When Lyndon Johnson launched his War On Poverty in 1964, he gave the Office of Economic Opportunity command of ten campaigns* to rescue the nation from want. Almost from the start, however, the antipoverty warriors have been fighting a losing battle on Capitol Hill. By now, a large segment of the Congress seems determined to divest the OEO of its generalship.Whatever praise OEO receives, its defeats—admittedly not infrequent—reap salvos of abuse. Stung by growing senatorial criticism, the agency last week issued an upbeat report claiming that nearly 3,000,000 ...

Before I started writing this column on why paychecks are likely to keep shrinking even if unemployment starts to inch down, I consulted Google to see if the term Marxism was trending upward. It was and has been ever since the end of December, the conclusion of a year in which workers' share of the U.S. economic pie shrank to the smallest piece ever: 54.4% of GDP, down from about 60% in the 1970s. No wonder Marx is back ...

On May 4, 2000, Lucie Blackman, wearing high heels and a silver and black ensemble coordinated to match her Samsonite luggage, disembarked from a 13-hour Virgin Atlantic flight from London to Tokyo and stepped into Japan's national nightmare. A former British Airways stewardess who prided herself on being, "chic, sophisticated and smart," Lucie sometimes did her hair even before going to the gym for a workout. So it made sense she would have her hair freshly coiffed now, the natural ...

When people write on Chinese websites that they "love the future," it should be a sentiment the government can get behind. After all, the authorities in Beijing have pressed their subjects to embrace the country's bright economic prospects. But of late, "love the future" has taken on a new meaning. Online, people have begun to use the phrase, which is ai wei lai in Mandarin, as a code for the artist and political activist Ai Weiwei, whose name became too ...

In the midst of a steaming-hot Malaysian jungle, sweat-stained factory workers bend over their looms, threading copper into bales of cable wire that gets so hot, it must snake through culverts of water before it can be touched. The factory floor is awash in tea-colored light from windows smeared with soot. The grinding of machines creates a constant, earsplitting din. There is no air-conditioning. "It would cost too much," says Alvin Mui, president of P.I.E. Industrial, which operates the factory. ...

It's getting tougher these days to think of the glass as half full rather than half empty, but if you're going to survive this economic crisis — literally — you might as well try. That's the lesson from a large study of death rates in optimistic vs. pessimistic women, conducted by researchers at the University of Pittsburgh. Using data from the Women's Health Initiative, an ongoing government study of more than 100,000 women over age 50 that began ...

Harvard professor Martin Feldstein used to tell students in his introductory economics class that economists agree on 99% of the issues in the field. From the nature of monopolies to the basic laws of inflation, Feldstein asserted, economists of all political stripes are in accord on the same principles. He claimed that what we read about in the popular press are the 1% of economic issues where the data support no clear-cut conclusion. I'm pretty sure Feldstein was exaggerating the 99-1 split in economics, but ...

If you think subprime lenders are the loan sharks of real estate, then loan servicers--the outfits that collect mortgage money and run the books--are the enforcers. Their job is to keep the dough coming, no matter what. Yet Ocwen, one of the nation's largest servicers of subprime loans, has rewritten its role as the heavy and may have an approach to modifying delinquent loans that could slow the wave of foreclosures undermining the economy. Last year, nearly a million houses ...

Immigration has always been a contentious issue in Europe. But these days, with enduring economic turmoil further fueling concerns over rising unemployment, European nations are especially sensitive about the prospect of foreigners taking jobs away from their citizens. So it's not difficult to understand why leaders in many European Union countries are displeased at seeing their peers in four member nations extend the promise of citizenship to nearly five million people — most of whom come from ...

Just in case we needed more evidence of the hardship inflicted by the country's devastating economic crisis, earlier this month we got it: more Americans than ever are receiving food stamps. The Department of Agriculture reported that 35.1 million people relied on government help to buy groceries in June — 713,000 more than in the previous month and a 22% jump from the previous year's figure. The odds are better than ever that when a shopper wheels ...