Heidi N. Moore is The Guardian's U.S. finance and economics editor. She was formerly the New York bureau chief and Wall Street correspondent for Marketplace.
Prior to joining Marketplace, Moore was a reporter for the Wall Street Journal, where she was the lead writer for the paper’s award-winning Deal Journal online and daily newspaper column during the height (and depths) of the world financial crisis. In addition, she wrote an analysis of banks and mergers and broke news of SEC investigations, big acquisitions, and Barclays Capital buying most of Lehman Brothers out of bankruptcy. Before that, she was U.S. Bureau Chief for London-based, Dow Jones-owned weekly newspaper and daily website, Financial News. For six years, she was a senior writer covering Wall Street banks and power brokers for The Deal magazine.
Moore’s articles on Wall Street banks and finance have been published in The New York Times, Washington Post, New York Magazine, Financial Times and Slate.
Moore is a graduate of Columbia University and a native New Yorker. In her free time, Moore enjoys running and traveling.
Features by Heidi N. Moore
Here at the Aspen Ideas Festival, we may be seeing the start of a meme about America's financial place in the world.
Here's the conundrum: The U.S. economy is finally on the road to an excruciatingly slow recovery. In fact, we're far better off than most of the rest of the world - particularly Europe and China - as their economies struggle with the prospect of recession. Investors keep buying Treasury bonds because America's economic future is considered a safe haven.
If you think we should celebrate being ahead of most of the world, you should listen to what economists are saying about us.
Most, they're searching for metaphors to describe how really, we're no great shakes after all. (See our piece from September 2011 to find one of the earlier examples, from our own pens.)
I've compiled a couple of the better ones I've heard here at the Aspen Ideas Festival and on Twitter.
"We're the best-looking horse in the glue factory." - Richard Fisher, president of the Dallas Federal Reserve, to Maria Bartiromo at the Aspen Ideas Festival.
"We're the best-looking horse in the glue factory." - Erskine Bowles in 2010
"The U.S. is the least-dirty shirt in the laundry basket." - Simon Johnson, economist, to Kai Ryssdal at the Aspen Ideas Festival.
"We're the least-dirty shirt. The world is full of dirty shirts." - PIMCO's Bill Gross to Bloomberg, 2010
"The US is the fastest camper outrunning the bear." -Ian Bremmer, president of the Eurasia Group, joking on Twitter.
Try out your own witty contributions in the comments below. I'll tweet the best ones.
Aspen, Colorado, is. on the surface, a 1% kind of town. The small local airport is filled with the sleek, blank white bodies of private jets. A trip of more than three blocks, joked one of my Twitter friends today, requires a limousine. Gucci and Louis Vuitton pepper the stores, even if most of the people are dressed in khakis and button-downs.
But that's not the whole story of Aspen. It's also a working town, a town where a considerable local population works to maintain the economy. The symbiosis of rich and middle-class here results in a surprising lack of class resentment; maybe, like the Aspen trees the town is named for, the residents realize that their experiences here are interconnected by the roots, that they share a common soil. Maybe it's also because Aspen is a town where almost everyone seems to be passing through - the wealthy on their vacations, many of the workers here for a summer or a couple of seasons or a year or so.
The Aspen Institute is one of the few stalwarts of permanence in the town. It was founded in 1950 to foster ideas and open thinking, and for the past eight years, has run its Aspen Ideas Festival for two weeks every summer. In hourlong sessions, conferences, tutorials and outings, the attendees devote themselves to a kind of cultural core curriculum: where is our society going? What can we learn from it? And how can it be better?
Marketplace has had a presence at the Ideas Festival in recent years -reporting and broadcasting live - and we do again this year. I'll post regular updates about the best ideas and discussions we're hearing here - often things you won't hear anywhere else. Check back often.