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...economy could collapse and that unemployment could move to 10% with housing prices could fall another 20%. None of that "testing" take into account what happens if the financial status of Eastern Europe worsens. Maybe that should go on the check list to determine which banks are healthy. The answer would probably be "none." The financial world is too small for defaults on national debt not to have a tremendous ripple effect...
...from GDP to employment to consumer spending will be much closer to that of the harsh recessions of 1981-82 and 1974-75 than the nearly complete economic collapse of the 1930s. Will the stimulus work? That's the $770 billion question the new GDP numbers really don't answer...
...excited about.Yes, you read correctly. While it’s a truism to say that the best art has always been created in poorer times, the real gift that all artists today have been given is the opportunity, freer than before from market-driven industry pressures, to answer an eternal question: where do we go from here? For many of the workaday sorts, the answer seems to be “backwards,” or at the very least, “stay put.” In her New York Times blog “On The Runway...
...over-circulated e-mail for this party promises that those in attendance will “find out what Friday nights should really be about.” Unfortunately, the answer is not a dining hall party. The advertisement also claims the party is not like those other “PG-13 parties...
...what a better way to nurse your aching head tomorrow than with some women’s hockey? Answer...