In 1933, as today, a new president stepped into the White House, vowing change and decisive action at a time when a banking crisis posed a grave threat to the nation's economy. ...more

February 9, 2009

"You never want a serious crisis to go to waste," sayeth Rahm. Opportunistic and cynical, yes. But also savvy political counsel that transformational presidents have always followed. ...more

February 4, 2009

John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? ...more

September 30, 2008

Will the U.S. financial system collapse today, or maybe over the next few days? I don't think so - but I'm nowhere near certain. You see, Lehman Brothers, a major investment bank, is going under. And nobody knows what will happen next. ...more

September 16, 2008