crisis

Dow Closes Above 13,000, First Time Since Crisis

The Dow Jones industrial average on Tuesday reclaimed the last of the ground it held before the carnage of the Great Recession %u2014 bailouts, bank failures, layoffs by the million and a stock market plunge that cut retirement savings in half. The Dow closed above 13,000 for the first time since May 19, 2008, almost four months before the fall of the Lehman Brothers investment bank triggered the worst of the financial crisis.

Why Is the Fed Letting Big Banks Boost Dividends?

The Fed's decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called "stress tests" are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.

Federal Reserve's Donald Kohn to Join Brookings Institution

The Federal Reserve's Donald Kohn, who has worked at the central bank for 40 years, will become a senior fellow at the Brookings Institution when he leaves the Fed next week. Kohn, 67, advised Fed Chairman Ben Bernanke throughout the financial crisis, and also served as a key adviser to former chairman Alan Greenspan. He first entered central banking as a researcher at the Federal Reserve Bank of Kansas City in 1970, and has served as a Fed governor and as head of the monetary affairs group.

Bernanke Faces Economic Dilemma in Jackson Hole Speech

Federal Reserve Chairman Ben Bernanke will address the Jackson Hole conference today, knowing that his words must reassure the public about the sluggish economy while also keeping the support of other policy makers. Bernanke needs "to give a sense of confidence there is someone with a steady hand on the tiller," Ethan Harris, an economist at Bank of America, told The Associated Press. "One decisive speech can quiet the noise."

These Days, a Good Reputation Is Everything

Some companies don't realize how important their reputations are until they're gone, but a new survey of corporate directors shows that reputational risk is their second biggest worry. It should be: As much as 70% of a company's value may rest on that one intangible asset.

Investors, Scared and Afraid, Remain on the Sidelines

David Henderson was on the floor of the NYSE on Thursday and Friday as the market tanked. He says that investors remain "scared, afraid and sitting on their hands" and warns that the psychology of the market is changing.

Henry Paulson's Memoir Is a Cautionary Tale

Henry Paulson's just-published memoir "On the Brink" recalls the financial crisis as it unfolded in the fall of 2008. Far from a gossipy tell-all, it devotes the bulk of its pages to the cautionary tale of how the world's financial system nearly collapsed -- and what he tried to do about it.

Toyota Needs to Move Fast to Save Brand

Crisis management experts say the time is now for Toyota to do everything possible to reassure the public that it's fixing the problems -- and that consumers should not lose faith in the carmaker's reputation for quality. But the company has miles to go to get to that point.