Economic Crisis

NEW YORK (AP) — Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers. SEE ALSO: Take That! Walmart Shopper Punches Greeter For Checking Her Receipt The closings are the latest and most visible in a long […]

WASHINGTON (AP) — Squeezed by rising living costs, a record number of Americans – nearly 1 in 2 – have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. […]

A new study released Tuesday by the National Center on Family Homelessness reports that a growing number of children are being left without a roof over their heads as result of America’s economic downturn. SEE ALSO: If Obama Loses, What Will He Do Next? According to the report one in every 45 children in the […]

While everyday Americans suffer in these tough economic times, big banks, largely responsible for the crisis with their “too big to fail” power, enjoy record high profits. In a grassroots effort to get back at these institution, communications firm Fearless Revolution has created a step-by-step guide to leaving your big bank and joining a credit union. Fearless Revolution […]

While Detroit was once a shining emblem of American ingenuity and industry, the Motor City is now facing a $155 million deficit, a declining population and struggling to survive the nations economic downturn. At the same time, America is facing similar peril _ joblessness, deficit, and national sense that things are not getting better. The […]

  New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows.