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Credit Crunch

How to End the Recession

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.

Federal Spending Out of Control

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

It is not the "government" that hands out these bailout packages and money for projects. We must recognize that government has no money that isn't ours.

A Credit Crunch Christmas: Lessons for Next Year

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

I wondered how the six kiddies in my family would take their first - but certainly not last - credit crunch Christmas.

We Were Punked

David Sirota | Posted 05.25.2011 | Politics
David Sirota

What I and other bailout opponents have been saying is that bailout backers sensationalized a real problem to create the belief that if we didn't do something unfathomably unprecedented, the world would end.

Getting Grounded: An Agenda for the Near Future

Bob Jeffrey | Posted 05.25.2011 | Politics
Bob Jeffrey

Discussing good works is fine, but what counts will be values-driven decision-making that puts the communal good, good works and good results at the top of the agenda.

Chavez After the Oil Boom

Francisco Toro | Posted 05.25.2011 | Home
Francisco Toro

It's the oil-fueled spending boom that accounts for the popularity of the Chavez regime, and there's nothing progressive about it.

End the Bailout

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.

This Guy Predicted The Financial Crisis And Was Derided For It (VIDEO)

Atlantic | Andrew Sullivan | Posted 05.25.2011 | Business

Watch the contempt from Fox News for Peter Schiff over the past two years: I feel his pain. His economic sense and foresight escaped me. But politi...

Washington Overreacts

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Have you noticed our politicians so often do exactly the wrong thing? They mean well, but in their haste to propitiate us, the voters, they cause more damage than good.

Why the Stock Market is Cheap Now

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

We are seeing some of the best stock valuations in the last century. Once fear of illiquidity dissipates, the stock market will get back to normal levels.

Cash is Not King

Alan Schram | Posted 05.25.2011 | Home
Alan Schram

If you do not find stock prices cheap now, with the market pulverized 45% in the last year, then you probably should never own stocks.

Credit Crunch and the Money Supply

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Imagine a world in which Uncle Sam is the monopoly supplier of bananas, in the same way that he is now the monopoly supplier of money; eventually people will become anxious about future decisions of the banana board.

Greenspan Calls Crisis A "Credit Tsunami" (VIDEO)

AP, C-SPAN | Posted 05.25.2011 | Business

Greenspan told the House Oversight Committee on Thursday that his belief that banks would be more prudent in their lending practices because of the ne...

The Anatomy of the Financial Crisis and Why We Must Get It Right

Mort Zuckerman | Posted 05.25.2011 | Business
Mort Zuckerman

The danger is that politicians, who have little understanding of the financial world, may draw the wrong conclusions from Wall Street follies and make the wrong decisions as they try to revive our financial system.

Layaway Is Making A Comeback Amid Credit Crisis

The Wall Street Journal | MIGUEL BUSTILLO | Posted 05.25.2011 | Style

Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit car...

Don't Kill the Planet in the Name of Saving the Economy

Johann Hari | Posted 05.25.2011 | Green
Johann Hari

To get out of the credit crunch, we need a big package of job creation and economic stimulus. To get out of the climate crunch, we need an army of millions of new workers -- and billions in public spending.

Depression Economics Explained, Part 2: The Credit Crunch

Zack Exley | Posted 05.25.2011 | Business
Zack Exley

People are desperate for an explanation of the economy that actually makes sense and they're not getting it from the experts.

Layoffs Expected At Tesla Motors As CEO Replaced By Elon Musk

Treehugger | Michael Graham Richard | Posted 05.25.2011 | Green

It's not a 100% official yet, but a few sources are reporting that something big is happening at Tesla Motors, makers of the electric Roadster who hav...

No Guarantees That Credit Will Flow After Global Meetings

New York Times | Floyd Norris | Posted 05.25.2011 | Business

At the end of a weekend when nearly all of the world's major bankers and finance ministers gathered in Washington to stanch the global credit crisis, ...

Iceland Looks For Overseas Help In Dire Financial Crisis

Reuters | Posted 05.25.2011 | Business

REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financia...

Forcing Paulson to Be a Businessman, Not a Crony Communist

David Sirota | Posted 05.25.2011 | Business
David Sirota

Those of us who opposed the bailout said, the way to deal with a credit crisis is to actually, ya know, deal with a credit crisis, and not use it to enrich Wall Street executives.

Breaking The Fever: Could This Crisis Also Be The Cure?

The Washington Independent | Satyajit Das | Posted 05.25.2011 | Business

The first phase of this cure is reduction of debt throughout the financial system. So far, overall losses to financial institutions are $400 billion t...

Financial Crisis Opinions: Experts Weigh In

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

Here are brief excerpts from financial experts around the world weighing in on today's stomach-turning economic action. Click the expert's name to rea...

Christopher Hitchens' Economic Assessment: United States Is A "Banana Republic"

Vanity Fair | Christopher Hitchens | Posted 05.25.2011 | Business

But still, the chief principle of banana-ism is that of kleptocracy, whereby those in positions of influence use their time in office to maximize thei...

Buying A Car? Bring Cash

New York Times | Bill Vlasic and Nick Bunkley | Posted 05.25.2011 | Business

DETROIT -- The few consumers who are buying new cars are being forced into bigger down payments or all-cash deals in the latest sign of how the credit...