RECESSION The Movie

From the guys who brought you "The Iraq War", comes a sequel unlike anything you've ever seen: RECESSION !
Here.

COMMON WEALTH Economics for a Crowded Planet

The challenges of sustainable development - protecting the environment, stabilizing the world's population, narrowing the gaps of rich and poor and ending extreme poverty – will render passé the very idea of competing nation-states that scramble for markets, power and resources.

Read this letter to Jeffrey Sachs.

Hillary Clinton: recession here now

President Bush, seeking to bolster faith in the economy amid fears of a recession, acknowledged on Friday the United States was going through hard times but said growth would resume over the long run because economic fundamentals were sound.

Democratic presidential candidate Clinton countered that much of the country was already in a recession.

With oil prices at record highs, the mortgage market on the verge of meltdown and the specter of recession looming, Bush has been scrambling to halt the slide in the economy.

Read it all here.

The End of Oil As We Know It

From the New York Times:

The Age of Oil is at an end. Maybe not this year. Maybe not for five years. But signs of the coming collapse are evident.

Start at the White House. There, a week ago, President Bush touted tax breaks for oil companies that have just posted the largest profits in the history of American business. Yet he was dumbstruck when asked about the prospect of $4-a-gallon gasoline, a price that will force many families to choose between food and basic travel.

“Wait — what did you just say?”, the president asked after a reporter solicited his advice for Americans facing that price, which was predicted by many analysts.