Topic: Smith School of Business

Debt crisis 2.0: Facing default, Greece must ditch the euro and rethink its welfare state

A year after being bailed out, Greece is on the brink of default. To save itself, it must dump the euro and stop coddling its citizens. European nations must give up the belief that the benefits of capitalism can be accomplished without individual responsibility, risk taking, and rewards.

Government shutdown isn't our biggest worry. It's the coming fiscal train wreck.

Closing US federal offices for a few days will have not a lasting impact. What counts is whether the newly elected conservative majority in the House of Representatives keeps its promise to cut the deficit and reign in dangerous levels of government spending.

The Obama Doctrine is bad foreign policy

In his speech about Libya last night, President Obama articulated his thinking about intervention quite clearly – and it's quite clearly unacceptable.

Can economy's 2010 growth spurt last? Five clues.

The US economy grew at a relatively healthy 3.2 percent annual rate in the final quarter of 2010, the Commerce Department reported Friday. That is an improvement from a 2.6 percent rate in the third quarter.

But to many Americans, it's hard to tell if anything is really better. Buried in the new report are clues to why that is – and what might happen to the economy in the year ahead. Here are five things that the government’s preliminary report on gross domestic product reveals about the health of the economy.

Jobs numbers for May squelch some economic optimism

Private sector businesses added just 41,000 new jobs in May, leading Republicans to criticize Obama's economic plan. But analysts see a few bright spots.

Dow average shoots up after Europeans agree on Greece debt plan

The Dow average was up by more than 340 points as of early Monday afternoon. Investors were relieved to see European leaders agree on a Greece debt plan.

Unemployment rate falls to 9.7 percent. Is job market improving?

Economists see some optimism in the unemployment rate as well as in other employment data. But overall, jobs are still being lost.

Stocks rally on Fed's word that the economy is leveling off

Though problems remain for housing and jobs, the Fed's Open Market Committee sees further improvement in financial markets in recent weeks.

Why US economy is poised to lift out of negative GDP

Economists see in second-quarter report some signs that the groundwork is laid for an upturn.

US task: Put jobless into jobs

With biggest job losses since 1974, Obama plans massive public works.