Video: Meet The Economic Advisor Who Repeatedly Predicted the Recession

Peter Schiff hasn't been right about everything, but he's definitely been the most prescient economic analyst where the recession is concerned. This video would be sheer entertainment (watch how stupid he makes all the other economic analysts look in retrospect) if it …

Nobel Prize Winner's Recession Solution? $5 Trillion Govt. Bailout

Nobel Prize Winner's Recession Solution? $5 Trillion Govt. Bailout

A stimulus plan of that size is probably not needed, but Krugman said he believes the $775 billion proposal from President-elect Barack Obama isn't big enough.

"We're not in a depression. But we are in …

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My Thoughts On The Obama Speech Today

Depending on how the next few years unfold, Obama's speech today on the U.S. economic crisis could turn out to be just another blip on the political radar or one of the most important Presidential speeches in recent history. (In case you missed it, here's the …

Are We Living In The Last Days Of The Empire?

Frugal Is Cool in Cash-Strapped U.S.

"There is a sense of mourning and confusion and a real feeling of living in the last days of empire," Tobar said.

Author Hectar Tobar is describing his perception of the widespread American sentiment of fear, a mood that is striking …

10 Commandments For Frugal Living

10 Commandments For Frugal Living:

One of the biggest misconceptions about being frugal is that those who are frugal only purchase things that are cheap or the very lowest price. The truth is that those who are frugal always try to buy the best value taking into account …

Holiday Kindness May Have Cost Woman Her Job

Holiday Kindness May Have Cost Woman Her Job

They escorted me to my car as a criminal. It felt if you do something good for anyone, that you are going to be punished.

Am I missing something here?

KPBS Features Twoshirts.org In Article On The Changing Face Of Consumerism

KPBS Features Twoshirts.org In Article On The Changing Face Of Consumerism:

Twoshirts.org allows users to post items that they have and are willing to give away or items that they need. Jason Coker, the site's creator, says the site is about individuals sharing their …

It's Official: Pigs Are Flying

Piggy banks fly off shelves in freshly frugal U.S.

"We definitely noticed a trend with the piggy banks," said Erin Mara at Homebody, a design store in the Capitol Hill neighborhood of Washington, DC. "People were very upfront about the need to save...the pig is very …

Just Send the Next Bailout Check to Me

Just Send the Next Bailout Check to Me:

Note to the Obama administration: If the economy doesn't respond, it does not mean that the decision to bail out our family was wrong. It simply means the amount was too small. But we patriotically pledge not to request additional …

Are Movies A Bargain In Tough Times?

Good Movies, Prices Help Hollywood In Recession:

"It's not necessarily that people rush out to see movies because the economy is bad, but because it's a bargain compared to other out-of-home entertainment it doesn't suffer as badly," said Patrick Corcoran, director of …

Economy Causes Overcrowded Crisis At Pet Shelters Across America

Economy Causes Overcrowded Crisis At Pet Shelters Across America

"Shelters nationwide are being hit by the economic meltdown. Cash-strapped pet owners have inundated the SPCA with pets that they can no longer afford."

This is something I never thought of, but it makes …

The Great Dairy Cow Bailout

As Recession Deepens, So Does Milk Surplus:

Mr. Van Groningen's company does not own the surplus milk powder, but merely stores it for the new owners: the taxpayers of the United States. To date, the government has agreed to buy about $91 million worth of milk …

Was Whole Economy A Ponzi Scheme?

Was Whole Economy A Ponzi Scheme?

"And it is in this way that we are all Ponzi limited partners: We too thought our retirement funds and houses were growing miraculously, though ours was an illusion fueled by debt rather than fraud, and we too made plans based on those …