The Economy Archives

For those of you still having a tough time understanding how our economy went into the shitter: Wall Stats also has a Visual Guide to the Financial Crisis. And of course, there’s This American Life‘s hugely influential Giant Pool of Money episode from last year, and this week’s episode Bad Bank, which explains what’s happened since and what — Read More

Obama says he’s ready for a fight to push his $3.5-trillion budget proposal through Congress. Ugh. The economy shrank by 6.2 percent in the fourth quarter, which was worse than anyone predicted.  The Dow slipped below 7000 for the first time in 12 years. AIG, the world’s largest insurer, just posted a $62 billion dollars Read More

Due to projected budget shortfalls and a deteriorating economy, states around the country are looking for new revenue streams, including from taxes on quasi-legal and illegal products like porn and weed. Their proposals are being met with varying results. “People came down on me like a ton of bricks,” said Mr. Miloscia, who proposed an Read More

A CT scan of a McDonald’s Filet O’Fish sandwich. [via Radiology Art] Out of Good Options for Detroit. When G.M. and Chrysler asked for billions of dollars in government money last week, they argued that it would ultimately cheaper for taxpayers than if they filed for bankrutcy. But the Obama administration is  looking into letting Read More

This is the scariest thing I’ve seen/heard in a very —very — long time: The terrifying part comes at about the 1:50 mark. (cross-posted from U.S. of J.)

I was on Facebook this morning and came across a link posted by a high school classmate to a Forbes.com list of the ‘Most Miserable Cities in America.’ Number 1 is my hometown, Stockton, Calif., based on its unemployment rate, commuting times, income tax, lack of education, home foreclosure rates (highest in the nation) and Read More

A little while back, I got into a mind-boggling back and forth on another blog in which the proprietor asserted that poor people are the most equipped to shrug off the effects of an economic downturn. His argument was basically, hey, poor people are already poor, so they probably won’t even feel it. No, seriously. Obviously, Read More

Circuit City is no more.
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