Stock Market’s Wild Ride Continues

Aug 18, 2011
The stock market is revisiting last week's extreme volatility, with the Dow Jones average plummeting 471 points in the first two hours of trading Thursday. (more) Update: At the closing bell, the Dow was down about 419 points, 3.7 percent, to roughly 10,990.
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Take the U.S. Inequality Quiz

Jun 28, 2011
Think you have the dirt on inequality in America? Jeffrey Rudolph, a college accounting professor in Montreal, has crafted an extensive quiz stocked full of hard facts and figures from a range of authoritative sources that cuts through the myth and lies thrown up by America's leading misinformers. (more)

Fed Makes More Hopeful Noises

Mar 16, 2011
The latest economic assessment-slash-prognostication from the Federal Reserve isn't all bad -- in fact, CNN Money goes so far as to characterize it as relatively "bullish," despite mitigating factors such as soaring oil prices and the crisis in Japan.

Thar Be Gold in Them Hills

Mar 4, 2011
You know Fox News is all over this story: The Utah House of Representatives is fixin' to vote on a measure that would make gold and silver coins a viable alternative to the boring -- and inflation-prone -- forms of currency currently in national circulation.

The American Empire Is Bankrupt

Jun 15, 2009
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Obama Has Missed His Moment

Apr 27, 2009
The president had a fleeting moment to challenge the casino capitalism and financial recklessness of our economic and political elite. He could have orchestrated a state socialism that would have provided a safety net for tens of millions of Americans faced with dislocation and misery.

Bush Oversees Unemployment and Misery

Sep 5, 2008
George W. Bush and his father share more than a last name. Reports show that August's unemployment rate increased past the level initially forecast, rising to 6.1 percent. But even more disturbing is the fact that the misery index -- unemployment aggregated with inflation -- also soared to its highest level since 1991, when George H.W. Bush was in office.