Peter Morici

Global Politics

President Obama hosts bank leaders

The economy received some positive news on Sunday when Larry Summers said that the recession is over. Even if you agree with Summers, it's still hard for many to forgive and forget the role Wall Street played in creating the current economic mess.

Global Politics

President Obama hosts bank leaders

The economy received some positive news on Sunday when Larry Summers said that the recession is over. Even if you agree with Summers, it's still hard for many to forgive and forget the role Wall Street played in creating the current economic mess.

Business, Economics and Jobs

The numbers behind the job numbers

The Labor Department releases November unemployment data this morning. In October, the economy lost 240 thousand jobs and November may deliver some even bleaker numbers. Economist Peter Morici, a professor at the University of Maryland School of Business, looks at the numbers.

Global Politics

Labor costs and unions

The auto bailout will require autoworkers to give up some of their hard-won benefits. Yet Obama is beholden to organized labor. Peter Morici joins The Takeaway to parse the details.