Jay Akasie
JAY AKASIE, a business and financial journalist, most recently was editor of TRENDS, the Middle East's leading business magazine. He previously served as business editor of The New York Sun and has covered industry and personal investment issues for Forbes, Grant’s Interest Rate Observer, and Worth magazine. He holds a BA in history from Trinity College, an MS from the Columbia University Graduate School of Journalism, and an MBA from Columbia Business School.
Recent Stories By Jay Akasie:
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What’s Killing America’s Global Competitiveness?September 25, 2012
A report released this month by the World Economic Forum questions one of the fundamental assumptions of the last 100 years: that a healthy economy helps improve the lives and well-being of the...
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The Episcopal Church, Bain Capital and Heavenly ReturnsAugust 31, 2012
During his acceptance speech in Tampa Thursday night, Republican presidential nominee Mitt Romney said that he was risk-averse during the early years of establishing his private equity firm, Bain...
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A Solid Gold Fix for the National DebtJune 28, 2011
How does America, looking up from the bottom of a $14.3 trillion sinkhole, claw its way out of debt? For starters, says perennial Wall Street bear James Grant, go back to the gold standard. In an...
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A Year after the Flash Crash: It Can Happen AgainMay 6, 2011
On the first anniversary of the Flash Crash, the huge single day disruption and lightning-quick recovery that rattled the stock market, we still don’t know exactly what caused it or whether enough is...
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Islamic Bonds: Return to Fiscal ResponsibilityApril 5, 2011
Now might not be the best time to sell Americans on the benefits of Islamic finance. American military forces are bogged down in three Muslim countries and Congress is holding hearings on the...
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It’s Time to Tap the Strategic Oil ReserveMarch 24, 2011
Mohammed Al Hamli, minister of energy for the United Arab Emirates, recently said it is a “myth” that the world’s largest oil cartel reduces oil production from its member states in order to drive up...
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Get Ready for the Maiden Voyage of QE3March 22, 2011
Former White House chief of staff Rahm Emanuel’s greatest contribution to American politics may turn out to be this bit of wisdom: “You don’t ever want a crisis to go to waste.” The world has had...
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America Can’t Afford to Develop Alternative EnergyMarch 8, 2011
Remember the EV1? General Motors brought this sleek electric car to market some 15 years ago. It spent more than $1 billion developing the EV1 and ended up selling about 1,000 of them in southern...
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Axelrod’s Defense of Trillions of Dollars in DebtMarch 4, 2011
David Axelrod’s first speech since leaving the White House was to this week’s TradeTech convention of stock traders in New York – in keeping with the Obama administration’s latest attempt to appear...
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Energy Crisis Fuels New Ways to InvestFebruary 22, 2011
As oil prices push toward $100 a barrel amid turmoil in the Middle East, investors may be looking for ways to profit from the turbulent energy sector. Trading on price changes up and down is one way...
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Egyptian Crisis and Globalization’s Currency RiskFebruary 11, 2011
The good news in Cairo is that banks are open for business again. The bad news could be that as a result, the country witnesses a vast outflow of capital. ‘Outflow of capital’ is a nicer way of...
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Dodd-Frank: Putting the Brakes on Free MarketsFebruary 4, 2011
There’s bureaucratic overstretch and then there’s a step above: the Dodd-Frank Act. Do the math. Since the federal government began regulating commodities and futures trading 90 years ago, it...