US Economy Joseph Stiglitz

  • Davos leaders look beyond 2016's early market mayhem Wednesday, 20 Jan 2016 | 12:28 PM ET

    *MSCI World equity index fell to lowest level since July 2013. DAVOS, Switzerland, Jan 20- Blood-letting in global markets is dominating corridor talk as business leaders and policymakers meet in Davos, although so far the view is that it doesn't signal a financial crisis. As the World Economic Forum's annual meeting in Switzerland wrestled with topics ranging...

  • Chief among the questions is whether the world's most influential central bank, along with many of its peers, is trapped at near zero interest rates as the economic cycle crests and inflation flatlines, due to a rapid cooling of China and other emerging economies and a commodity price slump. "The relative paucity of the monetary policy toolkit increases the...

  • BRIGHTON, England, Sept 27- Britain's opposition Labour Party said on Sunday it had set up an advisory committee including Nobel Prize-winning U.S. economist Joseph Stiglitz and Frenchman Thomas Piketty to help develop its anti-austerity policies. McDonnell has advocated renationalising Britain's rail system, curbing the power of the country's six big...

  • LONDON, Sept 16- The era of extraordinary monetary policy and central bank dominance of macroeconomic policy may be at a critical juncture- and not just at this week's Fed meeting in Washington. "We see a compelling case for commencing Fed action this week," said Deutsche Bank's research chief David Folkerts-Landau, citing the tight labour markets and likely...

  • Morning six-pack: What we're reading Wednesday Wednesday, 16 Apr 2014 | 8:02 AM ET
    Characters from the game Candy Crush on the floor of the New York Stock Exchange, in honor of the mobile gaming company King holding its initial public offering at the NYSE on March 26, 2014 in New York City.

    Happy Wednesday. We now return to our regularly scheduled program of spring.

  • Joseph Stiglitz: US needs fiscal stimulus Monday, 13 Jan 2014 | 6:41 PM ET
    Joseph Stiglitz: US needs fiscal stimulus

    Nobel prize winning economist Joseph Stiglitz weighs in on the disappointing US jobs report in an interview with CNBC TV's 18 Latha Venkatesh.

  • George Soros, founder of Soros Fund Management LLC

    "Germany did the minimum that was necessary to preserve the euro... And that is what maintained the crisis conditions," business magnate George Soros said.

  • Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.

  • Wal-Mart ordered to double S.Africa fund to $23 mln Tuesday, 9 Oct 2012 | 11:41 AM ET

    JOHANNESBURG, Oct 9- A South African court on Tuesday ordered the local unit of Wal-Mart to double a planned fund for small suppliers to $23 million, ending more than a year of legal wrangling over its entry into Africa.

  • Banks Risk Distorting Our Democracy: Stiglitz Friday, 29 Jun 2012 | 8:07 AM ET
    Joseph Stiglitz

    Under-regulated and over-powerful banks weaken the global economy and lead to higher inequality, Nobel prize-winning economist Joseph Stiglitz told CNBC.

  • The American Dream Is Now a Myth: Joseph Stiglitz Tuesday, 26 Jun 2012 | 1:33 AM ET
    Joseph Stiglitz

    Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.