The Market Now

Government




A 100% accurate simulation of the consequences of playing chicken with the debt ceiling.

Photograph by Matthias Clamer/Getty Images

A 100% accurate simulation of the consequences of playing chicken with the debt ceiling.

First Rule to Avoid Default: Don’t Assume You Can Miss Oct. 17 and Avoid Default

What happens if we miss the Oct. 17 deadline? the disordered slashing of essential government functions would make the current shutdown look like a slow Sunday on the road to church.

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Both liberals and conservatives gripe about student debt, and government-backed loans are the casualty.

Photographer: Scott Eells/Bloomberg

Both liberals and conservatives gripe about student debt, and government-backed loans are the casualty.

Student Loans Are Dying a Long, Slow, Undeserved Death

What's can there be to love about a program that starts new graduates on their adult lives with piles of debt? How about this: as college tuition rises, loans are still the most cost-effective way for the government to...

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With just one bridge going into San Francisco's city center, a transit strike turns traffic into a nightmare snarl.

Photograph by Justin Sullivan/Getty Images

With just one bridge going into San Francisco's city center, a transit strike turns traffic into a nightmare snarl.

No, SiliValley, It’s Not Easy to Replace Public Transit

The San Francisco Bay Area, cradle of the 21st century technology industry, is wrestling with a very 20th century problem: a transit strike. A new crop of alternative transportation startups like Uber, Lyft and Sidecar see a chance to show...

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An anti-foreclosure demonstration outside Fannie Mae headquarters.

Photographer: Andrew Harrer/Bloomberg

An anti-foreclosure demonstration outside Fannie Mae headquarters.

Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill

If there's such a thing as too big to fail, no one qualifies more clearly than Fannie Mae and Freddie Mac. Unfortunately, splitting them up won't get government out of the loan guarantee business. Smaller companies in the subprime industry...

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Steven "Steve" Cohen, chairman and chief executive officer of SAC Captial Advisors LP

Photographer: Scott Eells/Bloomberg

Steven "Steve" Cohen, chairman and chief executive officer of SAC Captial Advisors LP

What Makes Steve Cohen’s Stock Picks So Special?

Why is Steven A, Cohen’s SAC such a tempting target for prosecutors? Yes, Cohen is well known and successful; so are other fund managers. The difference is that we have a pretty good idea of roughly what other successful fund...

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