iOS app Android app

Great Depression

The Great Recession: Is It Time For A Name Change?

The Huffington Post | James Sunshine | Posted 09.25.2011 | Business

In 2008, then-President George W. Bush announced that America was in the process of what he called an economic "slowdown." But by as early as that Dec...

Is Congress About to Cause Another Great Depression?

Don Bonker | Posted 09.14.2011 | Politics
Don Bonker

When Congress puts political demagogy ahead of the national well-being, there can be serious consequences. If you need evidence of this, look no further than the Great Depression.

Krugman: America's Weak Job Growth Is A 'Choice, Not A Necessity'

New York Times | Paul Krugman | Posted 09.10.2011 | Business

If you were shocked by Friday's job report, if you thought we were doing well and were taken aback by the bad news, you haven't been paying attention....

Five Myths About The Debt Ceiling

The Washington Post | Bruce Bartlett | Posted 09.07.2011 | Business

In recent months, the federal debt ceiling -- last increased in February 2010 and now standing at $14.3 trillion -- has become a matter of national de...

The Economics of Poverty -- Thinking in Win-Win Terms

Harlan Green | Posted 09.04.2011 | Business
Harlan Green

Rather than play the blame game, why not think in Win-Win terms? Why not correct the causes of so much economic instability, which can lead us out of the swamp of debt that has resulted?

U.S. Recovery's 2-Year Anniversary Arrives With Little To Celebrate

PAUL WISEMAN | Posted 08.31.2011 | Business

WASHINGTON (AP) -- This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has be...

Two-Fifths Of Americans Believe Economy Is In 'Permanent Decline': Survey

The Huffington Post | Alexander Eichler | Posted 08.30.2011 | Business

As QE2 comes to an end Thursday, and experts try to predict what’s next for the U.S. economy, a new poll suggests a significant percentage of Americ...

Nothing Beats Beating the System

Charlie Carillo | Posted 08.20.2011 | New York
Charlie Carillo

Waste money on gasoline to run a power lawnmower that fouls the air with its fumes? You've got to be kidding. My dad uses a push mower on his lawn -- one previous owner, Benjamin Franklin.

Bill Clinton: 14 Ways To Fix The Job Crisis

Newsweek | Bill Clinton | Posted 08.20.2011 | Business

Next week in Chicago, the Clinton Global Initiative will focus on America for the first time, inviting business and political leaders to make specific...

Astoria Characters: The Memory Keeper

Nancy Ruhling | Posted 08.14.2011 | New York
Nancy Ruhling

Saving nearly a century and a half of family memorabilia is a remarkable feat. "I'm a keeper," 86-year-old Bea Frish says.

Economically, World War II Was Stimulus on Steroids

Paul Abrams | Posted 08.13.2011 | Politics
Paul Abrams

Right wing politicians are loathe to credit the New Deal with any success in hoisting the US out of the Great Depression, but credit WWII for that achievement. But that claim, however, undermines their entire premise.

Nearly Half Of America Says U.S. Nearing Great Depression: CNN Poll

The Huffington Post | James Sunshine | Posted 08.09.2011 | Business

Some economists might be worried about a double-dip recession, but a large number of Americans have an even worse scenario in mind. Approximately ...

The Economic Hangover: Part Two

Don McNay | Posted 08.08.2011 | Business
Don McNay

The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.

How Great Recession Could Still Turn Into Great Depression

The New Republic | Dean Baker | Posted 08.06.2011 | Business

When the financial system was on the edge of melting down back in the fall of 2008, there was much talk in the punditocracy of a second Great Depressi...

Japan Shows How to Defuse Debt Time-Bomb

Ellen Brown | Posted 07.27.2011 | Business
Ellen Brown

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.

Remembering the Quiet, Unsung Heroes of America

William Astore | Posted 07.27.2011 | Politics
William Astore

I'm sick of our media and government telling us how scared we should be, whether of violent crime or violent tornadoes or bogeyman terrorists overseas. My parents recognized the hard-won wisdom of FDR: the only thing we have to fear is fear itself.

The Most Dangerous Cities In America

24/7 Wall St. | Douglas A. McIntyre, Michael B. Sauter, Charles B. Stockdale | Posted 07.25.2011 | Business

Yesterday, the FBI trumpeted the news that violent crime dropped 5.5% in 2010 while reported property crimes fell 2.8% during the depths of the worst ...

‘Squatter Rent' Savings May Help U.S. Spending

Bloomberg | Bob Willis and John Gittelsohn | Posted 07.06.2011 | Business

Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depressio...

Maxwell Strachan

WATCH: Summers Dismisses Idea Of Regulating Financial Instruments (WATCH) | Maxwell Strachan | Posted 06.13.2011 | Business

Depending on who you ask, regulation is either a hindrance to the global economy or our only hope against global economic collapse. Safe to say Larry ...

Poverty and America's Children

Here's Life Inner City | Posted 06.08.2011 | Impact
Here's Life Inner City

The poverty rate for kids in this country will soon hit 25 percent, the largest American generation to be raised in hard times since the Great Depression.

Youth Need Jobs, Hope for the Future

Rev. Jesse Jackson | Posted 06.05.2011 | Business
Rev. Jesse Jackson

Jobs numbers were hailed as good news on Friday, with employers adding more than 200,000 jobs last month, and the unemployment rate ticking down to 8.8 percent. Less attention was given to the downside of these numbers.

Nate C. Hindman

What Happened To Entrepreneurship During The Recession? | Nate C. Hindman | Posted 06.09.2011 | Business

They were among the recession's most inspiring stories: laid-off workers who went on to start their own businesses rather than dropping out of the lab...

Andrea Stone

Millennial Generation Has Its Own AARP To Lobby For Jobs And Deals | Andrea Stone | Posted 05.25.2011 | Politics

WASHINGTON -- One in six are unemployed, more than any other adult age group. They carry an average of $24,000 in student debt. And one in 10 have bee...

Brooklyn, We Have a Problem

Charlie Carillo | Posted 05.25.2011 | New York
Charlie Carillo

A signed copy of Neil Armstrong's flight plan for the Apollo 11 moon mission just sold at auction for $51,000. But if my late grandmother had been there, she would not have lifted her bidding paddle.

Nothing Moral About Devastating Republican Plans

Rev. Jesse Jackson | Posted 05.25.2011 | Politics
Rev. Jesse Jackson

Global banks and corporations blew up the economy, and children, cops and teachers are being asked to pay the price. "So be it" doesn't get it.