Great Depression

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Scary Surge Seen in Jobless Rate to 20%

Dan Dorfman | Posted 04.10.2009 | Business

Read More: Halloween, Unemployment, Dracula, Frankenstein, Martin Weiss, Maalox, Weiss Research, Jobs, Godzilla, Pepto-Bismol, Joblessness, The National Press Club, Great Depression, Business News

The dollar is getting stronger, we still have relatively strong banks, both gold and the greenback offer money-making opportunities, and this crisis is not the end of the world.

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Chief Economist on Talent and the Economy

Jim Luce | Posted 04.09.2009 | Business

Read More: JP Morgan, Macro Economics, The Bottom, Wall Street, Lehman, N.Y.U., Bear Stearns, The Stimulus, Ingo Walter Ph.D., Economist, Orphans International Worldwide, New York University, Stern School of Business, Milstein Professor, Great Depression, Business News

"Our recovery may take years," the economist concluded over our last cup of coffee, "But smart people who work hard will always find a place." Talent will as always, he believes, find a home.

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Editorial: Odds Of Depression Are 20 Percent

Wall Street Journal | Robert J. Barro | Posted 04.04.2009 | Business

Read More: Gdp, US Economy, Depression, Economy, Great Depression, Business News

Central questions these days are how severe will the U.S. economic downturn be and how long will it last? The most serious concern is that the downtu...

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China and the Debt

Arthur Rosenfeld | Posted 03.28.2009 | World

Read More: Chinese History, Debt, Foreclosure, Real Estate, China, Great Depression, Economic Warefare, World News

The Chinese hold our debt and buy our real estate and in return we buy their manufactured goods. Perhaps we could bring some Chinese wisdom and savvy over too, just to balance the beam.

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Iceland is Sinking

Iris Erlingsdottir | Posted 03.28.2009 | World

Read More: The Great Depression, Iceland Economy, Iceland National Bankruptcy, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Great Depression, World News

It is hard to see how we will be able to maintain a middle-class standard of living if there is a severe global downturn.

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Drinking Good for Depression? The Possible Repeal of Religious Repression

Warren Holstein | Posted 03.27.2009 | Comedy

Following in the footsteps of Franklin Roosevelt, many states are now advocating an end to what many boozers and businessmen alike deem antiquated puritanical pap. The Christian Right is not amused.

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Like FDR, Obama Learns from People's Letters

Robert S. McElvaine | Posted 03.26.2009 | Politics

Read More: William Leuchtenburg, Lorena Hickok. Eleanor Roosevelt, New Deal, Louis Howe, Letters to the White House, Jake Tapper, Franklin Roosevelt, Robert Gibbs, Down and Out in the Great Depression, Barack Obama, Great Depression, Politics News

President Obama's motivation in reading a sampling of the letters from the public is essentially the same as Roosevelt's was: "to help get him outside of the bubble."

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Paul Volcker: Economic Crisis May Be Worse Than Great Depression

AP | EILEEN AJ CONNELLY | Posted 03.23.2009 | Business

Read More: Great Depression, US Economy, Economic Crisis, Paul Volcker, Economy, Business News

NEW YORK — "Even the experts don't quite know what's going on." Speaking to a number of those experts Friday, Paul Volcker, a top economic advi...

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The Oscars: Party Like It's 1929 ...

Martin Lewis | Posted 03.23.2009 | Entertainment

Read More: Paris Hilton, Oscar, Peter Fonda, Richard Dreyfuss, Martin Landau, Wall Street Crash, Academy Awards, Elliott Gould, The Oscars, Jennifer Tilly, Rod Steiger, Kevin Pollak, Lynn Redgrave, James Cromwell, r.d. Laing, Tony Curtis, Great Depression, The Academy Awards, William H. Macy, Lindsay Lohan, Glynis Johns, Vanity Fair, David Paymer, Sammy Glick, Dennis Hopper, Hollywood, Matthew Modine, Los Angeles, Hector Elizondo, Danny Aiello, Vanity UNfair, Shallow Insincere People, Jamie Fox, Rip Torn, Diane Ladd, Oscars, Ernest Borgnine, Shelly Winters, Mazola, Julie Benz, Sean Astin, Krista Allen, Chris Pine, Eddie Griffin, Captain Kirk, Entertainment News

Perhaps we can celebrate in the same spirit that inhabited that first Oscars at the Hollywood Roosevelt Hotel in May 1929, just 5 months before the whole world slid into the economic abyss.

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Create Your Ode to the Financial Crisis

Craig Crawford | Posted 03.09.2009 | Politics

Read More: Groucho Marx, Economic Stimulus Package, Woody Guthrie, Great Depression, Politics News

The songs and movies of the 1930's had a unifying effect on the country during the Great Depression. I want to see your contributions about today's crisis.

