The St. Regis Monarch Beach resort, where AIG recently held a retreat.
A reader sent in this letter to set us straight on the $400,000 retreat for AIG employees, held after the government lent AIG a small sum (about$85 billion, mere…
The Federal Reserve on Wednesday joined five other central banks across the world in slashing interest rates to try to head off a globe-spanning recession.
The joint move is unprecedented, particularly in that the Chinese Central Bank joined with the Fed, the…
In the 12 days between the first presidential debate Sept. 26 in Oxford, Miss., and the second debate last night in Nashville, Tenn., the United States took a 6.0 hit on the economic Richter scale. That fact changed not only the…
Take your pick. Does the headline refer to the presidential campaign or the economy?
A Saturday New York Times story looked at the relationship (or lack thereof) between Barack Obama and Bill Ayers, the founder of the 60s radical group the Weather Underground.…
Dailykos diarist Devilstower has an excellent post on Congressional action that directly led to economic collapse we are suffering right now.
There’s a huge dose of anti-McCainism in it, but it’s a good (and long) read, putting several recent events in historical…
After two weeks’ vacation and more than 1,700 Midwestern highway miles, I came home looking for some wisdom. I found it on the editorial page of Sunday’s Post-Dispatch — in a letter to the editor by Dorothy Anderson of Spanish Lake:
“I have…
Republican presidential nominee Sen. John McCain of Arizona responded to Monday’s financial crisis on Wall Street by telling an audience in Jacksonville, Fla., that the “The fundamentals of our economy are strong, but these are very, very difficult times.”
Naturally this…
Gas prices are up, a lot. Housing prices are down, a lot. Jobs are disappearing. The American auto industry is on its knees, and 2,400 Chrysler workers soon will lose their jobs in Fenton.
No wonder America is in a funk.…
The media is frequently criticized for being too negative, and many believe that — regardless of the cause — news organizations deliberately want to paint reality with the darkest colors possible. Good news is allegedly downplayed in favor of the…
In Harold Meyerson’s column today in the Washington Post about Democratic “harmony” on economic issues, based on the results of Barack Obama’s recent meeting with 20 economic advisers, this section stood out:
That doesn’t mean that differing views weren’t voiced in the…
If the economy is widely known to be the “#1 issue” in this election cycle, then the #2 issue could be energy. $4-a-gallon gasoline is routinely listed by voters as one of their top concerns. Recent polls have “energy” tied with…
