PSFK stopped by Times Square on Tuesday to check out Uniqlo's Human Vending Machine for their HEATTECH apparel line. The booth was set up on a narrow concrete island. There were tons of people already in line to get to the free stuff. Prior to reaching the booth, there...

It is my belief, based on a day-by-day analysis of the situation as it pertains to my own sector and the economy as a whole, that Wall Street should be shut down immediately and re-opened to people who can prove their sanity on January 2.

We don't let people drive...

Since Scott Gilmore is doing a great job chronicling the day-to-day of the landmark human rights trial of Bowoto v. Chevron, I thought I would turn my attention to one of the masterminds behind Chevron's defense.

As this trial moves into the 4th week, one of the...

Treasury Secretary Paulson is clearly improvising.

According to the Washington Post, at the time that Lehman Brothers was teetering on the verge of collapse, Secretary Paulson warned of the dangers of repeatedly offering government guarantees to companies. Just three days before Lehman failed, Paulson reinforced the point, telling reporters...

Reading the news it's not clear if we're going to give Detroit the money to keep them going for a while longer. Pretty sure we can't afford not to, and of course they'll be coming back for more next year, and that's probably a good thing, cause it's time...

by Paul Kiel, ProPublica

The South Financial Group, South Carolina's largest bank, announced earlier this week that it had been approved to receive $347 million from the U.S. government. But the bank's founder and longtime CEO Mack...

With worldwide equity markets down by 40 - 50%, it seems virtually certain that we are already falling into a depression. Hopefully it will be far smaller than the Great Depression of the 1930's where the economic contraction was 40%. But a 10% or a 20% contraction of GDP is...

We all focus on the headlines ... those prominent stories that dominate the front pages or first few minutes of news.

As someone who has followed the current financial meltdown carefully, I find that I have learned much more from stories nowhere near the headlines.

Here are examples from just...

Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the Michigan, Ohio, and Indiana along with them.

The story...

And a white blinding light
Makes it all seem so right
And you feel like the king of the hill

-Roger McGuinn

At the beginning of John F. Kennedy's administration, Vice President Lyndon Johnson told Speaker Sam Rayburn about the well educated, Ivy League aides that Kennedy had...

Petaluma, Calif. - President-elect Obama's pre-election promises to end dramatic and well-documented abuses in federal small business contracting programs are conspicuously absent from the "Agenda" on the new Obama-Biden Change.gov website.

In February Senator Obama released this statement, "It's time to end the diversion of federal small business contracts...

One of my very hostile but articulate readers, Mike from Spokane, gives me both barrels between the eyes this morning. I think Mike thinks I won't publish it, because I'm a panty-waist business type swilling gin at breakfast. Here's what he says:

Bing...with all due respect (as you recently stated...

Well, it looks like the jig is up, the party's over, the lights are out and Detroit has left the building.

And instead of a $25 or $50 billion golden goose, it appears Chapter 11 bankruptcy, which allows a company to stay in business while they reorganize with a government...

It's interesting that while no one knew exactly what the consequences would be if the U.S. Treasury failed to ride the rescue of mismanaged big banks, everyone pretty much DOES know what the consequences will be if Congress stiffs the mismanaged and cash-strapped domestic auto industry. Yet a significant portion...

I never believed I would agree with something Mitt Romney had to say but today I do. For the past two years most statements coming from him were mired in presidential campaign hokum. In today's Op-Ed piece in the New York Times, however, we were given the chance to...

Congress might as well be arguing about the sale of the state of Michigan as it debates the proposed bailout of the Big Three automotive makers.

Whatever message voters sent to the GOP on Tuesday, Nov. 4, it's become increasingly apparent the party leadership has not received it. The remarks...

Tucked into one of two possible Senate "vehicles" for the auto industry bailout is a seemingly benign, even sweet, deal: tax relief for new car purchases. Senator Barbara Mikulski, Democrat of Maryland, introduced the legislation on Monday and Senator Reid included it in a larger stimulus package offered...

There was once a wall on what is now Wall Street.

For many years it was walled off from what's called the real economy, the place most of us live, work, pay bills, run up debt and earn a living. Today, we seem to be walled off from where...

Trust allows a team to move fast and make more money. It's a simple but true fact so often neglected inside companies. It comes down to two simple issues that are an advantage in a culture of trust and a huge liability in a culture of politics and mistrust: