A Gallup poll released this week shows that almost 60 percent of adults in America believe that wealth is distributed unfairly, with over 50 percent saying that "the rich" should be taxed heavily to accomplish a fair distribution of resources.
Despite the stock market's rapid ascent to record levels, economic analysts were warning that it doesn't reflect the economy's anemic fundamentals and that we may well be entering another bubble that's about to burst.
The Dow set a new high on Tuesday, but the larger economy is a different story. What if today's sluggish economic growth turns out to be the new normal? That's the unsettling question asked by some of our most creative economic thinkers.
The recent political entanglements over the budget have focused more on political maneuverings and who is right about what statement, rather than what the policies mean to average, everyday Americans.
The dizzying, budgetary roller coaster ride careened closer to the "fiscal cliff" this week when House Speaker John Boehner tossed a new Plan B into negotiations with the White House.
But it's not just Gingrich and Romney. Virtually every Republican and conservative across America recognizes what is by now well established in the literature -- the government caused the financial crisis.
Bad year, 2011, even though some bad guys and charlatans got a karma blast. Osama bin Laden got it up close and personal from a Navy SEAL, while his cohort al-Awlaki got drilled from the sky. Gadhafi went down, and al-Assad is tottering.
Red Elephants Cafe, Webside 3. Mike’s cousin Ned consoles him about his job loss and the barriers to starting a business. He's decided to run for office, out of concern for declining traditional values and the resulting depression. Mike offers his budding Internet campaign services, and Ned provides a unique business site in return.
Obama is a national embarrassment and each day proves himself even more incapable of honestly confronting the nation’s urgent issues. Just days ago, Americans were once again left gob-smacked as Obama beat the drums for the SAVE awards, his signature effort to cut the $1.4 trillion annual deficit. This Obama initiative hopes to demonstrate the president’s commitment to fiscal sanity by cutting wasteful spending.
America's mainstream media is hard at work on the Obama re-election effort. Nonstop reporting on the Herman Cain allegations, the break-up of the European Union and Occupy Everything is quietly building a playing field or political environment to empower Obama's excuses.
Joseph S. Tanious, CFA and market strategist for J.P. Morgan Funds, explores the economic conundrums of the European Debt Crisis.
Larry Glazer speaks of the European Debt Crisis and the dire spillover effects it could hold for the United States economy.
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed | Mike Shedlock