The concept here is very similar to both the LIBOR scandal, which involved banks manipulating the benchmark rates for interest rates, and to the ... More »

If guns and private militias didn’t make sense to the Founders, those elitist voices for the common welfare, why did they approve the Second Amendment? No doubt the ... More »

If you look to India and China, the developing world, they’re investing far more in renewable energy than we are here in the U.S. And this is in fact a matter of global ... More »

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And one should never forget the example of Japan, where bets against government bonds — justified by more or less the same arguments currently made to justify claims of a ... More »

It was hard for the Japanese journalist to believe me when I explained that there is little awareness of the TPP here in the United States, ... More »

This is a strange and recent phenomenon. We actually have U.S. federal agents who are firing their weapons into a sovereign country. And in the past couple of years, ... More »

Krugman notes that these are the same hard-liners who complain that we can’t run deficits in times of economic hardship because politicians won’t pay down the debt when ... More »

Yet calls for a reversal of the destructive turn toward austerity are still having a hard time getting through. Partly that reflects vested interests, for austerity ... More »

That’s been the Republican strategy in general: When they can’t directly repeal laws they don’t like, they repeal them indirectly by hollowing them out — denying ... More »

The great majority of pre-recession jobs have been replaced, if they’ve come back at all, aslow-wage jobs in food service and retail. —- Jobless ... More »

In other words, the government not only ordered the banks to hire consultants who may have gamed the foreclosure settlement in favor of the banks, but the regulators ... More »

Here comes hyperinflation! Or, actually, not. From the beginning, it was or at least should have been obvious that the financial crisis had plunged us into a ... More »

Yet the ex-prez insists that it’s a place for public contemplation of his legacy, “a place to lay out facts,” he says. How ironic is that? After ... More »

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Even if the data passing over the Apstar-7 is encrypted, the coded traffic could be used to give Chinese cryptanalysts valuable clues about how the American military ... More »

Philip Marcovici, an independent Hong Kong-based tax lawyer and board member of Vaduz, Liechtenstein-based wealth adviser Kaiser Partner Group, said in a telephone ... More »

The ruling effectively expanded the definition of nat-sec workers to include potentially thousands of additional federal employees—even those whose jobs have nothing to ... More »

In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, ... More »

We lived beyond our means, the story goes, and now we’re paying the inevitable price. Economists can explain ad nauseam that this is wrong, that the reason we have mass ... More »

The friendships and values I experienced and described to the villagers helped them understand the America that I know and that I love. Now, however, when they think of ... More »

The key question is whether workers who have been unemployed for a long time eventually come to be seen as unemployable, tainted goods that nobody will buy. This could ... More »

The Obama administration in 2011 also said that they intend to seek legislation to give them the power to delay that significantly in terrorism cases. They never got the ... More »

Cross-country comparisons show that advanced economies with higher growth rates, like Germany, typically tax their wealthy more, showing that high taxes on the rich are not ... More »

The military’s message is clear: Admit to illegally communicating national defense information for profit, and you’ll get a plea deal and 16 years in jail. Admit to ... More »

Obama’s era has been defined by an expansion of that secrecy, if not the same policies themselves. —— When asked about Obama’s approach ... More »

U.S. demand for oil has declined since 2005 by 2.25 million barrels per day—or the equivalent of almost three Keystone XL pipelines. More »

When they included all the data from all the years and all the countries, the Amherst professors showed that the average growth rate of nations with a 90 per cent debt load ... More »

. We know what we’re going to hear: vague platitudes like “tough vote” and “complicated issue.” I was elected six times to represent southern Arizona, in the ... More »

In other words, Loeb has been soliciting the retirement money of public workers, then turning right around and lobbying for those same workers to lose their benefits. ... More »