Rick Newman


August 2010


5 Economic Flubs That Will Cost Democrats Most

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Get ready to rumble. The fall elections are going to be a shouting match over President Obama's first two years in office, with the Democrats likely to lose no matter how loudly they bellow. In addition to battling the usual midterm snapback, Democrats must explain a slip-sliding economy that's not ...

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TAGS:
Democratic Party
Republican Party
Congress
voters
Obama administration
Obama, Barack
Ryan, Paul
2010 Congressional elections
elections

Why Housing Is Even Worse Than You Think

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Shocking. More than three years after the housing bust began, forecasters are still overestimating the strength of the housing market. The latest sales numbers for existing homes, which took a steep, unexpected plunge, triggered a fresh bout of national gloom and stock-market selloffs. Record-low ...

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How To Survive a 'Zombie Economy'

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Imagine if the U.S. economy grew just 1 percent per year over the next 20 years. The Dow Jones Industrial Average would plunge by 60 percent, to less than 4000. The average price of a home would fall by nearly 50 percent, from $184,000 to about $100,000. The economic carnage would make the Great ...

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TAGS:
economy
recession

How Lady Gaga Embodies America's Prosperity Trap

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The poor kid. She felt tormented in high school, where the rich(er) kids were mean and other students regarded her as a freak. Her parents were strict. She tried to be different and found it tough. When she succeeded, other people tried to claim credit for it.

You could almost feel sorry for Lady ...

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TAGS:
celebrities

How Steve Slater Channeled America's Rage

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We're angry. Fed up. Sick of people. It might not show when you stroll through the neighborhood or browse the mall, but when the opportunity arises, boy, do we vent.

Steve Slater has unwittingly provided such an opportunity. Slater is the now-famous JetBlue flight attendant who cursed out a planeful ...

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TAGS:
airlines

5 Reasons Companies Still Aren't Hiring

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This is getting tiresome. Since late 2009, corporate profits have been surging, yet companies are hoarding cash instead of hiring more workers.

In the latest earnings period, three-quarters of all S&P 500 firms reported higher sales and profits, with the majority beating Wall Street's earnings ...

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TAGS:
employment

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