Dec 13 How Detroit Leaders Ignored Causes of Bankruptcy for 65 Years By Lew Mandell The signs of Detroit's decline have been well-recognized for 65 years. Photo courtesy of Spencer Platt/Getty Images. For the past few months, Lew Mandell, author of "What to Do When I Get Stupid," has been… Continue reading
Dec 12 'Mo Money Mo Development': Applying China's economy to P. Diddy By jappell Fulbright Scholar and comedian Jesse Appell has been our far-flung correspondent in China this year. Most recently, he appeared on the Business Desk writing about China's theme song, exposing the economic desperation underlying the country's avid consumption. But he's… Continue reading
Dec 12 'Mo Money Mo Development': Applying China's Economy to P. Diddy By Jesse Appell Fulbright Scholar and comedian Jesse Appell has been our far-flung correspondent in China this year. Most recently, he appeared on the Business Desk writing about China's theme song, exposing the economic desperation underlying the country's avid consumption. But he's… Continue reading
Dec 11 Nobel laureate Bob Shiller on why the Fed can't say there's a housing bubble Yale University economist Robert Shiller wasn't too concerned that the call he received in October telling him he received the Nobel Prize in economics was a prank. The person on the line had a Swedish accent, after all. Continue reading
Dec 11 Nobel Laureate Bob Shiller on Why the Fed Can't Say There's a Housing Bubble Yale University economist Robert Shiller wasn't too concerned that the call he received in October telling him he received the Nobel Prize in economics was a prank. The person on the line had a Swedish accent, after all. Continue reading
Dec 11 Dan Ariely: At $61k a year, college is a bargain By dariely Is college too expensive and are free online courses the answer to the rising cost of full-time college? Dan Ariely's not so sure. Photo courtesy of Flickr user DG Jones. MOOCs. Massive Open Online Courses. By now, the… Continue reading
Dec 11 Dan Ariely: At $61K a Year, College Is a Bargain By dariely By Dan Ariely Is college too expensive and are free online courses the answer to the rising cost of full-time college? Dan Ariely's not so sure. Photo courtesy of Flickr user DG Jones. MOOCs. Massive Open Online Courses. Continue reading
Dec 10 What is the Volcker Rule that five regulators just approved? By Simone Pathe All five financial regulatory agencies have approved a ban on big banks' proprietary trading, named for its chief proponent, former Federal Reserve chair Paul Volcker, center. Photo Ralph Alswang for Flickr user Third Way. In 2008, in the… Continue reading
Dec 10 What Is the Volcker Rule That Five Regulators Just Approved? By Simone Pathe By Simone Pathe All five regulatory agencies approved a ban on big banks' proprietary trading, named after its chief proponent, former Federal Reserve chair Paul Volcker, center. Photo courtesy of Ralph Alswang for Flickr user Third Way. In… Continue reading
Dec 10 Ireland asks unemployed citizens to move away By News Desk Photo by Flickr user Julie Danielle Ireland is asking its own citizens to move away, the Financial Times reports. In a controversial effort to reduce its unemployment and welfare costs, the Irish government is sending letters to about… Continue reading