2008 financial crisis

Flashback: When Barack Obama and John McCain Put Politics Aside

Presidential rivals Sen. Barack Obama (D-IL) and Sen. John McCain (R-AZ) put politics aside and offered their support to President George W. Bush during the 2008 financial crisis. In contrast, 2020 candidates Sen. Bernie Sanders (I-VT) and former Vice President Joe Biden have used the coronavirus to trash President Donald Trump.

George Bush with McCain and Obama (Tim Sloan / AFP / Getty)

For China, Debt Disaster Lurks in the Shadows

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

An employee puts Chinese one-hundred yuan banknotes in a money counting machine for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Chinas central bank is forecast to double the yuans trading band in the coming quarter as policy makers loosen exchange-rate …

Steven Mnuchin: ‘Regulation Is Killing Community Banks’

The highlight of Treasury Secretary Steven Mnuchin’s confirmation hearing so far was his rousing defense of community banks against overbearing federal regulations. “Regulation is killing community banks,” he declared, and if the process is not reversed, we could “end up

Mnuchin Fox News

France Declares State of Economic Emergency

As investor sentiment plunges across the world, President François Hollande of France has unveiled an economic plan to deal with what he describes as his country’s “state of economic emergency”. Setting out a new €2 billion (£1.5 billion) job creation plan