Rick Newman


May 2009


How To Find Gold In a Recession Economy

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The recession has hammered New York, yet the mood is upbeat in a midtown Manhattan classroom where struggling business owners have gathered to sip wine and swap business cards. "I'm going to bring my business to a whole new level," vows Valerie Bennis, whose company, Essence of Vali, sells natural ...

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TAGS:
economy
recession

The Upside of Economic Carnage

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You may have heard the phrase "creative destruction." Well, now you're living in it.

Economist Joseph Schumpeter coined the concept in the aftermath of the Great Depression to explain how, in a free market economy, the death of obsolete companies and industries makes way for newer and better ones.

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TAGS:
recession
economy

Why Credit Card Fees Won’t Go Up

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The bankers make it sound like a certainty: New rules limiting high credit-card interest rates and other usurious practices are going to cut into bank revenues, so they’ll have to make up the difference somewhere. That means fees have to rise for everybody else. It’s just a truism, see, the way ...

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The Chart That Launched the TARP

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Last fall, as the financial crisis was mushrooming, officials from the Treasury Dept. and the Federal Reserve had a hard time explaining to members of Congress why they needed a $700 billion emergency rescue plan.

That’s because regulators weren’t alarmed about stock prices, which most people ...

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