RecessionAntidote

Is the American recovery fast or slow? Depends on who you ask. The Wall Street Journal sees corporate America merrily rolling along while Main Street suffers. The New York Times warns that Wall Street is about to feel the pinch too. But nobody is all that optimistic about Greece today.

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.

President Barack Obama will call for new rules allowing business to deduct from their taxes through 2011 the full value of the purchase of equipment. The planned deductions are intended to encourage companies to invest in equipment such as computers and utility generators, stimulating the economy...

What will the stimulus really cost? The Congressional Budget Office estimates $814 billion. That's less than the office's estimate of $862 billion in January, but more than the original estimate of $787 billion.

The consumer savings rate jumped to 6.4% in June, the highest it has been in a year. But this isn't exactly good news. Sure, it's a natural response to the crisis, but it's spending that drives GDP growth. So where will the next GDP growth surge come from? Our writer's theory: Corporate fear.

A report by the Congressional Oversight Panel credits the $700 billion Troubled Asset Relief Program with keeping the financial system from collapsing in late 2008, according to The New York Times. But the panel also criticizes Treasury Secretary Tim Geithner for keeping TARP's purpose vague --...

A UCLA professor has come up with a wild idea to help prevent the next financial meltdown. He doesn't propose expensive regulations and mechanisms of enforcement on financial actors. Instead, he suggests that swift and decisive punishment of the biggest instigators of financial mayhem could scare...