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Some members of the nouveau riche are being forced to cut back.

Mark Thoma points to San Francisco Fed research on the lasting effects of the past decade’s run-up in consumer debt and current “deleveraging” on the U.S. economy and American consumers.

This spring’s 2.3 million newly minted college grads are understandably worried about their economic future. So where are this year’s college grads heading? A recent survey lists the best places for college grads to launch their careers.

Announcement of Richard Florida’s addition to the Atlantic’s team of correspondents and bloggers.

Richard Florida has a new blog on the Atlantic website. His first post is about a new Pew poll on American consumption patterns that Felix Salmon and the Economist and others have commented on.

The main cause of the new foreclosure wave appears tied more to the real economy than to the financial mess.

Will Wilkinson, a research fellow at Washington’s Cato Institute wrote this terrific essay on Toronto’s largely successful experiment in immigration – its global-straddling ethnic mosaic.

Less than a month after taking office, the Obama administration unveiled its massive stimulus package aimed at recharging the lagging American economy – a staggering three-quarters of a trillion dollars. As the Harper administration rushes to dole out a $40-billion stimulus of its own, it’s high time to ask a simple question: Are we stimulating the right things?

Richard Florida visits Russia this month and discusses the country’s push to develop more of a market-based economy, having abandoned its state-run economy to the historical dustbin as well as drawing upon the similarities between the youth of both Russia and the U.S.

The 100 Best Business Books of All Time. What They Say, Why They Matter, and How They Can Help You.