TIME’s assistant managing editor in charge of economics and business.
It’s Official: Tech Has Replaced Banking as the New Corporate Bad Guy
Here are four things you need to know as Apple CEO Tim Cook faces a Capitol Hill grilling today.
Here are four things you need to know as Apple CEO Tim Cook faces a Capitol Hill grilling today.
Belief in austerity persists because there’s a certain grim moral justice in the idea that debtor nations should pay for their crimes with deep, painful forced cuts. Justice aside, austerity is a failed economic concept.
2.5% GDP growth is positive news
The 2% economy—what caused this slow-growth cycle and what might cure it—was the make-or-break issue of the 2012 presidential election. It’s also the most pressing issue for the President now.
Updated, 6:10 p.m. E.T.
Warren Buffett is ready to call Republicans’ tax bluff. Last fall, Senator Mitch McConnell said that if Buffett were feeling “guilty” about paying too little in taxes, he should “send in a …
President Obama’s top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday night. It’s odd timing (or maybe not) given that nearly every bit of economic data that has come out in the last two weeks has been negative. There is now a very real chance …