Recession reactions: hunkerers and builders

There are the hunkerers and the builders. Those are the two basic reactions to the recession that Jill Dychè observes. She’s a principal down at Baseline Consulting, and she reports seeing more builders. The hunkerers “are using the economy as an excuse for a fair bit of inertia,” she emails. But the builders are using [...]

Recession: Government workers say one thing’s for sure

Members of the “large government organization” my secret source addressed on Thursday are sure of one thing: One day, someone with authority is going to walk in and demand records, complete records, on where how they used the Troubled Asset Relief Program money. These visitors will ask to see where money went and how it [...]