Reading Time: < 1 minute Just how weak is the global economy, how did we get here, and what should governments be doing to rekindle growth? Jeff Schechtman talks to the FT’s economics guy.
Reading Time: 2 minutes At TruthDig, Chris Hedges, playing off an economist’s piece in the Financial Times, posits a dire future based on the collapse of the dollar, largely on account of the humongous military budget’s role in ballooning the deficit. The article, typically lively and controversial Hedges fare, is worth reading for its analysis, as are Hedges’s comments Read More
Reading Time: < 1 minute The Financial Times has reported that America’s top banks need not raise the full amount of capital mandated by the recent “stress tests” if they manage to book higher than expected earnings: The banks have 28 days to announce their capital-raising plans and until November 9 to implement them. Wells Fargo and other banks that Read More