How did once run-down neighborhoods like Times Square and the Bowery become such gleaming jewels of New York City geography? It took time, but a process known as gentrification transformed these areas into some of the hottest properties in New York.
According to some economists, the most recent U.S. recession ended in June 2009, but why can't we see it? It may surprise you to learn that the economy is showing signs of life, and here are 10 of the most vital.
Remember when airlines served full meals or when you could hear your favorite up-and-coming band on mainstream radio? Those days are gone thanks to governmental deregulation. Here are a few other effects of deregulation that we didn't see coming.
Free enterprise means unfettered industry powered by profit-focused individuals. But after the labor and finance abuses of the Gilded Age, many people felt the men at the top got too much of the pie. Where are we now?
It might seem impossible for a stagnant economy and high inflation rates to coexist, but that exact situation -- known as stagflation -- existed in the 1970s. Could it happen again? How can it be prevented?
An economic bubble forms when an asset is allowed to irrationally increase in value before crashing down to earth and leaving a financial mess behind. As the global economy continues its freefall, people are waiting for the next bubble to pop.
Research shows that happy workers are productive ones, so the tiny Kingdom of Bhutan took the radical step of measuring the impact of the country's happiness on its economy. Is Gross National Happiness a reliable economic indicator?
We can't live without food. But sometimes instead of nourishing our bodies, it can actually kill us. And it's no cheap (or easy) task to get that food off the market. These are 10 of the biggest food recalls in history.
When you want sound financial advice, you probably don't think to consult the woman selling $30 tubes of lipstick at the cosmetics counter. But could she have a better handle on the whims of the economy than your CPA does?
In the type of free market Adam Smith, father of capitalism, imagined, markets would correct themselves in the face of recession by weeding out weak businesses and individuals. Why bail out bad failing business, then?
Imagine a world without cash or credit cards. You'd barter to get what you need and want. Today, people and businesses are still trading goods and services. But can these cash-free transactions be taxed?
Bleak images from the Great Depression strike fear in the hearts of people who believe that a recession in the United States could cause history to repeat itself. But does recession always lead to depression?