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The Obama administration is wading into another eurozone standoff, urging major European nations and Greece's new government to end their impasse. 
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World's largest economy sees prices fall by 0.4pc in December, with yearly inflation crawling up after oil collapse
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The world's economic locomotive, the US economy, is approaching top speed and is now growing at its fastest rate since 2003.
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The net worth of American families has plunged 40 percent since 2007, right before the financial crisis struck, according to the Pew Research Center.
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A Georgetown University professor thinks that the US Government should issue its own crypto currency.
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It is sometimes said that nobody saw the global financial crisis of 2008 coming. But that is not entirely accurate. There were analysts who predicted trouble ahead, and few did so with the uncanny clarity of Jonathan Kirshner.
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Uncle Sam, or to be more precise, the US Federal Government, has been busy.
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Once thought to be the front runner in setting bitcoin regulation precedent, the United States is falling behind two other countries who are currently developing their own national policies. While one prominent investor sees one country as worth emulating, the other could be heading down a path of lost opportunity.
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There’s no doubt that U.S. citizens who use offshore accounts to hide untaxed income in Swiss, Caribbean or Israeli banks should face steep penalties, and yes, even jail time. (That’s why it’s disturbing that billionaire Beanie Babies creator H. Ty Warner got no jail time after he pleaded guilty to hiding as much as $106 million at UBS AG and Zuercher Kantonalbank over a 12 year period.) But the U.S. crackdown aimed at catching offshore tax cheats has also imposed harsh monetary penalties on some honest folks–for example, U.S. expatriates who didn’t know that they were supposed to file reports with the U.S. Treasury disclosing the Canadian, or French, or German bank accounts that they use to manage their money while living abroad. In this guest post, tax attorney Philip Panitz argues that another group —immigrants to the U.S., including those whose skills have helped build the U.S. tech industry— has been unfairly hit with onerous penalties for failing to comply with requirements many didn’t realize existed.
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ARE corporate profits at last running out of steam? The lead-up to the first-quarter results season on Wall Street was marked by an unusually large number of profit warnings, such as that from Chevron, an oil group. According to Morgan Stanley, an investment bank, earnings estimates for S&P 500 companies were revised down by 4.4 percentage points in the first quarter.
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“ A growing number of communities are using alternative currencies to stimulate their local economies and protect themselves from the nation’s broader economic woes. Via CNNMoney ” (Local currencies: 'In the U.S.
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Despite widespread awareness about Bitcoin, a peer-to-peer payment system and digital currency, most Americans do not trust it, according to a new survey conducted online by Harris Interactive on behalf of Yodlee, a Redwood City, Calif.-based software company.
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The United States is at a critical junction in determining it’s future trajectory. As it stands, we are deeply in debt and in addition to our credit rating taking a hit, the tough questions are starting to be asked that we so far lack answers for. Now, we need to really focus in and make a fateful decision on this new digital currency called Bitcoins. The Senate is holding a hearing on Bitcoin in the next week which should yield some light on their take to this point.
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The paper offers a depressing portrait of where the economy stands nearly six years after the onset of recession, and amounts to a damning indictment of U.S. policymakers. Their upshot: The United States's long-term economic potential has been diminished by the fact that policymakers have not done more to put people back to work quickly. Our national economic potential is now a whopping 7 percent below where it was heading at the pre-2007 trajectory, the authors find.
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On Wednesday, the senator sent a letter to Wall Street regulators asking them to crack down on the people she says caused the financial crisis.
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Markets continues to treat America as if its political system will always get it right. What happens when they're proven wrong?
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So here is our golden escape clause for today’s U.S. Congress: Instead of the two major parties doing the usual thing, i.e. blaming each other, why not approve a joint resolution of both Houses – condemning Germany for its responsibility, nearly a century ago, in triggering the existence of the debt ceiling in the first place? That way, the Congress, in solemn bipartisan fashion, could wipe its hands of any responsibility for today’s conundrum and place the blame with the Germans. Case closed.
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OK, a temporary government shutdown - which became almost inevitable after Sunday's House vote to provide government funding only on unacceptable conditions - wouldn't be the end of the world. But a US government default, which will happen unless Congress raises the debt ceiling soon, might cause financial catastrophe. Unfortunately, many Republicans either don't understand this or don't care.
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It’s up to the government to put in place brakes to change the way mega-banks operate. Regulators haven’t proven they are up to the task.
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Only 42 percent of Americans trust Ben Bernanke to do the right thing for the U.S. economy.
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CNNMoney's Annalyn Kurtz asks the Fed chairman what he regrets from the financial crisis five years ago, and how things have changed since.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
Other Topics
Anders en beter
Met P2P voorbij markt en staat: voor een progressieve coalitie rond de commons. Met nieuws over op p2p gebaseerde praktijken en hoe de overheid, de politiek en de zakenwereld ermee (kunnen) omgaan...
money money money
on money and what it is
music-all
From the Great White Way to the West-End and beyond
Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
real utopias
Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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