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Rescue Plan Strained by Lack of Staff

Apparently, in addition to being incompetent, the US Treasury department is also short-staffed! read more »
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Obama Gets Depression Scholar in Romer

The appointment of Christina Romer to head the Council of Economic Advisers places a scholar of the Great Depression close to President-elect Barack [...] read more »
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Dollar Stores May Have Happy Holidays

THE 2008 HOLIDAY SEASON is shaping up to be weaker than 2002, which was the lowest holiday sales increase in the past decade, when sales grew just 1.[...] read more »
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Core values

For most Americans, their home is their biggest investment. So when we read about record declines in U.S. home values, we naturally think our investm[...] read more »
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Should G20 Crack Down on Forex Speculation?

Recent volatility in forex markets has led some policy-makers to revive an erstwhile exhortation to limit the role of speculators in forex markets, w[...] read more »
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Americans Drive Less, Creating a Problem

The oil industry and oil-producing nations have an acute problem, because the combination of conservation and the worst world-wide economic slump in [...] read more »
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China Must Do More to ‘Rebalance’ Economy, World Bank Says

China should do more to rebalance its economy from investment, exports and industry to consumption and services as it rolls out a $586 billion stimul[...] read more »
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Holiday Travel Is Bargain Spot for the Willing

The travel industry is bracing for a painful holiday season as people scale back their discretionary spending. But that is good news for anyone who h[...] read more »
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Failing Home Economics

As Americans attempt to perform cost-benefit analyses of their needs and behaviors, they are whittling pennies from cable bills only to squander doll[...] read more »
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Invesco unveils actively managed real estate ETF

Invesco PowerShares Capital Management LLC launched the first actively managed exchange traded fund to invest in real estate. read more »
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British Pound Under Pressure

The British Pound has already fallen 25% against the Dollar, since the credit crisis kicked off earlier this year. read more »
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The euro area: All fall down

A broad-based contraction is well under way in Europe. read more »
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Obama Hearts Wall Street. Maybe.

Obama may secretly not crack down on Wall Street, because so many of his advisers are sympathetic to the Street’s ills. read more »
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Dollar dips as G20 ends, recession worries loom

The dollar fell against most major currencies on Monday as data showed U.S. manufacturing activity slumped and world leaders ended a weekend meeting [...] read more »
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U.S. Recession to Extend Into 2009, Business Economists Say

The U.S. has entered a recession that will persist into 2009, and economies around the world will follow suit, according to a survey of business econ[...] read more »
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