The G7 finance ministers and central bankers—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—held their annual meeting in Rome on February 14-15, 2009...
One effect of President Obama’s $500,000 salary cap on the executives of bailed out firms (if it has any effect at all; Gary Becker thinks it won’t) could be an exodus of human capital from the top echelons of the finance industry...
With four top Obama Pentagon nominees recently confirmed -- Deputy Defense Secretary William Lynn, under secretary of defense for policy Michèle Flournoy, Robert Hale as Pentagon comptroller, and Jeh Johnson as Pentagon general counsel -- there are still three more under secretaries (intelligence, acquisitions/technology/logistics, and personnel and readiness) and a host of assistant secretaries to be officially named...
The debate over the stimulus during the past few months focused on two big issues: (1) the composition of the stimulus, the shares for tax cuts and spending and (2) the size of the stimulus, $700 billion, $800 billion, $900 billion, or more...
It was a mystery that had remained unsolved throughout history, but diligent, masterful scientists have now finally figured out a likely way to cure the common cold, leaving another, difficult task for others...
From television specials to newspaper editorials, the media are pushing the idea that current economic problems were caused by the market and that only the government can rescue us...