Depression

Stopping Austerity In Its Tracks

Austerity is perhaps the single worst idea to come from the political elite over the past half decade, and that's saying a lot. It hurts people, "punishes" them as George Logothetis points out above. As he also says, it breeds extremism (the Tea

Romney Returns To His "Obama Made The Economy Worse" Lie

So Mitt Romney has decided to end his presidential campaign the same way he started it. That is, by lying. During what his aides touted as a "major address" in Iowa Friday, Governor Romney charged that while President Obama "inherited a

The 'Powerful Of This Earth' Are Killing Us

The 'Economic Suicides': “I have no solution in front of me." -- Antonis Perris of Greece, unemployed for two years before he took the hand of his 90-year-old mother and climbed to the roof of their apartment building and leapt to their

Military Suicides: 154 In 155 Days

The suicide rate is skyrocketing among American troops as numbers have reached nearly one per day in 2012, according to new Pentagon data revealed in a report on Thursday. Over the first 155 days of 2012 154 active-duty troops have

Death By Foreclosure

The economists concluded in a paper published this month by the National Bureau of Economic Research that an increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for diabetes, among people aged 20 to 49.

Federal Reserve Transcripts From 2006: Geithner, Officials Laugh As US Entered Depression

Federal officials laughed at warning signals, and gushed that Alan Greenspan was totally awesome as the economy headed towards the biggest iceberg in about 70 years. Reading the Federal Reserve transcripts- available here - was much like watching "The Titanic," without the Grammy winning theme song or the romantic sex scenes between Kate Winslet and Leonardo DiCaprio.