AltWeeklies Wire

From Bank Crisis to Food Crisisnew

According to former agricultural banker Ben Gisin, whose magazine Touch the Soil is chronicling the local foods movement across the nation, the housing-cum-banking crisis foreshadows and ever deeper, looming global catastrophe: massive food shortages.
Boise Weekly  |  Tim Andreae  |  11-14-2008  |  Economy

Why Does Orlando's City Grant Money Go to Already Rich Neighborhoods?new

The Main Street project, a convoluted revitalization program -- the National Trust for Historic Preservation sets the ground rules, but cities pay the bills -- is ultimately a marketing machine, akin to a homeowners' association for businesses.
Orlando Weekly  |  Billy Manes  |  11-14-2008  |  Economy

Connecticut's Millionaires Can Breathe Easynew

Despite a projected $1 billion deficit, Gov. Jodi Rell remains "uncomfortable" with hiking taxes on the very wealthy.
New Haven Advocate  |  Andy Bromage  |  11-11-2008  |  Economy

Hanging with Trust-Fund Satanists After the Stock Market Crashnew

It may seem strange to worry about unemployed weirdos who have a safety net. But the reality is they are responsible for untold artistic extravagances. Who will produce the cult films, pay for vinyl pressings, or publish slick artsy zines?
New York Press  |  Matt Harvey  |  11-06-2008  |  Economy

Public Transit Agencies May Pay Billions for Risky Deals with Bankersnew

San Francisco is suddenly at risk of paying $140 million to bankers who six years ago convinced the city to use its Muni trains in a $1 billion sham tax shelter. Cities such as Los Angeles, Washington, D.C., and New York are suddenly facing similar potential payouts.
SF Weekly  |  Matt Smith  |  11-05-2008  |  Economy

Young Canadians Taking on Record Levels of Debtnew

In an era of stagnant incomes, young Canadians depend on credit to pursue a bare-bones, middle-class life. So are Canada's young borrowers headed for a crisis?
The Georgia Straight  |  Pieta Woolley  |  11-04-2008  |  Economy

South Carolina Congressman Blames Minorities for Banking Crisisnew

Although last Wednesday's debate between Rep. Henry Brown and his Democratic challenger Linda Ketner lacked the sparks of their previous encounter, the face-off was notable for how Brown blamed poor minorities for the financial crisis.
Charleston City Paper  |  D.A. Smith  |  10-30-2008  |  Economy

Henry Paulson's Power Grabnew

The new and revised bailout plan will likely be offered to every U.S. bank with more than $500 million in assets, financial experts say. How'd we get here? Essentially by making Treasury Secretary Henry Paulson God.
Creative Loafing (Charlotte)  |  Tara Servatius  |  10-29-2008  |  Economy

Amnesty International Supports Native Opposition of Pipelinenew

Amnesty International has launched a global campaign in support of the Lubicon Cree, days after TransCanada subsidiary Nova Gas was granted permission to build a natural gas pipeline though the band's traditional land.
Fast Forward Weekly  |  Angela Brunschot  |  10-23-2008  |  Economy

Contemplating a Charlotte Without Wachovia or Bank of Americanew

Why are we building a center city for the future on a banking industry model of stability that died in the 1980s?
Creative Loafing (Charlotte)  |  Tara Servatius  |  10-21-2008  |  Economy

When it Comes to Banking, Bigger Might Not be Betternew

As a voter, investor, and reporter, I feel like this whole bailout bill (or "rescue bill" as some were calling it) and financial crisis is a huge mismatch, and I'm scrambling but not catching up.
The Memphis Flyer  |  John Branston  |  10-20-2008  |  Economy

In Paulson We Trustnew

Did the treasury secretary let Lehman Brothers fail, exacerbating the nascent crisis, knowing it would punish liberal financier George Soros and benefit his old firm, Goldman Sachs?
Artvoice  |  Ted P. Schmidt  |  10-20-2008  |  Economy

Credit Unions Thriving in the Chaotic Economynew

At a time when banks look more like wards of the state than the venerated institutions they once were, it's difficult to imagine that anyone is still happy to lend money. But stodgy, dependable, nonprofit credit unions are still chugging along, approving loans to members at reasonable rates.
Shepherd Express  |  Ken Reibel  |  10-17-2008  |  Economy

Counselors See Uptick in Couples Fighting Over Moneynew

Many marriage counselors say they've saw signs of economic distress for some time, as couples from every social strata confront and butt heads over job losses, as well as their own liquidity crunch of loan freezes and dried up 401(k)s.
Willamette Week  |  Katie Gilbert  |  10-16-2008  |  Economy

Wall Street's Crisis is a Crisis of Valuesnew

A system based solely on profit can't help but produce the results we are now witnessing.
East Bay Express  |  Jay Youngdahl  |  10-15-2008  |  Economy

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