Oct 12 This Year's Nobel Prize Winners in Economics: Skeptics and Supporters By Paul Solman A few words about the Nobel Prize in economics and this year's winners. First, the skeptics. They are eager to point out that the prize in economics is actually the Sveriges Riksbank Prize in Economic Sciences… Continue reading
Oct 11 When Economy Wanes, Politics in Europe Tend to Tilt Right Freedom Party leader Heinz-Christian Strache. Photo by Dieter Nagl/AFP/Getty Images A new maxim appears to be developing in politics from Central and Eastern Europe into Western Europe: the further down the economy goes, the further right go the politics. Continue reading
Oct 11 What Voters Talk About When They Talk About the Economy As Patchwork Nation often notes, the diversity of communities in the United States makes it difficult to identify a single economic story. National GDP and unemployment numbers are not encouraging, but no one in American experiences those U.S. averages… Continue reading
Oct 11 Monday: Chilean Miners Move Closer to Freedom; Trio Win Nobel in Economics A group of trapped miners in Chile inched closer to freedom over the weekend, as engineers worked to complete a nearly 2,050 foot-long shaft that will ultimately carry the 33 men to the surface. Officials expect to start plucking… Continue reading
Oct 11 Watch Economists Earn Nobel Prize for Asking How Job Market Works Two Americans and a British-Cypriot won the Nobel Prize in Economics in recognition of their research into why markets often don't work as expected -- particularly the job market. Jeffrey Brown talks to Catherine Rampell of the New York Times… Continue watching
Oct 11 Watch News Wrap: Weak Forecasts for Economy, Karzai Confirms Contacts With Taliban In other news Monday, dire forecasts emerged for future economic growth and Afghan President Hamid Karzai confirmed his government has been talking with Taliban leaders for "quite some time."… Continue watching
Oct 11 Watch Would a U.S. Foreclosure Ban Yield 'Catastrophic' Consequences? The securities industry said Monday that a nationwide ban on home foreclosures would be "catastrophic" for the U.S. Jeffrey Brown asks the Ohio attorney general and a foreclosure expert for insight. Continue watching
Oct 08 Does Your Lipitor Smell Funny? Check the Bottle If you are one of the millions who take Pfizer's heart drug Lipitor and happen to have one of the unlucky 90 count bottles of the 40mg pills (pictured right) you may notice an odd, musty odor. Pfizer says… Continue reading
Oct 08 California Governor's Race: a Hot Campaign Sans Obama, Tea Party In the troubled and debt-ridden state of California, two strong, well-known candidates are vying for the dubious honor of becoming the next governor. But something is missing in this extremely political year. Republican Meg Whitman, the former head of eBay,… Continue reading
Oct 08 Despite Earlier Economic Crises, Euro Performing Well -- Almost Too Well It was only last spring, amid the Greek financial crisis and divisions among European Union nations on how to respond to it, that some voices of alarm arose about the future of the European common currency, the euro, and… Continue reading