The truth is that the economy, just like a most other things in life, simply can’t be measured in straight line gains and losses. The economy is so much more than a line g
Under the health care reform, policies will have to provide certain types of coverage and meet other standards that will substantially raise costs unless they are grandfathered.
How are jobless numbers tabulated? Are they even accurate in the truest sense? Why do newspeople get it completely wrong? Why do the jobless figures make us so jittery and
We hardly talk about collapse here. Wise Bread is all about living large, while collapse mitigation is usually about living small. But that doesn't mean that there aren't things
Goldman Sachs is in hot water right now, so investing in the company may seem like a risky proposition. And it certainly is, but it may also be a fantastic opportunity.
Starting next month (May 2010) or as soon as its ready, Bank of America may reduce principal balances on certain mortgages of deeply underwater loans. What's up with that?
Even though ordinary people hardly ever receive or spend one, with the number of $100 bills in circulation in the billions it's worth putting the effort into making them extreme
If your business has been growing but you've been reluctant to take on a new employee because of economic uncertainty, maybe recently enacted tax incentives will convince you to
In an effort to fix the credit crunch, the American Recovery Reinvestment Act authorized $730 million in funding for the SBA. Only one problem: There may not be a small business
Let me jump to the end and say right at the start that I don't think so. However, there's a serious argument being made right now among economists and economic policy makers that h
Some well known mainstays of Corporate America have decided not to wait for an official recovery but to sell the idea of it to you. Can we collectively as corporate citizens and co
Especially for things people often buy on credit, like a car or a house, there's a tendency to divide the ownership into two periods--while the loan is being paid off, where the it
Corporations were invented a few hundred years ago--created to increase the wealth and power of favored businessmen (and the governments that favored them). They have become such
The economy is way short of full employment, so naturally, consumer spending is down. Sooner or later employment, I think, will return to normal levels. Consumer spending will re
Preventing a collapse of the financial system is part of preventing a depression. However, the shorthand term for this--getting the banks able and willing to lend--is misleading.
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