There has been a lot of debate lately as to whether proposals such as health-care reform will turn America into a socialist state.Considering what I’ve learned in 35 years working for nonprofit

Investor spirits for Financials may have been buoyed by the recent earnings results of the major banks, however, there are at least 3 reasons why such enthusiasm should be tempered. Let’s start

On a recent Saturday afternoon, I went to a clothing swap hosted by a group known as the Brooklyn Clothing Exchange. For an exchange of second-hand clothing, the setting was sublime: The Ma

#wrap { width: 650px; margin: 0px auto;} a .text { display: block; position: absolute; width: 125px; height: 125px; } In case you were left wonderi

Editor's Note: As an emerging-markets banking analyst, James Kostohryz has firsthand experience of banking collapses and their subsequent resolutions in Mexico, Argentina and Southeast Asia. Since le

There’s been a lot of talk about AIG's (AIG) bonuses. I get it. But what I want to know is why people aren’t frothing at the mouth about what our elected officials get paid. I mean, these

Equity markets had their biggest rally this year after Federal Reserve Chairman Ben Bernanke outlined steps to fix the banking industry in a morning address. His remarks, delivered to the Counci

What a day it was for the market. Turnaround Tuesday definitely lived up to the hype.Citigroup (C) came out and said they had 2 profitable quarters through the first 3 months of this year; all the ba

The stock market is on a tear this morning on the heels of a statement by CEO Vikram Pandit that Citigroup (C) has a profit for the first 2 months of 2009. In a letter sent to employees Monday,

1) Now It's the Economists' TurnWe knew this was only a matter of time."The downturn exposes the decline of economic expertise," Newsweek observes in the March 16 issue. "Think of all