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Category: Economy

At the Onset of Winter, Questions for a Bullish Movement

by Todd Gitlin | Dec 1, 2011 | Culture, Economy

It’s been ten weeks since, on September 17, a few hundred pioneers plunked themselves down in Zuccotti Park (more a patch of sunless concrete than a park, actually), renaming it Liberty Square and turning it into a sort of communal homestead and visible sore spot, reminding those who needed reminding that the wildness of markets […]

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From Zero to 20,000 On Wall Street

by WS Editors | Nov 1, 2011 | Economy, Legal Affairs

She composed herself, told me to read Ross Sorkin’s article in the Times, and turned her attention to the two young women leading the general assembly. After watching this movement from up close for two days in October, as well as from afar, I find myself in agreement with the government regulator who feels compelled […]

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Two Men and a Meme | Creative Destruction

by WS Editors | Nov 1, 2011 | Economy

Two Men and a Meme — The image is compelling and sublime. A ballerina (a member of the Boston ballet) poised delicately on the back of the iconic Wall Street Bull statue in the Financial District. A visual contradiction: the dancer, unbearably light; the bull heavy and muscular. The text, equally intriguing. Above the image […]

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Posted Prices and the Capitol Hill Stalemate Machine

by Thomas Ferguson | Oct 15, 2011 | Economy, Politics

Fast-forward to 2011. Being a millionaire in Congress is nothing special — just about half of all members are one. The legislative process works less operatically, but the result is pretty much the same: legislative gridlock punctuated by occasional blatant special-interest legislation. Banks are rescued; the unemployed are left to their own devices. The housing […]

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The Supercommittee Deadlock Superfund Site

by WS Editors | Oct 15, 2011 | Economy, Politics

The Supercommittee is charged with delivering, by November 23, recommendations for $1.5 trillion in cuts from the federal budget over the next 10 years. The recommendations, if they are reported out, will be subject to a legislative plebiscite in the House and Senate. That is, a “yea” or “nay” vote with no amendments and no […]

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