MODESTO, Calif.--As a driver for United Parcel Service and an Apple fan, Jeff Maciel is in an interesting position to observe how Central California's San Joaquin Valley is coping with a deepening recession just as Apple moves into the neighborhood.
Professional pessimist James Rickards outlines four scenarios in which the recession could become another Great Depression, or worse. Pick your poison: Bait effect. China syndrome. Existential crash. Alternate dollar.
With a destroyed industrial infrastructure, forced to live on imports and on credit: Karl Marx predicted as much, but at least now with Neocons, Christian Right, Conservatives, and Trigger Happy Grudge Match Texas out of power, we can reframe questions about economic restoration; …
Once again the Fed in its wisdom has implemented a Mortgage, Re -fi program that will only help those with credit scores in the 760 + range..
One of the arguments that has been given regarding why we shouldn't just let the market decide the sustainability of the Big Three U.S. automakers is that if one or more should go into bankruptcy no one would buy those vehicles.
PLEASE TAKE THE TIME TO READ ALL OF THIS, COMMENT ON IT,REDDIT, BUZZIT UP, ETC., PERHAPS THE MOST IMPORTANT ARTICLE I HAVE PUT TOGETHER IN ABOUT SIX MONTHS. I welcome your comments and insights. Thank you!
November 18, 2008 —
US bank Citigroup has announced plans for about 52,000 new job cuts, on top of 23,000 cuts already made this year. More Articles
As merely one of approximately 3 1/2 million Americans who have at some point experienced an extended period of homelessness, I'm queried from time to time by family members confessing, "I don't understand why you can't just 'get a job'?" Human nature being what it is I suppose; …
UNITED STATES - College and university students are suffering the worst financial climate in decades as the United States economy continues to slump. Traditionally, U.S.
The financial crisis is likely to diminish the status of the United States as the world's only superpower. On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially.
Prelude: Out among the collapsed financial institutions orbiting Jupiter, the spacecraft "Economy" and the enigmatic Federal Reserve still float in the silent depths of space, mute witnesses of the mysterious disappearance of the housing market that was in full existence 9 years …
Another REAL conservative's opinion.
Europeans are concerned about how U.S. conomy will impact some of the less secure European economies and offer suggestions on where the faults lie that produced the catastrophe.
Former Fed chairman Alan Greenspan was on Sunday's "This Week" and told George Stephanopoulos that the current financial crisis is a "once in a century" eventwhich he wouldn't bet on leading anywhere except to recession.
Diplomacy is a critical political tool. Continued discussions toward peaceful solutions with adversarial nations prepares a path for global citizens and worldwide economic development. But at what cost to American taxpayers?
Of all the terrorist threats facing the United States, one stands in a category by itself. If al-Qaida set off a nuclear bomb in a U.S. city, there would be hundreds of thousands of casualties and a landscape uninhabitable for years to come.
"With the economic news of the week of July 14—the continuing crisis among mortgage lenders, the onset of bank failures, the announced downsizing of General Motors, the slide of the Dow-Jones below 11,000—we are seeing the ongoing collapse of the U.S. economy.
"When Senator John McCain was asked here this afternoon how he plans to balance the budget, he said that he hoped to do so by stimulating economic growth - and approvingly cited the example of President Ronald Reagan," the New York Times reports.
Wondering how consumers are coping in such a troubled economy? Look at what's selling instead of which sales are tanking.
By THOMAS L. FRIEDMAN Published: May 21, 2008
Two years ago a leading economist published a study provocatively titled: "What would $120 oil mean for the global economy?" Answer: a global recession, if the price stayed there for a year.
This week, readers are looking for a straight answer to what seems like a simple question. Is the U.S. in recession or not? Okay, the answer is "Yes, it is simple question." After that, things get a little more complicated.
Interesting article discussing the tell-tale signs of the recession. Should that be with a small R or large R?