Turning to Sarah Palin to explain the international economy and the role of government is like asking a dog why it likes to lick its ass. But as an audience of investors and fund managers learned today in Hong Kong, Palin's cartoon-quality conservative platitudes don't merely fly in the face of the consensus of economic […]

Even as the watered down health care reform legislation from the Senate Finance Committee is finally being delivered to growing concerns, a new study is shining a spotlight on questions the Baucus bill fails to address. Following an analysis from PriceWaterhouseCoopers earlier this year, the survey from the Kaiser Family Foundation confirms American employers are […]

On Friday, the New York Times profiled a group of Harvard Business School students who have taken an "MBA oath" to act responsibly and "serve the greater good." The ethical pledge of "responsible value creation" can't come too soon for America's future business leaders. After all, a February 2009 Marist poll found that in the […]

News that the Justice Department has filed a lawsuit against Swiss banking giant UBS is just the latest chapter in the curious case of Phil Gramm. Just one day after UBS agreed to pay a $780 million criminal fine and admitted to conspiring to defraud the IRS, the DOJ demanded access to 52,000 accounts as […]

On Wednesday, federal authorities reported they did not know the whereabouts of Texas banker and scammer Allen Stanford. But what we do know for certain about the financier whose frauds may yet rival the $50 billion Madoff Ponzi scheme is that he donated generously to both political parties in Washington. Of course, that would be […]

As the fallout from the meltdown of the American financial system continues to poison the U.S. economy, the laissez-faire dogma and deregulatory zeal of the Bush administration rank high among the usual suspects responsible for it. Just days after the New York Times and the White House exchanged shots over the President's key role in […]

During the Michigan primary in January, former Massachusetts Governor and son of auto magnate Mitt Romney blasted John McCain for saying he didn't want to raise "false hopes that somehow we can bring back lost jobs." Now as the American auto industry teeters on the brink of collapse, Romney in a New York Times op-ed […]

While John McCain's awkward appearance Monday with President-elect Barack Obama was a reminder of what he had lost, he and wife Cindy nonetheless received a consolation prize. Belgian beverage giant In Bev completed its acquisition of Anheuser-Busch, the beer company in which Mrs. McCain holds millions of dollars of stock. As it turns out, John […]

The implosion of Wall Street last week resulted in a near-death crisis for John McCain's presidential campaign. His post-Palin bump eviscerated, McCain was staggered by the reemergence of the economy as the dominant issue in the 2008 election. His daily-changing positions revealed that McCain, a man who has repeatedly admitted his ignorance of economics, is […]

The implosion of Wall Street this week comes as a triple-dose of bad news for John McCain. No doubt, his daily-changing response to the crisis confirmed McCain's self-proclaimed ignorance of economics. Perhaps even more damaging, America's financial nightmare conjured images of the savings and loan scandal 20 years ago, one in which McCain's close ties […]