Great Depression

U.S.A. 2008: the Great Depression

From independent.co.uk
April 3rd, 2008

independent.co.uk — Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in October, 28 million people in the US will be using government food stamps to buy essential groceries, the highest level since the food assistance programme was introduced in the 1960s.

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Michael Kwiatkowski's picture

News of the Depression is slowly beginning to spread.

By Michael Kwiatkowski
April 2, 2008

If you're at all familiar with Michael Fox (the columnist, not the actor), and you're trying to decide if the current economic crisis is a recession or a full blown depression, he certainly makes it hard to be optimistic. Back in November, Mr. Fox reported that the New Depression had already begun. more »

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