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A top white-collar defense attorney tells all
Herbert Stern, 75, dishes on his colorful career as the prosecutor who tamed the most corrupt state in the nation, New Jersey.
FORTUNE -- No regular event on my calendar is more richly entertaining than my monthly dinners with a beloved friend from prep school, Alan Marcus. The setting is invariably the Post House, a steak restaurant on Manhattan's Upper East Side. The stories are as predictable as the venue. Alan MORE
Shawn Tully, senior editor-at-large - Oct 31, 2012 8:58 AM ET -
Are dividend stocks in a bubble?
In a word, no. Despite a run-up in prices, high-yielding equities are still a good deal -- as long as you're selective.
FORTUNE -- Lowell Miller isn't your standard slick Wall Street mogul. A sandal-wearing self-described "reformed hippie" who once wrote poems for Rolling Stone, the 64-year-old runs a thriving $4 billion investment business in, of all places, the bohemian hamlet of Woodstock, N.Y. Asked the obvious question -- "Were you MORE
Shawn Tully, senior editor-at-large - Oct 29, 2012 5:00 AM ET -
Housing is indeed heading higher
As Fortune predicted last year, a robust recovery in home prices is under way.
FORTUNE -- In spring 2011 this writer penned a controversial cover story titled "The Return of Real Estate" that predicted a strong rebound in housing. At the time, prices and sales were still tumbling, and the prevailing view among economists and pundits was that the slide would drag on and on. But Fortune's contrarian forecast proved right. MORE
Shawn Tully, senior editor-at-large - Oct 18, 2012 5:00 AM ET -
Sheila Bair: "I'm sure Vikram still blames me"
Fortune columnist and former head of the FDIC Sheila Bair discusses the ouster of Citi CEO Vikram Pandit.
FORTUNE -- Sheila Bair, head of the FDIC during the financial crisis, was strongly critical of Vikram Pandit in her new book Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself. Bair was appalled that Pandit, a hedge fund manager, was chosen to rescue one MORE
Shawn Tully, senior editor-at-large - Oct 16, 2012 12:00 PM ET -
It's time to break up the Euro
Don't believe the politicians. The common currency can't survive as is. Here's the right way to handle a split.
FORTUNE – Roger Bootle prides himself on being something of a modern-day Nostradamus -- with good reason. In 1999 the British economist predicted a bursting of the dotcom bubble, and in his 2003 book, Money for Nothing, he forecast a worldwide crash in housing that would prove dire for the financial system. MORE
Shawn Tully, senior editor-at-large - Sep 25, 2012 5:00 AM ET -
What happens when kids run America's democracy
Fortune found out when it turned over the electoral college to four children as part of the board game The Presidential Game.
FORTUNE -- Though America's youngsters are unlikely ever to adore C-SPAN or riff on Medicare, a new board game is getting kids pumped about politics. It's the Presidential Game, virtually the only entry that's centered on Presidential elections. Amazingly, it makes a sport of mastering the math and strategy MORE
Shawn Tully, senior editor-at-large - Aug 30, 2012 1:50 PM ET -
Where's all that government spending really going?
You might be surprised how the math actually adds up.
FORTUNE -- It's well-known that government spending has grown rapidly in the three-and-a-half years since Barack Obama succeeded George W. Bush as president. It's also clear that since GDP hit bottom in early 2009, economic growth has proven exceedingly weak compared with the rapid ascent from past downturns.
Now, a debate is raging over whether the big jump in outlays filled a MORE
Shawn Tully, senior editor-at-large - Aug 27, 2012 12:01 PM ET -
Centerview Partners: Small bank, big influence
Why this boutique investment bank matters on Wall Street -- and beyond.
FORTUNE -- As big investment banks wrestle with tarnished reputations and accusations of conflicts of interest, the allure of Wall Street boutiques only grows. They offer advice -- nothing else -- and have none of the other operations, such as trading, that breed conflicts. One firm little known outside of financial circles, Centerview Partners, has become a key player. MORE
Shawn Tully, senior editor-at-large - Aug 27, 2012 5:00 AM ET -
Paul Ryan, a $15 Thai dinner, and me
What I learned from conversations with the Republican vice presidential candidate before he took the national stage.
FORTUNE -- I first met Paul Ryan at his office in the Longworth House Office Building on a frigid evening Wednesday in late February 2010. The reception area featured frayed burgundy carpeting and the model of a giant cheese wedge, saluting Wisconsin's prized product. The reed-thin Congressman appeared coatless with a pen behind his MORE
Shawn Tully, senior editor-at-large - Aug 15, 2012 12:39 PM ET -
Two legends in economics wrestle over the euro's future
In one corner, Robert Mundell, 79. In the other, 84-year old Allan Meltzer. Two respected economists on opposite sides of the euro debate.
FORTUNE -- Robert Mundell and Allan Meltzer rank among the most influential economists of the past half-century. Mundell, a professor at Columbia University, garnered a Nobel Prize in 1999, in part for his work in defining what he calls "optimum currency areas." No academic has ever enjoyed such MORE
Shawn Tully, senior editor-at-large - Aug 9, 2012 5:00 AM ET
Shawn Tully has been writing feature stories for Fortune since 1980. He's covered stories as varied as the Vatican's finances, the exile of fugitive commodities trader Marc Rich, and the disastrous merger between Guidant and Boston Scientific. He specializes in banking, federal budget and spending issues, and health care. Tully holds a B.A. in English from Princeton University, an M.B.A. from the University of Chicago, and a master's in Applied Economics from the Universite Catholique de Louvain in Belgium.
