? It's locked up in Congress, as House Financial Services Committee chairman Barney Frank and Senate Banking Committee chairman Christopher Dodd try to secure the 60 votes needed for the bill to avoid a filibuster in the Senate. Here's what you need to know.