They may be too young for Iraq, but think how they could be America's Plan B when the Bush stimulus check plan fails! If we could get every other kid in the country into shopping camp this summer, goodbye recession!
Robyn Blumner | Posted 07.01.2008 | Politics
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.
AP | ELLEN SIMON | Posted 06.24.2008 | Business
NEW YORK — U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and ...
Jared Bernstein | Posted 06.22.2008 | Politics
I know, "infrastructure" sounds really unexciting, not nearly as cool as a Mars probe or as obviously essential as health care reform. But investing in roads, bridges, water systems, schools, and other public goods is a critical need, and one that won't be met by the private sector. What's more, it's got some real political currency right now. In the short run, infrastructure investment could offset the cyclical downturn we're in immediately, and replace the demand lost to the coming downturn in consumer spending.
Reuters | Pedro Nicolaci da Costa | Posted 05.27.2008 | Business
Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous abou...
Hale "Bonddad" Stewart | Posted 05.08.2008 | Business
In light of declining job prospects, record oil and food prices and a slowing economy, it just doesn't seem like the consumer spending will increase in a big way anytime soon.
AP | MARTIN CRUTSINGER | Posted 05.01.2008 | Business
WASHINGTON — Don't be fooled by a larger-than-expected increase in consumer spending. People aren't buying more _ they're just paying more for w...
New York Times | PETER S. GOODMAN | Posted 04.30.2008 | Business
For months, beleaguered American consumers have defied expert forecasts that they would soon succumb to the pressures of falling home prices, fewer jo...
New York Times | PETER S. GOODMAN and MICHAEL GRYNBAUM | Posted 04.30.2008 | Business
The American economy remained stuck in the slow lane over the first three months of the year, expanding by a modest 0.6 percent annualized rate, the C...
Harry Fuller | Posted 03.16.2008 | Business
It's time for Americans, myself, included to go on a twelve-step program. For spending.
Reuters | Posted 03.12.2008 | Business
At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...
ABC News | Posted 03.10.2008 | Business
Though the country is not yet officially in a recession, some economists argue the signs are pointing to one. A dismal job report released Friday add...
AP | MARTIN CRUTSINGER | Posted 03.01.2008 | Business
WASHINGTON — Consumer spending is threatening to stall out while consumer confidence, battered by soaring energy costs and falling home prices, ...
CNBC | Posted 02.29.2008 | Business
As if investors didn't have enough to worry about, Friday's batch of economic numbers shows more signs of recession as well as its evil twin--inflatio...
Wood Turner | Posted 02.22.2008 | Business
Should consumers buy a green product when faced with other less green choices? Sure, but not before asking themselves, first, whether they need the product at all.
Financial Times Via Yahoo | Chris Giles | Posted 02.19.2008 | Business
Consumer spending is likely to slow significantly because of tighter credit conditions, according to Tim Besley, an external member of the Bank of Eng...
AP | MARTIN CRUTSINGER | Posted 02.13.2008 | Business
WASHINGTON — Retail sales posted a surprising rebound in January following a dismal December, although much of the strength reflected rising gas...
Los Angeles Times | Leslie Earnest, | Posted 02.08.2008 | Business
Consumer spending slowed to a crawl in January, with retail sales at major chains rising just 0.5% in what was by one measure the month's worst perfor...
New York Times | MICHAEL BARBARO, LOUIS UCHITELLE | Posted 01.14.2008 | Business
Strong evidence is emerging that consumer spending, a bulwark against recession over the last year even as energy prices surged and the housing market...
AP | ANNE D'INNOCENZIO, | Posted 01.10.2008 | Business
An already weak holiday shopping season turned out to be even worse than expected for many of the nation's retailers, who reported Thursday they had d...
AP | Vinnee Tong | Posted 01.03.2008 | Business
The U.S. manufacturing economy unexpectedly contracted in December, ending a streak of 10 consecutive months of growth and sinking to its lowest point...
Hale "Bonddad" Stewart | Posted 12.30.2007 | Business
There are a ton of homes on the market. As this number increases, expect more downward pressure on home prices.
Washington Post | Neil Irwin | Posted 12.22.2007 | Business
The housing market is tanking, the credit markets are in crisis, and economists fear that a recession could be on the way -- but in November at least,...
Peter Clothier | Posted 11.27.2007 | Living
Today's collectors consume art with insatiable and competitive greed. They can't wait to write their seven-figure checks for those the art market has blessed.
AP | LAUREN VILLAGRAN | Posted 11.26.2007 | Business
Wall Street headed toward a higher open on Monday as sales reports indicated a strong start to the holiday shopping season and seemed to ease investor...
An ABC-TV outlet in Houston, and now the Houston Chronicle,...
The McCain campaign implied on Wednesday that Barack Obama's commitment...
***UPDATED BELOW*** During a CBS interview on Tuesday, John McCain made...
John McCain made a mistake this evening, which as far as...
There is one more John McCain gaffe that...
BERLIN -- On what used to be the East German side of the Brandenburg Gate, Linnea and...
Before the largest crowd of his campaign, Democratic presidential contender Barack...
When Katie Couric told Haaretz that "The glory days of TV news...
BARCELONA, Spain — Christian Bale swept into Barcelona on Wednesday night to attend a...
If you're wondering about the recent articles claiming that a study found...
HOUSTON — A "dead zone" in the Gulf of Mexico off...
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at...
Benjamin R. Barber | Posted 07.08.2008 | Business