independent economics journalist
Independent economics journalist and contributor to Economics21 at the Manhattan Institute for Policy Research; author of of Just What I Said: Bloomberg Economics Columnist Takes on Bonds, Banks, Budgets, and Bubbles; former columnist for Bloomberg News
Is America Losing Its Middle Class? There's good news today: the US economy grew 5% in the summer quarter. But bad news continues: that growth is not trickling down to everyone. The gap between the "haves" and the "have-nots" is now the biggest on record, and it's not likely to get much smaller any time soon.
Federal Take-Over of Fannie Mae and Freddie Ma Led by Treasury Secretary Henry Paulson, the Bush Administration seized control of the country's two largest mortgage finance companies yesterday.
Federal Take-Over of Fannie Mae and Freddie Mac Led by Treasury Secretary Henry Paulson, the Bush Administration seized control of the country's two largest mortgage finance companies yesterday.
Stock Market Sell-Off, Easing Up or Just Beginning? After yesterday's partial recovery, international financial markets dropped again today, but not as drastically as they did on Tuesday. Today, the Down Jones Industrial Average dropped 200 points in the first minutes of trading. Since then, it and other indexes have been creeping back up.
Free food for federal workers during shutdown Local federal workers are picking up free food as the government shutdown continues. More than 1000 PG&E workers in San Luis Obispo fear for their jobs as the utility declares bankruptcy.
No end in sight More than 800,000 federal employees continue to go without pay in what could soon be the longest government shutdown yet.