iOS app Android app

Great Recession

3 Charts That Show Just How Dire The Student Debt Crisis Has Become

The Huffington Post | Shahien Nasiripour | Posted 02.03.2016 | Business

President Barack Obama has said that a college degree "has never been more valuable." But if you borrow to finance your degree, the immediate returns ...

Donald Trump: The Answer to Curses

Leo W. Gerard | Posted 02.01.2016 | Politics
Leo W. Gerard

Donald Trump, a billionaire who opposes raising the minimum wage, now at the poverty level of $7.25 an hour, is holding himself out to working people as the man who will stand as a dam against that torrent.

Trumping Political Science? Lessons from Donald Trump's Surprising Campaign

Kirby Goidel | Posted 01.31.2016 | Politics
Kirby Goidel

It is unclear if Donald Trump has rewritten the rules of political campaigning but he has unquestionably left pundits and political scientists baffled by his success. Most careful observers of politics (present authors included) believed Trump would have washed out quickly and decisively.

What's Behind China's Bumpy 'New Normal'

Joseph E. Stiglitz | Posted 01.28.2016 | World
Joseph E. Stiglitz

SHANGHAI -- "Markets with Chinese characteristics" are as volatile and hard to control as markets with American characteristics. Markets invariably take on a life of their own; they cannot be easily ordered around. To the extent that markets can be controlled, it is through setting the rules of the game in a transparent way. The policy approach China adopts will strongly influence economic performance and prospects worldwide.

Will This Year's High School Seniors Get to Witness the Burst of an Economic Bubble?

Alan Singer | Posted 01.18.2016 | Education
Alan Singer

To begin exploring recent global economic developments tied to a Chinese economic downturn students can read and analyze a modified version of a recent New York Times economic report and use it to identify their own questions and topics for research.

'The Big Short': A Tale of Stupidity, Greed, and Corruption

Dean Baker | Posted 01.13.2016 | Politics
Dean Baker

There are rules for issuing and securitizing mortgages. These rules were completely ignored in the peak years of the housing bubble. At every step, there were people who knew they were not following the law, but thought it would not matter.

Why Has it Taken so Long To Grow This Economy?

Harlan Green | Posted 01.14.2016 | Business
Harlan Green

Nobelist Joseph Stiglitz has been loudest among economists in decrying the lack of concern over such a poor recovery from the Great Recession. (Lest we forget is in terms of GDP growth even worse than the Great Depression.)

Future Economists Will Probably Call This Decade the 'Longest Depression'

Brad DeLong | Posted 01.08.2016 | World
Brad DeLong

Future economic historians may not call the period that began in 2007 "The Greatest Depression." But as of now it is highly and increasingly probable that they will call it "The Longest Depression." So what can be done?

Why the Great Malaise of the World Economy Continues in 2016

Joseph E. Stiglitz | Posted 01.04.2016 | World
Joseph E. Stiglitz

The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.

Our Deflationary Times!

Harlan Green | Posted 01.20.2016 | Business
Harlan Green

The answer in the New Year to the inflation conundrum may be at hand, the conundrum that has kept the Fed pushing down interest rates since the Great Recession and recovery.

Behind the Scenes: Anna Ortiz

D. Dominick Lombardi | Posted 12.22.2015 | Arts
D. Dominick Lombardi

In this, the fifth of a series of interviews that focus on Local 829's Scenic Artists who sculpt and paint in a variety of ways the sets we see on television, in movies and documentaries, on theater stages, and in the backgrounds of television and internet commercials the spotlight will be on the fine art of Anna Ortiz.

The Economic Consequences of Income Inequality

Tuomas Malinen | Posted 12.21.2015 | World
Tuomas Malinen

Income inequality may cause problems for the U.S. economy in the near future, but the means aimed at diminishing inequality should be carefully planned.

"The Big Short": The Fire Next Time

Michael Berkowitz | Posted 12.15.2015 | Entertainment
Michael Berkowitz

Zap those zombies. Silence the serial killers. Get out of outer space. Cancel cancer and forget about fantasy. The very best films of the last few...

7 Ways Generation X Is Better Than Millennials With Their Money

GOBankingRates | Posted 12.10.2015 | Business
GOBankingRates

By Elyssa Kirkham, GBR Staff Writer People have made a lot of fuss about millennials and their stellar financial management skills. There are plen...

The Lessons of Repealing Glass Steagall

Dennis M. Kelleher | Posted 11.11.2015 | Business
Dennis M. Kelleher

Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.

The Killer Question Republicans Couldn't Answer Tuesday Night

The Huffington Post | Jonathan Cohn | Posted 11.11.2015 | Politics

(function(){var src_url="https://spshared.5min.com/Scripts/PlayerSeed.js?playList=519238725&height=&width=100&sid=577&origin=undefined&videoGroupID=1...

How a Twitter Campaign Can Help #DownSizeBigBanks

John Tuttle | Posted 11.05.2015 | Politics
John Tuttle

Hillary and her #WallStreetDemocrats apparently believe that it is okay to continue to have financial institutions that are Too Big To Fail. Her plan is to always have enough complex rules and regulations in place to control their increasingly complex investment schemes.  

What Are Economic Lessons From 'The Martian'?

Harlan Green | Posted 11.05.2015 | Business
Harlan Green

What can we learn from The Martian, a best-selling novel and movie starring Matt Damon as an Astronaut in the not too distant future thought dead and left behind on Mars during a violent dust storm?

Glass-Steagall's Political Firewall

Adam Levitin | Posted 10.27.2015 | Politics
Adam Levitin

Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.

N.C. Budget Eludes Low Income Earners

Mousa Alshanteer | Posted 10.26.2015 | Politics
Mousa Alshanteer

The misguided belief by Governor McCrory, and the state legislators who applauded him, that "our economy is improving" may be the basis of a biennial budget, and its attendant legislation, which will further undermine the complete realization of an economic recovery for all North Carolinians.

Government Made Our Middle Class

Harlan Green | Posted 10.26.2015 | Business
Harlan Green

Why do we seem to be the only developed country that is unable to sustain a healthy middle class, with all the benefits to economic growth that is passed on to every segment of society?

Middle-Class Joe Expresses Middle-Class Angst

Leo W. Gerard | Posted 10.26.2015 | Politics
Leo W. Gerard

As Vice President Joe Biden announced his decision last week not to run for president, he talked about dreams denied, possibilities foreclosed. He wasn't speaking of his own aspirations, though.

Job Creation: Essential Los Angeles County Business

Mark Ridley-Thomas | Posted 10.19.2015 | Los Angeles
Mark Ridley-Thomas

The economic crisis that began in 2007 was a defining event for industry leaders and government institutions at all levels. For far too many, the struggle continues, especially for communities of color where economic inequality persists and the availability of good paying jobs remains a scare commodity.

A Tale Of Two States: How Liberal Governance Has Achieved Where Conservative Governance Failed!

Marvin Meadors | Posted 10.16.2015 | Politics
Marvin Meadors

Two neighboring states, Minnesota and Wisconsin share a common border, blistery winters and "until recently a liberal populist tradition stretching back a century," according to a New York Times article.

Blinder and Zandi: Policy Responses to Great Recession a Resounding Success

Bob Greenstein | Posted 10.16.2015 | Politics
Bob Greenstein

At some point, the economy will fall into another recession or even experience another financial crisis. When either or both occur, policymakers must be ready to use the resources of government to restore a weak economy to health, not stand aside.