U.S. Economy

  • Blogs

    August 7, 2014

    The Rise and Fall of Crime in New York City: A Timeline

    This week's feature story, The Tragedy of Louis Scarcella, explores the context of the now-infamous Brooklyn detective's career. It explained how the culture of policing changed over the years in response to the city's rising crime rate. Crime, in many ways, shaped the modern history of New York Cit ... More >>

  • Blogs

    April 29, 2014

    How Democrats, Republicans, and Big Medicine Sabotaged Obamacare From the Start

    It was the winter of our discontent, 2009. A season of bank failures, massive layoffs and $5-a-gallon gasoline. Finally, a fractured country could at least agree on one thing: This had to change. So President Barack Obama set out to deactivate the next bomb awaiting the U.S. economy, the one tic ... More >>

  • Blogs

    February 9, 2014

    CBO Finds Obamacare Lets Americans Quit Jobs They Don't Want, Which Rightbloggers, Naturally, Oppose

    Last week the Congressional Budget Office issued another report on the Affordable Care Act, aka Obamacare. Its most widely-reported revelation was that 2.3 million Americans may leave their jobs because Obamacare would make it inadvisable to them to keep them. We should say "widely-and-variously-re ... More >>

  • Film

    September 11, 2013
  • Film

    March 20, 2013
  • Blogs

    December 6, 2012

    Sandy Recovery Continues: 86,000 Jobs Lost In Storm; Obama Asks For $50 Billion In Aid

    Amidst talks of the now-notorious New York Post cover and the fiscal cliff dilemma, the November jobs report slowly crept out into the news stream - a sheer side-effect of the unfortunate fact that the election is now over and unemployment stats have less of a dramatic effect on our national convers ... More >>

  • Blogs

    October 12, 2012

    I Couldn't Watch Last Night's Debate

    The presidential one that preceded it was one of the most painful experiences I've ever had. I cringed watching slick Mitt, with all his lies and flip flops, wipe the floor with Obama, who came off like a nice uncle who'd wandered in for some tea and some chit chat. I felt like I was watching my f ... More >>

  • Blogs

    October 7, 2012

    Rightbloggers Revel in Romney Rout, But Good Job Numbers Put Them Back in Tinfoil

    Rightbloggers had one of their best weeks of the campaign. First their candidate, Mitt Romney, bested President Obama in a debate, and then the Labor Department posted a drop in the U.S. unemployment rate. Both events convinced them of impending electoral victory, as the first proved that the Presid ... More >>

  • Blogs

    September 7, 2012

    Guess Why Unemployment Just Went Down?

    The new monthly jobs report states that unemployment went down to 8.1%, which would be cause for rejoicing in the streets, except for the reason for that decline:

  • Film

    August 15, 2012
  • Blogs

    July 30, 2012

    New York Republicans Continue To Whine About Barack Obama Running For President. In Related News, The Sun Came Up Today

    President Barack Obama will be in town tonight to attend a fundraising event to raise money for his ongoing presidential campaign -- because, well...he's running for president, and attending fundraisers is what people running for president do. Obama's doing what everyone who's ever run for president ... More >>

  • Blogs

    July 9, 2012

    Barack Obama To Congress: Extend Tax Cuts for The Middle Class

    Taking aim at trickle down fiscal policies and warning legislators not to hold the American economy "hostage," President Barack Obama demanded today that Congress extend Bush-era middle class tax cuts for a year. Addressing the nation from the White House's East Room, Obama implored Congress to "do ... More >>

  • Blogs

    June 14, 2012

    GOP Chairman Ed Cox Knows More About Chick Flicks Than Your Girlfriend Does (And He Can't Stand Barack Obama)

    If there are three things that New York GOP Chairman Ed Cox loves they're puns, chick flicks, and more puns!In his latest attack on President Barack Obama's proclivity for partying with celebrities, the chairman issued a statement this afternoon bashing Bam over tonight's fundraiser at the home of S ... More >>

  • Blogs

    June 13, 2012

    Obama's Ratings Have Slipped! Here's How We Can Help

    Ever since the jobs report came in with staggeringly unfunny statistics, President Obama's approval rating has gone down like a hooker, making him a little too close to Republican competitor Mitt Romney in the polls for the comfort of any sane American. So here's what we have to do, folks:

  • Blogs

    May 4, 2012

    Unemployment Is (Barely) Down

    And now for even more reasons to be skeptical about the alleged economic recovery: Unemployment is down, but a smaller share of Americans are in the labor force and many have just given up on trying to find work. The newest Bureau of Labor Statistics data came out this morning, and the April jobs n ... More >>

  • Blogs

    April 23, 2012

    Rudy Giuliani, Frenemy Extraordinaire, Backs Mitt Romney

    Remember all that nasty shit Rudy Giuliani, "America's Mayor," said about Mitt Romney? If you don't, Business Insider has a rundown of some stinging gems. For example: "This is a man without a core, this is a man without substance, this is a man that will say anything to become president of the Un ... More >>

  • Blogs

    April 6, 2012

    America Added 120,000 Jobs in March: Is This Good or Bad?

