Dobbs: Our leaders have squandered our wealth
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President Bush's assurances that we'll all be "just fine" if he and Congress can work out an economic stimulus package seem a little hollow this morning.
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Why it fails to invest at the point of maximum optimism.
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I feel that I&#39;ve lost track of my 401(k) savings. I am 43 years old, earn $115,000 annually, and usually receive a pay increase of about 4 percent annually
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Conventional wisdom about wealth through real estate might be wrong.
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Comment is free: Henry Porter: While the police are showered with money, our services are cruelly underfunded and undermined by political indifference.
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Don't believe the hype: The deficit is much bigger than you think.
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Yesterday, former top US central banker Alan Greenspan, a very respected public official, said: "I'm saddened that it is politically inconvenient to acknowledge what everyone knows -- the Iraq war is largely about oil." Dale Bumpers, former US Senator from Arkansas, defended President Bill Clinton when he was on trial. He said, memorably: "H.L. Mencken said one time, 'When you hear somebody say, This is not about money, it's about money.' And when you hear somebody say, 'This is not about sex,' it's about sex." Bumpers might say today: When you hear somebody say the war in Iraq is not about oil, it's about oil. And Greenspan was absolutely right. Everyone knows that so many US trops and so much US money would not be deployed in Iraq if it weren't in the middle of the oil reserves of the world and if Iraq itself didn't have so much oil. It's ridiculous to argue otherwise. Yet, this admission is causing a major recalc in US political discourse. Had Greenspan said something so obviously true in 2003 or 2004, we might have avoided this national catastrophe. And I think this says more about us, and our desire to be misled, to have our lives simplified, to delegate our intellectual existence. Yes, our troops are there because of the oil. Don't doubt it. Postscript: The Bumpers speech is worth watching again, for its eloquence and simplicity. It wasn't so long ago that we rose to this level.
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Comment is free: Simon Jenkins: Northern Rock's de facto nationalisation proves our PM is no economic wizard.
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Scientific insights into why we keep overspending, and other bad financial habits.
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The trajectory of George ForemanÂs finances once had him headed into a gilded pantheon of big buckaroos who have squandered often-unimaginable sums of money.
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An inquiry determined that the trustÂs former president, with the approval of the Getty board, misspent money.
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Investors have ignored this country's promise for too long.
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Feeling too rich? Here's how to shed some excess wealth.
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Is our current crop of politicians any smarter than the ones who worsened the Great Depression?
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Think chief executives get fat paychecks? People who manage piles of money do much better.
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Comment is free: Polly Toynbee: Lib Dem tax proposals are a blow for sanity in an era of excess. Labour should do better than try to trash them pointlessly.
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The current proposal would boost the wrong part of the economy.