Ernest Werlin

"We need an all-out effort, a Manhattan Project, a man to the moon, to become less dependent on fossil fuel and the Middle East." - Rep. Chris Shays R.-Conn. In 1957, the Soviet Union [...]

"Crisis Economics: A Crash Course in the Future of Finance," by Nouriel Roubini and Stephen Mihm "In practice, we have seen that things that should have happened once every one hundred years are becoming [...]

"We must all hang together, or assuredly we shall all hang separately."-Benjamin Franklin Last weekend, Helmut Kohl, frail and confined to a wheelchair, implored his countrymen not to abandon his lifetime goal -- a [...]

"Time and again, problems emerge from a failure to heed the lessons of history. The recent market turmoil would not have occurred without unrealistic ratings, excessive leverage and government actions that distorted markets and [...]

Many Americans share my passion for courtroom dramas. We are riveted by the thrust and parry of trial lawyers and applaud when our legal matadors make the defendants break on the stand. Unfortunately, my [...]

In Greek mythology, Greek Sea monsters Scylla and Charybdis were situated between Sicily and Calabria in Italy. They were so close to each other that they posed an inescapable threat to passing sailors; avoiding [...]

"Keynes, The Rise, Fall and Return of the 20th Century's Most Influential Economist" by Peter Clarke Clarke explains very clearly, in about 200 pages, the shifts in John Maynard Keynes' reputation from 1920 to [...]

Derivatives’ Destructive Role in the global marketplace In my studies of the European conquest of Native Americans, I leaned how a relatively few invaders could subdue millions. Europeans possessed several formidable advantages, including rifles [...]

In the memorable movie "The Graduate," a family friend of the Braddocks, Mr. McGuire, says to the aimless Benjamin Braddock (Dustin Hoffman): "Let me give you one word -- plastics. There is just one [...]

"The Greatest Trade Ever: The Behind-The Scenes Story of How John Paulson Defied Wall Street and Made Financial History" by Gregory Zuckerman Gregory Zuckerman, an award-winning Wall Street Journal columnist, provides a wonderful, fast-paced [...]

In 1986, Steven Spielberg produced a slapstick film, "The Money Pit," about a married couple whose efforts to renovate their home are sabotaged by costly accidents. A generation later, the American taxpayers' efforts to [...]

Introduction In the aftermath of the Greek fiscal crisis, there needs to be a realistic assessment of the “lifetime superpower” assumptions that have dominated political actions in most advanced economic states. Specifically, capitalistic countries [...]

"The future ain't what it used to be."- Yogi Berra It has always been difficult for the retail industry to keep its customer base because of constantly changing consumer preferences, rapid commoditization and low [...]

"There are rare moments in this institution when you can implement fundamental change. This is one of them." –Sen. Evan Bayh, D-Ind. President Obama is considering forming a bipartisan commission to reduce the nation's [...]