Our economic perturbations become more bizarre every day.
When signing for me a copy of his new book, “The Return of Depression Economics and the Crisis of 2008,” at Washington, D.C.’s National Press Club last week, Nobel Prize winning economist Paul Krugman scribbled, “To Nicholas, Don’t be depressed.”
For weeks now the stock markets and commodity prices have been falling. Oil is currently trading around $76 a barrel which is close to a 50 percent drop since the middle of July.
Last week, thousands of phone calls, letters and emails came into my office and those of my colleagues–so many that House websites crashed more than once.
Sen. John McCain has once against thrust the burden for solving the energy crisis on individual families in the U.S. “It has to start at home,” he said yesterday, ignoring the overwhelming evidence that it is deep ideological opposition to any regulation of speculative investment by leaders in his party […]
Friday’s employment report — which was so weak that it had many economists declaring that we’re already in a recession — was bad news. But it was actually less disturbing than what’s going on in the financial markets.
Events are moving faster and faster. Equity markets and the dollar are dropping. Oil, gas, diesel and commodities are surging as the investment of last resort.
According to a report in Mobile Magazine, the average cost of maintaining a municipal wireless network is estimated at $150,000 per square mile over five years, based on a survey by Jupiter Research of 83 municipalities who have, or are in the process of installing them. While this may seem […]
NEW YORK — The financial crisis that began late last summer, then took a brief vacation in September and October, is back with a vengeance.
It pains me to say this, but this time Alan Greenspan is right about housing.