The greatest economic power might in fact remain in the hands of the Federal Reserve. Economists credit the Fed's policy of keeping interest rates at historic lows with helping to pump up the economy and bring unemployment down. Andrew Ross Sorkin bringcrediteconomic share on social
In many ways, education is a lousy business. Teachers are not normal economic actors; almost all of them work for less money than they might fetch in some other industry, given their skills and advanced degrees. Andrew Ross Sorkin actoradvancebusiness share on social
By now, it seems as if everyone has already read Thomas L. Friedman's 'The World Is Flat: A Brief History of the Twenty-First Century.' It changed the way we think about global business, competitiveness and the implication for far-flung economies, governments, education and more. Andrew Ross Sorkin businesscenturychange share on social
The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs. Andrew Ross Sorkin boombusteconomic Change image and share on social
In September 2008 - as Lehman Brothers filed for bankruptcy and AIG, the world's biggest insurance company, accepted a federal bailout - Senator John McCain of Arizona, in what was widely viewed as a political move, suspended his presidential campaign and called on Obama to rush back to Washington for a bipartisan meeting at the White House. Andrew Ross Sorkin acceptbackbailout share on social
Perhaps the biggest economic shift during Obama's presidency came from a piece of legislation that wasn't sold as such. On March 21, 2010, Congress passed the Affordable Care Act, better known as Obamacare. It was Obama's boldest piece of legislation and the one that will most likely define him. Andrew Ross Sorkin actaffordablebig share on social
As a child, I always enjoyed - my parents used to have these little cocktail parties - and I always loved trying to get the adults to tell me things they weren't supposed to say. And in many ways, that's what my job is today; it's getting people to tell me things that they probably are otherwise not supposed to say. Andrew Ross Sorkin adultchildcocktail share on social
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis. Andrew Ross Sorkin austeritybackconfidence share on social
Great stories are still just great yarns. News remains the best human drama ever. Technology is not changing the story; it is just changing the way in which we deliver it. Andrew Ross Sorkin changedeliverdrama Change image and share on social
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could. Andrew Ross Sorkin alloweconomyfailure Change image and share on social