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Toronto-Dominion and other Canadian lenders avoided subprime lending and structured products during the worst financial crisis since the Great Depression. Im a big believer that you should run an institution and become capable of understanding any part...
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Nicholas Wapshott: 'The feud between Keynes and Hayek defined modern economics' – video
Guardian Unlimited
Journalist and author Nicholas Wapshott compares the current economic crises in the United States and Europe with the Great Depression of the 1930s. The economists John Maynard Keynes and Friedrich Hayek take centre stage in his new book, Keynes and...
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Mr Swallow Yan of the Chinese Association of Iowa holds a t-shirt in front of the house where Chinese Vice President Xi Jinping will meet with local residents Roger and Sarah Lande in Muscatine, Iowa February 15, 2012. Xi, 58, is poised to become... View Photo »
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We’re in the worst economy since the Great Depression and yet you can feel Dr. King’s spirit’s alive because people are talking about solutions
SOURCE: Capital New York -
Vatsal Srivastava Good things take time. This holds true even for the global economy and financial markets, which are coming out of the worst downturn since the Great Depression of the early 1930s. An overwhelming sense of optimism and self-assurance...
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However during the 2008 campaign, Obama and his teleprompter often claimed this was the worst economy since the Great Depression and in speeches just after his inauguration he never failed to remind the American people that he inherited the worst...
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What will the settlement mean for Massachusetts? Massachusetts Attorney General Martha Coakley announced that the settlement will bring an estimated $318 million in assistance to borrowers. Most of that — about $257 million — will come in the form of...
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Dr. William Sullivan, an emergency department physician at the University of Illinois at Chicago hospital, is seen through a re-enforced window of a psychiatric evaluation room in Chicago December 21, 2011. Across the country, doctors like Sullivan are... View Photo »
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This is a bit like what happened after the Great Depression. It will be harder to make a lot of money and therefore it gives an impetus for firms to reconsider and pull back.
SOURCE: FINS -
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Jeremy W. Peters, The New York Times As Congress and the White House scrambled in the fall of 2008 to confront the most severe economic crisis since the Great Depression, Mitt Romney felt compelled to say what many in his native Michigan would consider...
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This phrase belongs to George Orwell, my inspiration for this essay. You might presume I am referring to Down and Out in Paris and London, his fine book about extreme poverty. That book’s focus on tramps was so taboo – in the heart of the Great...
About The Great Depression
Wikipedia
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century, and is used... Full Article
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Reuters Pictures
Dr. William Sullivan, an emergency department physician at the University of Illinois at Chicago hospital, is seen through a re-enforced window of a psychiatric evaluation room in Chicago December 21, 2011. Across the country, doctors like Sullivan are facing a spike in psychiatric...
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Getty Images
CHICAGO, IL - NOVEMBER 28: Traders take orders near the close of trading in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) on November 28, 2011 in Chicago, Illinois. All three major stock indices were sharply higher today following seven...
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Getty Images
CHICAGO, IL - NOVEMBER 28: A trader signals an offer in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) on November 28, 2011 in Chicago, Illinois. All three major stock indices were sharply higher today following seven straight days of...
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Reuters Pictures
Diego Rivera's 1931 mural titled "The Uprising", a fresco on reinforced cement, is seen during a Rivera exhibition at the Museum of Modern Art in New York in this undated handout from the Museum of Modern Art (MOMA). Five murals by Mexican artist Rivera will go on display on November...
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Getty Images
Former NBC news anchor Tom Brokaw, author of the blockbuster book “The Greatest Generation,” speaks November 3, 2011 at the Natioanl Press Club in Washington, DC. Brokaw discussed his new book, “The Time of Our Lives: Past, Present, Promise,” a broad view of how American life has...
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AP Photo
FILE - In this Sept. 19, 2011 file photo, a house with a "for sale" sign in front is seen in Newton, Mass. Home ownership over the past decade posted the biggest drop since the Great Depression as layoffs, foreclosures and the mortgage mess made it harder for people to buy or hold onto...
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AP Photo
FILE - In this Aug. 26, 2011 file photo, shoppers unload their items at Costco in Mountain View, Calif. Consumers earned less and spent less for a second straight year in 2010. The government data shows how Americans are struggling after the worst recession since the Great Depression.
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Reuters Pictures
Burnt Meadow Stables owner Sherry Donabedian (R) and Elizabeth Welch (C) watch Kristina DeWitt ride Splash in Freedom, New Hampshire July 4, 2011. Donabedian bought the facility in Freedom in 2001 and runs a successful business of boarding horses, training horses, offering lessons to...
