The economic free-fall is finally slowing down, although nobody expects the recovery to be very pleasant. Job losses and foreclosures are expected to increase well into next year. But even if our economic system gets back to normal, it’s importa...]]> Less than a year ago,  Goldman Sachs was in dire shape--so dire in fact that the Bush Administration led lawmakers to believe that Goldman Sachs and the entire financial sector needed the largest bailout in U.S. history.  The bail out effort was led...]]> Today's exciting news that the $838 billion stimulus bill passed the Senate means that we're one step closer to having a plan of action for getting ourselves out of the current economic crisis. And one of the pieces of the plan I'm most excited about ...]]> Bank of America received a total $45 billion in federal bailout money. And what are they using it on? Covering an estimated $4 billion in bonuses to already high-paid employees of recently acquired Merrill Lynch took up one chunk of the money. Or ther...]]> It was announced earlier this month that the U.S. is officially in a recession. Um, duh! Anyone living here for the past year could tell you that. Things have kinda sucked. With the national unemployment rate at about 7 percent--the highest since 197...]]> Michigan's own Michael Moore not surprisingly has strong opinions on the Senate debate about the auto bailouts. In a letter titled "Senate to Middle Class: Drop Dead," Moore explains environmentally and socially sound conditions under which the Senate...]]> The Bush Administration's controversial auto bailout plan seems headed for failure in the Senate, despite the fact that it made it through the House last night in a 237-170 vote. The $14 billion plan, brokered by the White House, would send emergency...]]>