The state has created an economically unsustainable property insurance program — Citizens. ...more

June 25, 2009

The leaders of the world's most powerful economies are deeply split over how to fight a downturn that is intensifying around the globe, with no nation in a position of strength as finance ministers gather to talk about the crisis. ...more

March 14, 2009

No year that saw a 778-point single-day stock market drop, the price of oil fluctuate by more than $100 a barrel and the death of Irvine Robbins - the inventor of Jamoca Almond Fudge ice cream - can be called good. But the election of Barack Obama as president made 2008 important. ...more

January 4, 2009

Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more

November 18, 2008

WASHINGTON - Republican John McCain, trailing in polls and searching for a way to gain ground, assailed Democratic rival Barack Obama on Friday in a sharply worded TV ad that said: "When convenient, he worked with terrorist Bill Ayers. When discovered, he lied." ...more

October 10, 2008

John McCain is probably going to lose this election. The economic crisis, which he is ill equipped by training and interests to handle, threatens to wipe out his campaign. Though Barack Obama has shown no greater insight or skill in handling the looming disaster, McCain's personal deficit on economic policy redounds to his opponent's benefit. ...more

October 10, 2008

The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout. ...more

October 6, 2008

The Senate strongly endorsed the $700 billion economic bailout plan Wednesday, leaving backers optimistic that the easy approval, coupled with an array of popular additions, would lead to House acceptance by Friday and end the legislative uncertainty that has rocked the markets. ...more

October 2, 2008

How do you think the besieged financial community felt when the White House announced that George W. Bush was going to address the nation on television Wednesday night? ...more

September 26, 2008

Sen. John McCain struck a sharply more critical tone about the proposed federal bailout of the financial sector on Monday, calling for greater oversight of how the Treasury secretary administers the program because "when we're talking about a trillion dollars of taxpayer money, 'trust me' just isn't good enough." ...more

September 23, 2008