In making my case for continued housing weakness, I’ve emphasized the negative effect of excess inventories on house sales, prices, new construction and just about every other aspect of residential real estate.
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President Barack Obama’s corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules.
Read MorePayroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.
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President Barack Obama and Republican presidential contender Rick Santorum have finally managed to find something they agree on. Despite their many differences, they see eye to eye on the notion that the tax system should favor manufacturing over other sectors of the economy.
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Anything as big and as promising as shale gas is bound to be complicated. This energy source has much to recommend it. To begin with, the U.S. has a lot of it, enough to meet current natural gas consumption for 35 years.
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We live in a golden age of financial journalism. Michael Lewis, Gretchen Morgenson, James Stewart, William Cohan, Jesse Eisinger, Jake Bernstein, those fellows at Bloomberg: They’ve turned the business page and business books into required reading, and sometimes thrilling entertainment.
Almost 120 years ago, on Sept. 11, 1893, a young Indian man, clad in saffron robes, stood up at a massive gathering in Chicago and delivered one of the most rousing and frequently quoted speeches of modern religious history. The speaker's name was Narendranath Datta, but in India he went by Swami Vivekananda, and this is how he is now remembered. The event was the first-ever World Parliament of Religions, a visionary attempt to start a global dialogue among people of all faiths.
Russia's ruling tandem has always been a bit of a good cop - bad cop act. President Dmitri Medvedev has been at pains to look humane, in contrast to the strong-arm approach preferred by his mentor, Prime Minister Vladimir Putin.
In the midst of the Great Depression, people who bet on stock-market declines were considered unpleasant, unwanted, un-American, un-something. Yet as a New York Times writer noted in February 1932, "The bearish speculator is not often reviled in healthy markets; it is when prices are declining that opprobrium is heaped upon him."
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