How can we reduce risk for individuals? That's a natural question when a financial crisis has vaporized trillions of dollars of personal wealth in residential real estate and financial instruments.
New economic stats on consumer spending and business durable-goods investment show an economy that’s sinking fast across-the-board. Wall Street economist John Ryding expects a 4 percent drop in fourth-quarter real GDP.
This would seem a heckuva time to unfurl a national health plan. Washington has big fires to put out in the financial markets.
While Barack Obama introduced the first members of his economic team, a wailing noise could be heard somewhere in the background.
As President-elect Obama's apparent choice for health and human services secretary and as White House health care czar, it is a fair guess that Tom Daschle's view on health care legislation may be decisive.
The woman going up in the medical building elevator with me was so young and beautiful and carefree that it took my breath away. Young and beautiful is not so unusual in Beverly Hills. But carefree?
When President-elect Obama had a chance to squash the tax-hike threat once and for all at his news conference Monday, he took a pass and let the question linger for another day. But his new economic cabinet appointments strongly suggest there will be no tax hikes next year.
Thanksgiving is upon us. This is the time for expressing gratitude. But what does one do on Thanksgiving this year, smack in the middle of perhaps the worst economic downturn since the Great Depression? You give thanks, dummy.
We Americans are blessed with a history that teaches that things work out right. Our first president set the precedent of relinquishing power he could have had for life and returning to his farm. Two of our greatest presidents were struck down, Abraham Lincoln by an assassin and Franklin Roosevelt by grave illness, at a moment of transcendent victory.
As Barack Obama makes his way through the transition to power, he is learning the steps of an old dance. Having promised change, he now surrounds himself with experience. Having poured scorn not only on the Bush administration but at times on the Clinton administration as well, he now welcomes those who served his Democratic predecessor, including the former first lady who ran against him.
Treasury Secretary Henry Paulson has called for a pause in the financing request for the Troubled Assets Relief Program (TARP), halting it at $350 billion.
Here's the worst kept secret in politics: Presidential campaigning never ends. For periods of time it becomes quieter--a little subtler--but it never stops.
As routine as elections may seem, they are the seminal events in the life of a democracy. Campaigns and elections not only set the direction of the Republic, they also shed light on America's political health. Every November we have the opportunity to take stock of what we did at the polls, and what that says about the status of the 232-year-old American experiment.
I was thinking about what we traditionally call the postelection "honeymoon," of which President-elect Barack Obama is now in the second week. But what exactly is meant by the metaphor?
You don't have to venture too far left in the Democratic Party to find people who dislike Joe Lieberman. But wander yonder into the liberal blogosphere, and the feeling more approximates detestation.
As the fires burned across Southern California this weekend, the all-news radio station I listen to kept running tape of a guy advising people about what to put in their "grab-and-go" boxes. He was from some insurance association, so -- big surprise -- his focus was on insurance documents.
Sarah Palin should have run up the white flag of surrender and kept the clothes. They were gorgeous, and there really was no reason to give up the $150,000 wardrobe unless she planned to run again under the Wal-Mart Mom persona. Surely she knows that's over.
Barack Obama has noted, carefully and correctly, that we have only one president at a time. Yet on at least one issue he has taken the lead and nudged the man who will soon be his predecessor in a direction that he might not have taken without prompting.
I saw it on election night, as I scrolled through the exit poll that somehow made its way online (at least at cbsnews.com) even before the polls closed in Ohio.
President George W. Bush came out fighting for free markets with a strong and stirring defense of American capitalism on the eve of the G-20 World Economic Conference. Stocks soared 550 points Thursday as Bush’s luncheon speech was played live on all the major cable networks. It was as though Mr. Bush was trying to leave an economic-primer to his successor-elect Barack Obama. Markets cheered because it’s the best thing they’ve heard in many weeks.
