Posts Tagged ‘economy’

According to an Associated Press-AOL Health poll, over half of those with debt (i.e., everybody) reported some physical effects of debt-related stress, from muscle tension to migraines, all the way to ulcers and heart attacks.
That’s it, Congress, the credit crisis is now a national economic and health problem.
That’s it, consumers, pay off the debts and [...]

Prices up, home values down, employment dropping slowly and wages lagging: a consumer nightmare. Consumers being squeezed from two sides | MSNBC

Tracy Warren was a quality-control consultant for Bear Stearns and other mortgage security purchasers on Wall Street. Her job was to review mortgage loans to determine whether they had merit for investment purposes. (She saw the loans after they were made, but before they were sold to investors and led to the national economy’s crash-and-burn [...]

Deregulation refers to the point at which the U.S. government threw up its hands and said “all right banks, power companies, airlines, etc., do whatever you want!” and the deregulated industries had a big party. Eminent jurist and economic theorist Richard Posner says that might have been a mistake: “a tighter ceiling should be placed [...]

What is your contingency plan if the worst were to happen? In the present economy, everyone needs a backup plan.
CNN has a story on Patricia Guerrero, a single mother of two living in Altadena, California. Until Februry, when she was laid off, Guerrero made $70,000 per year. That is a pretty good salary, but not [...]

Let’s use the $150 billion currently proposed for rebates and corporate welfare to instead fund an 18-month infrastructure and government-efficiency initiative. That is what Bob MacNeal says in today’s StarTribune. I couldn’t agree more. The analogies to the WPA, Roosevelt, and the depression are quite apropos. We have an economy largely destroyed by rampant unregulated [...]