How bad is the crisis going to get?
36 hours in September changed the world. When investment bank Lehman Brothers collapsed, the credit crunch became a global financial crisis. But how bad is that crisis? Was it wrong to let Lehman fail? Or was Lehman just a symptom not the cause of the chaos in the global economy? Tough questions, and the World … Read more
Fear Factor: This Is Your Brain in an Economic Crisis
Three weeks after the stock market crash in 1929, Lawrence J. Fava jumped into the Schuylkill River in Philadelphia. He was a middle-aged real estate dealer, and he was “frantic” about the losses he had suffered, according to his suicide note. He left the note on the Girard Avenue Bridge and then leapt into … Read more
Are Bad Times Healthy?
By TARA PARKER-POPE New York Times, October 6, 2008. Most people are worried about the health of the economy. But does the economy also affect your health? It does, but not always in ways you might expect. The data on how an economic downturn influences an individual’s health are surprisingly mixed. It’s clear … Read more
