Consumer Credit Drops For Sixth Straight Month

Consumer credit fell for the sixth straight month in July, dropping more than five times as much as forecast. According to a Federal Reserve report issued Tuesday, consumer credit fell $21.6 billion to $2.5 trillion. That figure is ... continue

The new “ghost towns”

Far from the kind that bring madcap Brady Bunch adventures, the NY Times recently commissioned a series on "the ruins of the second gilded age." Since the real estate market began tanking in the US, tales of modern ... continue

Could This Economic Downturn Be The Best Thing To Happen To Web 2.0?

Mark Evans put it more kindly than I would when he said in a post this morning that "Seesmic illustrates the ugly side of the Web 2.0 landscape". Mark's point being that there are a lot of ... continue