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Dems (and Obama) Are Losing the Economic Argument: They May Also Lose the Economy

Paul Abrams | Posted 03.08.2009 | Politics

Read More: John Maynard Keynes, Franklin D. Roosevelt, New Deal, Economy, Massive Public Investments, Tax Cuts, Barack Obama, Great Depression, Politics News

By shifting the debate from wishful thinking to sound economics, prospects rise for effective policy decisions now and in the future, and doing the debate right is as important as the policy itself.

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Republicans' 4% Mortgage "Stimulus" Is Latest Ponzi Scheme

Ronald B. Robinson | Posted 03.08.2009 | Politics

Read More: Fha, Depression, Melvin Oliver, Sec, Mitch McConnell, Housing, New Deal, Social Security, Black Wealth White Wealth, Stimulus, Black, Republican First Principles, Mortgage Crisis, Redlining, Eugencis, Wealth, Predatory Lending, African American, Loans, Ponzi Scheme, Construction, Subprime, Bernie Madoff, Rush Limbaugh, Obama, Media, Politics, Bailout, Economy, Race, White House, Financial Crisis, Bignews, Paulson, Foreclosure Crisis, Credit Score, Great Depression, Credit Rating Agencies, Freddie Mac, 4% Morgage, Fanie Mae, Politics News

Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!

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"Too Big To Fail": A Bailout Hoax

Ismael Hossein-zadeh | Posted 03.05.2009 | Politics

If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?

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Unemployment Takes the Bronze

Michael B. Laskoff | Posted 03.05.2009 | Business

Read More: Layoffs, Jobs, Depression, Job Loss, Unemployment, Job Search, Great Depression, Employment, Business News

After death and divorce, the most likely source of grief for most people is caused by unemployment. You can survive if you follow the old military adage: "Embrace the suck."

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Michelle Obama and the Covert Influence of First Ladies

Carl Sferrazza Anthony | Posted 03.02.2009 | Politics

Read More: John F. Kennedy, First Ladies, Congress, Michelle Obama First Lady, Philippines, Spanish-American War, Mary Lincoln, East Wing, Kennedys, Curtis LeMay, Obama Advisers, New York State Governor, First Lady, Former Presidents, Chicago, Abraham Lincoln, Rosalynn Carter Inauguration, Fdr, Financial Planning, Florence Harding, Benjamin Montgomery, Great Depression, Michelle Obama South Side, Michelle Obama, Calvin Coolidge, University of Chicago, Rosalyn Carter, Eleanor Roosevelt, Ida Mckinley, U.S. Presidents, Barack Obama, Presidents, Barack Obama and David Axelrod, The West Wing, Clinton First Lady, David Axelrod, South Side of Chicago, Robert Lansing, Jimmy Carter, Edith Wilson, Jackie Kennedy, Roosevelt, Jfk, Franklin Delano Roosevelt, Tough Decisions, Politics News

As memories of Inauguration Day 2009 begin to fade in and the new administration ensues, speculation will only increase about how politically influential Michelle Obama will be as First Lady.

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Current Recession Compared To Great Depression By Congressional Budget Office

McClatchy Washington Bureau | David Lightman | Posted 02.27.2009 | Politics

Read More: Congressional Budget Office and Great Depression, Great Depression, Recession, Politics News

The nation's current recession is likely to be the longest since World War II, and by some measures could be the worst since the Great Depression, a n...

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The Promise of Public Health

Amy L. Fairchild, Ph.D. and Ronald Bayer, Ph.D. | Posted 02.27.2009 | Politics

Read More: Obama Healthcare, Bush SCHIP Veto, Global Economy, Mayor Michael Bloomberg, Children's Health Insurance, George W. Bush, President Obama, Barack Obama Health Care, Health Insurance, Obama Health Care, Global Economic Crisis, Chronic Disease, Chronic Diseases in Children, Asthma, Bush SCHIP, State Children's Health, Schip, Great Depression, New Deal, Michael Bloomberg, Public Health, Bush Veto SCHIP, Tuberculosis, State Children's Health Insurance Program, Barack Obama, New York City, HIV/AIDS, Health, Federal Government, Healthcare Reform, Children's Health, Healthcare, Franklin Delano Roosevelt, Politics News

Like the provision of medical care to the ill, an effective health system -- which keeps children and adults from becoming sick in the first place -- depends on both vision and commitment.

