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David Dayen: The Uprising of the Second Tier in a Time of Late Capitalism
1 hour ago - Naked Capitalism - May 22, 2013 12:30 AM
The past several years have demonstrated the obvious point that inequality and depression will combine to produce flares of mass social unrest. You see this in Europe and the Middle East, where rising food prices had as much to do with the Arab Sprin
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Portland Light-Therapy Bar Treats Winter Depression While You Get Drunk
7 hours ago - Huffington Post - May 21, 2013 6:28 PM
We can already see Fred Armisen and Carrie Brownstein acting out a Portlandia skit here. Portland, Ore., is getting its very own heliotherapy bar called...
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Is Obama's Government Too Big To Succeed?
1 day ago - Business Insider - May 20, 2013 3:48 PM
President Obama can claim to have killed Osama bin Laden. He can reasonably take credit for helping to avert a second Great Depression. But Obama has yet to master his management of the federal government, as shown this month by the disturbing revela
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Here's The Latest Look At The 'Real' Mega Bears
2 days ago - Business Insider - May 20, 2013 5:51 AM
This is a chart that people don't much look at these days. It's updated semi-regularly by Doug Short, and it compares the great US bear market (starting in 2000) with the great Nikkei bear and the Great Depression bear. For awhile all 3 were looking
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Lundbeck says drug shows improvement in depression symptoms
3 days ago - Reuters - May 18, 2013 1:59 PM
COPENHAGEN, May 18 (Reuters) - Danish pharmaceutical group Lundbeck and Japanese partner Takeda said on Saturday that data from clinical phase III studies with the antidepressant vortioxetine had shown significant improvement in patients' symptoms.
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Lundbeck says drug shows improvement in depression symptoms
3 days ago - Reuters - May 18, 2013 1:59 PM
COPENHAGEN, May 18 (Reuters) - Danish pharmaceutical group Lundbeck and Japanese partner Takeda said on Saturday that data from clinical phase III studies with the antidepressant vortioxetine had shown significant improvement in patients' symptoms.
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More Foreclosures and Suicides than During the Great Depression
5 days ago - ZeroHedge - May 17, 2013 11:31 AM
The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: Foreclosure rates of the late 2000s are often compared with those of the Great Depression, which took place
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Jodi Arias Victim's Brother: 'I Don't Want To See My Brother's Murderer Anymore'
5 days ago - Business Insider - May 17, 2013 9:30 AM
PHOENIX (AP) — Steven Alexander stood before the jury, looked up at a family picture and grimaced and cried as he ticked off the list of problems that have befallen him in the five years since his brother was murdered: ulcers, depression, a sep
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That's a 'Depression': Europe's Double-Dip Is Officially Longer Than Its Great Recession
5 days ago - The Atlantic - May 16, 2013 4:16 PM
History is repeating
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Europe’s depression deepens
6 days ago - Naked Capitalism - May 16, 2013 1:55 AM
By Delusional Economics, who is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness. Not that it should be a surprise to most MB readers, but the economic data coming
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Europe's Permanent Recession
7 days ago - TheStreet - May 15, 2013 7:38 AM
NEW YORK (TheStreet) -- On May 6, I wrote Europe was in danger of falling into a permanent recession -- a depression.Now, the European statistical agencies report France joined Italy and Spain's recessions during the first quarter, and economic activ
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Call It a 'Tech Depression': Andreessen
1 week ago - CNBC - May 14, 2013 6:01 AM
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Ben Bernanke's eHarmony Profile
1 week ago - ZeroHedge - May 13, 2013 5:21 PM
Name: Ben Joseph Bernanke Nicknames: BenaddictedToPrinting, Benny In For A Penny, Homo Thug Age: Out of Paper - Load MOAR Paper - 0101010101 Born: Great Depression Religion: Keynesianity and Printalam About Me: I'm a selfish pr
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U.S Retail Depression Is 'Good News'
1 week ago - TheStreet - May 13, 2013 1:49 PM
VANCOUVER, Canada (Bullions Bull Canada) -- Perverse reporting of economic data by the media is nothing new. However, what is newsworthy is when that same media explicitly acknowledges such perversity. Such open manipulation of the news was on displa
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Read Between the Lines: IMF Admits Spain is Bankrupt; Get Your Money Out While You Can
2 weeks ago - Mish - May 11, 2013 12:38 PM
It should be obvious to anyone reading this blog that Spain is in an economic depression as well as bankrupt. It is equally obviously that eurozone imbalances and a flawed treaty are to blame.Finding mainstream organizations willing to admit Spain is
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The Hoover-Roosevelt Depression Revisited
2 weeks ago - Mises Daily - May 7, 2013 1:00 AM
This extensive work supplements and verifies Rothbard’s arguments in America's Great Depression and extends theanalysis to the Roosevelt New Deal era.
