Word: federales
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If there is one Olympic city for Chicago to emulate, it would be Atlanta. The city's $1.7 billion privately funded Summer Games in 1996 sparked a construction boom in the city's downtown core and, according to the Metro Atlanta Chamber of Commerce, generated $5 billion in economic activity...
The dollar didn't always enjoy the dubious honor of being the global currency a trader could most cheaply borrow. For much of the last decade Japan has been the world's largest moribund economy, with an economy so weak the Bank of Japan never dared to lift interest rates...
President Barack Obama warned in a speech on Wall Street Sept. 14 that "normalcy cannot lead to complacency." But normalcy is leading to complacency. Consider the financial reforms that Obama's Administration wants to push through Congress: the big ones are creating a Consumer Financial Protection Agency, giving the Federal...
In the months after Franklin D. Roosevelt took office in 1933, Congress legislated a transformation of the financial sector, establishing a new regime of securities regulation, creating the Federal Deposit Insurance Corporation and segregating commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul...
Hanging over the debate are the hard facts of the U.S. government's grim fiscal prognosis. According to the CBO, federal spending on Medicare and Medicaid is projected to quintuple, from 4% of the economy in 2007 to 19% in 2082, if nothing changes. At the same time, the government...