Nearly two years ago I wrote in this paper that popular fantasies about an increase in consumer spending turning around the economy were a joke. At that time the worst of the housing and credit crisis was becoming manifest, and foreclosures were beginning to soar. The bailout funds had made their way … Read the rest

There have been many articles written about abuse and exploitation of the world’s environment; over-fishing of the oceans, deforestation of the rain forests, and extinction of various species of birds, mammals and amphibians. What’s not covered as often is the depletion of the American wallet.… Read the rest