Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Great Depression

Great Depression stories: 40 news summaries

21 - 40 of 40 Stories | << Prev 1 2

Switch to grid view »

OPINION

 Noonan: 
 Be Thankful 
 We Don't See This 

There's no apocalypse out there

Nov 28, 08 1:10 PM CST
(Newser) - This Thanksgiving, Peggy Noonan is thankful for what she’s not seeing. Despite the relentless glut of negative economic news, “everything looks the same,” she writes in the Wall Street Journal. There is no one selling pencils in the street, no children lining up in bread lines.... More »

MORE ABOUT:
Barack Obama • Peggy Noonan • economy • Great Depression

 Cash Makes a Comeback 

But cash isn't king for retailers, who'll likely see bigger drop in sales

Nov 24, 08 2:15 AM CST
(Newser) - Americans are reverting to cash for purchases in increasing numbers, according to top retailers Wal-Mart, Target and JC Penney. The shift away from credit is expected to further reduce spending by consumers—who will be limited to cash-on-hand purchases—not just during the holiday season, but during what could be... More »

MORE ABOUT:
consumer spending • credit card • Target • Wal-Mart • Great Depression • budgets • cash • consumers • J.C. Penney • CreditRatings.com

OPINION

Economy's Tanking Too Fast to Wait for Obama: Krugman

The downtime before inaguration could make things grimmer yet

Nov 21, 08 10:32 AM CST
(Newser) - The state of the economy right now reminds Paul Krugman a lot of the start of the Great Depression, including a lame-duck administration that seems to have no credibility, hence no influence on the markets, the columnist writes in the New York Times. Drastic damage was done to the country... More »

MORE ABOUT:
deflation • credit crisis • bailout • economy • Great Depression • financial crisis • lame duck • economic downturn

OPINION

You'll Need FDR's Optimism to Save Us, Obama

Obama needs to emulate Roosevelt's optimism in the face of deep crisis 

Nov 18, 08 8:16 AM CST
(Newser) - Barack Obama keeps saying he wants to emulate Abraham Lincoln but he’s lucky that he more closely resembles Franklin D. Roosevelt, Richard Cohen writes in the Washington Post. Lincoln faced the massive challenge of reuniting the Union but knew just how to do it, while FDR, like Obama, confronted... More »

MORE ABOUT:
Barack Obama • presidency • Abraham Lincoln • Franklin D. Roosevelt • Great Depression • Obama administration • financial crisis • President Obama

Brazilian Trader Shoots Himself at Exchange

He clings to life after suicide attempt in wake of plunging market

Nov 18, 08 4:28 AM CST
(Newser) - A Brazilian trader was in critical condition after shooting himself in the chest on the floor of the nation's commodities and futures exchange yesterday. The tragedy occurred in the raucous interest rate futures pit, where some $21 billion in contracts are traded daily. Brazil's main stock index has plunged 50%... More »

MORE ABOUT:
stock market • suicide • Brazil • assisted suicide • Sao Paolo • stock exchange • Great Depression • financial crisis

OPINION

Krugman: Throw Away Prudence to Fix Economy

Depression economics have taken hold

Nov 14, 08 12:03 PM CST
(Newser) - The financial world has been turned upside down, and while we may not be headed for another Great Depression, we are embroiled in “depression economics,” writes Paul Krugman of the New York Times, a time when normal economic tools like the Fed's rate-cutting powers have “lost... More »

MORE ABOUT:
Fed funds rate • economic stimulus package • Great Depression • financial crisis

Deflation Danger Looms as World Economy Slows

Falling prices
could trigger long
downward spiral

Nov 1, 08 5:11 AM CDT
(Newser) - Fears of runaway inflation have been replaced by fears of its opposite as the world's economy starts seizing up, the New York Times reports. Economists see a potentially devastating deflation ahead as cash-strapped consumers create a glut of underpriced, unpurchased goods and services—in turn triggering mass layoffs at struggling... More »

MORE ABOUT:
world economy • deflation • consumer prices • Japanese economy • Great Depression • commodity prices • financial crisis

OPINION

Following Herd Out of Market Will Sting in Long Run

No reason stocks won't be back: economist

Oct 13, 08 11:24 AM CDT
(Newser) - Ready to pull the plug on the stock market and put all of your money under the mattress? Princeton economics professor Burton Malkiel writes in the Wall Street Journal that you’ll be better off riding out the storm. “No one has consistently made money by selling America short,... More »

MORE ABOUT:
investing • stock market • Wall Street • Great Depression • financial crisis

OPINION

Mortgage Crisis? Blame George Bailey

It's A Wonderful Life hero helped poor buy unaffordable homes

Oct 12, 08 1:26 PM CDT
(Newser) - The housing bubble that triggered the current economic crisis began with a post-Depression attitude toward owning a home presented in the classic Christmas flick It’s a Wonderful Life, writes Ross Douthat in the Washington Post. Hero banker George Bailey’s chief goal was to loan the poor enough money... More »

MORE ABOUT:
FDR • homeownership • public housing • housing bubble • suburban sprawl • suburbs • Great Depression • McMansion • financial crisis

 How-To Films for Tough Times 

20 cinematic escapes when you're feeling the Great Depression

Oct 12, 08 5:17 AM CDT
(Newser) - Nothing lifts a Great Depression like a visit to the talkies. Gawker recommends 20 films to watch on your iPhone while standing in tomorrow's bread lines—assuming you haven't already sold your iPhone.
  • It's a Wonderful Life: How to survive a bank run, and have a Merry Christmas.
... More »

