Sting meets Indiana Jones in NY.

Monetary policySeptaper surpriseSep 19th 2013, 8:59 by R.A. | LONDON AS MY colleague notes, the Federal Reserve surprised many of us yesterday by deciding to maintain its current pace of asset purchases, at $85 billion per month, rather than "taper". Ben Bernanke, the chairman, also made a number of interesting remarks that push policy in a decidedly more dovish direction. All..

More proof the rich won the Great Recession Surprise! Median income is down to about where it was 25 years ago. By Jon Terbush | 1:58pm EST inShare The luxury goods industry has little to fear. (Spencer Platt/Getty Images) Today is the two-year anniversary of Occupy Wall Street, a movement born from outrage over bank bailouts, as well as a belief that the nation's richest had ..

September 14, 2013 When the Frost Is on the Pumpkin, and Often on Stocks By JEFF SOMMER MARK TWAIN was a savant about the stock market, as he was about so much else. “October. This is one of the peculiarly dangerous months to speculate in stocks in,” he wrote in a mock diary entry in the novel “Pudd’nhead Wilson.” He added, “The others are July, January, September,..

The dangers of debtLending weightThe second in our series of articles on the financial crisis looks at the role debt and deleveraging have played in the turmoilSep 14th 2013 |From the print edition IT WAS the growing rate of default on home mortgages in America that precipitated the financial crisis five years ago. These delinquencies, although not enormous in themselves, becam..

POLITICSMore: Politics Immigration Immigration Reform Visas Americans Won't Like Hearing The Real Reason That Silicon Valley Is Pushing So Hard For Immigration ReformWALTER HICKEY JUN. 1, 2013, 9:47 AM 89,375 246Reuters Is there a shortage of talented workers in the fields of science, technology, engineering, and math (STEM) in America? It's one of the most fundamental questio..

WHAT'S NEXT 5 years later: Lessons from the crashLehman Brothers' collapse in September 2008 sent stocks on a terrifying ride. A year-by-year look back reveals five key takeaways you need to heed today.Lehman Brothers implodes1 of 6 Five years ago, you witnessed the worst panic unfold on Wall Street since the Great Depression. As home prices fell and mortgage-backed securities..

Labor participation lowest since 1978By Steve Hargreaves @hargreavesCNN September 6, 2013: 3:01 PM ET NEW YORK (CNNMoney)The official U.S. unemployment rate is falling, but that's not necessarily a good thing.That's because the slice of Americans involved in the labor force has shrunk to a level not seen in 35 years. The labor force participation rate -- the percentage of peop..

Hypercube or Tesseract?

Free exchange EconomicsPreviousNextLatest Free exchangeLatest from all our blogsCommodity price declineA Marxist theory is (sort of) rightSep 3rd 2013, 8:27 by C.W. | LONDON THE Prebisch-Singer hypothesis (PSH) was a staple of leftist economics during the second half of the 20th century. Raúl Prebisch and Hans Singer, working independently, showed that the “terms of tra..

Federal ReserveChoosing the chairmanLarry Summers and Janet Yellen would both lead the Fed well. But Ms Yellen is the safer choiceAug 31st 2013 |From the print edition BARACK OBAMA will soon make one of the biggest economic decisions of his presidency: who should replace Ben Bernanke as chairman of the Federal Reserve. Since America’s monetary decisions reverberate far beyon..