AltWeeklies Wire

How Slot Machines Are Secretly Designed to Seduce and Destroy Younew

Slots-only gambling parlors located in highly populated areas are precisely the model that Foxwoods and SugarHouse casinos hope to replicate in Philadelphia. Gov. Ed Rendell and others have portrayed slots as a safe medium. The opposite is true.
Philadelphia City Paper  |  Isaiah Thompson  |  01-13-2009  |  Economy

This Bailout's a Bomb -- There's No Worse Industry Than Autonew

What we really need is investment in local infrastructure for sunrise industries that make the things we need, thereby shifting the focus from mobility of goods to local provision and access. By contrast, auto is a sunset industry from the horse-and-buggy age.
NOW Magazine  |  Wayne Roberts  |  01-09-2009  |  Economy

Porn Industry After $5 Billion Federal Bailoutnew

As the 2009 AVN Adult Entertainment Expo opens in Las Vegas this week, Girls Gone Wild CEO Joe Francis and HUSTLER magazine publisher Larry Flynt are hoping to get a financial bailout for the adult entertainment industry, a spokesperson for Francis announced today.
Las Vegas Weekly  |  Staff  |  01-08-2009  |  Economy

Virginian Artists and Teachers Struggle with Gov's Budget Cutsnew

As part of Gov. Tim Kaine's Oct. 9 budget cuts, state funds for the Virginia Commission for the Arts were reduced by 15 percent, and the Virginia Arts Foundation fund has been frozen.
C-Ville Weekly  |  Brendan Fitzgerald  |  01-07-2009  |  Economy

Only One Solution: Eat the Rich

Three decades of income inequality have allowed a small group of corporations and individuals to aggregate our national wealth. The question now is when, and how, they'll be forced to share it with everyone else.
Maui Time  |  Ted Rall  |  01-05-2009  |  Economy

Should We Tax Our Way Out of Recession?new

Current Congressional Budget Office head Peter Orszag and Nobel Laureate economist Joseph Stiglitz say we should -- and Seattle-based think tank the Washington State Budget & Policy Center agrees.
Seattle Weekly  |  Damon Agnos  |  12-29-2008  |  Economy

On Ponzi Capitalismnew

Two names have been wed in the news this month: Charles Ponzi, the con artist busted in 1920, and Bernard Madoff, one of America's most successful hedge fund managers and a reputable pillar of the Wall Street financial community. But I'm confused, because a ponzi scheme also describes the global economy.
Artvoice  |  Michael I. Niman  |  12-29-2008  |  Economy

After the Auto Bailout, Now What?new

What has to happen is an intelligent, radical plan to restructure and refocus the auto industry, and soon. You see, they are going to need more money. Lots more, and what they are doing isn't working.
Metro Times  |  Jack Lessenberry  |  12-23-2008  |  Economy

Blaming the Workers: UAW Not Behind the Big Three's Woesnew

Over and over again, I've heard people repeat that the trouble was that the average UAW worker costs the auto companies $73 per hour. Nice work if you can get it. Matter of fact, it made me want to pack a lunch bucket and trudge off to Dodge Main. Trouble is, when I checked, I found that this statistic is simply not true.
Metro Times  |  Jack Lessenberry  |  12-23-2008  |  Economy

Prophet of Boom (and Bust): Now Will They Listen to Ravi Batra?new

The 65-year-old academic has an amazing record of economic and social forecasting going back several decades, from the rise of Islam, which he predicted in the 1960s, to the mergers booms and soaring stock prices of the '90s, and the stock market crash of 2000.
Fort Worth Weekly  |  Kendall Anderson  |  12-22-2008  |  Economy

San Diego Area Officials Can't Wait to Get Their Hands on Federal Moneynew

Should President Barack Obama and the Congress follow through on their proposal to stimulate the economy by putting people to work on, say, large transit projects, bloodletting over where the money is spent in San Diego County likely won't be a big part of the process.
San Diego CityBeat  |  David Rolland  |  12-17-2008  |  Economy

$35 for Your Thoughts on the Economynew

What justifies a national news story saying the psychic business is booming in these uncertain times?
Colorado Springs Independent  |  Anthony Lane  |  12-11-2008  |  Economy

Man Sues Bank Over Debit Card Feesnew

Dennis Charlton is taking one of Greater Cincinnati's largest corporations to court in a legal showdown that potentially could affect thousands of local banking customers.
Cincinnati CityBeat  |  Kevin Osborne  |  12-11-2008  |  Economy

As Recession Spreads, Santa Feans Buy Gold, Guns and Generatorsnew

Even Barack Obama says the economy will get worse before it gets better. In the meantime, freaked out New Mexicans are putting their money where they can see it: at home, under lock and key. And they're packing heat, just in case.
Santa Fe Reporter  |  Corey Pein  |  12-11-2008  |  Economy

Are Bailouts Just a Rationale for the Mother of All Spending Sprees?new

Most people remember the controversy over the $700 billion bailout package the week it was passed in Congress. They are probably less familiar with the additional $800 billion bailout program the Federal Reserve launched under the radar two weeks ago while everyone was chomping on turkey.
Creative Loafing (Charlotte)  |  Tara Servatius  |  12-10-2008  |  Economy

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