Joseph Lazzaro

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Joseph Lazzaro, U.S. Editor, served as Managing Editor of New York-based financial news web sites WallStreetEurope.com/WallStreetItalia.com, 1999-2004, and as Economics/Markets Editor for AOL’s DailyFinance.com, 2008-2011.

As Gridlock Grips Capitol Hill, Government Shutdown Nears

With less than six days until a possible U.S. Government shutdown, considerable differences remain between Democratic and Republican proposals to fund disaster relief. The GOP wants any Hurricane Irene disaster relief funds to be offset by cuts to other programs. Democrats say doing so would hold disaster victims hostage to partisan politics.

G-20: Globalization's Two-Edged Sword

Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.

U.S. Unemployment - 5 Programs to Increase U.S. GDP and Create Jobs

In the first half of 2011, the United States registered two straight quarters of sub-par GDP growth, and the risk of a double-dip recession has increased. With consumer spending and business investment lagging, that leaves it up to the public sector to fill the gap. Accordingly, here are five programs to increase U.S. GDP growth.

Jobs Bill: 5 Reasons Why the U.S. Economy Needs More Fiscal Stimulus

Due to the lingering government debt crisis in Europe and a 9.1 percent U.S. unemployment rate, key economic statistics are pointing to slow-growth conditions in the U.S. for the next two quarters, and a double-dip recession is possible. Is there anything Congress can do to create jobs and get the U.S. economy moving again?

U.S. Stocks: Is the Dow’s Pullback a Buying Opportunity?

The Dow Jones Industrial Average (DJIA) is on track to record a weekly decline of more than 800 points -- its worst weekly swoon in two years. But the important question for the typical investor is, 'Where's the Dow likely to head in the next six months?'

Tax Reform: Can Congress Undertake the Heavy-Lift?

Is the United States capable of tax reform? U.S. Ron Wyden, D-Ore., thinks so. Still, U.S. tax code revisions are arduous because they go to the core of the United States -- commerce -- and a tax code alteration can result in a change to a company's or group's slice of the economic pie.

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.

Obama Tax Plan: ‘This Is Not Class Warfare, It’s Math’

President Barack Obama has thrown down the gauntlet regarding the deficit reduction process -- the only question is, does he have the support of the American people to enact his budget vision, or is substantive action unlikely prior to the 2012 election, due to divided government?

FBI: Violent Crime in U.S. Falls for 4th Straight Year

Violent crime in the U.S. declined for the fourth year in a row in 2010, the FBI announced Monday, in its annual Crime in the United States reported. All four categories of violent crime decreased, despite the fact budget cutbacks resulted in fewer law enforcement staff nationally. Pproperty crimes (excluding arson) victims lost an estimated $15.7 billion in 2010.

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.

Obama Tax on Wealthy - Correcting Last Decade’s Big Mistake?

Although President Obama’s new deficit reduction plan will be portrayed as a tax hike, in reality, it by and large returns the tax code, with a few exceptions, to levels that existed prior to the 2001 Bush income tax cut -- a cut that fundamentally altered the U.S.'s fiscal and economic trajectory. The nation has been trying to recover ever since.

Obama’s Buffett Tax: A Warranted Tax on Millionaires or ‘Class Warfare’?

President Barack Obama will once-again try to right the nation's fiscal ship of state by proposing a new tax levy for U.S. taxpayers whose income exceeds $1 million per year. Congressional Republicans have already said they're opposed to the levy, but it remains to be seen whether that latter view will hold amid a public that wants upper-income groups to pay more in taxes.

Natural Gas: Can It Displace Oil in the U.S.?

The energy-thirsty United States is on the hunt for a game-changing energy source or energy usage technology -- and batteries and fuel cells are strong candidates. But their mass use could be 20 years away. Meanwhile, a conventional source may bridge that gap, or provide even more upside: natural gas.

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