Carrying cash is a good way to monitor your spending (photo courtesy of flickr.com).

Let’s face it. Generations X and Y are not known for their thrifty ways.

Source: The National Portal of India

Three groups of countries are in the race to get out of the global recession: European countries like Greek and Spain are left behind, still fighting with their debt crisis. The United States, Canada and Australia are recovering and moving in the right direction. And emerging economies like India and China [...]

At the beginning of the last decade, I was on the verge of graduating from an engineering program and pretty much clueless about what I would do next. I was without a job and with strictly average college grades.

That was until I got caught up in the dot-com bubble.

Devon Avenue, the South Asian hub of Chicago, seems empty nowadays. The 11th largest economic corridor in Chicago has vacant parking lots and shops dotted with sublet or for sale signs. The story, of course, is a common one during the Great Recession.

Saving Techniques

How are your fellow Chicagoans saving money? Jeniece Pettitt talked to people in Daley Plaza to find out.

Image via Jmtimages/Flickr.com

BY KATIE ROGERS – MEDILL NEWS SERVICE

When we asked you to grade President Obama’s fiscal strategy so far, an overwhelming number — nearly two-thirds — voted for a grade of “F.” A sample of 39 people isn’t a lot to draw conclusive answers from, but with [...]

President Obama's Aug. 5, 2009 Wakarusa, Ind. speech — in Wordle format.

BY KATIE ROGERS – MEDILL REPORTS

Shares of Warrenville, Ill.-based Navistar International Corp. jumped Thursday following a Wednesday visit by President Obama to the company’s Wakarusa, Ind. Monaco RV manufacturing plant.

Navistar shares [[NAV]] were up more than 2 percent [...]

Roadsidepictures/Flickr.com

BY KATIE ROGERS– MEDILL NEWS SERVICE

By attracting weary, worried customers with dirt-cheap food options, there’s no doubt that McDonald’s Corp. became a corporate anomaly amid the severe recession.

But after such a rapid period of growth in the first quarter, some analysts think the fast food giant might not have anywhere [...]

Unemployment self-portrait by Diego Cupolo/Flickr.com

BY KATIE ROGERS – MEDILL NEWS SERVICE

On the heels of Tuesday reports indicating green shoots in the Chicago area housing market, and the Fed’s Beige Book Wednesday suggesting a slightly more optimistic economic outlook, The Bureau of Labor Statistics released a bleaker [...]

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

The annual shopping spree synonymous with the start of the school year will be a little less grand this year. Parents worried about their finances in the recession plan to spend less this fall when jaunting off to GapKids, Kohl’s or Walgreens to [...]