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Great Depression

Homeownership Rates Take Their Biggest Drop Since The Great Depression

The Huffington Post | Alexander Eichler | Posted 12.06.2011 | Business

During his presidency, George W. Bush spoke of his vision for an "ownership society," an America where anyone and everyone who wanted to could stake a...

Long-Term Unemployment Makes Working A Dim Memory For Many

AP | CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER | Posted 12.06.2011 | Business

WASHINGTON — For more Americans, being out of work has become a semi-permanent condition. Nearly one-third of the unemployed – nearly 4.5...

Cities Where Black Unemployment Is Rising Fastest

The Huffington Post | Harry Bradford | Posted 12.05.2011 | Business

Of all demographic groups in the United States, the black community has been hit hardest by the unemployment crisis. Indeed, the percentage of current...

The Name of the Game is Confidence

Kevin L. Petrasic | Posted 12.05.2011 | Business
Kevin L. Petrasic

Whether in matters of the heart, business, politics or the economy, the key to all successful relationships is confidence.

'Depression' Again Being Used To Describe Economic Landscape

Posted 12.05.2011 | Business

(Mike Dolan) - You know it's grim when the prevailing debate among economists and historians is whether the world economy faces the "Great" depres...

Bonnie Kavoussi

Krugman Argues For Spending Similar To World War II | Bonnie Kavoussi | Posted 03.02.2012 | Business

Paul Krugman, the Nobel Prize-winning Princeton economist and New York Times columnist, said Tuesday that the United States needs to spend on a scale ...

Get Ready for the Poverty Deniers

Jeffrey Shaffer | Posted 11.26.2011 | Politics
Jeffrey Shaffer

There is indeed an attitude problem in this country. It's the kind of attitude that encourages sweeping, simplistic generalities like, "Anybody living in the USA is not poor."

Republicans: US CEOs Are Wimpy, Girly-Men; Obstacles to Growth. Question: Has Corporate Welfare Made Them Lazy?

Paul Abrams | Posted 11.26.2011 | Politics
Paul Abrams

Listening to Republicans, it appears as if America's major affliction is a generation of wimpy, girly-men CEOs.

A Housing Market Divided: The Rich And Everyone Else

AP | By MICHELLE CONLIN | Posted 11.22.2011 | Business

-- In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged D...

What We Can Learn From John Maynard Keynes's Optimism

The New York Times | SYLVIA NASAR | Posted 11.18.2011 | Business

For someone who’s been dead for 65 years, John Maynard Keynes has amazing presence. Open a paper, click on a blog or TV, and, voilà, like Waldo, he...

As Poverty Rate Rises and Unemployment Persists, Americans Need a New "New Deal"

C. Nicole Mason | Posted 11.13.2011 | Politics
C. Nicole Mason

For many, big government is a four-letter word, but newly released poverty and income data signal the need to invest in large-scale programs and initiatives that have the potential to turn the country around.

Double Dip?: Maybe We Need to Take a Lesson from the Past

Scott Lilly | Posted 11.13.2011 | Business
Scott Lilly

Economists generally classify the economic reversal of 1937 and 1938 as a second depression. It would be tragic if we permitted the new conservative crowd in Washington to repeat it.

How To Prevent Economic Crises

Bloomberg | Sylvia Nasar | Posted 11.13.2011 | Business

Unlike the movies, life rarely permits second takes. But the Second World War gave John Maynard Keynes, the patron saint of government activism, and F...

Uncle Sam Doesn't Want You

Steve Fraser | Posted 11.12.2011 | Politics
Steve Fraser

We have a choice: Americans can continue to accept large-scale unemployment as "natural" and permanent. Or we can follow the lead of the jobless young in the Arab Spring and of protestors beginning to demonstrate en masse in Europe.

Taxes May Rise As States Start To Pay Unemployment Bills

Posted 11.08.2011 | Business

WASHINGTON/CHICAGO (Lisa Lambert and Karen Pierog) - U.S. states will start sending more than $1 billion to the federal government in coming weeks...

Was This The Worst U.S. Decade Ever?

National Journal | Ronald Brownstein | Posted 11.01.2011 | Politics

What has been the worst 10-year stretch in American life?...

Tyler Kingkade

State Revenue Slumps Worse Than The Great Depression | Tyler Kingkade | Posted 12.21.2011 | Politics

WASHINGTON -- While the current economic downturn is often referred to as the worst since the Great Depression, today's conditions are by some measure...

FDR Tackled a Jobs Crisis by Putting Americans to Work -- Not Handing Out Pink Slips

David Woolner | Posted 10.15.2011 | Business
David Woolner

One would think that in the face of such a calamity our government would do everything within its power to expand the workforce. But government layoffs, especially at the state and local level, are actually pushing up the rate of unemployment.

Worst Stock Market Crashes Since The Great Depression

24/7 Wall St | Posted 10.14.2011 | Business

When 24/7 Wall St. compared each period of market downturn with national unemployment, gross domestic product and the consumer price index, we indeed ...

'Sometimes We Need Inflation'

New York Times | FLOYD NORRIS | Posted 10.12.2011 | Business

It is time for a new lesson to be learned. Sometimes we need inflation, and now is such a time....

The Credit Downgrade and the Congress: Why Polarized Politics Paralyze Public Policy

Robert Stavins | Posted 10.11.2011 | Politics
Robert Stavins

No matter how one feels about the wisdom of Standard & Poor's downgrading of long-term U.S. debt, the issue of greater concern should be their assessment of the state of the U.S. body politic.

Four Ways The World Can Avoid Another Depression

The New Republic | William Galston | Posted 10.10.2011 | Business

The current crisis is not just a U.S. problem or a European problem; it is a global problem that requires a coordinated global response. “We’re al...

The Republicans' Dark Side: Their Job-Killing Machine

Harlan Green | Posted 10.09.2011 | Business
Harlan Green

How do we put the dark side of 'U.S.' back into its bottle? The huge stock market losses make it harder for even the no-tax free marketers to deny the results of their work. The free market had spoken, after all, and did not like what it saw.

The Rancid Taste of Tea

Jim Worth | Posted 10.04.2011 | Politics
Jim Worth

The Tea Party held the country hostage -- and won! Despite the posturing on both sides of the aisle over what they each achieved in the budget deal, ...

Paul Krugman: Economy Was Never 'On The Road To Recovery'

New York Times | Paul Krugman | Posted 10.05.2011 | Business

In case you had any doubts, Thursday’s more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record ...