On Feb. 10, Beijing will celebrate the Chinese New Year -- assuming the city can catch its breath. January may have been its worst month ever for air pollution. The level of airborne particulates was six times higher than the U.S. Environmental Protection Agency considers safe.
Jamie Dimon , chief executive officer of JPMorgan Chase & Co. , has harsh words for Fannie Mae and Freddie Mac. They are “the biggest disasters of all time,” Dimon told the Financial Crisis Inquiry Commission last fall, according to his just-released interview.
Without a growing economy that creates more high-paying jobs, both President Barack Obama and congressional Republicans face the unpalatable prospect of much higher taxes or reductions to popular programs (or both). Growth is the best way to cut this Gordian knot.