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Economy - Economics USA

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Reuters

Poverty in the United States is spreading from rural and inner-city areas to the suburbs, according to a study, a situation that can worsen as the economy confronts what may be a protracted recession.

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CBS/AP

Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls are entering foreclosure, commercial victims of the same events poisoning the housing market.

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Washington Post

New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound

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The Guardian

[Can you believe this ignorant sack of drivel?] Libertarians, like their fellow travelers in the conservative movement, are at a loss on how to move forward. The growing consensus in America is that Obama must act as boldly as FDR did to save industr

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hosted.ap.org/

Even as the holiday shopping season begins in full swing, the same events poisoning the housing market are now at work on commercial properties, and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure.

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money.aol.com/news/

Experts say discounts are only going to get even better as stores resort to more extreme measures to clear out unsold items. The value of coats and sweaters drops dramatically as the winter months wear on.

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Michael Shedlock / Mish

The housing numbers are as grim as expected. The CAR housing numbers reflect Oct 2008 which are actual sales in late August and September . The price declines range from 30% to 60% with median price declines between $130,000 and $800,000.

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I suppose it's highly traditional for an American author to wax nostalgic on a holiday. Time to think of traditions that tie us to the past, that tie us to family and community. Time to put aside the cares of the world and make time for what'

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Breitbart.com

Even though gas prices fell and airlines offered last-minute deals, many Americans appeared to be skipping trips this year. San Francisco resident Sharon McKellar called the Miami airport "shockingly quiet" after flying in overnight to visi

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GeorgeWashington2.blogspot.com

One of the world's foremost authorities on derivatives Nassim Nicholas Taleb explains (together with the creator of fractal theory and chaos theory, Dr. Mandelbrot) that the financial crisis will be worse than the Great Depression because of deri

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Washington Post

Nixon's Keynesian conversion looks positively quaint compared with the fiscal and monetary stimulus that is about to be brought to bear on the US and global economy. I doubt even Keynes himself could have imagined the scale and scope of what'

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www.glennsacks.com

Several of you sent me this from Yahoo.com's headlines page -- Economy Hitting Women Hardest, Say Experts (11/21/08). It's a variation on the "Nuclear Holocaust Kills Billions--Women Hit Hardest" theme. If the Ms. Foundation for Wom

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