(2008-09-16) — Yesterday Sen. John McCain called for a high-level commission to investigate the current economic crisis and to propose solutions. Today, the commission released its final report calling for the federal government to immediately withdraw from Wall Street, the home mortgage market and “other sectors where government intervention has undercut the principles of free-market [...]

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(2008-05-03) — With the nation on the verge of “a near-virtual likely recession”, The New York Times stopped selling advertising today in an effort to help readers conserve “what little money they have left.”
“We realized we were sending mixed messages,” said Times publisher Arthur Ochs Sulzberger, Jr., “Our reporters and columnists say ‘Economic disaster is [...]

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(2008-04-25) — As New York Times Executive Editor Bill Keller stands poised to clear 100 reporters and editors from the newsroom due to falling advertising revenue, President George Bush today said Congress should intervene to rescue “The Grey Lady” by quickly passing what he called a “journalistic stimulus package.”

Similar to the president’s economic stimulus package [...]

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(2008-04-04) — The most recent New York Times/CBS News Poll indicates that while 81 percent of Americans think “things have pretty seriously gotten off on the wrong track“, roughly 48 percent have decided to stay in the United States anyway.
The survey also indicates that more than 70 percent said their personal financial situation was “fairly [...]

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(2008-03-18) — The Bush administration today, in an another effort to reassure global investors that capitalism carries no risk of loss, announced today that J.P. Morgan Chase’s takeover of the near-bankrupt Bear Stearns financial firm would be secured by $30 billion in government surplus cheese.
“Thousands of pallets of cheese are actually sitting in a warehouse [...]

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(2008-01-24) — The White House, racing against the clock to make a deal with Congress on an economic stimulus package before the U.S. economy rebounds on its own, has reportedly offered to “up the ante” on its proposed $800 per capita tax rebate.
Under the terms of the revised measure, the Bush administration will ask Congress [...]

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