Economy

  • Housing bust goes from bad to worse

    Housing prices are falling even more rapidly while politicians benefit from a cozy relationship with the mortgage industry they plan to bail out.

  • Desperate in Milwaukee

    As many as 3,000 people lined up outside a welfare office on the false rumor that emergency food vouchers would be distributed to those in need.

  • Choices no one should have to make

    The sensationalism of food riots and people taking to the streets has people talking about something that has been impacting nearly half of humanity.

  • A disaster caused by the free market

    The Economist called the world food crisis a "silent tsunami," but it is not a natural disaster, and there's nothing silent about the response to it.

  • Generation Debt

    By virtually every measure--wages, conditions, debt, unemployment and more--young working people are less well off today than preceding generations.

  • Why the numbers don't add up

    The government's preferred measure of inflation remains fairly low--because the statistics-keepers don't count the prices of certain goods.

  • Tightening a belt with no notches left

    With food prices climbing higher with every passing week, more and more poor and working-class families are finding it difficult to put food on the table.

  • When the "solution" is the problem

    At the UN food summit in Rome, the priorities of world leaders were on display--and they didn't include alleviating the suffering of the hungry.

  • Wall Street happy talk turns to panic

    The stock market plunged on July 6 on a double-barreled blast of bad news--a record increase in oil prices and a sharp rise in the unemployment rate.

  • Can the whole world be fed?

    The global crisis caused by increasing food prices is shining a spotlight on the terrible contradiction of a world of plenty where hundreds of millions go hungry.

  • Is the economic crisis over?

    Next time you hear Wall Street experts say the economy isn't doing too badly after all, check your wallet--where you'll find a good deal less cash.

  • Gambling with the futures

    One little-discussed factor in the global food crisis is speculators driving up the price of all commodities because of intense trading on futures markets.

  • Getting by with a little help from their Fed?

    Can the Federal Reserve Bank save the U.S. economy? That's the hope and prayer of growing numbers of Wall Street executives.

  • Can you afford to feed your family?

    For working families, a skyrocketing grocery bill is one of the most ever-present reminders that they have been making do with less.

  • Wall Street scrambles to avert a meltdown

    The depths of the crisis in the world financial system were revealed in the wake of the collapse of the investment bank Bear Stearns.

  • An epidemic of boarded-up homes

    When you drive around Providence, R.I., there are "for sale" signs and boarded-up homes everywhere.

  • Benefiting from more foreclosures

    Why is the government failing to push for the most aggressive solutions to help homeowners facing the threat of foreclosure?

  • City of a thousand foreclosures

    The foreclosure crisis in Stockton, Calif., is only the latest chapter in the roller-coaster ride the city has been through over the past decade.

  • More and more workers are left...

    Unemployed and no end in sight

    For a growing number of workers, being unemployed means being unemployed for a very long time--and a desperate struggle to get by.

  • Worse is yet to come in housing crisis

    Home foreclosures hit record levels in 2007--and there's a lot worse to come. That's the view of both homeowners' advocates and Wall Street firms.

  • From bubble to bust

    The wild swings on stock markets worldwide are highlighting fears that a severe recession is around the corner--if not already here.

  • Who's paying for the sub-prime disaster?

    The mortgage crisis is now dominating the headlines, but the underlying question remains: Who will help people at risk of losing their homes?

  • Bush's plan to "save" the economy:

    Too little, too late

    Financial markets plunged in the U.S. and around the world in an abject rejection of Bush's plan for an economic stimulus package.

  • Their reward for crashing the economy

    While the ranks of the unemployed grow, fired Wall Street CEOs got paid millions more on their way out the door.