Ben Bernanke, Federal Reserve Chairman, recently announced his intentions of forming a plan that will decrease the federal deficit in the near future. Bernanke told The New York Times, “Although sizable deficits are unavoidable in the near term, maintaining the confidence of the public and financial markets requires that policy makers move decisively to set [...]

This past Thursday, President Obama proposed an “interesting” strategy to try and get Wall Street on board with his and Congress’ financial regulatory overhaul. In an address at Cooper Union College in Manhattan, the President boldly claimed that he foresaw the crisis two years ago when he gave a speech at the same venue. He [...]

E-mails recently released by a Senate subcommittee implicate Wall Street giant Goldman Sachs in making “serious money” off of the real estate bubble burst. The e-mail chains contradict claims by Goldman officials that the investment bank also lost a substantial amount of money from mortgage-related investments, and will be addressed during the bank’s Senate hearing [...]

As Greece experiences continued economic trouble, the government recently requested assistance from the International Monetary Fund. The IMF has agreed to lend Greece massive amounts in bailout money, as did many European nations. The assistance will allow Greece to avoid default on its many debts. Many European nations willingly agreed to donate billions to Greece, [...]

Authorities in the UK have arrested seven suspects in what is being marked as the largest insider-trading case ever for the Financial Services Authority. The FSA is the UK’s primary financial institution regulator that has recently been criticized for lacking oversight over the financial district in London. The FSA is now attempting to establish a [...]

As mandated by the Constitution, a Census must occur nationwide every ten years. For the 2010 Census, with the hope of increasing people’s participation, the government launched a massive campaign. In the past, the Census has proved to not only be a money-draining endeavor, costing billions of taxpayer dollars, but it is also a time-consuming [...]

Ford Motor Company has sold off another one of its nonessential brands in an effort to bring profitability to the faltering company. In 2007, Ford sold Aston Martin, and in 2008 the auto maker shed Jaguar, Land Rover, and a significant portion of its ownership in Mazda. On Sunday, Ford created a landmark agreement with [...]

Officials in Washington moved to quickly overhaul the federally funded student loans programs last week as the Obama administration predicted serious cuts in Pell Grants for low-income students due to health-care legislation.  As politicians worked to fix the student-loan bill, many worried that it would cause ramifications concerning the ongoing healthcare plan. One of the [...]

BC’s Carroll School of Management students recently learned that their undergraduate program has been ranked in the Top Ten in the nation for 2010.  A leap upward from number 17 in 2009, CSOM’s current place at number nine is certainly an incredible achievement.  How did CSOM make such a drastic improvement, according to Business Week?  [...]

As the economy still struggles to make its way out of recession, many still struggle to make ends meet.  However, headlines are filled with news of top Wall Street CEOs taking home huge bonuses. These bonuses are mostly in the form of stock options, and typically amount to somewhere between nine and twenty million dollars.  [...]