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US Economy

Reflections on Reconciliation: Paradox of Excess & Deprivation

Terry Leach | Posted 05.25.2011 | Business
Terry Leach

I wonder if Captain "Sully" Sullenberger's colleagues' pensions are secure. Somehow, I doubt it. Although airlines were the companies we used to loved to hate, airline employees are part of the family, too.

Banks of America

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Investors must realize that before these financial companies can begin to return profits to their investors, the government must get paid back first.

Inflation Slows To Half-Century Low In 2008

Reuters | Posted 05.25.2011 | Business

Inflation slowed to a half-century low last year and industrial output fell for the first time since 2002, data showed on Friday, as the recession dee...

A Green Future for All Americans

Gavin Newsom | Posted 05.25.2011 | Green
Gavin Newsom

As Obama's new energy plan takes shape we should look to innovative companies like 1BOG and programs like GoSolarSF that provide opportunities for all communities in a new green economy.

Create Jobs Now, but Build Skills for the Future

Julian L. Alssid and Davis Jenkins | Posted 05.25.2011 | Business
Julian L. Alssid and Davis Jenkins

Unless the stimulus can be leveraged to revitalize our education and workforce systems, the downturn will likely accelerate the recent trend in which the only good jobs go to those who have training beyond high school.

Sorry, America, There's No Quick Fix

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

If the economy weren't such a mess, it would be fun to just laugh at the howling of diametrically opposed views every day on how to fix it.

Economists: Recession Will Be Longest Since World War Two

Reuters | Emily Kaiser | Posted 05.25.2011 | Business

The U.S. recession will probably be the longest since World War Two and could worsen without heavy government spending, according to a closely-watched...

The Post Crazy Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

The Case For Urgent Action

The Progress Report | Posted 05.25.2011 | Home
The Progress Report

To receive The Progress Report in your email inbox everyday, click here. Today, President-elect Obama delivered a speech at George Mason University i...

Same Old, Same Old -- No Change

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

We suffer not from a lack of confidence in the economy, but from a lack of confidence in a government that continues to cut taxes, borrow and spend, and refuses to engage in globalization.

China Losing Its Taste For US Debt

New York Times | KEITH BRADSHER | Posted 05.25.2011 | Business

China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at ...

Obama Planning "Substantial Overhaul" For Financial Markets

CNBC | Posted 05.25.2011 | Politics

President-elect Barack Obama told CNBC he plans "a substantial overhaul" of financial markets in the coming months, including a major restructuring of...

Get Business Tax Cuts Out of the Stimulus Plan

Ross Eisenbrey | Posted 05.25.2011 | Politics
Ross Eisenbrey

The money in this economic stimulus package is a small down payment on what is needed to give the U.S. the world class infrastructure we need.

Fed's Outlook Darkens On Economy

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Business

Policy makers at the Federal Reserve appeared almost stunned by an economy that was sinking faster than they had expected on almost every front in Dec...

It Gets Worse

Gina Nahai | Posted 05.25.2011 | Business
Gina Nahai

It's a moral outrage that colleges and universities around the United States have devoted their energies to enlarging their endowments at the expense of the education and well being of their students.

Pssst, the Economy Is Collapsing -- Don't Tell Congress

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

This stimulus package should have been approved two months ago, but for whatever reason no action has been taken. There is no reason that the public should be forced to wait until mid-February.

Some Economists Predict Recovery By Summer

New York Times | LOUIS UCHITELLE | Posted 05.25.2011 | Business

Economics as the dismal science? Not in some quarters. In the midst of the deepest recession in the experience of most Americans, many professional ...

Bush/Cheney: Dinosaurs of the Old Economy

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The legacy of Bush and Cheney are inextricably tied to the survival of the old fossil fuel economy. Their assignment was clear: defend and protect at ...

Revolution Now

Richard Stuebi | Posted 05.25.2011 | Green
Richard Stuebi

I prefer an interpretation similar to what I've seen from a number of sources in recent weeks: that innovation and ingenuity are in fact amplified during difficult times.

Are Americans Becoming Less Acquisitive?

Marlene H. Phillips | Posted 11.17.2011 | Healthy Living
Marlene H. Phillips

Standing in the nearly empty mall observing the lack of buying interest, I wondered if maybe the American way of measuring status by stuff and price tag is getting turned upside down.

2008 Could End Up Being Worst Year Ever For Wall Street

Reuters | Leah Schnurr | Posted 05.25.2011 | Business

As the stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark possibility: 2008 could be the wors...

Holiday Retail Sales Plummet Despite Price-Slashing

Wall Street Journal | ANN ZIMMERMAN, JENNIFER SARANOW and MIGUEL BUSTILLO | Posted 05.25.2011 | Business

Price-slashing failed to rescue a bleak holiday season for beleaguered retailers, as sales plunged across most categories on shrinking consumer spendi...

Free Fall: December 2008.

Giles Slade | Posted 05.25.2011 | Business
Giles Slade

Here, at the end of the Bush years, the bottom has suddenly dropped out of the world and Americans are in mid-fall, struggling to stay upright and wondering when it will end.

Ethanol and Water, Part Two

Robert Glennon | Posted 05.25.2011 | Green
Robert Glennon

As the ethanol boom has continued, I've seen new corn fields in Arizona and California where farmers water the fields with groundwater. Foolishness, oft repeated, does not become wisdom.

Conspiring Against Consumerism at Christmas

Tri Robinson | Posted 05.25.2011 | Green
Tri Robinson

In the midst of these tumultuous economic times in our world, it's curious how our culture perceives increased consumption as the answer to this problem.