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US Economy

Note to Wall Street: "It's the Women, Stupid"

Marie Wilson | Posted 05.25.2011 | Business
Marie Wilson

Women have been disproportionately impacted by economic distress: they're the first ones to lose their jobs during cutbacks, and they're the primary caretakers for their families in cash-strapped times.

Why We Should Pay Attention: The Facts About the Mideast Nuclear Scare

Eric Margolis | Posted 05.25.2011 | Politics
Eric Margolis

Much of the media, which does not understand the military issues involved, and exaggerates the dangers in the Israel-Iran confrontation, bear much of the blame. So here is some clarification.

The Short-Sighted Double Standard

George Cloutier | Posted 05.25.2011 | Business
George Cloutier

Why should small business get nothing while Wall Street benefits? It's shortsighted, and it will only serve to speed the spiral effect of the economic downturn as these enterprises stop investing, and continue to lay off workers.

The Shampoo Economy

Jared Bernstein | Posted 05.25.2011 | Politics
Jared Bernstein

Our system of borrowing, lending, and financing investments by both businesses and households is a national treasure, one which we have squandered in recent years.

Obama: Stay Home and Focus on the Struggling U.S. Economy: Europe Will Always Be There

Robert Guttman | Posted 05.25.2011 | Politics
Robert Guttman

Obama's trip to Europe at this time seems inappropriate. Right now people in the U.S. are afraid every day about the next economic disaster that may hit us.

All is Not Well in Silicon Valley

Aaron Greenspan | Posted 05.25.2011 | Business
Aaron Greenspan

MySpace and Facebook have utterly failed to improve any significant aspect of the American economy -- and have "succeeded" at wasting millions of manhours that could have gone toward boosting our national productivity.

How to Get the Economy from its Vicious to a Virtuous Cycle -- But Radical Righties Won't Let it Happen

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

By restraining spending via pay-as-you-go, and taking in more revenues through higher taxes on the wealthy, Clinton and Bush Sr. caused interest rates to come down, and the economy took off.

My Talk With Bob Reich: Only Democrats Can Save Globalization from Republican-Generated Backlash

Nathan Gardels | Posted 05.25.2011 | Business
Nathan Gardels

Robert Reich: "Capitalism has always required regulation in order to ensure against fraud and excessive speculation. Greenspan allowed the economic crisis to happen because he believed that capitalism was self-correcting."

Give Me A Lever Long Enough...

Lapham's Quarterly | Posted 05.25.2011 | Business
Lapham's Quarterly

The leveraged buy-out allows small, private firms to purchase and take control of enormous corporations, generally with non-existent money -- and to pocket fortunes.

A Young Entrepreneur on Bank Failures and Small Business

Scott Sinclair | Posted 05.25.2011 | Business
Scott Sinclair

In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.

Stocks end lower amid worries on Fannie, Freddie

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday _ stocks tumbl...

Phil Gramm Is Conservatism

Bill Scher | Posted 05.25.2011 | Politics
Bill Scher

This is conservatism. The insistence that your economic dissatisfaction is illegitimate, and can only be explained by a brainwashing from the media or politicians

Ben Bernanke: Socialist

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

Poor lending standards have led to the collapse of communities and harder times for cities, beyond Bear Stearns. Shouldn't they be getting some help too?

Artificially Low Interest Rates, Pre- and Post-9/11

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

The rogue ship I mentioned four years ago, Fannie Mae, has finally capsized and the results are seeping into inflationary expectations for the dollar (bad) and gold (good).

Iraq Is The Economy, Stupid

Alan Fein | Posted 05.25.2011 | Politics
Alan Fein

Every day, pollsters ask voters to rank issues, separating "the Iraq war" from "the economy," as if they have nothing to do with each other. In fact, they have everything to do with each other.

Is the GOP Really the Party of Free Trade?

William Bernstein | Posted 05.25.2011 | Politics
William Bernstein

Obama is highly intelligent, highly trained -- and he knows full well that the nation as a whole benefits from free trade, even if substantial minorities are harmed by it.

McCain Pledges Allegiance to NAFTA

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Across the world, the revolt against the corporate trade model is growing. In the US, a majority polled in a January 2008 agreed that globalization has been bad. McCain simply doesn't get it.

The Vanishing Middle Class

Robyn Blumner | Posted 05.25.2011 | Politics
Robyn Blumner

We now live in a country where there is no financial margin for most families to fall back on in case someone gets sick or a job is lost: life is far riskier than during the 1970s' economic crisis.

The U.S. Recession, the Dollar and Why Bush Wants to Bomb

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

I had a chance to talk about the U.S. economy, the dollar and oil as it relates to Iraq and Iran this week with Afshin Rattansi on Iran's press TV (oh...

Up Your Consumer Confidence!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

After all the windbaggery, all the "news" offered by the desperate people who work in the media business, there is still every reason to have confidence. Wait until things get better; they always do.

Oh, I Get It, Democrats Are The B-Team

Suzanne O'Keeffe | Posted 05.25.2011 | Home
Suzanne O'Keeffe

The Democratic leadership's latest move giving Bush & Co. billions more dollars for the fraud-based war and occupation of Iraq is Shakespearean: The good guys, turns out, are working with the bad guys!

Democrats Plus Unions Equals Better Wages

Robyn Blumner | Posted 05.25.2011 | Politics
Robyn Blumner

Our nation is increasingly becoming one of haves and have-nots, mired in income inequality more severe than at any time since the days of robber barons.

Oil or Water ... The Only Answer Is Less Consumption

Perry Yeatman | Posted 05.25.2011 | Green
Perry Yeatman

If there is a lesson we can take from once dominant US industries it is that we have to find new models for economic growth. We have to learn to do more with less.

Inflation jumps by biggest amount in 6 months

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Soaring energy costs pushed inflation up in May at the fastest pace in six months. Food costs kept rising, too, and all signs are p...

Trade deficit jumps to highest level in 13 months

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The trade deficit soared to the highest level in more than a year as an improvement in exports was swamped by record-high levels of...