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Great Recession

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

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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.

Global Economy Increasingly Vulnerable To Another Financial Shock

Sheldon Filger | Posted 10.03.2015 | Business
Sheldon Filger

Seven years after the outbreak of the global financial crisis, there are growing indications that the temporary solutions that were imposed through monetary policy by central banks are becoming ineffective. In all likelihood, a new global downturn in economic growth is in the cards.

There Are Not Enough Jobs, And Austerity Is To Blame

The Huffington Post | Daniel Marans | Posted 10.02.2015 | Business

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Ask the Victims of 9/11 if George W. Bush "Kept Us Safe"

Robert Creamer | Posted 09.19.2015 | Politics
Robert Creamer

In the GOP debate, Jeb Bush made the outrageous statement that his brother George W. Bush "Kept us safe." Here is a news flash for Jeb: Bush did not begin his term on September 12, 2001. The worst attack on American soil since Pearl Harbor occurred on his watch. And it occurred after he had ignored intelligence warnings before 9/11. It is outrageous that the Bush crowd would have the audacity to say they "kept us safe" after presiding over the 9/11 debacle and the inept, ineffective, ideologically driven response that followed. The best ways to keep America safe are never to forget just what George W. Bush did to America and to keep Jeb Bush and the entire Bush gang a "safe" distance away from 1600 Pennsylvania Avenue and the levers of political power.

The Case Against Raising Interest Rates

The Huffington Post | Ben Walsh | Posted 09.16.2015 | Business

On Dec. 18, 2008, the Federal Reserve cut interest rates to zero. Unemployment was then 7.3 percent, and would later peak at 10 percent in October 20...

Three Rules of Thumb to Raise Wages and Reduce Inequality

Sabina Dewan | Posted 09.14.2015 | Politics
Sabina Dewan

Case studies from Brazil to China, from the United States to Germany, reveal that to square higher wages and competitiveness, governments must adhere to three rules of thumb.

DOJ Swears It Will Get Tough On The Next Wall Street Crash

The Huffington Post | Zach Carter | Posted 09.11.2015 | Politics

WASHINGTON -- The Department of Justice is finally drawing the curtain on what may be its defining project of the Obama era: the refusal to prosecute...

What Should Janet Yellen's Fed Do?

Harlan Green | Posted 09.10.2015 | Business
Harlan Green

Their policies have to maximize the purchasing power of consumers that power most economic growth. If consumers can't or won't spend more, then our economy can't grow as it should.

Jobs, Higher Productivity Could Mean 3.5 Percent GDP

Harlan Green | Posted 09.03.2015 | Business
Harlan Green

It looks like we are returning to the goldilocks economy that prevailed for much of last year -- low inflation plus continued good job growth. But it also could mean better economic growth that has stayed in the 2 percent range during the Great Recession recovery to date.

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.