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The Real Costs of the Bailouts

WS Journal - In the rescue plan Congress was negotiating last week — at $700 billion the biggest bailout in U.S. history — a key goal is to remove much of those soured mortgage securities from banks’ books, possibly through an auction system.

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A Master on a Roll

WS Journal - Clint Eastwood on His New Movie ‘Changeling,’ Working with Angelina Jolie and Financial Bailouts: ‘I don’t know why no one saw this coming. Once you’ve lived a little while, you’d know there are going to be recessions, that things are going to go up and down. But people have [...]

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Speculators, Politicians, and Financial Disasters

Commentary - Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began to fail. Soon the economic troubles spread beyond real estate. Depression stalked [...]

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Recessionary design: A boom time for creative energy

IHT - Recession. Depression. Slump. Crash. Whatever it’s called, and however severe it turns out to be, the economic crisis is bound to affect design. The question is how? Judging by design’s fate in past recessions, it will suffer in this one. Some designers’ clients will go out of business, and others will cut [...]

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