consumers

It’s the Mortgages, Stupid

Sep 8, 2010
This week’s proposals by the Obama administration to deal with the persistent economic crisis will be, as with previous plans that involved trillions of taxpayer dollars, little more than salt in the wounds.Once again the Obama administration's strategy is to stimulate the economy by funding projects and tax cuts while ignoring the root cause of the problem.

Don’t Count on Us

Jun 5, 2010
In the face of the stereotypical image of Americans as free-spending consumers, Treasury Secretary Timothy Geithner has told his international finance colleagues that G20 countries should not rely on American buyers for their products as they travel the road to economy recovery.
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What Can the FCC Do for You?

Dec 7, 2009
The Federal Communications Commission has a long and disappointing history of generally failing to regulate ever-larger media and telecommunications companies, except, during fits of prudishness, in the area of so-called indecency. But the latest incarnation of the FCC is proving to be more of a consumer advocate than its predecessors. (continued)

Fed Restricts Overdraft Fees

Nov 12, 2009
Thank the regulatory heavens. The Federal Reserve is moving to prohibit banks from charging overdraft fees on ATM and debit card transactions unless the customer has opted into a program agreeing to pay the extra charges. Banks raked in $37 billion in fees last year, largely through unexplained programs and extraordinarily high levies.

How Can These Fundamentals Be Called Strong?

Oct 3, 2008
A government report released Friday morning leaves little room for any defense of the failed policies of the Bush administration or any belief in the economic wisdom of John McCain, whose erroneous assertion that the "fundamentals of the economy are strong" failed to mention a 6.1 percent unemployment rate, up nearly two percentage points since 2007.

Greenspan Talks Recession as Oil Prices Soar

Jun 25, 2008
Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude.

Paging Ralph Nader

Aug 15, 2007
With the news that Nokia is recalling millions of batteries, on top of the ongoing exploding laptop problem, and Chinese-made products ranging from toothpaste to Barbies sounding alarm bells, we can't help but feel the absence of America's greatest consumer advocate.