Sen. Christopher Dodd on Monday suggested a tax provision to recoup the bonuses for executives of ailing insurance giant AIG.
Tag Archives: Recession
Poll: Unemployment is Americans’ top economic concern
A new national poll indicates that worries about unemployment have tripled over the past year. Thirty-six percent of people questioned in a CNN/Opinion Research Corp. survey released Monday morning said unemployment is the most important economic issue facing the country today, almost three times higher than the 13 percent who felt the same way last April
Humbled banker parts with yuppie past
Ernie Casillas lived the good life as he doled out millions of dollars in loans in California. The former banker drove fancy cars and took extravagant vacations
Should Germany Help Bail Out GM?
When Karl-Theodor zu Guttenberg jets into Washington this Sunday he plans on asking some tough questions. Germany’s new Economy Minister is due to meet U.S.
Laid Off in Singapore: Ex-Pats Have to Downsize
On the northern fringe of Singapore, overlooking the slate gray waters of the Johore Strait, the public-housing project where Anthony Fulwood lives is so far from the city’s affluent expatriate enclaves that cabdrivers are stunned when he announces his address. ” ‘For God’s sake, why do you live there?’ they regularly ask me,” says Fulwood. ” ‘You’re white!’ ” Fulwood isn’t the only Western expatriate to take up residence in the cheaper peripheries of this Southeast Asian city.
SAT in the Recession: Test-Prep Prices Drop
Parents of students who are taking the SAT test on Saturday — or getting ready for the next one in May — know that test prep can be an expensive proposition, limited mainly to affluent families who can afford expensive private tutoring sessions.
Wal-Mart vs. Target: During the Recession, It’s No Contest
When times are tough and consumers are “trading down” to buy more inexpensive goods, you’d think that a discount retailer like Target would flourish. After all, it’s the place you go for quality clothes at affordable prices — cheap-chic designer Isaac Mizrahi offers a line — low-cost home accessories, and perhaps a grocery item or two
Why Conservative GOP Governors Are Spurning Stimulus Money
Few U.S. politicians enjoy fiscal grandstanding more than South Carolina Governor Mark Sanford. Five years ago, the conservative Republican, who was first elected in 2002, brought piglets under each arm to the state legislature to protest pork-barrel spending.
Lie, Cheat, Flirt. What People Will Do to Keep a Job
If you’re one of the dwindling ranks of the still-employed, you know you’re among a fortunate bunch. In this market, a job is about the only asset that still has value. So, if your livelihood were threatened, how far would you go to hang onto it?
What Sells in a Recession: Canned Goods and Condoms
What’s the last thing people want in a recession? More kids, apparently.