Economic Crisis in US

Roubini Sees Increased Risk of Double Dip for the U.S. Economy

editor — Wed, 10 Mar 2010 19:27:13 +0000

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world’s recent financial crisis, believes the chance of a double-dip recession in the U.S. economy is increasing because of risks related to poor economic data in the country coupled with Europe’s ongoing debt crisis. In a research paper, cited by CNBC, Roubini [...]

A Win for US Economy and Taxpayers

editor — Wed, 10 Mar 2010 19:10:07 +0000

With unemployment remaining high and concerns growing about a jobless recovery, Congress recently passed legislation that promises to jumpstart travel, a critical sector of our economy. Best of all, this “stimulus” plan won’t cost taxpayers a single dime – in fact it will actually increase federal revenues and lower the federal budget deficit. The bill is [...]

On Tim Geithner

editor — Wed, 10 Mar 2010 15:39:43 +0000

Apologies to regular readers for my recent absence: I’d been rushing to finish a piece on Treasury Secretary Geithner, which is in this week’s issue of the magazine. I knew the article would spur some controversy, and so it has proved. The Web is full of comments suggesting that I am part of an orchestrated [...]

IMF chief says world must prepare for next crisis

editor — Tue, 09 Mar 2010 19:17:58 +0000

The world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression, the head of the International Monetary Fund said Tuesday. IMF Managing Director Dominique Strauss-Kahn, speaking to business students at a Johannesburg university, expressed concern that recovery could mean leaders will feel less [...]