Okay, so take some points away from me for sensational headlines. But, still, the Chicago Tribune, the only newspaper I faithfully subscribed to at the University of Notre Dame in the 80s, remains in trouble. From the SUN-TIMES: The Tribune Co.’s plan to emerge from bankruptcy has unraveled in the wake of an independent report [...]
As the nation still struggles to emerge from the Bush Recession and avoid a double-dip, we discover yet another industry suffering: restaurants (…and why, by the way, are my conservative friends hoping for a double-dip, exactly? They’re not rich, and they’re likely to end up in tents with the rest of us if we do [...]
From the Chicago Tribune: Chicago-based ShoreBank, which for more than three decades made loans to South and West siders who might not have gotten financing elsewhere to buy homes, apartment buildings and start businesses, failed Friday. It had struggled for months to raise sufficient funds to stay afloat. Its deposits and most of its assets [...]
Former Federal Reserve chairman Alan Greenspan has officially moved to the left of President Obama on taxes. And that’s something, coming from a self-described lifelong Republican libertarian. From the New York Times: It was not enough, it seems, for Alan Greenspan, the former Federal Reserve chairman and a self-described lifelong Republican libertarian, to call for [...]
Who are the unemployed in America? Do they really not want to work, as the Republicans have been arguing? Had a bit of a chat tonight with someone on Facebook who I haven’t seen since 1981, when we graduated high school in Pittsburgh. He still lives in Pittsburgh, went to college in Pittsburgh. Pittsburgh is [...]
From ENEWSPF: White House Press Secretary Robert Gibbs told reporters today discussions with Democratic leadership included talk of extending unemployment insurance for the long-term unemployed. Gibbs emphasized that this recession was different than previous lulls in the economy, "I think I’ve said this over the past couple days as we’ve gotten into more of this [...]
As the Great Recession continues to fade and recovery happens all-so-slowly, we have less money in our pockets to spend. Those of us who still have credit cards are wisely refraining from using them. Those of us just spending cash are learning to budget anew. That means less "disposable income" to use for such things [...]
What’s worse than two more years of a Democratic majority in Congress? A return to the disaster plan of the GOP. From the Washington Post: Architects of President Obama‘s 2008 victory are braced for potentially sizable Democratic losses in November’s midterm elections. But they say voters’ unease about a GOP takeover will help their party [...]
Are today’s workers any safer than they were in 1989? Watch the vid.
I received an email this evening from Merle Savage that included a link to the video above. In the video, she references her Web site, Silence in the Sound. Her plea is simple: give respirators to those working to clean the oil hemorrhaging from the Gulf of Mexico, because the oil is toxic. Ms. Savage [...]
