Showing posts with label economic meltdown. Show all posts
Showing posts with label economic meltdown. Show all posts
Friday, December 12, 2008
Progressives Were Right About the Bailout; Wall Street Wrong
Well, several new studies demonstrate that progressives were right about the recent bailout and Wall Street, liberals, moderates and conservatives were WRONG.
Labels:
Bailout,
economic meltdown,
economy,
issues,
progressive
Wednesday, December 10, 2008
Capitalist Fools
As usual, Nobel-winning economist, Joseph Stiglitz, lays it down on the economy. "Behind the debate over remaking US financial policy will be a debate over who's to blame. It's crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes - under Reagan, Clinton and Bush II - and one national delusion." This is must-reading. Check it out. Spread the word.
Labels:
capitalism,
economic meltdown,
economics,
economist,
issues,
Stiglitz,
Vanity Fair
Monday, November 24, 2008
Living History
Fareed Zakaria: "Some of us--especially those under 60--have always wondered what it would be like to live through the kind of epochal event one reads about in books. Well, this is it. We're now living history, suffering one of the greatest financial panics of all time. It compares with the big ones--1907, 1929--and we cannot yet know its full consequences for the financial system, the economy or society as a whole."
Labels:
economic meltdown,
economics,
epoch,
Fareed Zakaria,
historical moment,
history,
recession
Saturday, November 15, 2008
Financial Meltdown 101
The folks at Truthdig have made this nice, interactive timeline (above) on the financial meltdown, starting during the depression-era and moving right on up to the present. Here is how they introduce it:
Getting a grip on the economic catastrophe that rocked the country during the fall of 2008 is no easy feat, what with so many players, back-room deals, bills, upswings and meltdowns to consider. To that end, Truthdig, once again in collaboration with Capzles.com, has put together a comprehensive multimedia timeline that explains how we got into this mess and how we might avoid repeating history in the near future.
This is a work in progress, and we’ll be adding updates and pointers in coming weeks, so check it out and leave your feedback in the comment section below. We’ll also be including some audio commentary to highlight key turning points along the story line to make this complicated narrative easier to understand, even for those of us who fell asleep during Econ 101 (or avoided that whole scene altogether).
Update: Be sure to watch the first entry on this Capzle to see a video of Truthdig’s Robert Scheer explaining the key issues and moments along the timeline.
What do you think?
Labels:
collapse,
economic meltdown,
financial meltdown,
graphic design,
Robert Scheer,
timeline,
Truthdig
Thursday, October 09, 2008
Echoes of the Past
Two NYTimes economics writers discuss the similarities and differences between the current economic crisis in the United States and Great Depression. Check it out here.
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