With American consumers pulling back, these other economies have also been slowing down. This means Obama won’t easily find the export markets they need to create enough jobs to make up for the vanishing American consumer.
07/12/2010 09:06 am
When debt reaches an untenable height relative to income or equity, the system becomes susceptible to the most minor cyclical downturn, with years of accumulated excess to be purged.
07/12/2010 09:01 am
What the tragedy of the BP oil spill has taught us about regulations, technology, and how our energy diet must change.
07/10/2010 10:10 am
Continued micromanagement of the vast and increasingly complex Chinese economy will lead to mistakes which will threaten social stability.
07/09/2010 04:09 pm
'Strike through mode' has come into its own in the blogosphere and even in print.
07/09/2010 03:44 pm
A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
07/09/2010 03:36 pm
In Pictures Space photos of the day 07/09
Government buildings consume roughly 20% more electricity than private sector buildings.
07/09/2010 12:26 pm
Homeowners of modest means who walk away from their housing debt are viewed as dead beats while the wealthy who do the same are presumed to be making a good financial decision.
07/09/2010 12:13 pm
A deepwater drilling moratorium, issued in May and struck down as too broad June 22, was not reinstated Thursday by a federal appeals panel, but drilling is unlikely to resume any time soon.
07/09/2010 11:29 am