Myth of Decline: U.S. Is Stronger and Faster Than Anywhere Else
Listen, the U.S. is better, stronger, and faster than anywhere else in the world.
Obama: Taking Care of Business?
In case you hadn't noticed, President Obama has been on a mission to love-bomb corporate America in recent weeks, from cutting a deal to extend Bush-era tax rates to peppering the State of the Union address with paens to private enterprise. But are business leaders buying into the courtship?
Gross: Are We Out of the Economic Slump Yet?
Pundits will say President Obama's poll numbers are rising because he can define himself against the GOP, he's cutting deals, and he's shifting to the center with new appointments.
Economy: Debt and Politics
Global leaders may not have much time in their schedules for Broadway shows, but it's their loss if they've missed Al Pacino's star turn on Broadway as Shylock in "The Merchant of Venice."
Austerity, But Not for All
The rich get richer and the poor get poorer. But is 2011 the year this adage no longer holds?
Taxing My Patience
Here are five things you need to know about the debate over extending the temporary tax cuts Congress passed almost a decade ago.
'Wall Street 2': A Day Late and Many Dollars Short
When he first appears in "Wall Street 2: Money Never Sleeps," Michael Douglas's Gordon Gekko—older, gray, thicker around the midsection—is lecturing at a college about the out-of-control debt culture. The inside trader has reinvented himself as a scold.
Do the Rich Deserve More Tax Breaks?
Why people who make $250,000 or more a year can afford a tax hike.
Rock-Bottom Prices!
Welcome to the lowball culture. In a world of sluggish growth, excess capacity, and depressed expectations, buyers of goods and services—labor, houses, and restaurant meals, among others—have come to believe that desperate sellers should take any offer they make. But that kind of systemic bargain hunting can create a dangerous spiral: employers short-change workers, workers buy fewer goods—and the overall economy suffers.
A Successful Turn
With Ford's restructuring, and the bankruptcies of General Motors and Chrysler, the U.S. auto industry has shrunk and cut costs to the point at which it can make money on a smaller, more realistic number of sales. Is this a new normal?
CEO Crybabies
The newly passed financial-reform bill requires CEOs of public companies to measure and report the ratio of their pay to that of their workers. Blackstone Group CEO Stephen Schwarzman is complaining that the Obama administration is like Hitler invading Poland. With government and the media making life so difficult for CEOs, it must be nearly impossible to turn a profit. Right? Um, not really.
Decline in Tourism May Be a Blessing for the U.S.
But the decline in travel may be a blessing.
What the JetBlue Guy Says About the Economy
It may seem ironic that signs of employee dissatisfaction should emerge at a time of high unemployment, but it's hardly surprising. For the two phenomena—the poor labor market and workers' antagonism toward employers and customers—are actually connected. Employees are sick and tired of tough conditions and crummy salaries.
Is Any Job Better Than No Job?
Employers shouldn't be surprised that Americans won't take their crummy low-wage jobs.
How Businesses Aren't Helping Matters
The financial crisis forced many employers to cut or stop 401(k) matches. But for many, their profits are back, but not the retirement contributions. Here's why it's time for them to restore perks.
The Volt Jolt
General Motors has announced that the bottom-end version of the Chevy Volt, its new electric car, will cost $41,000. Even after a generous federal rebate, it's still pricey.
Consumer Confidence Drops, but Americans Spend More
Are we in a period of gloomy growth? An era in which Americans are pessimistic and sour but buying more anyway? What explains this behavior?
Restore the Estate Tax!
The billionaire, the union leader, and the heiress trying to bring back the tax on inherited wealth.
Why Investment Bankers Are Hurting
Let's pause and shed a tear for a class of American workers who are suffering unduly thanks to big, uncontrollable trends in the global economy. The slowdown and uncertainty in the markets is reducing demand for their services. They've become political punching bags. They're America's investment bankers.
Why CEOs Are Never Happy
After an eight-year slumber, the Environmental Protection Agency is issuing regulations again. Two years after an appalling financial debacle, Congress is finally moving to regulate Wall Street. But to hear our nation's commercial chieftains tell it, it's enough to plunge us back into recession.