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Is It the Beginning of the Second Great Depression?
It is blatantly obvious that the United States economy is suffering from a severe recession, and most Americans believe things will only get worse from here. What should we expect for the future? We may well find ourselves in a full-blown depression by...U.S. Economy Will Likely Worsen Before It Improves – Political Opinion
The U.S. economy is settling into a deep trough that will likely worsen before it improves. The labor market continues to weaken at an accelerated pace, families are looking at trillions of dollars in lost wealth, and economic growth is heading south....U.S. Credit Card Companies Seek to Recoup Losses By Raising Rates – Political Opinion
Citigroup Inc. announced on November 14 that it would raise its credit card interest rates on 20% of its customers, just weeks after accepting $25 billion from the federal government to help the U.S. economy weather the worst economic downturn since the...What an Barack Obama Presidency Could Look Like – Political Opinion
The arduous campaigning is over. Now comes President-elect Barack Obama’s real work: fixing an economy not beset by such turmoil since the Great Depression, handling two wars and the ever-present threat of terrorism, ending the nation’s...Australian Government has Announced Additional Funding for the Australian Prudential Regulation Authority
The Australian Government is adding additional funding to the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC) and the Department of the Treasury. This is help to ensure that regulators have...Can the System Take Care of Itself?
Friday, September 26, 2008Can the System Take Care of Itself? As deliberations over the bailout proposition continue to flounder, I found myself thinking back on a question I posed on Wednesday: For all the problems currently besieging it, can this...America’s ‘Declaration of Dependence’ – Political Opinion
Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed...‘Bailout is Not a Solution. It’s Financial Socialism And It’s Un-American’ – Political Opinion
Last week when the Bush administration announced the proposal, lawmakers seemed to set partisanship and ideology aside, calling for a hasty passage of a bipartisan bill to rescue Wall Street. The Bush administration has said they expect the $700 billion...
