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John Carney is economics and finance editor at Breitbart News. He's a former writer for the Wall Street Journal and former editor of CNBC's NetNet, a blog about the future of finance.
PROFILE
John Carney
Guest
FROM John Carney
Press Play with Madeleine Brand
GOP Debate Roundup Last night's GOP debate was a more raucous affair than the first two. Sometimes the moderators seemed barely in control of the proceedings. And as early voting gets closer, there were a few more testy exchanges among candidates trying to raise their profile and damage their opponents.
Left, Right & Center
Presidential Candidates on the Economy, Race and Immigration Hillary talks "shortermism," Democratic infighting and Trump makes waves again.
To the Point
High Finance and White-Collar Crime Raj Rajaratnam's Galleon Group hedge fund was once worth $7 billion, and he paid ten high-powered lawyers to defend him on charges of insider trading. But a working-class jury found him guilty on all 14 counts , based in large part on telephone conversations with tipsters recorded by federal investigators. After his conviction, the billionaire rolled away from New York's federal courthouse in a silver Mercedes. He's facing prison and fines, but it's not clear what the broader consequences might be. Prosecutors promise an ongoing crackdown on insider trading. Skeptics see Rajaratnam's trial as a road map for how to get away with it. Others ask, what about the bankers accused of causing the Great Recession? Polls show that most Americans think Wall Street is rigged. Will taking down a major player restore the confidence of ordinary investors?
To the Point
The American Dream and Extended Credit Despite the recession and unemployment near 10 percent, Americans are still accumulating more debt. Solicitations for credit cards doubled last year. Lenders and retailers say the American Dream -- a big home, a big car and college — makes consumers willing to go into hock. They also see signs of "frugality fatigue." Others contend the law itself is rigged to favor indebtedness, with incentives that reward debt and discourage saving. Why are people spending money they don't have? Is it good for the economy? Is the government setting the right example?
Recommended
To the Point
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
To the Point
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
To the Point
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?