Word: bankses
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Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The...
One big worry of central bankers is how a softening dollar could impact a global recovery. Countries that have currencies strengthening against the dollar face the prospect that their exports would become pricier in world markets, a situation policymakers wish to avoid as their economies are just now crawling out...
These sources of support may not last forever. Warren Buffett warned in a New York Times editorial in August that the unrestrained buildup of U.S. government debt - and the likely need to print money as a result - would inevitably undermine the dollar's value. "Unchecked greenback emissions will certainly cause...
Cockburn—a longtime investigative journalist and former Princeton professor—is no stranger to the compact and powerful exposé. While the subject matter of “American Casino” seems far removed from her many films about global atrocities in Asia, South America, and...
Beyond faulty economic theory and policy, the documentary also details how hundreds of billions of dollars clouded the judgments of banks, brokers, and insurance companies, encouraging the predatory processes that led to the economy’s ultimate collapse. While policy was made in Washington and the major financial players...