The Offshored Economy

In the 20th century, Detroit, Mich., symbolized American industrial might. Today it symbolizes the offshored economy. Detroit's population has declined by half. A quarter of the ...

Betting on The Hollywood Stock Exchange? Better Play Roulette

I certainly don"€™t know much about investing, but I can give you one solid tip: don"€™t bet in the movie box office futures market. Wall Street firm Cantor Fitzgerald ...

Quit Blaming Wall Street

Much as it pains me to do so I fear that I must praise a left leaning economist. Dean Baker, please stand up and take your bow. He’s told the truth, always a bad career move ...

How Megachurches Would Profit From Temple Prostitution

Much of international discourse, international politics, is all about how they should become more like us. Quite how they should become more like us depends upon the speaker: if ...

Is The Recovery Real?

Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over. Or is it? Statistician John Williams has informed ...

Obama’s Problems”€”And Ours

We inherited the worst situation since the Great Depression. That is the reflexive response of President Obama to the troubles from which he has been unable to extract his ...

Krugman’s Great Problem

I think we’ve found the secret of Paul Krugman you know. No, really, an excellent little piece in the New Yorker gives us what we need to analyze the great man. Yes, he is ...

The Bankrupt Pigs of Europe

They are called the PIGS—Portugal, Ireland, Greece, Spain. What they have in common is that all are facing deficits and debts that could bring on national defaults and break ...

The Crisis Is Not Over

Readers ask if the financial crisis is over, if the recovery is for real and, if not, what are Americans"€™ prospects. The short answer is that the financial crisis is not over, ...

Saving Professor Bernanke

“Elections don’t matter!” conservatives have long groused. “No matter who you vote for, things never change.” Well, we may have an exception ...

Survival of the Fattest

Enter a London coffee house or restaurant, check into a hotel, or wander by a building-site, and you will find the workforce almost exclusively foreign. Yet British unemployment ...

Apocalypse Not

MISSING: global recession, 6 billion careless owners. No, really, why do I see thousands of people milling around in the shops as though the credit crunch was nothing more than ...

How CVS Invaded My Brain

NEW YORK"€”There's some guy at the world headquarters of CVS drugstores screwing with me. I don"€™t know who he is yet, but he lives in Woonsocket, Rhode Island. This is ...


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