When artist Aaron Heideman lost his job at a paint-supply store, he decided it was time for a change. But his was a little more radical than most: He sold all of his possessions and started living in a van—a choice that could yield him $250,000. Read More
For the nearly 15 million Americans who remain out of work, the holiday is just another day of drawing down savings and wondering where the mortgage payment will come from. Read More
With fiscal deficits now spinning out of control, Congress should keep its promise to taxpayers and use bank dividend payments to offset existing spending programs, not use it for even more new spending. Read More
Posted By:William Dunkelberg, Economics Professor, Temple UniversityCNBC Guest Blog
The latest and greatest proposed reform of the financial system seems to set incentives in the wrong direction, writes William Dunkelberg, Economics Professor at Temple University. Read More
We're all funding the Great American Bailout. So where's your check? Three guys in Austin who were having a few brews at the local pub were asking just that. Being true Americans, they decided if they couldn't get a bailout, they'd make a bale of money by mocking the bailout. Read More
In an opening statement before questioning GM CEO Fritz Henderson and Chrysler President Jim Press, Sen. Haynes said, "The deal is done." It was a painfully succinct summary of why thousands of auto dealers upset about losing their affiliations with GM and Chrysler are unlikely to find relief in Washington. Read More
Now that the U.S. Government owns most of General Motors, will the new management get involved in car design? The President says no, but the creative minds behind this snarky YouTube video disagree. Read More
I'm once again out in Victorville, California, at Greiner Buick-Pontiac-GMC. It's beem just two weeks since my last visit, the day GM notified which dealerships would not have their contracts renewed next year. Greiner survived, and since that day, David Greiner says business has actually picked up, from about two cars sold a day to four. Read More
Somewhere Walter P. Chrysler and Alfred Sloan are shaking their heads. The men who left an indelible impression on the American auto industry must be watching what will happen today and wonder, "do these guys really have a shot at making it?" Read More