The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists. The latest quarterly AP Economy Survey shows economists have turned gloomier in the past three months. They foresee weaker growth and higher unemployment [...]
Financial regulators, white-collar criminologists, and economists all agree that perverse incentive structures cause crises and they agree that the finance industry’s incentive structures have long been perverse. The Obama administration asserts that the financial reform bill the President will sign into law this week will prevent future crises. In fact, it will fail to do [...]
