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More Jobs Pain Ahead

Forget about the credit crunch and falling house prices. The job market is the biggest economic problem -- and it's likely to get worse before it ge[...] read more »
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U.S. governors seek $1 trillion federal assistance

Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country's 50 states to help pay for education, welfa[...] read more »
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Warren Buffett loses 9.6 Billion in one stock

He has lost more value in his stock than the CEO of any other publicly traded company. The current tally on the paper loss is $9.6 billion. read more »
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Greenspan: Financial crisis is ‘credit tsunami'

Former Federal Reserve Chairman Alan Greenspan says the current financial crisis is a “once-in-a-century credit tsunami” which will have a severe imp[...] read more »
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Weak Japan data adds to recession fears

Weak Japanese exports and poor corporate earnings provided more evidence of the economic damage wrought by the global financial crisis, knocking Asia[...] read more »
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Intelligent Investing Party On This is No Depression

Crisis Calamity Depression John Jacquemin, of Mooring Financial, notes that the local Starbucks isn't filled to the brim with people anymore.
$5 c[...] read more »
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Meet Ben Bernanke, Depression scholar, unlikely superman.

Bernanke, instead, grew up to become Finance Man. Well, OK, a guy in tights with an F stamped on his chest is not the image that immediately comes to[...] read more »
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Wealthy Shop Low End as Crisis Bites

Wealthy Americans are rubbing shoulders with the masses in low-end retailers such as Costco Wholesale (COST.O: Quote, Profile, Research, Stock Buzz) [...] read more »
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Adbrite Lays Off 40% Of Staff, Including Two Execs

It's not a happy day at San Francisco-based Adbrite this morning. The company is laying off 40 employees, which is 40% of total staff. Among those t[...] read more »
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CIT Group's 3Q loss widens, restructuring unit

Financial-services company CIT Group Inc. said Thursday third-quarter losses widened due to significant charges related to the company's vendor-fina[...] read more »
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Suppose that Every Day Ten Men Go Out For A Beer

Suppose that every day ten men go out for a beer and the total bill for all 10 comes to $100. If they paid their bill the way we pay our taxes, it w[...] read more »
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Stricter regulation of business sought, Americans say

Ian Bagley thinks he pays too many taxes, says welfare rolls need to be reduced and believes the private sector usually does a better job than the pu[...] read more »
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Retail sales, inflation fall; factories weak

Retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index star[...] read more »
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The Socialism Of Bankers

The world's capitals are already full of boring people, the only ones who can afford it, who work impossible hours in order to make everyone else wo[...] read more »
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FY 08 budget deficit swells to record $455 billion

The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemp[...] read more »
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