One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Historians will look to September 2008 as a watershed for the U.S. economy.
TVNL Comment: Keeping consumers in constant debt is the strategy that feeds capitalism as we know it. Don't kid yourself. The cycle will crawl back and debt will rule once again.
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
