Global Economy
Column: Twilight for the Middle Class in America?
It's evening in America. That is the worrying news from the latest Heartland Monitor Poll, conducted quarterly and sponsored by the insurer Allstate and National Journal. The researchers made a ...
Berkshire Profit Rises 51%, Shares Hit Record High
Warren Buffett's Berkshire Hathaway Inc. on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from ...
Many Bosses ‘Cook the Books’ to Meet Tough Goals: Fraud Survey
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says in its latest fraud survey ...
How Imports Support U.S. Jobs Including Insurance
A new report credits imports with supporting 16 million U.S. jobs in a bid by business groups to improve the image of the ugly brother of trade. While politicians from President Barack Obama on down ...
Lessons of Reinhart-Rogoff: Lawrence Summers
The economics commentariat and no small part of the political debate in recent weeks has been consumed with the controversy surrounding the work of my Harvard colleagues (and friends) Carmen Reinhart ...
Buffett Fans Remain Loyal Even As Berkshire Growth Slows
Short-seller Douglas Kass, Warren Buffett's handpicked bear, raised a concern on the minds of many shareholders at the "Woodstock for capitalists" this weekend: Has Berkshire Hathaway Inc. become so ...
Liberty Mutual Sees Profit Fall in Q1
Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first ...