[An] initial intervention produces a crisis, which then leads public officials to call for a new intervention to address the crisis. That new intervention then produces a new crisis, which then leads to new interventions.
Before you drive off the cliff do everyone a favor and make these macroeconomic policy experts show you the quality in their data. Make them satisfy you that their aggregates differentiate between tuna, tractors, and rolling mills.
[change] Obama told me that fixing our economy over the long term will require sacrifice from every American and scaling back some of his campaign promises.
"Our challenge is going to be identifying what works and putting more money into that,
Out of power, Republicans appear to be retreating to familiar old ground. They're becoming deficit hawks again. GOP lawmakers didn't seem to mind enjoying the fruits of government largesse for the past eight years while one of their own was i
"It's generally showing that the deterioration of the economy has certainly spread. A couple of quarters ago, we saw it just in certain areas. Now we're seeing it in companies that have global exposure... You're seeing a whole gamet
The definition used by most economists is "an inflationary cycle without any tendency toward equilibrium." A vicious circle is created in which more and more inflation is created with each iteration of the cycle.
Anxieties over the scale of the recession now gripping the whole Western economy were intensified by a further decline in European industry. Germany, Spain, Sweden and France joined Britain in reporting the worst collapse in their manufacturing secto
Under the emergency rescue legislation approved by Congress in October, the administration must inform lawmakers that it wants access to the second installment of $350 billion. Unless Congress passes a resolution rejecting the request within 15 days,
The regulations could force thousands of businesses – especially smaller ones that cannot afford the cost of lead testing – to throw away truckloads of children's clothing, books, toys, furniture and other children's items and even force them
The U.S. lost more jobs in 2008 than any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama takes office.
President-elect Barack Obama said the recession could "linger for years" unless Congress pumps unprecedented sums from Washington into the economy. "I don't believe it's too late... but it will be if we don't take dramatic
The number of people continuing to seek unemployment benefits has risen sharply, according to government data indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.
The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion, reversing a $60 billion pension surplus at the end of 2007, according to a study released yesterday.
Sitting down? It's time to tally up the federal government's bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driv
The rally on weakness has run its course. Meaningful efforts to prevent a USEconomic and US Financial System collapse will assure degradation, devaluation, and a semblance of destruction for the beleaguered USDollar. It is on its last legs after 37 y
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