Word: inflationitis
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It's actually a reasonable question. Bernanke was TIME's Person of the Year 2009, and at the time we urged Congress to put politics aside and confirm him to a second term as Federal Reserve chairman. Much of the opposition that's been building lately to Bernanke's confirmation...
I spent nearly six hours with Bernanke for TIME's Person of the Year story, and I asked versions of the "Now what?" question a dozen times. Bernanke always left wiggle room, but he made it clear that he basically intends to stay the course. After pouring unprecedented money into...
While the news media disseminates a ton of financial information with the intention of informing the public, the barrage of numbers, pompous words, and economic jargon (no-load index funds, moderate growth fund, treasury-inflation protected securities) often tunes the average American out. While many Harvard students read the Wall...
Winning the weekend was the least of Avatar's triumphs. Nearly completing its march into Guinness World Records, the green movie with the blue people has earned $552.8 million in North America, and later this week should pass Cameron's own 1997 Titanic ($600.8 million) as the all-time domestic...
Many Argentine economists believe the central bank reserves are the only safe bulwark against a spike in inflation and potential economic collapse. Cobos, who says the assets cannot be transferred without consulting Congress first, has repeatedly denied the charge of conspiracy. "If there's any conspiracy it's against the...