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Economy - Economics USA

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CalculatedRisk.blogspot.com

The WSJ reports on a new report from First American CoreLogic that estimates 48% of homeowners with a mortgage in Nevada owe more than their homes are worth.

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money.cnn.com

A merger between U.S. automakers General Motors Corp. and Chrysler is likely on hold until after next week's presidential election, as the U.S. Treasury Department said it will not provide the automakers with aid, the Detroit Free Press reported

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Agence France-Presse via Rawstory.com

The US economy contracted in the third quarter as panicked consumers slashed spending, data showed Thursday in the first downside leg of what analysts say could be a deep and nasty recession. (Depression???)

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Calculatedrisk.blogspot.com

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 0.3 percent in the third quarter of 2008 ...

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Washington Post

Negotiators for the Treasury and Federal Deposit Insurance Corp. are nearing agreement on a plan to have the government guarantee the mortgages of millions of distressed homeowners in what would be a significant departure for the federal rescue progr

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Gary North for LewRockwell.com

Day by day, the dreams of hundreds of millions of people around the world are being smashed. It is a terrible thing to see from the sidelines. It is far worse to be a participant.

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MarketOracle.co.uk

Meanwhile, in the world of investment securities, the Securities and Exchange Commission greatly reduced the amount of their own capital investors were required to bring to the table, resulting in a huge increase in bank leveraging of speculative tra

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Edwin Sumcad

Memorandum dated November 4, 2008: Subject – Election Day. What Americans will decide today is either their reward or punishment tomorrow. The reward is survival against terror. The punishment is a painful economic backlash. It is a choi

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Wendy McElroy

A important point missed in the discussion of unemployment figures is how they have been degraded over the years, with certain types of workers that used to be included in the labor pool now excluded from the "headline" unemployment figure

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Pro Liberate

Public Enemy on the loose! After spending a weekend in jail -- without bail -- for the supposed crime of having a brown lawn, 66-year-old Joseph Prudente defiantly models the "Grandpa Gone Wild" novelty t-shirt his grandchildren bought in h

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You Tube / GEDMEDIA

This video won the Tax Foundation’s competition for best YouTube video explaining the problems with the corporate income tax. [thanks, Radley Balko]

PurePatriot