Here’s an online “game” found for us by one of our most trusted advisors, Boston University Finance Professor Zvi Bodie. It gives a sense of what it means to be poor in America these days. Eye-opening, if dispiriting:
A complaint lodged with the PBS Ombudsman was passed along after Friday’s broadcast and seemed worth answering in a public forum. “I do not understand why Paul Solman did not challenge Roberto Rigobon when he said rising prices were due … Continue reading
John Williams is an economic extremist. He thinks a collapse of the U.S. dollar and hyperinflation are just around the corner and that gold is therefore the best bet around. He thinks the government manipulates the economic data to make … Continue reading
Name: Peter Anderheggen Question: I recently heard that in 2011, the nation, on the whole, is paying substantially less in taxes than it did in the nineteen fifties. I do not know if this is true or just a spin.
Editor’s Note: Today we hand over question-and-answer duties to Charles Ferguson, former MIT academic and dot.com entrepreneur who is now a documentary filmmaker, and created the Academy Award-winning analysis of the Crash of ’08, ‘Inside Job.’ Last week, we aired … Continue reading
Name: Chris Curry Question: The Bureau of the Public Debt sent a letter to account holders of Legacy Treasury Direct notifying them that the program was being phased out (in favor of the online TreasuryDirect system) beginning May 1, 2011. … Continue reading
Name: Will G. Knox Question: Safety of TIPs? Paul Solman: The shortest question ever received on the Business Desk demands a rather more discursive answer. As longtime readers of this page may recall, my own family’s retirement fund is heavily … Continue reading
Once again, the monthly unemployment data give occasion for those who have hair to lose more of it. The Household Survey, from which the much-trumpeted “Unemployment number” comes, brings us a rise in official unemployment to 9 percent, due to … Continue reading