Great Depression

Five Myths the Recession Taught Us

James Altucher | Posted 11.06.2009 | Business


James Altucher

During the course of the past few months, several myths came to bear on the struggling economy that will play out through 2010 to create enormous opportunities in the market and the economy.

One Year After Election Day: The Verdict on Obama

Andy Ostroy | Posted 11.03.2009 | Politics


Andy Ostroy

Has President Obama done a good job in office, or is he destined to suffer the same fate of Jimmy Carter and George H. W. Bush, as unmemorable, ineffective one-term chief executives?

Martians in New Jersey: Remembering the War of the Worlds

Michael Kaplan | Posted 10.30.2009 | New York


Michael Kaplan

Orson Welles was a talented director, and, at the age of 22, a very naughty boy.

Wall Street Has a Gambling Problem

Sen. Maria Cantwell | Posted 10.30.2009 | Politics


Sen. Maria Cantwell

Our nation's financial sector can act as a great force for job creation and production. We should not stand by and let their dimly lit casino bring us all down once again.

Eighty Years After Black Tuesday

Jenny Darroch | Posted 10.29.2009 | Business


Jenny Darroch

It's a shame we aren't talking about the 42nd anniversary, when the appropriate gift is improved real estate, or the 43rd year when the gift is travel or the 44th year where the gift is groceries.

"Black Tuesday" and "Happy Days Are Here Again" at 80

Robert S. McElvaine | Posted 10.29.2009 | Business


Robert S. McElvaine

In what must rank as one of the most ironic coincidences in history, "Happy Days Are Here Again" was recorded on the day that was to be called "Black Tuesday" and become synonymous with the with the onset of the Great Depression.

Echoes of a Distant Crash

Robert S. McElvaine | Posted 10.26.2009 | Politics


Robert S. McElvaine

Eighty years ago this week, an enormous sound emanated from lower Manhattan and began to spread in waves across the nation and, eventually, the world.

Great Houses of New York: River House, the Best Address, Part I

Michael Henry Adams | Posted 10.22.2009 | New York


Michael Henry Adams

How did I, an unknown from the provinces, black and gay, first find myself at lofty River House facing the East River?

Author Morris Dickstein Interviewed for Upcoming Creative Time Summit

Zefrey Throwell | Posted 10.21.2009 | New York


Zefrey Throwell

An interview with Morris Dickstein about his new book, Dancing In the Dark: A Cultural History of the Great Depression as well as what he plans on presenting at the Creative Time Summit.

Brother, Can You Spare a Dime?

Bobby Woods | Posted 10.20.2009 | Politics


Bobby Woods

It's time to be great again. Time to build a new kind of railroad, and make it run. Time to build a new kind of tower. Up to the sun.

Ralph Anspach: Economist Spent Decades Fighting Monopoly Game's Corporate Owner

Wall Street Journal | MARY PILON | Posted 10.20.2009 | Home


Ralph Anspach, an 83-year-old economics professor, spent decades locked in a real-life battle with Monopoly and its corporate owners. The campaign den...

The Big Dollar Bustout ... Is Too Big To Fail Still an Option?

Eric Ehrmann | Posted 10.19.2009 | Business


Eric Ehrmann

With efforts to rebrand America's national identity in the electronic media falling flat like a bad online date, taking away the dollar's too big to fail status might be the better wake up call.

Goldman Sachs' Black Magic, Here's How They Did It

Dylan Ratigan | Posted 10.17.2009 | Business


Dylan Ratigan

The question is not why did we bail out the banks. The question is why did we give the banks billions so they could buy assets by the trillions and keep the profits?

$2.5 Billion Budget Cuts: Paterson To Slash Health, Education

nydailynews.com | Kenneth Lovett | Posted 10.15.2009 | New York


Get ready for more pain. Gov. Paterson will propose $2.5 billion in budget cuts today - primarily in health and education - to close a mushrooming def...

Turn Goldman Anger Into Government Action

Dylan Ratigan | Posted 10.15.2009 | Business


Dylan Ratigan

We don't want a government commandeered by those in our banking system who have failed and been passed over by technological advancements, innovation and flat-out smarts. But right now, that's what we've got.

Employers Cut Pay, Hours For Those Still On The Job

New York Times | Posted 10.14.2009 | Business


In recent decades, layoffs were the standard procedure for shrinking labor costs. Reducing the wages of those who remained on the job was considered d...

Artists Brighten Empty Storefronts During Gloomy Recession

nytimes.com | Diane Cardwell | Posted 10.13.2009 | New York


At the end of a dark passageway at the Port Authority Bus Terminal, almost 50 artworks have suddenly parked in a bright, spare gallery. ...

It's Time to Teach Children About Money

Don McNay | Posted 10.12.2009 | Business


Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

Despite Market Risks, Foreign Buyers Find Bargains In New York City Real Estate

Crain's New York Business | Posted 10.12.2009 | New York


An Israeli firm's deal to buy HSBC Bank USA's headquarters at 452 Fifth Ave. for $330 million signals that foreign investors see Manhattan real estate...

Capitalism: A Propaganda Hate Film

Michael Shermer | Posted 10.12.2009 | Politics


Michael Shermer

In Michael Moore's worldview, a goodly portion of the American people are ignorant, uneducated, clueless pinheads too stupid to realize the fundamental principle of a loan.

Second Great Depression Still Possible: The Financial Times

ft.com | Thomas Palley | Posted 10.12.2009 | Business


Over the past year the global economy has experienced a massive contraction, the deepest since the Great Depression of the 1930s. But this spring, eco...

The Scariest Jobs Chart Ever

Henry Blodget | Posted 10.09.2009 | Business


Henry Blodget

Regardless of what the jobs recovery eventually looks like, it hasn't started yet. The economy is still losing 250,000+ jobs a month.

Vital Speeches, Back in the Day

David Murray | Posted 10.08.2009 | Chicago


David Murray

A sampling of American speeches from 75 years ago reveals rhetoric both strange and strangely familiar.

The Cost of Corporate Communism

Dylan Ratigan | Posted 10.07.2009 | Business


Dylan Ratigan

The spike in unemployment, the destruction of retirement wealth, the collapse in the value of our homes, the worst recession since the Depression have all resulted directly from the abdication of proper government.

Republicans' 2010 Campaign Message: Vote For Us Because Obama Can't Magically Fix in a Year What it Took Us Eight Years to Destroy

Andy Ostroy | Posted 10.06.2009 | Politics


Andy Ostroy

So, what's the real 2010 Republican campaign message gonna be?: "Watch out Democrats, we're gonna be nastier, dirtier, more unethical and deceptive than ever.