Barack Obama has reluctantly ordered huge spending cuts after failing to reach an agreement with his Republican opponents. The US President could n...
“Insanity,” as Albert Einstein is said to have once remarked, “is doing the same thing over and over again but expecting different results.” ...
The White House and Congress would have one believe that the recent 'fiscal cliff' bill increasing taxes was meant solely to reduce the deficit. How many Americans know that it was filled with expenditure for favoured interest groups?
The next fiscal crisis is set for February or March. Paul Krugman is pleading for minting a $1 trillion platinum coin to avert gloom and doom. Ideas like these help put a smile on your face in difficult times, but how will the fiscal saga really evolve?
We need to re-think how we view property. So here's a thought for 2013 - why don't we stop focusing on capital growth and see property instead as a potential income generator?
Hello, good afternoon and welcome to our first round up of funny tweets from the year that IS 2013. Take that, Mayans! And we think you'll agree th...
As long as people (and the media) focus on doom and the possibility of doom, then people will read about it, talk about it and wait for it to happen.
If Congress appears divided, partisan and irrational then it is partly the fault of its electoral system and partly the fault of the voters. Until something is done about this the pattern will keep on repeating itself.
London's blue-chip share index powered ahead on Wednesday amid relief that America had been spared a devastating package of spending cuts and tax rise...
The fiscal cliff is a sort of prisoner's dilemma. Each player appears fixated on trying to rat to the electorate about the guilt of the other for the impending disaster. In the chaos following a fall down the cliff, the president and the Republicans each hope that they will escape with a light electoral sentence while the other is sent down for life.
Any deal is crucial not just for the US but also the global economy. Even a short period when Washington could not pay its bills would have a devastating impact on global confidence.
The FTSE 250 Index, has been the surprising star performer of 2012, as investors put their money behind companies they are more "comfortable with" ami...
Many of the risks in the year ahead could be the result of what might be characterised as drift. A lack of leadership and political will that leaves nations and regions without a clear strategy to solve serious long-term challenges. And in the sense of drifting apart through a divergence of interests over time.
Sunday the President faced one of his saddest duties, attending yet another memorial service resulting from one more horrific mass shooting. The President headed to Newtown, Connecticut to try to be 'Healer-in-Chief' again for the families of the schoolchildren and adults who were brutally murdered on Friday.
There are less than two weeks left for the Obama Administration and Congress to reach a deal to avoid the Fiscal Cliff. There are clearly two games going on here - one is purely political (who gets the credit and who gets the blame) and the other is actual deal making.
There are less than two weeks left for the Obama Administration and Congress to reach a deal to avoid the Fiscal Cliff. There are clearly two games going on here - one is purely political (who gets the credit and who gets the blame) and the other is actual deal making.
Having trouble getting your head round the ins and outs of America's 'fiscal cliff'? Or maybe you're too busy worrying about our own dear Chancellor's...
Whatever you think of the current standoff between President Barack Obama and the Republican-led Congress over the budget, what you are witnessing is raw, messy democracy in action.
A teetering world economy. An economic crises for which solutions remain unknown. The leader of the free market world potentially having a gridlocked political system. I think there's only one thing that can be said here: good luck Mr. Obama.
Investors were clearly thinking along traditional lines last week and wanted Romney, but the Obama victory doesn't have to be such a bad result for them. Chances of reaching a deal to avoid the fiscal cliff have increased a little bit with the outcome of these elections. And the outlook for getting to a more comprehensive agreement on getting back on a healthy fiscal track have improved somewhat with a second-term president and less power for the Tea Party.
Since starting to watch the election coverage over a range of different news channels on Tuesday evening I've listened to a lot of analysts try to suggest many different things, the most outrageous of all being Obama's second term will be that of a lame duck president. This is highly unlikely although how much social and domestic change takes place in the US over the next four years is open for debate. What is certain is that Obama will continue to pursue the economic policies of the last four years and that's where the continuity comes in.
The most likely outcome of the 6 November elections is that not much is going to change in a relative sense. We foresee a second term for Obama, a (dark) red House of Representatives, and a Senate where the Democrats will win by a hair (although the latter is far from certain).
