Look at how GDP as risen steadily since 1980 but income per capita has barely risen. Where is all that money going? Source: Business Pundit

money, Politics, Recession, unemployment Hide

Japan has always been on the forefront of small spaces, but the global recession has forced some in the crowded country into even smaller spaces. Down on their luck, out of work or just low on time after a commute many in Japan are making capsule hotels their permanent residence. With several square feet of [...]

capsule, hotels, japan, Recession, tiny Hide

Hot on the heels of Ann Minch’s Debtor Revolt another consumer hero has taken a stand against a too big to fail bank. Ben Pavone, like many Americans, has had his interest rate raised and credit limit slashed due to fluctuations in the market. His response: Refuse to pay and sue them if they go [...]

Bank of America, credit cards, credit score, law suit, Recession Hide

Update 2009-12-11: It appears that BillionaireXchange has taken their website behind a membership wall. Peasants will no longer be able to view the merchandise. I can only assume, although I have no evidence, that BillionaireXchange was embarrassed by the complete and total lack of bids. Saw this little gem the other day on Reuters: Online [...]

auction, billionaire, Recession Hide

Hear any news lately about the rate of foreclosures decreasing? Well most of those are month to month comparisons. Compared to last year we are still up 29%. For Q3 937,840 homes were in foreclosure. That’s 1 in 136, compare that to celiac disease (gluten sensitivity) at 1 in 133, when will we start to [...]

foreclosure, Recession Hide

The economic woes of Iceland have caused it to possibly be the only country too poor for McDonalds. Most of the ingredients used at the only McDonald’s franchise have to be imported and are all priced in Euros. The franchise operates 3 stores for a country with about 300,000 people. Recently the Icelandic krona has [...]

iceland, McDonald's, poor, Recession Hide