great depression
Sundays With The Christianists: A ‘World History’ Textbook To Read In Your Hooverville Homeschool
As we’ve noted previously, our 10th-grade Christianist textbook, World History and Cultures In Christian Perspective, is a weird patchwork of preaching and history as filtered through late-Reagan-era rightwing politics. This is especially noticeable in the chapter “20th Century Liberalism: Retreat from Responsibility and Authority” which we wrap up this week. The God Stuff in this [...]
Around The World With Lloyd Dangle: Austerity’s A Bitch And Then You Die
(Pittsburgh) A few days ago I was in Rome, now I’m in Pittsburgh. My serotonin level is in freefall. No, Pittsburgh’s nice, really! The frutti di mare is good here. It’s the jet lag and the hemorrhoidal bonfire in my ass that make me want to die. And my VISA bill. I asked an emaciated [...]
Stocks Collapse Worldwide On News About Meg Whitman
Unloved corporate failure Meg Whitman was last seen insisting that she should be governor of California because goddammit, she paid $141 million to be governor of California. And now the former eBay executive has re-appeared on the public stage, with news that she will be hired to run the ruined tech company Hewlett Packard. The [...]
Just In Time For U.S. Default, U.S. Recession Gets Much Worse
While the Republicans try to force a default of the American Nation with such tactics as “scholarship grants are for communists,” the Democrats are engaged in an exciting game of catch-up. “Oh,” Obama might say, looking thoughtfully at his hands, “Pell Grants are communist? Well then, I offer a compromise of shutting down Medicare and [...]
Unemployment Drops As Americans Abandon Pointless Search For Work
Good news for the U.S. job market: The unemployment rate miraculously dropped from 9.8% to 9.4% in December, the biggest one-month drop in the official jobless rate since 1998! Coincidentally, this plunge in the number of Americans desperately seeking work coincides with more Americans dropping out of the labor force entirely, because there aren’t even [...]
We’re Also Having Another Total Economic Collapse
Not to spread the funny news too thick today, but have you glanced at the business headlines? The stock markets have not reacted too well to the awful lack-of-employment numbers, with the Dow Jones Index plunging 325 points — that’s three-and-a-quarter percent and well under 10,000 and all the other markets looking similarly terrible. And [...]
Home Prices Go Up Up Up: America Saved!
After dropping like a stone for the past three or four years, existing home prices in the United States went up a little teeny tiny bit in the second quarter of 2009. HOORAY WE CAN REFINANCE OUR WAY TO HAPPINESS AGAIN! So, the sales price of American houses went up by 2.9% between April Fools [...]
New Study Proves It: No Work Means No Traffic
Some math wizards down in Texas have come to an incredible conclusion: What with 6.5 million lost jobs since this Hellcession began, there’s less rush-hour traffic. HEY THAT ALMOST MAKES A CRAZY KIND OF SENSE. But the news isn’t all good.
Happy Worst Recession In Half a Century Day!
It’s official for Sad America: As the economy shrunk another 6.1% in the first quarter of 2009, the total GDP loss for this recession (so far!) is 3.3%, making this the worst recession since the legendary “Elvis Downtown” of 1957-58. And there’s only one economic collapse larger than our current horror: the Great Depression of [...]
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