As the year and the decade draw to a close, I'm strangely optimistic. True, there are many reasons for pessimism. But over the past week, I have found reasons to at least be cheerful in popular entertainment.
Anyone who thinks the U.S. is headed back to normality in terms of economic growth and employment is simply not looking at the facts.
On Thursday December 10, 2009, in the dark of night in Washington D.C., the U.S. House of Representatives was overcome with amnesia. They acted as though the financial crisis never happened.
The games that have been legalized market to those on the "wrong side of the economic table." There have been few, if any, moves by states to monitor the losing of their lottery customers.
Karen wishes only for some money, peace of mind and to get into her new residence. It's a shame that we can't provide solutions for people like Karen who are simply transitioning and trying to make the right choices.
I wish to make clear that this is purely hypothetical. If anything like this actually happened, I was not in the room. Therefore, I ask you to consider it as purely a supposition.
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
Here in southeast Michigan the recession feels more like depression. The region's unemployment rate is 17% and rising. Already, it is the highest jobless rate of any metropolitan area.
Reporters, journalists, and correspondents ideally report all sides of a story...When a reporter panders to the industry they are covering they do a disservice to the public that turns to them for the truth.
Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.
These eight factors caused the current financial debacle: greed, quest for yield, failure of rating agencies, rising housing price expectations, 'pulse and pen' lending, excessive leverage, derivatives and a 'holy alliance' turned unholy.
It's easy to poke holes in the work of elected officials and other policy makers. But all these folks will tell you that governing is exponentially ha...
Despite promises of relief from the U.S. Department of the Treasury, policymakers, and lenders, our homes are still being foreclosed at record levels....
Now that you've submitted a five-point plan to the Jobs Summit (the "official" position of the labor movement), it is time to plan a return-trip to the White House for a less formal session with President Obama.
As a result of good, old-fashioned political pressure, the financial reform bill that the House will vote on on Friday has become a dark horse for job creation and housing assistance.
Investors love to flagellate themselves. In retrospect, the crash of 2008 seems so predictable. After all, wasn't the housing bubble just waiting to burst?
Two of the most important decisions any of us ever make is where we decide to live and what job we choose to accept. Rush hour traffic, however, proves how wrong we all can be.
With 7 million properties currently either vacant or in foreclosure, the country cannot afford more residential lending mistakes. Caution: former subp...
Last September, in arguing against passage of the Emergency Economic Stabilization Act that created TARP, I hedged: Government action is absolutely n...
