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Crisis Eats Away At Main Street - The Bulletin
The financial crisis is eating its way into Main Street. A good way of understanding this is to look at the unemployment numbers. In October, we lost 240,000 jobs and the unemployment rate jumped from 6.1 percent to 6.5 percent. For the whole of 2008 ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

Crisis Creates Opening for FDR-Like Economic Overhaul (Update1) - Bloomberg
Nov. 3 (Bloomberg) -- Bill Clinton , said his onetime adviser Dick Morris , never got a chance to prove he was a great president because he never faced a big crisis. No one will be able to say that about Barack Obama or John McCain . Like Franklin ...

Obama's honeymoon with investors over before it begins - Globe and Mail
So much for the Obama bounce. Hours after Senator Barack Obama's resounding presidential victory had Americans heralding a brave new era, the stock market weighed in with its verdict: The economy is still a train wreck, no matter who is in the White ...

Perhaps the financial fire of 2008 will burn off some of the ... - Globe and Mail
Fires start when an ignition source sets off combustible material. Runaway fires occur when that combustible material is linked to vulnerable structures. With all of its interconnected wooden buildings, Chicago was a tinderbox waiting for a spark. As ...

How did we get in this financial mess? - Reality Check
What is one of the effects of low interest rates? Putting on my rocket scientist hat I came up with the answer; more people borrow money. So why is it a surprise that banks, who make money by lending, issue more loans and lend money more easily and ...

The housing bubble in Nevada: How big a slice were ‘subprime ... - Las Vegas Sun
By Alex Richards Mon, Oct 13, 2008 (2 a.m.) The death knell for the subprime loan in Nevada began to sound in 2007. These mortgages, exemplified by relaxed standards and higher interest rates that made it easier for borrowers to qualify, dropped by ...

Storm-Proofing the Economy - Wall Street Journal
This year, after a quarter-century of relatively free-market governance of the economy, the only thing protecting Americans from the complete vaporization of the financial industry has been the United States government. Treasury Secretary Hank ...

An opportunity in a crisis, Mr President - Business Day South Africa
BILL Clinton, said his onetime adviser Dick Morris, never got a chance to prove he was a great president because he never faced a big crisis. No one will be able to say that about Barack Obama or John McCain. Like Franklin Delano Roosevelt and Ronald ...

Check Services - Commodity Online
We are now headed towards a replay of the early 1930s. Not in terms of economic misery, but rather a new FDR – Franklin Delano Roosevelt – striding onto the scene... Dear Taipan Daily Reader, Your e-mails continue to flood in. While we haven’t ...