Friedman: Bernanke's Drugged
On GMA Tuesday, the usually hopeful Tom Friedman jokes Ben Bernanke must be on drugs to think the economy is healing. He is joking, right?
With Citi's desperate maneuvers and Bank of America now getting billions more in bailout funds, the U.S. banking system is back on center stage for the markets and Washington. Are we headed for another crisis?
With job losses rising and stocks dropping, what can Obama's point men for the crisis - Timothy Geithner and Larry Summers - do? A look at the turmoil they're facing, and their options.
McCain Missed a Trick
Conrad Black is the author of biographies of Maurice Duplessis, Franklin D. Roosevelt, and Richard M. Nixon, was the publisher of the London Telegraph newspapers and Spectator, and founded the National Post of Canada. He has been a life peer in the British House of Lords as Lord Black of Crossharbour since 2001.
When he interrupted his campaign to return to DC to manage the economic crisis, McCain was onto a winning streak. But he blew it.
The Harm FDR Did
Before joining the Daily Beast, Ross Goldberg worked as a staff reporter on the New York Sun's city desk, where he covered courts as well as general assignments. In college, he served as managing editor of the Yale Daily News.
FDR is hailed as the savior of Depression America. But there is another, less charitable view.
Why Sarkozy Is Smarter Than Bernanke
William D. Cohan, a former senior-level M&A banker on Wall Street, is the author of The Last Tycoons: The Secret History of Lazard Freres & Co, and his new best seller House of Cards: A Tale of Hubris and Wretched Excess on Wall Street.
Americans can thank Europe's leaders for putting some grease back into the frozen credit machinery.
The Guy Who's Got $700 Billion of Your Money
Before joining the Daily Beast, Ross Goldberg worked as a staff reporter on the New York Sun's city desk, where he covered courts as well as general assignments. In college, he served as managing editor of the Yale Daily News.
Meet the 35-year-old who Paulson just tapped to manage the bailout
Even the Smart Guys Don’t Understand the Meltdown
David Rothkopf is a visiting scholar at the Carnegie Endowment for International Peace and author of Superclass: The Global Power Elite and the World They Are Making. He served as a senior economic official in the Clinton administration.
Is the banking bailout a genuine cure or an empty ritual?
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
Jacob Bernstein is a senior reporter at The Daily Beast. Previously, he was a features writer at WWD and W Magazine. He has also written for New York magazine, Paper, and The Huffington Post.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Gerald Posner is The Daily Beast's Chief Investigative Reporter. He's the award-winning author of 10 investigative nonfiction bestsellers, ranging from political assassinations, to Nazi war criminals, to 9/11, to terrorism. His latest book, Miami Babylon: Crime, Wealth and Power—A Dispatch from the Beach, was published in October. He lives in Miami Beach with his wife, the author Trisha Posner.
Martin Jacques is the cofounder of the UK think tank Demos, writes a regular column for The Guardian, and is a visiting research fellow at the London School of Economics Asia Research Centre. His new book, When China Rules the World, is available now.
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