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Credit Crisis

A Reflection on Ayn Rand and Consumer Protection

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

When corporations are doing what they should do -- maximize profits -- they have no vision for the consumer.

Trouble Looming in China

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

The Chinese economy is posting impressive growth of almost 8% annually, even as the rest of the world is going through excruciating economic pain. How is that resilience possible?

10 Percent Is Enough

Deepak Bhargava | Posted 05.25.2011 | Business
Deepak Bhargava

The "Do Nothing Coalition" has turned its back on the citizens it's supposed to represent.

Why Housing Hasn't Found A Bottom

Jonathan Miller | Posted 05.25.2011 | New York
Jonathan Miller

One of the problems with the new housing market is that it remains with the old housing market and our expectations.

Arthur Delaney

Recession And A Fire Reunite Estranged Father And Son

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Christopher Hardin, 54, wrote the Huffington Post to say he'd found a bright side to long-term unemployment. He'd become friends with his estranged fa...

Arthur Delaney

Down, Not Out: Unemployed And Happier Than Ever

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Dixie Redfearn of Nevada City, Calif. wrote the Huffington Post to say her 30-year journalism career ended when she lost her job more than four months...

Why Have We Abandoned Markets?

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It astonishes me to see how quickly this country has embraced a socialist mentality and how readily it has accepted the belief that the source of our problems was an unfettered free market.

Arthur Delaney

Quad City Die Casting Workers Hoping To Repeat Hartmarx, Republic Windows Efforts

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Labor activists are hoping they can do for the 100 employees of the Quad City Die Casting factory in Illinois what they did for workers at Hartmarx Co...

In Dependence Day 2009

Larry Gellman | Posted 05.25.2011 | Politics
Larry Gellman

We have never been more reliant on the generosity of others and less able to act like grown-ups and fend for ourselves than any time since the Revolution.

American Students Hit Hard By Rise On Credit Card Interest Rates

The Huffington Post | Matthew Palevsky and Thibault Chareton | Posted 05.25.2011 | Politics

Surging credit card rates over the past few months have created a desperate situation for many college students and graduates. While the percentage o...

Protecting Students From Credit Card Debt

Beth Kobliner | Posted 05.25.2011 | Business
Beth Kobliner

Today, the culture of debt our children have inherited, and embraced, should be regarded as a national crisis and reacted to accordingly. To this generation, debt is far from a dirty word.

Wall Street Logs Best Quarter Since Credit Crisis Erupted

Wall Street Journal | Posted 05.25.2011 | Business

The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted. And instead of re...

How to Live on $0 A Day: Taking Your Life Back From Creditors

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

Say you stop wasting your entire unemployment check on the hedonistic pleasure of protecting your precious credit rating. Instead, you're going to try eating, and maybe splurge on health insurance.

Small Businesses Squeezed By Credit Cutbacks

nytimes.com | ANDREW MARTIN | Posted 05.25.2011 | Business

Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for h...

Arthur Delaney

Recession Hurting U.S. Cities At "Radically Varying Levels"

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

The recession is hurting U.S. cities at "radically varying levels," which will lead to an uneven economic recovery, according to a new study by the Br...

Once More, we get Killed by "Experts"

Pablo Triana | Posted 05.25.2011 | Business
Pablo Triana

The credit crisis was the result of rampant iatrogenics. The term literally means physician-induced. An iatrogenic death, or disease, would be one caused by the doctor.

The Retreat of the Shadow Lenders: Why Deflation, not Inflation, Is the Order of the Day

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The true path to economic recovery is to reclaim money and credit as public resources. Money needs to be transformed from private master to public servant.

Arthur Delaney

Down, Not Out: Porsche To Poverty

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Jerry Wolters of Bellevue, Wash. wrote to say he's been out of work since November, 2008 and that his unemployment benefits will run out next month. "...

B-School Professors, Not Students, Are To Blame

Pablo Triana | Posted 05.25.2011 | Business
Pablo Triana

Note to profs: what you did or didn't teach MBA's didn't cause the economic crisis, your indoctrination is not that important, relevant or influential.

Arthur Delaney

Debt Collectors: HuffPost Readers Report Harassment

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

The Tompkins County Public Library in Ithaca, N.Y. just can't get a break. Last week the Huffington Post reported that since November, the library has...

Ignore the Scaremongers - Watch out for the Truly Scary

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Economists and their friends in bond markets are scaremongering in the hope of achieving cuts in government programs, rises in unemployment and lower wages. This is lunacy parading as economics.

Arthur Delaney

Debt Collector Harassment: Coming To A Library Near You (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Since last November, the Tompkins County Public Library in Ithaca, N.Y. has received a "cease and desist" order from an attorney general or a lawyer i...

Introducing PLASTIC: A Series of Blog Posts on the Fifty Year Anniversary of Calling Debt Credit

James Boyce | Posted 05.25.2011 | Business
James Boyce

How did debt become as much a staple of the American family as high school football or Thanksgiving dinner? Is it possible that this single piece of plastic actually molded our culture?

Five Reasons to Push Your Kids to Get a Credit Card

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

Let's use our energies and experience not to prevent young adults from having access to debt but rather to educate them as to how to use debt responsibly.

Keynes and the Banking System

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Keynes-style fiscal policy which amasses debt to obscure our fundamental problems will only make matters worse.