Midterms Show Voters Still Worried About Economy, Obama Says
Midterms Show Voters Still Worried About Economy, Obama Says
Reacting to the 2010 midterm elections November 2 that resulted in the Democratic Party losing control of the House of Representatives, slimming its majority in the Senate and losing some gubernatorial contests, President Obama said American voters had sent a message that they are frustrated with the [...]
Economists: U.S.-EU Economic Cooperation Must Continue
Less than one month before the summit of the Group of 20 (G20) major economies in Seoul, South Korea, the United States and European Union are facing a critical test of their will to agree on financial issues critical not only to their own economies, but to the rest of the world too.
In October [...]
Economic Growth, Financial Reform Are Focus of G20 Talks
The Group of 20 leading economies (G20) is trying to make sure it has a strong, common strategy for economic growth and for financial reforms, U.S. Treasury Secretary Timothy Geithner says.
“Last year, the G20 acted to restore growth to a world in crisis. Because we acted together, the global economy is expanding again,” Geithner said [...]
Ash Cloud from Iceland Volcano Has Global Economic Impact
The economic devastation caused by the activity of Iceland’s Eyjafjallajökull volcano is mounting, with airlines reporting losses on the scale of $200 million per day following the shutdown of many European airports, and a wider impact moving across the globe as trade goods transported by air have been unable to reach their markets.
Airliners have [...]
Interview with Alan Williams
Assistant Attorney General of Minnesota
Mosaiko.gr had the opportunity to meet with Alan Williams, Assistant Attorney General of Minnesota during his visit to Greece and discuss environmental issues, laws and challenges for the future.
What are some of the hot environmental topics you are working on right now as Assistant Attorney General of Minnesota?
Well I work on [...]
The Evolving Global Financial System
During the Late 19th and Early 20th Centuries, There was Little Coordination of International Finances. That Changed Substantially After World War II, and the Change is Continuing Today.
The prosperity of the world has been immeasurably enhanced by the growth in international economic relations — trading in goods and services, and the migration of labor, capital, [...]
The End of Capitalism? Mark Twain, Lake Wobegon, Current Crisis
While the Type of Financial Crisis we Face Today is Unprecedented, Crises of Capitalism are not. They are Commonplace.
If you draw what statisticians call a time series of the returns to the U.S. banking sector from 1947 to 2008, it is possible to talk with some confidence about the average rate of profitability of [...]
Revise Regulation: Theory of Market Equilibrium Is Wrong
Markets are Imperfect, but Regulations are Even More so.
We are in the midst of the worst financial crisis since the 1930s. The salient feature of the crisis is that it was not caused by some external shock such as the Organization of Petroleum Exporting Countries raising the price of oil. It was generated by [...]
Globalization and the U.S. Financial System
Globalization Helped Fuel the Current Financial Crisis, and it Will Undoubtedly be Employed to Help Resolve it.
In the decades following World War II, the idea of globalization became more and more popular when describing the future of the world economy. Someday, markets for all sorts of goods and services would become integrated and the [...]
Global Financial Trouble: Causes, Cures, Responses
No doubt, Economic Historians Will Argue for Years to Come About the Causes of the Global Financial Crisis..
The global financial crisis has eclipsed Iraq, Afghanistan, North Korea, and other crises as a topic of concern — making these critical threats to global stability seem modest by comparison. Even if our perception is myopic and [...]
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