Articles About Government

Todd Henderson is a University of Chicago law professor; his wife is a physician at the prestigious university’s hospital.  Although the family earns more than $250,000 a year, lives in a pricey house in the upscale Kenwood neighborhood, employs a nanny and sends their children to private schools, Henderson is upset with President Barack Obama’s […]

Finally, there’s encouraging news on the economic front.  The economy declined just one percent during the second quarter of 2009, a rosier report than was expected.  It is the strongest signal so far that the longest recession since the end of World War II is easing its grip. In a report issued by the Department […]

One European nation has escaped the worldwide financial meltdown and recession.  It’s Norway, which saved its money – rather than spent – through the boom years. As a result of frugal financial management, Norwegian housing prices and consumption are on the upswing and interest rates are affordable.  Norway’s fiscal responsibility of its income from enormous […]

America’s financial capital is now Washington, D.C. With Congress and the White House acting forcefully to stop the bleeding resulting from the worldwide financial crisis, numerous investors and brokers are relocating from New York to Washington because that’s where the action is these days. One of the nation’s healthiest metropolitan areas, Washington is benefiting from […]

Investment banks are hunkering down to preserve capital, primarily because there are grave concerns about current property valuations, says Charles Krawitz, Senior Loan Sales Asset Manager, Fifth Third Bank, in an interview for The Alter Group podcasts on real estate.  Banks are reluctant to lend $10 million to a property that might be worth only […]

Warren Buffett’s loyal followers are wondering what got into the Oracle of Omaha when he told CNBC  that this is “a great time to be in banking”, praised Wells Fargo’s massive earning power, and said that the government doesn’t need to provide capital to or nationalize banks. Although some critics dismissed Buffett’s statements as biased because […]

It’s been a long, strange ride, but the nation’s financial system is finally starting what is certain to be an extended healing process. Treasury Secretary Timothy Geithner believes that “the financial system is starting to heal” as he promised to move returned bail-out funds to community banks that need help. Improved lending circumstances are tempering […]