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David Brooks: The formerly middle class - International Herald TribuneAt the beginning of every recession, there are people who see the downturn as an occasion for moral revival: Americans will learn to live without material extravagances. They'll simplify their lives. They'll rediscover what really matters: home ...
November 2008 - Posts - MSNBC FirstreadFor the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...
The Financial Literacy Crisis - US News and World ReportFor many Americans, talking about money is at least as uncomfortable as discussing sex. A recent Charles Schwab study found that most parents felt better prepared to give their teens advice on the "birds and the bees" than on investing. That taboo ...
ANALYSIS-Credit card weakness a vicious cycle for lenders - FXStreet.comNEW YORK, Nov 19 (Reuters) - Efforts by large U.S. credit card issuers to gird for historically high customer defaults may actually make the global credit crisis worse. A seizure of global credit markets has left issuers unable to sell to investors ...
Change We Don't Want to Believe In: Renaming Capitalism - Huffingtonpost.comThis financial fiasco has sent us scrambling, not just for the exit, but for definition of our condition. Think of our country as a giant scrabble board on which we are all trying desperately to find the winning word, a new word that ends in "ism ...
Dear Mr. President - Barron's OnlineROLL UP YOUR SLEEVES, MR. PRESIDENT-ELECT . America's financial crisis has become so dire that you must act now, not after the swearing-in ceremony on Jan. 20. Don't worry; there still will be plenty of restoration work remaining after the inaugural ...
Busted Bubble - Common DreamsOver the summer, the country's two mortgage giants, Fannie Mae and Freddie Mac, collapsed, marking the definitive bursting of the housing bubble that began in the mid-1990s. Although it was the second major economic bubble in less than a decade, most ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
In the News - Opensecrets.orgLike the Energizer Bunny, Barack Obama's $640-million fundraising machine is still going and going, now soliciting private donations to make the Democrat's transition to the White House as smooth as possible. By setting up a nonprofit corporation ...
Saving GM may be a key for energy independence - Midwest VoicesGeneral Motors for years made its living by producing fuel gulping trucks and SUV's. Critics say management made bad decisions and should suffer the consequences. Maybe. But there is more to the story. It's also true that GM for many years has been ...
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