If you’re spending yet another day keeping an eye on falling stock markets and hoping against a catastrophic collapse of global markets by this afternoon, it’s helpful to follow Floyd Norris at the New York Times as he liveblogs the events.
For example, Norris points that some stocks actually More…
Congress’s failure to pass the Bush administration’s financial plan has triggered a wave of scare commentary -– “financial Armageddon,” a leap “off the cliff” or “into the abyss,” the trigger for “the Depression of the 2010s.”
There have been good background analyses of the $700 bailout plan in both More…
Related Video: Pain on Main Street
As lawmakers continue fighting on Capitol Hill over a $700 billion taxpayer bailout for banks and lenders on Wall Street, the foreclosure machine grinds on and the mortgage crisis at the heart of the problem continues to worsen.
Every day, people More…
Sen. Barack Obama is opening a new line of attack against Sen. John McCain, his Republican rival, arguing that a vote for McCain could endanger Social Security as we know it. That’s technically true, but highly unlikely.
Last week, I reported that the financial crisis enabled Democrats to attack More…
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