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The 25 People Responsible For The Global Financial Crisis

The Guardian | Julia Finch With Additional Reporting by Andrew Clarke and David Teather | Posted 02.25.2009 | Business

Read More: Global Recession, 25 Responsible for Recession, Great Depression, 25 Responsible for Economic Crisis, Alan Greenspan, Financial Crisis, Economy, Business News

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second...

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Too Big to Succeed

John Standerfer | Posted 02.23.2009 | Business

What we don't appear to understand yet is that no amount of money, time or regulation can possibly resolve this problem while a few banks continue to hold the entire nation hostage.

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The Day the Earth Still Stood: What Will Obama Inherit?

Tom Engelhardt | Posted 02.20.2009 | Politics

Read More: George Bush, Obama Inauguration Coverage, Depression, Obama's Inauguration, Obama Inaugural, Pakistan, Obama Inauguration, Economic Crisis, Mexico, Barack Obama Inauguration, Barack Obama, Obama Inaugural Address, Inauguration, Obama Inaugural Speech, Great Depression, Politics News

We don't know what the world holds for us in the Obama years, but it's not likely to be pretty.

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Reflections on Reconciliation: Paradox of Excess & Deprivation

Terry Leach | Posted 02.20.2009 | Business

Read More: Excess, Human Family, Safety Net, Barack Obama, Reconciliation, Us Airways Hudson River, U.S. Economy, US Airways Plane Crashes, Plane Crash Hudson River, Economy, Chesley Burnett "Sully" Sullenberger, Sully, Bankers, Airline Prices, Chesley B. Sully Sullenberger, Healthcare Workers, Hudson River Plane Crash, Great Depression, Sully Pilot Hero, US Airways, Money, Investment Bankers, US Airways Crash, US Airways Pilot, Pensions, Airline Industry, US Economy, Captain Chesley "Sully" Sullenberger III, Sully Plane Crash, Schools, Healthcare, Business News

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.

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Obama: Follow the Philosophical Footsteps of Abraham

Leo W. Gerard | Posted 02.18.2009 | Politics

Read More: Inaugural, Lincoln Bible, Fort Sumter, Doris Kearns Goodwin, “Team of Rivals”, George W. Bush, William Seward, Iraq, Recession, Barack Obama, Lincoln Memorial, Homestead Act, House Divided, Steven R. Weisman, Wall Street, Abraham Lincoln, “the Great Tax Wars”, Panic of 1857, New York Times, Afghanistan, Hillary Clinton, Pacific Railway Act, Land Grant Colleges Act, Great Depression, Gettysburg Address, Politics News

Lincoln's preservation of the union would not have been possible without his economic reform. It is the philosophy at the base of those achievements that must be the prototype for change in America now.

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Obama or FDR: Whose Strategy Will Work Better?

Hoyt Hilsman | Posted 02.18.2009 | Politics

Read More: George Bush, White House, Rescue Package, Inauguration Day, Economic Crisis, Public Opinion, Banking Crisis, Obama, Barack Obama, Presidential Transition, Bush, Fdr, Bailout, Economic Rescue Package, The Defining Moment, Jonathan Alter, Inauguration, Bank Holiday, Obama Transition, 1929 Crash, Banks, Financial Crisis, Stock Market, Presidency, Roosevelt, Great Depression, Herbert Hoover, Politics News

One significant difference between the Roosevelt transition and that of Barack Obama is the swiftness with which the Obama transition team has moved to address the nation's economic crisis.

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Living and Dying American

Stephen Herrington | Posted 02.13.2009 | Living

Read More: President Obama, The Clintons, James Winborn Turner, Greatest Generation, Man on the Moon, America, 9/11, The Flag, Civil War, Democratization, Win, Reagan, Ayn Rand, American History, Texas History, Houston, Pride, Great Depression, American Nostalgia, Preemptive War, American Know How, Marines, Trickle Down, Meritocracy, Texas, Shareholder Value, Barack Obama, American Attitude, Patriotism, Bill and Hillary Clinton, Tom Brokaw, Vietnam, Living News

Back then a typical Republican was to the left of the Clintons. Nixon was a transition. It took Reagan to really define the world in which we now live, in which merit is no longer of value.

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Brazil Rebounds With Bossa Beat

Eric Ehrmann | Posted 02.13.2009 | World

Read More: France, Soccer Moms, Waiting for Godot, Global Economy, Bill Ayers, Economy, Brazil, Oil, French, Natural Gas, Music, Barack Obama, Gallic, Great Depression, South America, Rainforest, Culture, Dancing, Beaches, World News

In Brazil as in the US, culture plays a big role in how nations survive the slump. Known for beaches, beauties, rain forest and laid back music, Brazil's national motto is "Order and Progress."

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