    In March, the U.S. added 120,000 more jobs, just released Bureau of Labor stats indicate. Now, this sure sounds like a lot, but compared to February -- when America's payroll swelled by 240,000 jobs -- this turns out not to be all that exuberant. But is this cause for concern or disappointment? ... More >>

  • Blogs

    March 26, 2012

    Things Sarah Palin Didn't Know! A Scary List!

    I don't have room to print all of them. Even though the Internet is infinite, my fingers would eventually give out at a certain point. So let's just name the things Sarah Palin didn't know according to HBO's Game Change, the riveting film which has been running over and over again to drill her clu ... More >>

  • Blogs

    March 20, 2012

    Who Has Two Thumbs and Hates More Primaries? Mitt Romney!

    First, there was Iowa and New Hampshire. Then, there was Super Tuesday. At some point, there were other Republican primaries. And tonight, the resilient candidates find themselves in Illinois -- a contest that is "make-or-break" for Mitt Romney. With 54 delegates up for grabs in the state that is ... More >>

  • Blogs

    March 8, 2012

    Married American Women Make Less Money Than Their Husbands, Exit Workforce

    Happy International Women's Day: if you are a married and educated woman in America, you probably make a lot less money than your husband -- a fact which might have prompted ladies to leave the U.S. workforce in droves, economists say. Reuters reports that the Federal Reserve is set to release a n ... More >>

  • Blogs

    February 3, 2012

    National Unemployment Rate Falls to Three-Year Low

    ​Finally, some genuinely good news to celebrate: the U.S. Department of Labor's monthly job market snapshot says that the national unemployment rate has fallen to 8.3 percent, the lowest it has been in three years. January saw 243,000 jobs added to the market, mostly in business services, labo ... More >>

  • Blogs

    January 25, 2012

    New York Pols Respond to Obama's State of the Union

    Hooray for Obama! Just keep your promises! That seemed to be the message that tied together several electeds' obligatory response statements to the president's State of the Union on Tuesday. After his speech ended, Runnin' Scared's inbox was flooded with reactions from local pols. So we gathered a ... More >>

  • Blogs

    December 9, 2011

    Report: Food Stamps Boost Economy

    ​About one third of the people who can get food stamps do not, meaning many U.S. states have lost out on a steady source of cash, Bloomberg reports. According to the news service, people on the Supplemental Nutrition Assistance Program, SNAP, spend about $64 billion per year.

  • Blogs

    November 28, 2011

    Secrets of the Fed's $7.8 TRILLION Bank Bailout Revealed

    Gage SkidmoreBanks benefited even more from the public bailout than previously known.​It's been three years since the the cataclysmic financial crisis that nearly destroyed the global economy, and three years since the government offered up $700 billion in public money to prop up the banks tha ... More >>

  • Blogs

    November 27, 2011

    Rightbloggers Celebrate America's Great National Holiday: Black Friday

    We hope you had a nice Thanksgiving and if you went shopping the next day you weren't trampled. You may have heard that President Obama got some grief from conservatives for failing to mention God in his Thanksgiving proclamation. But for our rightblogger subjects, this was not the worst outrage of ... More >>

  • Blogs

    August 11, 2011

    Barack Obama and Anna Wintour Hanging Out Tonight; We Imagine Their Conversation

    ​Barack Obama's in town! This means that a) traffic is going to be a disaster and b) we can write some fan fiction. One of his stops is an expensive dinner hosted by Anna Wintour and Harvey Weinstein -- could you think of a pair more opposite in physicality but more alike in power? -- at Weins ... More >>

  • Blogs

    June 26, 2011

    Psychics Predict Future of World Economy

    This is a real CNN report from three days ago. According to the psychics, who know more about Ben Bernanke's plans in the next three months than Ben Bernanke does, everything is going to be just fine. [@_rosiegray]

  • Blogs

    May 5, 2011

    President Obama Visits Ground Zero: A Report from the Scene

    C. S. Muncy​It was a brilliantly sunny day in Lower Manhattan when President Obama visited Ground Zero around lunchtime. It wasn't as cloudless as September 11th, 2001, but the similarity was uncanny enough to make many of the reporters waiting on line comment about how alike the two days felt ... More >>

  • Blogs

    May 3, 2011

    Barack Obama Will Visit Ground Zero on Thursday

    ​President Barack Obama will be in New York City on Thursday to visit Ground Zero, where Osama Bin Laden's September 11 attack brought down the World Trade Center towers almost ten years ago. Though no schedule for the trip has been announced, New York 1 confirms that Obama will meet with fami ... More >>