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Reuters Pictures
George Thompson fills a weekly share for a client at the food pantry in Freedom, New Hampshire July 2, 2011. Two years after the official end to the worst U.S. downturn since the Great Depression, demand remains brisk for the services of the Freedom Food Pantry, said Judy Blake, 72, who...
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AP Photo
Leilani Carter, 4, bottom, helps her great-grandmother Flossie Carter eat a piece of birthday cake as she celebrates her 111th birthday at the University of Pittsburgh Medical Center (UPMC) Heritage Place skilled nursing facility where she has lived for over 12 years in Pittsburgh , on...
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AP Photo
Residents walk down Cherry Avenue in the Pratt City area of Birmingham, Ala. , on Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the wind-wrecked landscape Friday, enduring blackouts and waiting...
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AP Photo
J.L. Marable, left, and Rufus Gaines unload supplies at the former Scott Elementary School in Birmingham, Ala. , on Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the wind-wrecked landscape...
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AP Photo
Calvin Smith of Tuscaloosa, Ala. , pushes his bike past tornado demolished homes Friday, April 29, 2011. Smith said two of his friends perished in the homes at rear. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the...
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AP Photo
Alabama Power lineman try to restore power to tornado ravaged neighborhoods in Tuscaloosa, Ala. , Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the wind-wrecked landscape Friday, enduring...
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AP Photo
The only upright walls of a house are shown in Shoal Creek Valley near Ashville, Ala. , Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the wind-wrecked landscape Friday, enduring blackouts and...
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AP Photo
Chad Wichter works to clear debris from a storm damaged dental office in Cullman, Ala. Friday, April 29, 2011. Authorities say the death toll from the devastating tornado outbreak across the South has climbed to 318, making it the deadliest day for twisters since the Great Depression.
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AP Photo
Aaron Crawford salvages a cabinet from his destroyed home in Shoal Creek Valley near Ashville, Ala. , Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the wind-wrecked landscape Friday, enduring...
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AP Photo
David Lee Smith, background, and his grandson Bryton Frost survey the damage to Smith's home in Hackleburg, Ala. , Friday, April 29, 2011, following a tornado touchdown Wednesday afternoon that destroyed much of the small community. Survivors of the deadliest tornado outbreak since the...
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AP Photo
David Lee Smith of Hackleburg, Ala. , rakes through some of the insulation Friday, April 29, 2011, as he searches for his watch in what remains of his kitchen following a tornado touchdown Wednesday afternoon that destroyed much of the small community. Survivors of the deadliest tornado...
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AP Photo
Macolee Muhammed, center, speaks with Dustin Casey, right, a chaplain with the Southern Baptist Convention Disaster Relief of Alabama, as she takes a break from recovering personal items in her destroyed home in Forestdale, Ala. , Friday April 29, 2011. Authorities say the death toll...
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AP Photo
Robert Rapley holds a wedding album that he salvaged from the remains of his home in Forestdale, Ala. , Friday April 29, 2011. Authorities say the death toll from the devastating tornado outbreak across the South has climbed to 318, making it the deadliest day for twisters since the...
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AP Photo
Robert May studies a family photograph that was found in his sister's yard while cleaning up from devasting tornado damage in Forestdale, Ala. , Friday April 29, 2011. Authorities say the death toll from the devastating tornado outbreak across the South has climbed to 318, making it the...
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AP Photo
David Lee Smith looks at a honor certificate of his daughter as he walks through the remains of his recreation room in Hackleburg, Ala. , Friday, April 29, 2011. Survivors of the deadliest tornado outbreak since the Great Depression struggled to begin rebuilding their lives in the...
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AP Photo
Residents of this tornado demolished neighborhood in Hackleburg, Ala. , use a downed tree as a clothing rack as they tried to salvage some of their clothes Friday, April 29, 2011, following the tornado touchdown Wednesday afternoon that destroyed much of the small community. Survivors...
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AP Photo
The destruction of the Piggly Wiggly store in Hackleburg, Ala. , is reflected from the displaced dessert cooler Friday, April 29, 2011, following a tornado touchdown Wednesday afternoon that destroyed much of the small community. Survivors of the deadliest tornado outbreak since the...
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Reuters Pictures
Dr. William Sullivan, an emergency department physician at the University of Illinois at Chicago hospital, is seen through a re-enforced window of a psychiatric evaluation room in Chicago December 21, 2011. Across the country, doctors like Sullivan are facing a spike in psychiatric...
View Photo »
