Recent Posts

UCI Professor Calls Economic Crisis "Worse Than It Was in the 1930s," Experts Liken Current Situation to Great Depression

UCI Professor Calls Economic Crisis "Worse Than It Was in the 1930s," Experts Liken Current Situation to Great Depression

After years of avoiding using the word recession, many Americans now wonder if the unhealthy American economy might soon be tipped into a second Great Depression. Such questioning is not just scare-tactic rhetoric from the politicos; like the Great Depression, the current crisis has been caused by the exploitation of credit and excessive specula...

MORE »

Universities Screwed by Wachovia's Failure, BU Responds with "Pre-Emptive" Strike on Employment

Universities Screwed by Wachovia's Failure, BU Responds with "Pre-Emptive" Strike on Employment

It’s easy sometimes to feel like you’re living in a bubble while in college. You probably live in a dorm, where janitors clean the bathrooms for you. You probably get away with waking up at 10:30 am for 11am classes. You probably have hours of free time on your hands to spend on a campus with thousands of people your age who also have hours of f...

MORE »

Stocks Get Boost Today, Bailout Plan Still In The Works

Stocks Get Boost Today, Bailout Plan Still In The Works

It’s not all bad news in the economy. Today, the stock market has rallied a little after yesterday’s 778 point loss on the Dow Jones.
 

In the short time the market has been open this morning, the Dow gained more than 200 points while the Standard & Poor’s 500 and Nasdaq both gained over 2%.
 

How did this happen? CNN Money reports:

Art Hoga...

MORE »