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AD OF THE DAY: Lexus' 11-Foot, 3D-Printed Puppet Fights Depression And Finds Love
2 weeks ago - Business Insider - May 6, 2013 9:12 PM
A new spot for Lexus features an 11-foot-tall puppet exploring a city at night, fighting depression, and falling in love. The ad is the first in what Lexus is calling its 'Amazing in Motion' campaign. The puppet in the commercial has a 3D-printed bod
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Stress study offers clues for new antidepressant drugs
2 weeks ago - Reuters - May 6, 2013 2:59 PM
* Twenty percent of people get major depression at some time
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The Worst Unemployment Crisis In Modern History Is Unfolding Right Now
2 weeks ago - Business Insider - May 6, 2013 1:59 PM
At 27.2%, Spain is suffering the worst unemployment rate in modern history. Spain is tied with Greece, and is worse than the approximately 25% unemployment rate that the US saw during The Great Depression. The causes, by now, are familiar – the
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Dire Straits for Europe
2 weeks ago - TheStreet - May 6, 2013 10:48 AM
NEW YORK (TheStreet) -- The whole of Europe is headed for a permanent recession--a depression. Austerity and labor reforms can't save it. Radical measures--abandoning the euro and deficit spending in Germany--are the only ways out. Unemployment excee
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Why 'Dr. Doom' Is Buying Stocks (Why I Will Wait on Stock ETFs)
2 weeks ago - TheStreet - May 6, 2013 6:00 AM
NEW YORK (ETF Expert) -- One of the most prominent names in perma-bear predicting, Nouriel Roubini, just advised that you buy stocks for a period of about two years. At that time, the professor expects a global economic depression to rock the world m
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Why 'Dr. Doom' Is Buying Stocks (Why I Will Wait on Stock ETFs)
2 weeks ago - TheStreet - May 6, 2013 6:00 AM
NEW YORK (ETF Expert) -- One of the most prominent names in perma-bear predicting, Nouriel Roubini, just advised that you buy stocks for a period of about two years. At that time, the professor expects a global economic depression to rock the world m
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A Depression May Be in Eye of Beholder
3 weeks ago - WSJ - May 2, 2013 5:03 PM
Determining whether Europe—or parts of it—is in an economic depression is difficult because there is no widely accepted definition.
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Previewing The ECB's Decision
3 weeks ago - ZeroHedge - May 2, 2013 7:10 AM
The Fed may or may not be able to afford schizophrenia regarding the future of its monetary decisions (for now), but the ECB, in charge of a continent mired deep in depression, does not have that luxury. While consensus overwhelmingly expects a 25 bp
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The European Implosion Continues
3 weeks ago - Business Insider - May 2, 2013 4:21 AM
The Eurozone's PMI manufacturing reports for April are out and it's clear that the economy remains in deep depression. The good news is that in many countries things imploded at a less-worse rate than they did the month before. The bad news is that m
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WAIT: Is This A Chart Of Greece Turning A Corner?
3 weeks ago - Business Insider - May 2, 2013 4:07 AM
There's been a meme going around that in recent months, the Greek economy is showing its first signs of modest healing. It's still in a horrendous, depression state that will scar the country for years. But budget balances have been improving, and th
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Europe’s Depression Worsens
3 weeks ago - Naked Capitalism - May 2, 2013 1:02 AM
Yves here. Take note in particular the discussion of the state of play in Italy. Even though other countries under the German yoke are complaining, Italy is the one that can credibly defy Germany, and the Germans know it. I welcome comments from peop
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Study Finds Health Care Use Rises With Expanded Medicaid
3 weeks ago - NY Times - May 1, 2013 5:01 PM
New results from an Oregon study found that Medicaid coverage reduced the rate of depression and made low-income adults more financially secure, if not healthier.
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20 Signs That The Next Great Economic Depression Has Already Started In Europe
3 weeks ago - ZeroHedge - Apr 30, 2013 10:15 PM
Submitted by Michael Snyder of The Economic Collapse blog, The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United S
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Why 'Dr. Doom' Is Buying Stocks (Why I Will Wait On Stock ETFs)
3 weeks ago - Seeking Alpha - Apr 30, 2013 7:06 PM
By Gary Gordon: One of the most prominent names in perma-bear predicting, NourielRoubini, just advised that you buy stocks for a period of about two years.At that time, the professor expects a global economic depression torock the world markets. The
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Is Cyprus Headed for a Depression?
3 weeks ago - CNBC - Apr 30, 2013 10:06 AM
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Euro Area Savings Rate Drops To Record Low, Disposable Income Has Biggest Drop Ever
3 weeks ago - ZeroHedge - Apr 29, 2013 7:56 AM
A month it was the US which saw its savings rate plummet to the lowest since the start of the Second Great Depression... And now it is the Euro Area's turn to see its savings crumble to 12.2% in Q4 2012, from 12.8% previously, the lowest in, well, e
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The Shocking Effect Of Austerity On Our Health
3 weeks ago - Huffington Post - Apr 29, 2013 7:50 AM
By Kate Kelland LONDON, April 29 (Reuters) - Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and...
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And Now Comes A Huge Week For The Global Economy
3 weeks ago - Business Insider - Apr 28, 2013 8:55 PM
Following Friday's mediocre US GDP report, concerns are rising that the US economy is in danger of backsliding. Europe, meanwhile, is in depression, and there are major concerns that China is sputtering out. A bunch of big questions should be answere
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Austerity is hurting our health, say researchers
3 weeks ago - Reuters - Apr 28, 2013 7:01 PM
LONDON, April 29 (Reuters) - Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday.
