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.

Our writers adhere to IBT's Editorial Guidelines.
More From Joseph Lazzaro

Russia Says It Will Target U.S. Missile Shield

Russia has again warned the U.S. about deploying a missile defense system in Europe, with President Dmitry Medvedev saying his nation will deploy new missiles aimed at the shield if the U.S. goes forward with its plan.
Nov 23, 2011

Remembering President John F. Kennedy

It has been said that the U.S. lost its innocence on November 22, 1963. Forty eight years have passed since President John F. Kennedy was assassinated on that horrific day in Dallas. And in some sense, the nation has never fully recovered.
Nov 21, 2011

As Super Committee Deadline Approaches, Talks Near Collapse

With less than four days until the deadline for a debt-reduction deal, the political climate late Sunday night on the super committee and on Capitol Hill is not encouraging -- gridlock permeates the air as Democrats and Republicans remain far apart on the key issue in the talks: tax increases.
Nov 20, 2011

Imperial Overstretch: Is A Bloated Defense Budget Weakening the U.S.?

U.S. overspending on the military has diverted resources from civilian / social investments, weakening the economy, and, by extension weakening the nation. If it doesn’t substantially cut defense spending, the U.S.’s empire will likely share the fate of two other empires that overspent on the military -- the British Empire and the Soviet Union.
Nov 20, 2011

Saving Capitalism from the Capitalists

Prudent interventions by major central banks averted a global financial calamity during the financial crisis’ acute stage three years ago. Another intervention to address Europe may be needed, and should be implemented, if central bank officials deem it necessary.
Nov 17, 2011

'Bond Vigilantes' Push Italy, Spain Interest Rates Higher - is U.S. Next?

So far, the dispensers of global financial justice -- the bond vigilantes -- have given the U.S. a pass on the budget deficit issue. But that can’t last forever, which is why it behooves Democrats and Republicans to reach agreement on a budget deficit reduction package now, starting with a super committee agreement.
Nov 17, 2011

Oil Pushes Through $100 Level…Again

Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
Nov 16, 2011

Secret Service Finds Bullet That Hit White House Window

The Secret Service said Wednesday that a bullet had been found that struck a White House window from a shot authorities believe was fired five days ago, and they continue to seek a man wanted in connection with the incident. The bullet was stopped by ballistic glass.
Nov 16, 2011

Is It Time for a Better U.S. Banking System?

With a banking sector that seemingly cycles from reticence to lend, lending at prohibitive interest rates, and outright banker-to-banker mistrust (the latest round of which is being driven by renewed concern about Italy's debt), is today's U.S. banking sector where Framer/Founding Father Alexander Hamilton wanted it to be?
Nov 16, 2011

Mario Monti Arrives: The New Italian Technocratic Government

Can anyone bring any sense of fiscal stability and normalcy to the Italian government? Perhaps Mario Monti, center, can -- and all in the European Union, and those who believe in the euro, not just the citizens of Italy, will no doubt be rooting for him.
Nov 12, 2011

Oil Prices: Is Crude About to Push Through $100?

Oil -- the lifeblood of the global economy and a critical factor in the growth of U.S. gross domestic product -- is set Friday to close its longest stretch of weekly gains in more than two years, a counterintuitive trend that belies certain economic fundamentals.
Nov 11, 2011

U.S. Stocks Plunge on Europe’s Debt Woes: What Should Investors Do?

The Dow Jones Industrial Average (DJIA) registered another difficult day Tuesday, plunging 389 points to 11,781 on institutional investor concern that Italy will not be able to service its debt, and that one, and possibly more countries may leave the Eurozone. What's the prudent stance for the typical investor?
Nov 09, 2011

Jobs Report Contains Modest Good News for Seekers

The U.S. economy added a modest 80,000 jobs in October -- below what economists expected -- but job gains for the prior two months were revised higher: September to 158,000 from the initially-released 103,000; and August to 104,000 from 57,000. And the latter suggests a job market that continues to heal.
Nov 04, 2011

Afghanistan War: The Cost of War

The Iraq/Afghanistan Wars have been costly, but the United States' longer trend of spending too much on defense and not enough on public goods over two decades could end up costing the economy and the nation far more.
Nov 03, 2011

U.S. Private Sector Added 110,000 Jobs in October: ADP

The U.S. job market continues to register incremental progress, as the private sector added 110,000 jobs in October, ADP said, with job gains concentrated in the services sector and in small/medium companies.
Nov 02, 2011

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