Obama Care: Arrogance, Corruption and Abuse
Prof. Peter Morici - 11/26/2013
It took paramount arrogance for President Obama and congressional Democrats to believe they could write an Affordable Care Act that would replace free markets across a health care sector as large as the economy of France.
The Euro and The History of Previous Currency Unions
Sam Vaknin, Ph.D. - 11/23/2013
"Before long, all Europe, save England, will have one money". This was written by William Bagehot, the Editor of "The Economist", the renowned British magazine, 120 years ago when Britain, even then, was heatedly debating whether to adopt a single European Currency or not.
Economy Not Fixed, Another Crisis Brewing
Prof. Peter Morici - 11/23/2013
Even Wal-Mart is too expensive for recession battered America.
Slowing Growth Clouds Jobs Outlook
Prof. Peter Morici - 11/18/2013
The Labor Department reported the economy added 204,000 jobs in October. Unemployment climbed to 7.3 percent.
Seven Concepts in Derivatives
Sam Vaknin, Ph.D. - 11/2/2013
The implosion of the markets in some complex derivatives in 2007-9 drew attention to this obscure corner of the financial realm. Derivatives are nothing new. They consist of the transfer of risk to third parties and the creation of a strong correlation or linkage between the prices of one or more underlying assets and the derivative contract or instrument itself. Thus, whenever guarantors sign on a loan or credit agreement, they, in effect, are creating a derivative contract. Similarly, insurance policies can be construed as derivatives as well as options, futures, and forward contracts.
Eurosclerosis Comes to America
Prof. Peter Morici - 11/2/2013
Abroad and at home, President Obama with unprincipled pragmatism is undermining America’s most cherished values, economy and liberties.
US ECONOMIC SWEEP: Obamacare to Jobs
Prof. Peter Morici - 10/27/2013
I. ObamaCare and America's Journey into the Third World
The Merits of Inflation
Sam Vaknin, Ph.D. - 10/27/2013
In a series of speeches designed to defend his record, Alan Greenspan, until recently an icon of both the new economy and stock exchange effervescence whom economics geeks used to have on their now-vintage posters, reiterated the orthodoxy of central banking everywhere. His job, he repeated disingenuously, was confined to taming prices and ensuring monetary stability. He could not and, indeed, would not second guess the market. He consistently sidestepped the thorny issues of just how destabilizing to the economy the bursting of asset bubbles is and how his policies may have contributed to the froth.
US ECONOMIC SWEEP: From JP Morgan to Obamacare and the Budget
Prof. Peter Morici - 10/20/2013
I. J.P. Morgan's $13 Billion Settlement Casts Doubts of Viability for Customers, about Obama DOJ's Prosecutorial Discretion
Asia and Europe must talk more about shared economic challenges
Shada Islam - 10/13/2013
Times change. Five years ago, as the Eurozone economies felt the first tremors of what turned out to be a long and painful financial and economic crisis, European Commission President José Manuel Barroso appealed for Asian support.
Raising the Debt Ceiling, a Fool's Journey
Prof. Peter Morici - 10/8/2013
The federal government will default on its debt only if President Obama wills it. House Republicans, by refusing to raise the debt ceiling until they obtain budget reforms, may be the country's last hope to avoid a financial ruin.
Britannica Online, Britannica DVD 2014
Sam Vaknin, Ph.D. - 10/7/2013
The Britannica’s rich online content adds context and dollops of information to the already unsurpassed DVD (see below). It has been completely re-designed and is now Google-like in its simplicity, clutter-free and user-friendly as never before. Indeed, buyers of any of the Britannica’s physical products enjoy 30-180 days of free access to this cornucopian resource (they merely need to register their products online). Admittedly, at 30-50 USD annually the Britannica Online is not cheap and thus more suited to institutions, universities, schools, and libraries than to i...