Economy Aug 03 With Debt Deal Done, Markets See Little to Rally About Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump. Photo…
Economy Aug 02 No Cylons, No Caprica, But Still Pretty Fracking Cool Pretty fracking cool, if you'll pardon our Battlestar Galactica reaction to this video from Studio 20 at New York University. Whether or not the method of natural gas extraction known as "fracking" is more costly than beneficial is the…
Arts Aug 01 Default by Debt Ceiling? ‘Complete Nonsense’ // Editor's Note: On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting…
Arts Jul 29 How the U.S. Racked Up $14 Trillion in Debt A fascinating set of graphic debt data, courtesy of the New York Times. Meanwhile, amidst all the scare talk of a bond rate crisis, has anyone noticed that the bond market is rallying mightily…
Arts Jul 29 Fancy a Pint? Brew Throughout the World Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How likely are they to be drowning their sorrows elsewhere in the world? You might…
Economy Jul 27 China’s Communism and Capitalism: The New Yin Yang? The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsche's? Yoram asks. "Do…
Arts Jul 27 China’s Communism and Capitalism: The New Yin Yang? The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsches? Yoram asks. "Do…
Arts Jul 26 The ‘Bond Vigilantes’ and the Debt Ceiling Crisis: No Need to Panic or Lying in Wait? Harvard's eminent trade economist, Robert Lawrence, gave a talk in Greece this month. Among his slides was this image with the headline: "The Vigilantes are Asleep!" Slide image courtesy of Robert Lawrence. That would be the so-called "bond vigilantes"…
Economy Jul 25 Should You Stash Cash if the Debt Ceiling Isn’t Lifted? Speaker of the House John Boehner (R-OH) and President Barack Obama wait before a meeting in the Cabinet Room of the White House July 10, 2011 in Washington, D.C. to negotiate increasing the debt ceiling in order to avoid defaulting…
Arts Jul 25 Should You Stash Cash if the Debt Ceiling Isn’t Lifted? Speaker of the House John Boehner (R-OH) and President Barack Obama wait before a meeting in the Cabinet Room of the White House July 10, 2011 in Washington, D.C. to negotiate increasing the debt ceiling in order to avoid defaulting…