By Timothy NoahPosted Friday, Sept. 3, 2010, at 3:06 PM ET In 1915, a statistician at the University of Wisconsin named Willford I. King published The Wealth and Income of the People of the United States, the most comprehensive study of its kind to date. The United States was displacing Great Britain as the world’s […]
Wind-whipped flames swept through at least three Detroit neighborhoods, destroying dozens of homes, including many that were vacant, officials said. By JEFF KAROUB, Associated Press WriterWednesday, September 8, 2010 at 6:49 AM DETROIT — Wind-whipped flames swept through at least three Detroit neighborhoods, destroying dozens of homes, including many that were vacant, officials said. A […]
By DAN PERRY, Associated Press Writer Fri Sep 3, 1:37 pm ET CERNOBBIO, Italy – Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United […]
IANS2010-09-01 16:10:00 Islamabad: Pakistani Prime Minister Yousuf Raza Gilani said on Wednesday that his country has suffered losses of around $43 billion due to the floods that have displaced over 17 million people and killed over 1,600. The floods, which started with heavy monsoon rains in July, have affected 30 percent of agricultural land and […]
By Richard Wolf, USA TODAY30 August 2010 WASHINGTON — Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand. More than 50 million Americans are on Medicaid, the federal-state program aimed principally at the poor, a survey of state […]
The number of homes in the $1-million-and-up slice of the market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing. By Lauren Beale, Los Angeles TimesAugust 29, 2010 Foreclosure is blind. After the mortgage meltdown and the plunge […]
By MARILYNN MARCHIONE, AP Medical Writer 27 August 2010 The U.S. birth rate has dropped for the second year in a row, and experts think the wrenching recession led many people to put off having children. The 2009 birth rate also set a record: lowest in a century. Births fell 2.6 percent last year even […]
By Douglas A. McIntyreAugust 23, 2010 at 8:34 pm A city does not die when its last resident moves away. Death happens when municipalities lose the industries and vital populations that made them important cities. The economy has evolved so much since the middle of the 20th Century that many cities that were among the […]
By the CNN Wire StaffAugust 22, 2010 9:13 a.m. EDT Multan, Pakistan (CNN) — After weeks of massive flooding that killed at least 1,539 people, water is finally receding in parts of the country. But for the millions of survivors, another nightmare looms. Much of Pakistan’s economy and infrastructure has been washed away by the […]
How: Gold. Tax cuts. Debts. Wars. Fat Cats. Class gap. No fiscal discipline. By Paul B. Farrell, MarketWatch Aug. 10, 2010, 12:45 a.m. EDT ARROYO GRANDE, Calif. (MarketWatch) — “How my G.O.P. destroyed the U.S. economy.” Yes, that is exactly what David Stockman, President Ronald Reagan’s director of the Office of Management and Budget, wrote […]
