AltWeeklies Wire

Foreclose on the Banks

It was widely understood at the time that the federal government expected looser credit markets in exchange for the bailout. Obviously Obama should have gotten it in writing. But oral contracts are just as legally binding as written ones.
Maui Time  |  Ted Rall  |  12-17-2009  |  Economy

How We Americans Spent Ourselves Into Ruin but Saved the Worldnew

Something is very wrong with the unselective manner in which folks on the other side have allowed the neocons to define the argument. It is an unfortunate habit of the left to assume that any vocal and assertive appreciation of the American contribution to human civilization must be fascist.
Metro Silicon Valley  |  David Brin  |  12-11-2009  |  Economy

Lottery Promotionnew

The lottery finds itself in a somewhat awkward position on advertising. Officials want to maximize sales, but they have to be wary of targeting specific demographic groups, even if national experience indicates some might be more fertile markets.
Arkansas Times  |  Arkansas Times Staff  |  12-10-2009  |  Economy

Consider the Consequences of Not Making Background Checks Before Engaging a Financial Advisernew

Based on interviews for this story, people who market debt-elimination services online are riddled with bad judgment. They have to be, because the only other possibility is that they are knowingly engaging in fraud, and some of these people are lawyers, so that just can't be.
Houston Press  |  Craig Malisow  |  12-08-2009  |  Economy

Pay a Company to Get Rid of Your Debt by Saying it Never Really Happened in the First Placenew

You've been duped, deluded and taken for a ride. Everything you think you know about money is wrong. Federal law has never allowed banks to extend "credit," because there is no such thing as credit. At least not the way you've been led to believe.
Houston Press  |  Craig Malisow  |  12-08-2009  |  Economy

What the Hay?new

Suze Orman has been touted as a 'trusted national advisor' and a sensible financial guru. But after visiting a self-help seminar, why is she pushing Hay House hokum to the masses?
New York Press  |  Ethan Epstein  |  12-04-2009  |  Economy

Recession Diaries: Tales of Philly's Young, Educated and Underemployednew

While the less educated are getting hit the hardest, things are quickly deteriorating for the college-educated work force. Experts say that one in five college graduates say they're overqualified for their current jobs.
Philadelphia Weekly  |  Daniel Denvir  |  11-30-2009  |  Economy

Hey Obama, Where's the Justice in the Current Economic Crisis?new

Despite the president's promises of change, corporate crooks are still going unpunished for their roles in the financial collapse.
SF Weekly  |  James Lieber  |  10-28-2009  |  Economy

Surging Demand for Low-Income Health Services Lengthens Waiting Listsnew

Over its 38-year history, Peak Vista Community Health Centers often has had up to 400 people waiting to register for medical and dental care. But in May, the waiting list shot up to about 2,000, where it's stayed.
Colorado Springs Independent  |  Anthony Lane  |  10-22-2009  |  Economy

Who Took Our Jobs? Why Oregon's Unemployment is at the Top of the Charts ... Againnew

Studying unemployment figures in Oregon is like being a homicide detective in Baltimore -- there's no lack of casework. The problem is, how to piece together so much evidence. There's no shortage of theories why our unemployment is always among the nation's highest -- here are a few possibilities.
Willamette Week  |  Aaron Mesh  |  10-14-2009  |  Economy

The New Vegas Identity: Unemployednew

Unemployment isn't just a noun anymore. In Las Vegas, it's a perpetual state of being. I should know: I was laid off from my Las Vegas newspaper job while I was writing a series about unemployed Nevadans. The irony is so sick it's funny -- even six months later.
Las Vegas Weekly  |  Becky Bosshart  |  10-09-2009  |  Economy

Obama is More Hoover than FDR

It's 1933. This time, however, Hoover got reelected. Can we hold out until 1937 for a president who understands that we need 10 million new jobs, and that we need them yesterday?
Maui Time  |  Ted Rall  |  10-06-2009  |  Economy

Meet the Rebel Economists Who Predicted the Financial Collapsenew

The economics profession has been dominated by the disciples of the late free-market guru Milton Friedman and others of the Chicago School, so named because of their prominence on the faculty of the University of Chicago. But for decades, there has been an overshadowed (and at times bitterly ridiculed) alternative group of economists who have long been warning that the Neoclassical orthodoxy was missing the boat and leading us astray.
Artvoice  |  Ted Schmidt and Bruce Fisher  |  10-02-2009  |  Economy

How ACORN Foresaw the Foreclosure Crisis in 2001new

The grassroots group helped Oakland pass a tough anti-predatory lending law that would have halted the housing crisis before it started. Then subprime lenders started making campaign contributions in Sacramento.
East Bay Express  |  Robert Gammon  |  09-30-2009  |  Economy

European Report Shatters the Myth of the Olympics' Economic Benefitsnew

While boosters predict that hosting the 2016 Olympics would bring Illinois $22.5 billion, a crucial report from the European Tour Operators Association came to the conclusion that "there appears to be little evidence of any benefit to tourism of hosting an Olympic Games, and considerable evidence of damage."
Chicago Reader  |  Deanna Isaacs  |  09-21-2009  |  Economy

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