MORE ABOUT:
Wall Street • subprime crisis • bailout • movies • Great Depression • financial crisis

analysis

 Yes, It's Bad, 
 But the Depression It Ain't 

Economist sees differences and remains optimistic

Oct 8, 08 6:50 PM CDT
(Newser) - The economic news out of Wall Street and Washington is scary and shocking, but there's no reason to use the "D" word anytime soon, Jay Hancock writes in the Baltimore Sun. He talks with economic historian and professor Louis Galambos, who remains guardedly optimistic about the "core of... More »

MORE ABOUT:
Ben Bernanke • Henry Paulson • bailout • economy • Great Depression

Analysis

Depression, No—but That Lesson Is Vital

As credit outlook deteriorates, most important word is 'trust'

Oct 1, 08 4:20 PM CDT
(Newser) - Constant references to the Great Depression aren’t alarmist, but the analogy isn't perfect, either, writes David Leonhardt in the New York Times. "The basic mechanics of how the economy might fall into a severe recession look quite similar to those that caused the Depression," he... More »

MORE ABOUT:
credit market • financial sector • subprime crisis • bank failure • economy • Great Depression • financial crisis

OPINION

'Nihilist' House GOP Doomed US to Recession

American leadership
is 'scarcer than credit,' writes Brooks

Sep 30, 08 12:00 PM CDT
(Newser) - When FDR became president, writes David Brooks, his first priority was to give Americans faith in their leadership, to show that someone was running the show. Now that the US is facing the greatest financial crisis since the Depression, today's political leaders "have failed utterly and catastrophically to project... More »

MORE ABOUT:
Republican Party • credit market • leadership • House Republicans • bailout • bank failure • Great Depression • financial crisis

ANALYSIS

 Crisis 'Going to 
 Last a Lot Longer' 

The ills of the banking sector are spreading to industries previously thought resistant

Sep 18, 08 7:19 AM CDT
(Newser) - The “worst financial crisis since the Great Depression” is spiraling downward and we may not have hit bottom yet, reports the Wall Street Journal in a look at how the subprime contagion has spread beyond its banking hosts, infiltrating sectors previously thought to be immune. “I think it’... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Great Depression • credit market chaos • deleveraging • financial crisis

 New York, New York,
That Teetering Town

Masters of Universe tighten their belts as Wall Street quakes

Sep 16, 08 4:36 AM CDT
(Newser) - Amid the financial fallout, even Manhattan's wealthiest consumers are beginning to curb their spending, Reuters reports. Wall Street tremors and belt-tightening by the rich are bound to hit New York City especially hard, and will rock stores, restaurants—and even charities. "We still have not hit the bottom of... More »

MORE ABOUT:
Wall Street • Merrill Lynch • Lehman Brothers • American Red Cross • American International Group • Great Depression • Forbes magazine • Matthew Miller • New York State Restaurant Association • LuxCouture • Blue Star Jets • Association of Corporate Contribution Professionals

 Bear Bailout Called 'Worst Mistake in a Generation'

Bear Stearns move 'worst mistake in generation,' he charges

Apr 29, 08 8:18 AM CDT
(Newser) - A former top-ranking Fed official has called the central bank's decision to bail out Bear Stearns its "worst mistake in a generation," the Wall Street Journal reports. The official, former chief of monetary policy, compares the hasty move to errors that helped trigger the Great Depression. He accused... More »

MORE ABOUT:
Federal Reserve • Bear Stearns • liquidity • banking • Great Depression • monetary policy • financial crisis

 Rumsfeld to Pen Memoirs 

Proceeds will go to foundation

Apr 15, 08 6:04 AM CDT
(Newser) - Former Defense Secretary Donald Rumsfeld, one of the architects of the war in Iraq who resigned from the Bush administration when the US became mired in the insurgency, is writing his memoirs, Reuters reports. The 75-year-old former congressman won't take an advance and will donate the book's proceeds to a... More »

MORE ABOUT:
Congress • Pentagon • Donald Rumsfeld • Richard Nixon • Ronald Reagan • World War II • Gerald Ford • al-Qaeda • Iraq war • Great Depression

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player
in the credit crisis

Mar 6, 08 1:00 PM CST
(Newser) - It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The... More »

MORE ABOUT:
housing market • Freddie Mac • Fannie Mae • Federal Housing Administration • housing crisis • economic stimulus package • subprime crisis • mortgage insurance • FHA • FHA mortgage • Great Depression

Bah, Happiness: Gloom Is Normal

Sadness is a normal emotion, not a disease, cries anti-joy crowd

Feb 7, 08 8:06 AM CST
(Newser) - Maybe you're feeling a little down—not to worry! Turn to self-help books, psychiatrists, little blue pills, or Dr. Phil to make you happier! But in Against Happiness, melancholy Eric Wilson rails against our culture’s “craven disregard for the value of sadness.” And a growing... More »

MORE ABOUT:
depression • psychiatry • antidepressant • psychology • Zoloft • Aristotle • Dr Phil • sadness • melancholy • self-help • Great Depression

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

Jun 14, 07 3:16 PM CDT
(Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report... More »

MORE ABOUT:
real estate • economic growth • subprime mortgages • Ohio • homes • Michigan • Indiana • foreclosure • mortgage • Mortgage Bankers Association • US economy • borrowers • Great Depression

21 - 40 of 40 Stories | << Prev 1 2


from our news partners