The Great Black Friday Markdown
The Sour Economy Expected to Cut Retailers' Sales -- and Profits
The rise of online discounting, layaway programs, the reluctance of stores to haggle and, most important, the economic crisis could make this year’s Black Friday a dismal shopping day. But some analysts say that what has become for many consumers a ritual of the holiday season will keep cash registers busy.
Obama’s own ‘Rendezvous With Destiny’
Franklin Roosevelt knew the Great Depression offered an opportunity to do more than rescue a sick economy. It was a unique chance to pursue a higher purpose for government — to make life less risky for future generations. If Roosevelt is the standard, Obama will be judged not just on how he deals with the economic crisis, but on how he uses it.
Obama on the Tightrope
In naming two more members of his economic team, the president-elect increasingly seems the only guy capable of restarting the economy, especially with President Bush largely silent. Will he pay for his actions?
Obama’s Call for Sacrifice
In a stark departure from the current White House, president-elect warns of hard choices ahead as U.S. seeks to pull back from financial disaster, After short-term spending to right the economy, Obama looks to long-term spending cuts.
Video: The Foreclosure Epidemic
Mary Kane and the American News Project investigate the spread of foreclosures across Prince William County, Va.
(Click on headline for larger view.)
At Frontline of Foreclosure Crisis, Counties Go It Alone
In places hit hardest by the mortgage crisis, like Prince William County, Va., federal bailout funds could have little effect on a community left reeling by hundreds of abandoned properties.
Bigger Than Detroit
If the auto industry fails, the pain will be felt across the country and throughout the economy — not just in the Motor City.
Welcome Back Lieberman
The Connecticut independent’s support for the Iraq war and his tireless campaigning for McCain made a lot of enemies in his former party. But when Democrats are close to a filibuster-proof majority in the Senate, bygones will be bygones.
Recent Comments
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"I hate to say it braidbunch, but wazzel is correct of both points. We should let Fannie and Freddie fail. If we were being honest, then we would have ..."
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Are we again going to send more troops, materials and money without a real strategy or knowing what..." - Report: Daschle to Head Health and Human Services
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