Draine On Society
Quarterly profits are quarterly profits, right? A company simply reports the revenues and costs associated with a three-month period and the difference must be the net gains or losses accrued by the firm. In theory this is how it works; reality often paints a different picture.

AIG and CDS

The popular fury at the executive bonuses paid out by American International Group (AIG) is well-placed. Despite the fact that these bonuses represent only one tenth of one percent of the total bailout money received by AIG, they are still a source of rage and frustration to the average taxpayer.

On Healthcare

President Obama’s recent budget proposal, as outlined in his address to the Congress, requested $634 billion to be set aside for healthcare reform. Health care reform is a topic that has been touted by many politicians with little to show for it. Due to a lack of specifics from the Obama administration, I will instead outline my own proposal for healthcare reform.

Alex Giannattasio recently commented on a column by Josh Baker about Barack Obama, Republicans, and bipartisanship. This is a brief letter outlining several issues I take with The Tough get Spinning.

It seems as though a day cannot go by without hearing the N-word.  That’s right, I’m talking about nationalization.
Even the thought of the word is enough to send some people into tirades against Big Brother, socialism, and liberals.  However, upon reflection, the idea of nationalizing our banks may not be as terrible as it initially appears.

By Alex Draine

There are a lot of financial buzzwords floating around these days. From Washington to New York, numbers and terms are being thrown about without much thought. It has become clear that many people do not fully understand the subtle and not-so-subtle nuances of economic policy.