  • Blogs

    December 6, 2010

    Sen. Bernie Sanders of Vermont (By Way of Brooklyn) Lets It Rip

    ​Those looking for the passion missing from the Democratic and White House response to the demands of the GOP/Wall Street/Murdoch media coalition, should tune in to the one man rebel band now playing in Washington named Bernie Sanders. The 69-year-old independent senator from Vermont let loose ... More >>

  • Blogs

    November 29, 2010

    Barack Obama Wants to Freeze Pay for Federal Workers for the Next Two Years

    ​In what will surely generate an outcry among federal civilian workers, Obama-haters, and people who live to dissent around the nation, President Obama has proposed a wage freeze for certain federal employees for the next two years. According to the White House, this move (which requires congr ... More >>

  • Blogs

    April 3, 2009

    663,000 Jobs Lost in March; Unemployment at 8.5%

    The recent, mild exuberance of the market, like the late hyper-exurberance of the market, may cause some of us, particularly if we have jobs, to forget that the interests of stock-jobbers are not necessarily those of ordinary Americans, and that the economy as experienced by them is still horrible. ... More >>

  • Blogs

    February 19, 2009

    Glimmers of Economic Hope: Board Cites Money Supply, Brooks Our Desire for Full Garages

    The Conference Board of New York digested a passel of economic indicators for January and got a small uptick -- 0.4 percent -- in the financial health of the nation, despite lousy employment and other numbers. They credit a boost in the "real money supply," attributable to recent federal action. In ... More >>

  • Blogs

    February 13, 2009

    Chocolate as International Comfort Food

    Despite the global economic downturn, 2008 saw record sales of Swiss chocolate. [BBC News]Meanwhile, in the fourth quarter or 2008, U.S. consumer spending on food dropped 3.7%, the steepest decline in the 62 years the Commerce Department has been compiling such data.[WSJ]The federal government has o ... More >>

  • Blogs

    February 2, 2009

    As Economy Sinks, Obama Invites Us to "House Meetings"

    Lots of economic news today: talking to Matt Lauer, with whom he had previously joked about the Super Bowl and Jessica Simpson' "weight battle," President Obama says that more banks are likely to fail. But, as we have nothing to fear but fear itself, Obama's permanent-campaign arm is calling for "e ... More >>

  • Blogs

    January 21, 2009

    Live from D.C.: Scenes from the Post-Inauguration

    photo by Whitney Dafoe After the big speech hordes, and we mean hordes, of people shuffled toward and into the Metro station nearest the National Mall. We heard one woman declare, exasperated to non-partisanship, "I don't care who is president!" Another woman said she'd been stuck in the crowd for ... More >>

  • Blogs

    November 25, 2008

    Credit Crisis: The Story So Far

    Henry Paulson announced today that a tenth of the $200 billion TARP funds for economic recovery will be devoted to "support consumer and small-business loans" -- car loans, credit cards, and other non-mortgage equities. They'll get more money and spend up to $600 billion to buy Fannie Mae, Freddie M ... More >>

  • Blogs

    November 25, 2008

    Russian Prof: U.S. Finished, Russia to Mop Up

    Could the U.S. economic crisis lead to the breakup of the Union? An esteemed Russian political analyst says it will. According to the Drudge Report, Professor Igor Panarin argues in Monday's Izvestia newspaper that the U.S. dollar is "not secured by anything," and that our ballooning foreign debt ... More >>

  • Blogs

    November 10, 2008

    Financial Industry Rushes to Screw Us More Before Obama Gets In

    AIG is renegotiating more favorable terms with the U.S. government, reports Bloomberg News, which says the insurer would get "lower interest rates and $40 billion of new capital" under the revised deal. "The government already on the hook for an open-ended liability," marvels Naked Capitalism, "Yet ... More >>

  • Blogs

    November 7, 2008

    At Press Conference, Obama Cites Problems, Refers Vaguely to Solutions

    In his first, brief meeting with the press, a low-key President-elect proceeded with extreme caution, responding very generally to some questions and evading others. We still don't know what kind of dog he's getting the kids. The most substantive bits were a strong stand on Iran, an indication that ... More >>

  • Blogs

    October 21, 2008

    Midday Mash-Up: Dolls, Death, Drunk, etc.

    New York Dolls live album debuts; band will appear on Craig Ferguson October 29, allowing fans to recreate the old Mercer Arts feeling of being part of a small group watching. An 18-year-old parole violator was beaten to death last weekend at Rikers; mother complains to the Daily News that correcti ... More >>

  • Blogs

    September 16, 2008

    Best of the Flickr Lehman Brothers Pics

    There was some street action outside Lehman Brothers Sunday night as employees started moving out their things, reports MSNBC: "People snapped pictures with cameras and their phones. Observers pressed up against a police barricade drew the ire of one man who emerged from the building and shouted: 'A ... More >>