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Rwanda Is Spain Even As PIMCO/Blackrock Cut European Exposure
4 weeks ago - ZeroHedge - Apr 24, 2013 1:33 PM
When Spanish bonds traded at yields above 7% last Summer, the world's central banks went into a whirlwind to proclaim that these levels did not represent reality (in spite of the depression-era style economic data the nation was spewing). Fast forwar
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UPDATE 1-Lilly profit beats forecast, helped by lower taxes
4 weeks ago - Reuters - Apr 24, 2013 6:53 AM
April 24 (Reuters) - Eli Lilly and Co on Wednesday reported higher-than-expected first-quarter earnings, helped by favorable taxes and higher sales of its treatments for diabetes, depression and lung cancer.
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UPDATE 1-Lilly profit beats forecast, helped by lower taxes
4 weeks ago - Reuters - Apr 24, 2013 6:53 AM
April 24 (Reuters) - Eli Lilly and Co on Wednesday reported higher-than-expected first-quarter earnings, helped by favorable taxes and higher sales of its treatments for diabetes, depression and lung cancer.
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Lilly profit beats forecast
4 weeks ago - Reuters - Apr 24, 2013 6:39 AM
April 24 (Reuters) - Eli Lilly and Co on Wednesday reported higher-than-expected first-quarter earnings, helped by sales of its treatments for diabetes, depression and lung cancer.
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Lilly profit beats forecast
4 weeks ago - Reuters - Apr 24, 2013 6:39 AM
April 24 (Reuters) - Eli Lilly and Co on Wednesday reported higher-than-expected first-quarter earnings, helped by sales of its treatments for diabetes, depression and lung cancer.
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Guest Post: America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.
4 weeks ago - ZeroHedge - Apr 23, 2013 5:31 PM
Submitted by Michael Snyder of The Economic Collapse blog, The United States is a deeply unhappy place. We are a nation that is absolutely consumed by fear, stress, anger and depression. It isn't just our economy that is falling apart - t
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The Hoover-Roosevelt Depression
4 weeks ago - Mises Daily - Apr 23, 2013 1:00 AM
The conclusion of Ohanian’s paper is quite—one is tempted to say “hardcore”—Rothbardian.
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Archbishop's warning over economy
4 weeks ago - BBC - Apr 22, 2013 7:07 PM
It will take "something very, very major" to get the UK out of the economic "depression" it has sunk into, the Archbishop of Canterbury says.
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'New Preface to Charles Kindleberger'
4 weeks ago - Economist's View - Apr 22, 2013 3:49 PM
Brad DeLong and Barry Eichengreen in a new preface to Kindleberger's classic text argue that "We Need a Hegemon Who Won't Drive Us Crazy...": New Preface to Charles Kindleberger, "The World in Depression 1929-1939": ... Three [of Charles Kindleberger
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Stuck in a Trap? Escape-Artist Korea Has Pointers: William Pesek
1 month ago - Bloomberg Opinion - Apr 20, 2013 7:00 PM
Five years after the worst economiccrisis since the Great Depression, developing nations confront anasty pair of threats: an excruciatingly slow global recovery,and the tsunami of easy money that rich-world central bankershave unleashed as they try t
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Someone Warn This Time-Traveling Cookie Box About The Great Depression
1 month ago - The Consumerist - Apr 19, 2013 11:46 AM
Who knew that they had delicious off-brand Thin Mints at the beginning of the 20th century? We didn’t. Yet John discovered this box of cookies that expired way back in 1914. Yet it has a UPC and brags that the cardboard is 100% post-consumer wa
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Paul Krugman: The Excel Depression
1 month ago - Economist's View - Apr 19, 2013 3:24 AM
Will the "Reinhart-Rogoff fiasco" change "the obviously intense desire of policy makers, politicians and pundits across the Western world to turn their backs on the unemployed and instead use the economic crisis as an excuse to slash social programs"
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USA TODAY founder Al Neuharth dies at 89
1 month ago - USA Today - Apr 19, 2013 2:42 AM
He rose from a poor, fatherless childhood in the Depression Dustbowl of South Dakota.
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German Central Bank Chief Hopes You’re Not Banking On That European Recovery Any Time Soon
1 month ago - Dealbreaker - Apr 17, 2013 3:37 PM
Bundesbank President Jens Weidmann does not mean to alarm you, but he thinks that Europe’s, um, difficulties could take a while to resolve. He’s just spitballing, but, you know, maybe longer than the Great Depression. “Overcoming th
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Three Cheers for Alkermes Running a Depression Study in the U.S. of A.
1 month ago - TheStreet - Apr 17, 2013 10:26 AM
DUBLIN (TheStreet) -- First thing I did after reading Alkermes'announcement about positive results from a mid-stage study of its depression drug ALKS 5461 was to make sure the company didn't enroll patients in India. Investors know from past, painful
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