- Do You Believe FDR’s Big Government Investment Efforts in Fact Helped End the Great Depression, And if So, Would Such Efforts Help Now?
Question/Comment: A friend of mine disputes the notion that FDR’s New Deal rescued the nation from the Great Depression; he argues that the war effort was the major contributor. Do you believe FDR’s big government investment efforts in fact helped … Continue reading
The Commerce Department reported Wednesday that consumer spending fell for a fifth straight month in November, and Americans’ incomes dropped as well, partially reflecting massive job layoffs. Continue reading
Financial regulatory efforts apparently failed in the case of IndyMac, which was reportedly allowed to alter records to appear stronger than it was shortly before the sub-prime meltdown. Analysts take a closer look. Continue reading
Despite an uptick in consumer confidence in December due to declining prices, most of Tuesday’s economic news was gloomy, led by a shrinking economy and falling corporate profits and home sales. Continue reading
The Los Angeles Museum of Contemporary Art has agreed to accept $30 million in financial assistance from billionaire philanthropist Eli Broad, the Los Angeles Times reported.
Question/Comment: It seems to me there’s been a shift in market thinking in the recent past. I’m not sure that it’s my responsibility to go out and shop to keep businesses afloat; I always thought that it was business’ responsibility … Continue reading
On Monday’s NewsHour, Paul Solman examined whether big infrastructure projects, such as the one being considered by President-elect Barack Obama, are an effective way to create new jobs and stimulate the economy.
With half of the $700 billion in financial industry rescue funds already allocated, new questions are emerging over exactly how banks have used the money. A financial reporter and a top GAO official examine the issue. Continue reading