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Can Obama save the Big Three? - Philiy.comSenate and House hearings that begin Thursday could make or break the American auto industry and pose a major test of whether the White House and incoming Obama administration can work together to save the companies from collapse. The stakes are ...
The liquidity trap - MarketwatchPeople used to boast about hot stocks they owned. Now they crow about how much of their money is in cash. Those holding cash have been richly rewarded with no losses and opportunities to buy assets (condos and equities) at huge discounts. As prices ...
No’ to Obama’s experimental government - Asheville Citizen-TimesOn Sunday night, President-elect Barack Obama told “60 Minutes” that Franklin D. Roosevelt would be a model of sorts for him. “What you see in FDR that I hope my team can emulate is not always getting it right, but projecting a sense of ...
Cramer's 'Mad Money' Recap: Taking Fear Out of the Equation - Street.ComWe need to stop the fear-inducing rhetoric," Jim Cramer told viewers of his "Mad Money" TV show Tuesday. He said that while there are indeed things to fear in the market, Franklin Delano Roosevelt's famous line "the only thing we have to ...
Shopping Season for Uncle Sam - Barron's OnlineTHE GOVERNMENT'S LATEST INTERVENTION IN financial markets -- the $800 billion plan unveiled last week to boost lending to consumers and trim mortgage rates -- hasn't been much more successful than its earlier efforts. While rates on home mortgages ...
Will Obama Turn a Recession into a Depression? - NewsMax.comAs our government moves to spend trillions, taking the unprecedented step of nationalizing the country’s consumer debt, it shouldn’t be lost on us that this crisis didn’t need to happen. What could have been a mild recession isolated largely in ...
Jackson County unemployment hits 9.4 percent - MLive.comThe number of unemployed in Jackson County rose 37 percent in the past year, hitting an unemployment rate reminiscent of the early 1990s. There were 7,100 county residents without jobs in October — 1,900 more than at this time last year, according ...
Economic crisis has led us into uncharted waters - Guardian UnlimitedWill Gordon Brown's latest intervention to stave off home repossessions do much good in the battle to restore economic confidence and stave off deep recession or worse? Will today's expected record cut in interest rates to 2%? I don't know. The ...
Meyerson: Americans are already looking past Bush - Record SearchlightAs he prepares to move back to Texas, our 43rd president is the beneficiary of Bush fatigue. The nation has long since repudiated him. Americans are looking ahead to the promise of Barack Obama. And it's lucky for George W. Bush that they are ...
The Coming Recession - Reason.comAs this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that ...
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