iOS app Android app

Great Recession

Misadventures in Finance

Benjamin T. Solomon | Posted 08.31.2015 | Business
Benjamin T. Solomon

The Fed or the U.S. government is not the lender of last resort. It is us, the U.S. taxpayer. Therefore, we the people, as lender of last resort, need to be better informed of what banks are doing.

Blaming China Is Not the Answer

Daniel Wagner | Posted 08.25.2015 | Business
Daniel Wagner

Global investors and lenders have learned relatively little since 2008, creating more bubbles, ignoring more warning signs, and, until recently, continuing to party like it's 1999. The chickens are coming home to roost.

What the U.S. Could Learn From Iceland

Kevin Price | Posted 08.18.2015 | Business
Kevin Price

I feel really behind the curve, but I only recently discovered that the United States actually has an official "too big to fail list." Essentially, this is a list of companies that have been sanctioned by the government as getting a guaranteed pass, no matter how economically ruined it becomes.

Who Is Most Scared of Inequality?

Harlan Green | Posted 08.13.2015 | Business
Harlan Green

It wasn't until the Reagan tax cuts that we stopped investing in those important elements that made US the superpower, and a middle class with the highest standard of living in the developed world.

Why Do We Even Have a 'New Normal'?

Harlan Green | Posted 08.06.2015 | Business
Harlan Green

In the U.S., it is the rise of extreme conservative and racist politics by the Tea Party, and southern anti-government conservatives that continue to fight the civil war. They still see big government as the anti-slavery north bullying poor southerners.

Who Do We Blame For the Great Recession?

Harlan Green | Posted 08.11.2015 | Business
Harlan Green

Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.

Letting China's Bubble Burst

Michael Spence | Posted 08.03.2015 | World
Michael Spence

NEW YORK -- As China's markets expand, they are increasingly outstripping policymakers' capacity to manage prices and valuations. The only practical way forward is for the Chinese authorities to focus on regulatory and institutional development, while following through on their commitment to allow markets to play the decisive role in allocating resources.

Aquino's Legacy in the Philippines

Edsel Tupaz | Posted 08.03.2015 | World
Edsel Tupaz

In just 5 years, Aquino's accomplishments have exceeded many expectations and have outperformed all previous administrations.

Reparations for the 99%

Allan Abramson | Posted 07.30.2015 | Chicago
Allan Abramson

Seven years after the housing crisis, which led to the financial crisis, which led to the recession, it may be time to review what happened to the people, the government, and the financial industry (banks, mortgage lenders, and investment firms).

Friends and Envy: When Your Friends Have More -- and When They Have Less

Dr. Peggy Drexler | Posted 07.25.2015 | Healthy Living
Dr. Peggy Drexler

Remember why you're friends in the first place. Don't judge them for what they have -- what they wear, the trips they take, the house they live in -- but for who they are, and how they treat you.

Will Fannie and Freddie's Investors Finally Succeed?

Harlan Green | Posted 08.11.2015 | Business
Harlan Green

The White House, U.S. Treasury, and Federal Housing Finance Authority have been stonewalling discovery requests by investors who want to know exactly why the GSEs were put into conservatorship in the first place.

Money Cannot Be The God of Life: How CEO Pay Drives Inequality

Heather Gautney | Posted 07.22.2015 | Politics
Heather Gautney

Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.

Financial Reform Helping Protect Families From Another Devastating Crash

Dennis M. Kelleher | Posted 07.22.2015 | Politics
Dennis M. Kelleher

The facts of the crisis also make clear that the impacts did not know partisan boundaries. In fact, the economic wreckage from the 2008 financial crash hit every state in the country, regardless of whether the state voted for the Republican or Democratic candidate for President.

More U.S. Children Are Living In Poverty Than During The Great Recession

AP | KYLE POTTER | Posted 07.22.2015 | Parents

ST. PAUL, Minn. (AP) -- A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfa...

Greece's Great Depression

Harlan Green | Posted 07.20.2015 | Business
Harlan Green

This may seem facetious some six years into recovery, but many policy makers don't understand the severity of the Great Recession, or its consequences. It is the major reason why Greece, and many other Eurozone countries are in so much economic trouble at present.

History Tells Us That 2016 Will See a Recession

Daniel Wagner | Posted 07.09.2015 | Business
Daniel Wagner

As if a reminder were needed, a variety of asset classes are once again frothy and it feels a lot like 2008.

Greece Has Reached Its Threshold of Pain

Daniel Wagner | Posted 07.06.2015 | World
Daniel Wagner

It should not have come as a surprise that the majority of Greek voters opted not to accept more externally-imposed austerity, by voting "no" in Sunda...

With the OECD, the United States Can Lead Against Inequality

OECD | Posted 07.01.2015 | Politics
OECD

Though inequality has been rising for decades, the Great Recession catapulted the issue to the top of the policy agenda, costing millions of Americans their jobs and widening the gap between rich and poor. As the United States looks to reverse this trend, it faces a historic opportunity to lead a global transition to an inclusive model of economic growth.

The EU, the Grexit, and Market Failure

Daniel Wagner | Posted 06.26.2015 | World
Daniel Wagner

An orderly unwinding of Greece's and Europe's debt is possible. If it could be done in the U.S., when a third of all savings and loans associations failed in the 1980s and 1990s, something similar can be done in Europe.

Trans-Pacific Partnership: Obama Sides With the Wrong People for the Wrong Reasons at the Wrong Time

Joseph A. Palermo | Posted 06.25.2015 | Politics
Joseph A. Palermo

President Obama not only expended his own "political capital" by pushing for fast-track but that of the Democratic Party too. He had a clear choice: either side with workers, environmentalists, consumers, and progressives -- or side with Wall Street, Big Pharma, Wal-Mart, and the Koch Brothers.

Payment Shock: What Unnoticed Fallout From The Mortgage Lending Crisis Could Mean for You

Buck Wargo | Posted 06.18.2015 | Fifty
Buck Wargo

For those considering a reverse mortgage, there's a lot going on in the industry right now that could affect whether many older Americans consider one or even be able to take one out.

Rising Nationalism a Threat to Asia

Daniel Wagner | Posted 06.08.2015 | World
Daniel Wagner

Given its diverse cultural, linguistic and religious mosaic, nationalism is always lurking beneath the surface in Asia.

Would You Go on 'The Briefcase'?

Jason Stanford | Posted 06.07.2015 | Entertainment
Jason Stanford

The Hunger Games was supposed to be fiction, but maybe it was prophetic. Now comes The Briefcase, CBS's new reality show that pits desperate middle-class families against each other for financial survival.

Our Kids Aren't the Only Ones Suffering From Inequality. We're Failing Our Parents Too!

Anthony W. Orlando | Posted 06.04.2015 | Politics
Anthony W. Orlando

Yes, by all means, let's talk about inequality of opportunity for our kids because that's where it all starts. But let's also remember that those kids grow up, and when they do, it doesn't get easier. The scars of childhood last a lifetime.

Recovering From Suicide in Palo Alto: A Work In Progress

Terry Connelly | Posted 06.02.2015 | Education
Terry Connelly

Silicon Valley prides itself on recognizing unmet needs and satisfying them, even before we even realize them ourselves. But, like Tiger Woods the Elder, the Valley is not used to playing from behind, and not very good at it.