Rick Newman


September 2009


6 Ways the Recession Will Change Retirement

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The Great Recession may finally be over, but the shock waves could reverberate for years—and fundamentally change the way we plan for retirement.

After most recessions of the past 75 years, the economy quickly bounced back to prerecession levels, erasing memories of hard times. This time seems ...

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How Big Pharma Wins From Healthcare Reform

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As Congress gets closer to final healthcare-reform legislation, the central question remains murky: Who will foot the bill?

Figures contained in the $856 billion proposal by Democratic Sen. Max Baucus of Montana—which has emerged as the basis for a final compromise between the House and ...

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TAGS:
health care

How to Pay CEOs What They’re Worth

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When Stanley O'Neal stepped down as CEO of Merrill Lynch in November 2007, the company sent him out the door with $162 million, effectively doubling his earnings from nearly five years as chief executive. Over the next five quarters, Merrill lost more than $30 billion from deals that were largely ...

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Coming Soon: The Miraculous Hollow Economy

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Economic commentators get excited these days if the typical indicator rises by 1 or 2 percent. What about 132 percent?

That's one credible projection for the increase in total net income for the S&P 500 in the fourth quarter of 2009. In any normal year, income growth of 5 or 6 percent would get ...

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TAGS:
economy

4 Countries With Better Healthcare Than Ours

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If the healthcare systems in Canada and Europe are so much worse than ours, somebody ought to tell the Canadians and Europeans.

There's little dispute that the United States has the most expensive healthcare system in the world. Our nation spends about $7,300 per person on healthcare every year,

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TAGS:
health care

An Economy Only a Mother Could Love

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So here we are, in the midst of a recovery. Remind me: How is this different from a recession?

Oh, right: Some things are getting worse more slowly than they used to, and other things have gotten so bad that they can't possibly get any worse. And a few things are actually getting better. When ...

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TAGS:
economy

4 Conundrums That Impede Healthcare Reform

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Everybody agrees that something is wrong. Yet it remains remarkably hard to fix our $2 trillion healthcare system.

Part of the reason, obviously, is that a lot is at stake. Healthcare accounts for 16 percent of the economy, a far higher portion than in most other developed nations. Yet even though ...

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TAGS:
health care

10 Gaffes by Doomed CEOs

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"When markets are in trouble," wrote John Kenneth Galbraith in 1954, "the phrases are the same: 'The economic situation is fundamentally sound' or simply 'the fundamentals are good.' All who hear these words should know that something is wrong."

The famed economist was writing about the 1929 stock ...

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TAGS:
executives
economy

4 Problems That Could Sink America

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If we're lucky, the recession is winding down, and life will start to feel a bit more comfortable before long. But that doesn't mean things will go back to the way they used to be.

The global recession that began in America's housing market has shaken the world's economic order and possibly knocked ...

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TAGS:
economy
recession

How the Bailouts Could Have Gone Better

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Did they work?

With the financial meltdown finally contained and the Year of the Bailout drawing to a close, we can start to make some meaningful assessments about whether hundreds of corporate rescue packages did more harm than good. It's probably fair to say that aggressive government intervention ...

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TAGS:
bailout
AIG, Inc.

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