Originally appeared in The New York Times. TOO often the debate over how to restart Europe’s economy veers into the conveniently crisp alternatives of stimulus versus austerity. Should the pressure to reduce government deficits be relaxed? Should central bank actions … Continue reading →
Originally appeared in the Daily Beast. The Democratic attacks on Obama’s Treasury undersecretary nominee are ill-informed and can only lead to pointless fratricide. My friend and former partner Antonio Weiss has poked his head above the parapet and volunteered for … Continue reading →
Originally appeared in The New York Times. Although developments on the political front were certainly dispiriting, for the first time in years, the economic news was not all gloomy. But with the economy improving, there was less focus on the … Continue reading →
THE Democrats’ drubbing in the midterm elections was unfortunate on many levels, but particularly because the prospect of addressing income inequality grows dimmer, even as the problem worsens. To only modest notice, during the campaign the Federal Reserve put forth … Continue reading →
Originally publishes in The New York Times. SO this is the thanks that Uncle Sam gets. Six years after a forceful rescue of the financial system (and, derivatively, the economy) by two presidents and the Federal Reserve, a megarich individual … Continue reading →
Originally appeared in The Detroit News. At its recent “analyst day,” General Motors laid out an encouraging vision for the future, a presentation that was warmly received by Wall Street. That such a session would be occurring at all was … Continue reading →
America Should Rescind the Ban on Crude-Oil Exports AS a young reporter covering energy for The New York Times, I saw firsthand the distortions and inefficiencies caused by the web of regulations that followed the Arab oil embargo of 1973-74, … Continue reading →
JUST over 50 years ago, the cover of Life magazine breathlessly declared the “point of no return for everybody.” Above that stark warning, a smaller headline proclaimed, “Automation’s really here; jobs go scarce.” As events unfolded, it was Life that … Continue reading →
Originally appeared in The New York Times. For me, portions of the report of the investigation into General Motors’ safety problems with certain cars were a journey down memory lane: The empty gestures known as the “G.M. nod” and the … Continue reading →
Originally published in the New York Times. AFTER years of post-recession somnolence, corporate takeovers and mergers have ballooned to their highest level since 2007, fueled in part by American companies’ fleeing the United States to save tax dollars. Gaming the … Continue reading →
