Category Archives: Economics and the like

In another thread, Ron said “this recession is actually less severe than either of the last two in terms of the percentage of people out of work.” I think Ron’s understating the severity of the current situation. I found this … Continue reading →

Cathy Young writes (emphasis hers): Lately, there has been a lot of discussion of the moral aspect of anti-crisis measures that, in effect, allow people to get away with bad or at least irresponsible behavior — specifically, bailing out homeowners … Continue reading →

Paul Krugman engages in some negative speculation on December 4th: The economy is falling fast. We’ll see what tomorrow’s employment report says, but we could well be losing jobs at a rate of 450,000 or 500,000 a month. Remember, that … Continue reading →

Evidently the Republican Party likes being a Southern regional party. Because they wouldn’t be doing this if they ever hoped to win Michigan, Ohio, or Pennsylvania ever again: The Senate on Thursday night abandoned efforts to fashion a government rescue … Continue reading →

Just in case you’d forgotten, Wal-Mart sucks: Wal-Mart Stores Inc., the world’s biggest retailer, agreed to pay $54.3 million to settle a Minnesota lawsuit over wages after a judge ruled the company broke state laws by requiring employees to work … Continue reading →

Last week, hands were wrung and tsks were tsked over the potential $25 billion dollar bailout of GM, Chrysler, and Ford. Sure, directly and indirectly the U.S. auto industry employs about 4.5 million people. But the companies, we were told, … Continue reading →