Detroit's Emergency Manager Kevyn Orr gave just two options to those creditors gathered in downtown Detroit on Friday: Go along with my proposal now, and you'll get the best deal you can. Don't, and you'll get less, it'll cost more, and it will take longer.
Central banking and Keynesian ideology make a toxic brew, the consequences of which are beginning to show up around the world.
The announcement by Standard & Poor's on Monday that it is revising its outlook upward is not only useless but counterproductive.
A number of states are exploring new fees for hybrid and electric car owners in order to compensate for the loss of revenue in gas taxes on fuel-efficient vehicles. The proposal is opposed by those who view the new fees as antithetical to one of the touted benefits of owning a hybrid: savings.
President Obama will announce the appointment of Dr. Jason Furman to chair the White House's Council of Economic Advisers (CEA) Monday afternoon, according to a White House statement. Furman has a Ph.D. in economics from Harvard University and received an MSc from the London School of Economics. He has advised Obama on economics matters since the president’s 2008 election campaign.