" let me assert my firm belief that the only thing we have to fear is fear itself nameless unreasoning unjustified terror which paralyzes needed efforts to convert retreat into advance " President Franklin D Roosevelt in his first inaugural address 1933 If LTCM Enron and now the…
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The foundation for our next financial crisis is being laid right now. The question isn’t whether we will have another, but when. The biggest clue can be found on websites where you can search for mortgages to purchase or refinance a house. On my last visit to bankrate.com, for instance, a person…
ReadWhen I was a kid Tom Fitzgerald’s The Great Brain was one of my favourite book series The main character was a boy genius growing up in Utah during the late 1800s He could solve nearly any problem He once strategized how to find two boys lost in a cave network another time he taught a…
ReadPresidential candidate Barack Obama speaks with a broad brush He explains the current crisis with typical overgeneralization It is he says the result of “eight years of failed Republican policies ” Republicans take the opposite tack They follow a narrow trail from the Community Reinvestment…
ReadSunday, February 14, 1999 Sitting in his room at the Adolphus Hotel, David Reynolds doesn't look like a man who once sold two pizzas for $8,000. Then again, I'm not sure what such a person would look like. "It was the right price at that moment," he explained. "It was a good cause and neither…
ReadNEW YORK Trundling a suitcase and a computer bag in piercing cold I head into an office building on 55th Street I am immediately stopped by an array of security turnstiles and watchful guards One calls to confirm that I am actually scheduled to visit a particular person in a particular office…
Read"What really startles me is that so few people realize how close we are to being out of energy capacity We seem to have two camps those who think we can never run out because there will always be more and those who think it doesn't really matter because energy is old economy In fact we may…
ReadAt last Democrats and Republicans have something in common! Whether it is President Obama’s budget plan or the alternatives being offered by republicans both purport to reduce federal spending As you might expect the President’s budget cuts less than Republican alternatives but both are…
ReadI’ve been writing a newspaper column since January 1977 That’s 33 years 29 of them for syndication It has definitely not been the same year repeated 33 times But there are patterns And there are rules There are things that you need to do if you want to get by let alone do well So…
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Americans will head to the polls in just a few weeks to elect the next President of the United States. The outcome is unknown, but one thing is certain: When news breaks and markets move, content-starved media is flush with talking heads musing on repercussions. A steady stream of opinions will…
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