The Swiss investor expects expanding debt burdens and never-ending deficits in Western nations in the next 5 to 10 years. He also says the S&P 500 could see a 20% drop.
The path we take out of the recession will reveal much about who we are as a people and what we stand for.
After the Great Depression, the US made major policy changes to support average Americans. Is it time to launch such efforts again?
This from someone who became a symbol of outsized spending, debt and real estate in America?
The GOP presidential candidate suggests a possible $17,000 deduction ceiling.
Candidates Obama and Romney are expected to address jobs, energy, international finance and Wall Street reform.
We should brace for higher taxes, reduced unemployment benefits, less hiring and pronounced market volatility.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.