Financial Times
In April 1977, as a young energy correspondent for The New York Times, I watched Jimmy Carter label the energy problem the “moral equivalent of war” and propose an ambitious plan to curb the use of expensive ($15 per barrel!) oil. Today, five presidents later, oil sits firmly above $100 per barrel, and America still lacks anything resembling a comprehensive energy strategy.
NEW statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning.
Financial Times
Tuesday’s release by the Federal Reserve of the results of its annual round of “stress tests” of the 19 largest American banks was yet another confirmation of the deftness with which the US government has handled the financial crisis.
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
