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Commentary & Opinion
May 20, 2013 J.P. Morgan's doubtful Dimon defenseSource: Eleanor Bloxham, CEO of The Value Alliance, CNN Money
J.P. Morgan's letter to shareholders defending its actions and Jamie Dimon's hold on the CEO-chair position not only missed its mark, it also unwittingly advanced their opponents' cause.
May 20, 2013 A Troubling Survey on Global CorruptionSource: Floyd Norris, NY Times
A new survey of corporate officials and employees in 36 countries — in Europe, Africa and the Middle East, as well as India — indicates that there is plenty of corruption that needs investigating. Over all, 20 percent of the...
May 20, 2013 Dueling Jobs (and Big Paydays)Source: Gretchen Morgenson, NY Times
ALTHOUGH it carries something of a dubious pedigree, the PennyMac Mortgage Investment Trust has generated pretty good profits for investors since it went public in 2009. Overseen by former executives at Countrywide Financial,...
True, the agency bungled its scrutiny of conservative political groups seeking tax-exemptions. But should it even be deciding which political organizations should get favored tax treatment and which should not? Why is a tax...
May 14, 2013 Sales Tax Talk and RealitySource: Floyd Norris, NY Times
The nation’s brick-and-mortar retailers are promoting the Marketplace Fairness Act, which would force Internet retailers to collect sales taxes based on where the product was being shipped. It passed the Senate last week, but may...
May 13, 2013 Recovery in Germany Is Faster Than ElsewhereSource: Floyd Norris, NY Times
THE recovery from the Great Recession has been slow, or even nonexistent, in most of the developed world. But not in Germany. In Germany, alone among the 27 members of the European Union, unemployment rates for both older and...
May 10, 2013 A National Economic Dogma May Have TermitesSource: Floyd Norris, NY Times
Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion...
May 6, 2013 Management, to the Barricades!Source: Gretchen Morgenson, NY Times
THE annals of business history abound with stories of entrenched corporate executives building fortifications to maintain their plush status quo. But recent maneuvers by the board of the CommonWealth real estate investment trust...
May 6, 2013 The Big Problem Is Long-Term UnemploymentSource: Floyd Norris, NY Times
There are still 4.4 million workers who have been unemployed for at least six months. That is down from the peak of 6.7 million, but it is still very high. And that number does not include people who have given up looking for...
April 28, 2013 Starving the BeastSource: Floyd Norris, NY Times
In the 1950s, government spending fell quickly after the Korean War ended. In the second quarter of 1956, the total government gross domestic product was $91.4 billion, at an annual rate. That was 0.4 percent lower than the $91.8...
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