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Economy Continues Downward Spiral (NPR)
The economic news just keeps getting worse. The stock market is at its lowest level in more than five years. The number of homes being built continues its downward spiral. Retailers are predicting a miserable holiday season. David Wessel, economics editor of The Wall Street Journal, tells Steve Inskeep he's watching for signs of deflation.
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Ex-professor gets 5 to 10 years for killing wife (The Philadelphia Inquirer)
Calling the crime "the worst physical bludgeoning" he had ever seen, a Montgomery County Court judge sentenced a former University of Pennsylvania economics professor to five to 10 years in prison for the "hot-blooded" killing of his wife.
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Expert: China to prepare for hard deals (People's Daily)
Although China's trade figures look good so far, the country has to get adapted to the increasingly changing and challenging world market environment in the days to come before the world economy hit hard by the global financial turmoil can recover. Prof. Zhao Zhongxiu, Dean of School of International Trade and Economics, Beijing-based University of International Business and Economics, gave that ...
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The End of Prosperity (Book) (WorldNetDaily)
Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of "The Wall Street Journal" editorial board and investment advisor Peter J. Tanous to send Americans an urgent message: We risk losing the exceptional standard of living that has made us the envy of the rest of the world if the pro-growth ...
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Twenty Reasons Why We're Not Consuming (Forbes)
No savings--and a pile of debt.
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FE Editorial : Take left (Express India)
Nothing typifies the high noon of policy heterodoxy in the current economic crisis than the seeming political unity around oldfashioned Keynesian economics with a twist-spend your way out of recession with a mix of public spending and tax cuts.
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After Wall Street Rescue, Bush Changes Course on Federal Intervention (Washington Post)
After pledging more than $1 trillion to rescue financial markets, President Bush has fought against a series of proposals for additional bailouts by Democrats and emphasized the benefits of free markets.
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Consumer prices, home starts plunge in October (Washington Post)
WASHINGTON (Reuters) - Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep.
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Obamanomics: The View From Down Under (The Globalist)
Barack Obama’s presidential campaign was built on hope. But how does hope relate to the current global economic crisis?
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Pearlstein: The Bailout for Detroit (Washington Post)
Washington Post columnist Steven Pearlstein was online Wednesday, Nov. 19 at 11:00 a.m. ET to discuss the automotive bailout.
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