I just hope I die before all the newspapers do. Not to be maudlin or to tempt my creator, but the recession, burdensome debt and the ad-stealing Internet portend the extinction of newspapers I can’t do without. Tribune Co.’s bankruptcy ...

Tagged with: Fannie Mae Gannett Co. McClatchy Co. New York Times Co. newspaper Newspaper Association of America recession Tribune Co. Warren Buffett Washington Post

U.S. law firms, including Orrick, Herrington & Sutcliffe; Shearman & Sterling; and WolfBlock, are abandoning tradition as they cut costs in the deepening recession by imposing merit pay, slashing salaries and generally putting an end to decades of associate entitlement. ...

Tagged with: DLA Piper Holland & Knight Latham & Watkins layoff Orrick Herrington & Sutcliffe recession Shearman & Sterling White & Case WolfBlock

I’m not going to mention it. Not today. For at least 700 words of print on this page, there will be no reference at all to it. That thing. We started talking about it last year. Now we can’t stop ...

Tagged with: economy layoff recession

President Barack Obama signed into law one of the biggest economic rescue efforts in U.S. history, a $787 billion stimulus bill that he says will restore some of the jobs lost in the recession and secure future U.S. growth. “I ...

Tagged with: Barack Obama economy foreclosure recession stimulus

Clifford Chance, the world’s largest law firm by revenue, will reduce its partnership ranks under a restructuring plan designed to combat the financial crisis that has hobbled U.K. law firms’ biggest clients. The restructuring plan will be reviewed by the ...

Tagged with: Clifford Chance cutting costs largest law firm London recession restructure

After a year of denying the U.S. economy was in recession, the herd has turned and is charging full speed in the opposite direction. Now there’s no chance we’ll ever get out of this mess. The financial system is broken. ...

Tagged with: Ben Bernanke economy Federal Reserve Great Depression Northern Trust Corp. Paul Kasriel recession

ELTEK International Laboratories has been doing business in St. Charles for 22 years, but very few people here know this company even exists. That’s too bad because it is an impressive operation, as some city officials and I learned last ...

Tagged with: Edward Van Vooren ELTEK real estate recession St. Charles

The engines that have lifted the U.S. economy out of every recession since World War II will be of little help this time around. Inventory rebuilding, household spending, home construction and payroll growth – the forces that powered, to a ...

Tagged with: Ben Bernanke economy Federal Reserve Goldman Sachs Corp. James O'Sullivan recession UBS Securities