photos by Cynthia Dizikes / New21 St. Paul, Minnesota In the same convention center that will host the Republican National convention in September, Senator Barack Obama declared himself the Democratic nominee for president. “Tonight we mark the end of one historic journey with the beginning of another,” the 46-year-old Illinois senator told the full arena [...]
Author Archives: drewhimmelstein
To Your Health
April 4, 2008 – 3:21 pm
The New York Times reports that bankruptcies were up 18 percent in February from the previous month, and 28 percent from the same time the previous year. With all the economic gloom and doom we’ve been hearing, this may not sound surprising, but interestingly, the housing market and gas prices are probably not the biggest culprits. In fact, medical [...]
Bailouts and Transparency
March 20, 2008 – 2:23 pm
A couple weeks ago, the Federal Reserve helped finance a buyout of the Bear Stearns investment bank, hoping to forestall the economic fallout that would result from its collapse. This may leave average citizens wondering when the Fed is going to come to their rescue to help them with oversized debts and mortgage foreclosure. But the truth is [...]
Debt: Stranglehold on the Future
February 29, 2008 – 1:17 pm
Coming off of dual crises in the lending industry (student loans and mortgages), many Americans are starting to worry about our reliance on the loans that make our economy purr. As a nation, we have a pretty hefty debt: the U.S. government owes trillions of dollars to lenders here and abroad. Individual Americans are taking [...]
