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Economic Recovery

On Labor Day, Goodwill Sees Reason for Hope, Time to Build Skills

Jim Gibbons | Posted 05.25.2011 | Business
Jim Gibbons

Many local Goodwills around the country are placing people in employment opportunities in diverse industries such as technology, healthcare, food services, banking, computer programming and manufacturing.

Tony Soprano To The Rescue As Gov't Faces Mob Threat

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Inside a transcript based On top secret National Security Agency surveillance tapes, Tony Soprano discusses the stimulus.

The Recovery Act in Action

Jared Bernstein | Posted 05.25.2011 | Business
Jared Bernstein

The Recovery Act is working, and if you're only noticing that things are still bad without noticing that they're getting better, you're looking at the wrong benchmarks.

The "Fits and Starts" Recovery

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

At the beginning of the year GDP was dropping and we were bleeding jobs at 600,000/month. Given that, we're not going to rebound to a 3% growth rate in a few months; it's just not going to happen.

The Millenium's Challenge

Jaime Pozuelo-Monfort | Posted 05.25.2011 | World
Jaime Pozuelo-Monfort

The MCC has been praised as an innovative instrument of foreign aid and is an interesting experiment in trying to keep money out of the hands of gangsters.

What Will an Economic Recovery Build Upon?

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

The economy: Has it bottomed? Are we recovering? Will we see a "V" shaped bounce? Or a "U"? Or a "W"? Let's examine exactly what is going to lead this economy out of our deep recession.

The Myth of the Black Swan

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

This is the third time that I have been through an economic event where there were groups of people who said the old methods of analysis didn't apply. As I will demonstrate, nothing could be farther from the truth.

What the Hell Is a Jobless "Recovery?"

Daniel Denvir | Posted 05.25.2011 | Politics
Daniel Denvir

The government, media and establishment economists are measuring recovery by the GDP and stock prices, the same measures used to qualify our previous bubbles as reflecting real economic well-being.

30% Unemployment, Pre-Recession: Immigrant Communities Need Real Recovery

Seth Freed Wessler | Posted 05.25.2011 | Politics
Seth Freed Wessler

For communities of color, 'recovery' can be a vapid term. People of color consistently face rates of unemployment higher than what whites experience in the worst recessions.

Too Soon to Call a Housing Bottom

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Consensus seems to be that the housing market bottomed. But I have my doubts.

Recovery in Sight? Not for Schools

Tom Vander Ark | Posted 05.25.2011 | Politics
Tom Vander Ark

With staggering unemployment in low income and minority communities, trouble expanding access to health care, and school funding likely to be lousy for years to come, it's a tough time to be an urban kid in America.

Bernanke Says U.S. Economy On Cusp Of Recovery

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

JACKSON, Wyo. — Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying th...

Job Market Could Lag Economic Recovery

AP | By CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business


More Signs of an Economic Bottom Emerge

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

We're not talking about one country; we're seeing data emerge from a variety of countries on a variety of continents that growth is returning. We have strong reason to believe the worst is over.

Searching for the Crisis and Finding It

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Out in the street, you notice fewer cabs and town cars. There are retail vacancies on every block. Stores are discounting everything. When JC Penny opened in Midtown, 15,000 people applied for 500 jobs.

Transportation Secretary: 'Cash For Clunkers' Will End Soon

AP | KEN THOMAS and DAN STRUMPF | Posted 05.25.2011 | Business

WASHINGTON — Transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for sales made under the Cash for Cl...

Nouriel Roubini: A Phantom Economic Recovery?

Business Standard | Nouriel Roubini | Posted 05.25.2011 | Business

Data from the US -- rising unemployment, falling household consumption, still declining industrial production, and a weak housing market -- suggest th...

Citigroup's Asset Guarantees to Be Audited by TARP | Posted 05.25.2011 | Business

Citigroup Inc.'s $301 billion of federal asset guarantees, extended by the U.S. last year to help save the bank from collapse, will be audited to calc...

Retailers Try 1-Cent Sales In Hopes Of Luring Costumers | Sandra M. Jones | Posted 05.25.2011 | Business

Dump out the coffee cans, car ashtrays and the bottom of your purse. The lowly penny, which almost was taken out of circulation three years ago, is ma...

Economic Recovery: Wall Street and Main Street Diverge Again

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Why is Wall Street sure that things are honky-dory, while Main Street is plagued by anxiety? Because Main Street has started to accept the reality of the past 20 years and change its behavior.

Banking: Transfer Toxic Assets to a New RTC

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.

The Rise and Fall of Artificial Wealth

Michael D. Intriligator and R. Kyle Martin | Posted 05.25.2011 | Business
Michael D. Intriligator and R. Kyle Martin

Christina Romer, Chair of the White House Council of Economic Advisors, said she is "incredibly confident" the U.S. economy will recover within a year. We disagree.

The Signs Don't Point To a Typical Recovery

Washington Post | Neil Irwin | Posted 05.25.2011 | Business

Washington Post: The wounded U.S. economy has shown signs of improvement in recent weeks. But many economists, who were caught off guard by the bruta...

What A Jobless Recovery Today Means For Tomorrow?

Leo Hindery, Jr. | Posted 05.25.2011 | Politics
Leo Hindery, Jr.

How can we carry out important national missions such as health care reform and energy reform when nearly 30 million workers are effectively unemployed?

Reinvention is the New Black

Tevis Trower | Posted 11.17.2011 | Healthy Living
Tevis Trower

If either your bank account or your emotional reserves are bleeding red, reinvention just might get you back to a positive balance.