President Obama held the first meeting of the Bipartisan Commission on Fiscal Responsibility and Reform Tuesday. Here are five issues to watch as the deliberations get under way.
When it comes to the ethics of a market maker, Goldman Sachs and a Senate panel don't see eye to eye.
Senators in Tuesday's Goldman Sachs hearing browbeat the firm for profiting on its pessimistic view of the mortgage market. But the bigger problem, perhaps, was the irrational optimism.
On April 26, 1759, one hundred years before Darwin made his discovery, Adam Smith began is path into economic history by publishing his first book, 'The Theory of Moral Sentiments.'
On Wall Street, Goldman Sachs is admired to a certain extent for its ability to generate profits. But the firm is also resented for a certain swagger.
Too much government control: the choice to ground European flights after the volcano eruption should have been left left up to the airlines.
After the Iceland volcano closed airports in Europe, the many grounded travelers were quick to make other arrangements in a sterling example of Adam Smith’s invisible hand.
Entrepreneurs from more than 50 countries gathered at the summit on entrepreneurship in Washington to learn how individual action can expand opportunity, especially in the Muslim world.
The authors of a new study think so. Case in point: About 20 percent of borrowers in the bottom quartile of the financial literacy index experienced foreclosure compared to only 5 percent in the top quartile.
Although both parties have rejected a value-added tax, political gridlock is keeping them from offering better alternatives than the VAT.