On a single day in July of 1943, more than 500 Allied planes bombed Rome, killing 1,500 people. The city got off lightly compared with Naples, which was attacked 200…
By Joseph Stiglitz, adapted from a white paper published in May by the Roosevelt Institute, where he is chief economist. Stiglitz received the 2001 Nobel Prize in Economics.
Caught in the Web, 1860. Federal agents arrested hedge-fund manager Bernard Madoff and charged him with running a $50 billion Ponzi scheme, possibly the largest in Wall Street history. Madoff…