Celebratory caps were the rage on the Street.
As an economic indicator, the Dow Jones industrial average always is problematic, but never more so than last Wednesday, when it closed above what analysts call the “psychologically important” 10,000-point mark for the first…
As he often does, the satirist Andy Borowitz came painfully close to the truth in Thursday’s edition of his online “The Borowitz Report.” In a story headlined “Goldman Sachs in Talks to Acquire Treasury Department,” Mr. Borowitz writes:
In what some on…
One way to report earnings.
This is earnings-report season for America’s banks, and lo, what signs and wonders it has wrought.
Goldman Sachs reported $1.66 billion in profits in the first quarter. JPMorgan Chase posted $2.1 billion in earnings. Bank of America,…
President Obama at Georgetown: How's that for visuals? (AP Photo/Gerald Herbert)
In a major economic speech Tuesday at Georgetown University’s Gaston Hall, President Barack Obama turned to the Sermon on the Mount to urge that America, in rebuilding its economy, “build our…
Let’s grant that the precarious condition of the country’s financial system requires government intervention on a massive scale. The hands-off-business Bush administration has confessed as much, and no responsible observer claims otherwise - although there is considerable disagreement about the right…
The Ides of September 2008 someday may be recalled as the time when the American economy faced its greatest challenge since the stock market crash of 1929 ushered in the Great Depression.
The nation’s response will test us in ways that 9/11…
