Word: consumerism
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It is conceivable that a new wave of bipartisan cooperation will sweep financial reform into law - even though the House version passed last year with zero Republican votes; even though Dodd's version passed through committee last month with, yes, zero Republican votes; even though Big Finance is blasting boatloads...
Obama clearly wants reform; he's been outspoken about the need for a dramatic regulatory overhaul to prevent another financial meltdown. But he's been so outspoken - especially about the consumer agency - that it would be tough for him to accept anything less dramatic than his tough proposals. And many...
Most of the spotlight on reform has focused on the up-or-down question of an independent consumer agency, a fairly simple issue even for nonexperts. But reasonable reformers can and do disagree about how much power to give the Federal Reserve, how to wind down failing banks without bailouts...
The typical U.S. food consumer? Dead.
While they wait for the U.S. electric-auto market to develop, some new suppliers are looking toward consumer electronic goods and markets outside the U.S. to keep their plants busy and improve quality until the big orders come in. "We're in the early stages of what will be a...