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Great Recession

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 07.22.2015 | 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.

Brutal Winter Took A Toll On The Economy

AP | MARTIN CRUTSINGER | Posted 05.29.2015 | Business

WASHINGTON (AP) — The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a wid...

Ben Walsh

Dick Fuld, Disgraced Former CEO Of Lehman Brothers, Makes Public Comeback

HuffingtonPost.com | Ben Walsh | Posted 06.01.2015 | Business

Dick Fuld, part villain and part unforgivably very confused bystander to the financial crisis in the eyes of most -- and a victim of the financial cri...

Americans Gorge on Slogans: O'Kane Shows, More Than Tells

Ximena Ortiz | Posted 05.22.2015 | Books
Ximena Ortiz

The public demurs from facing reality and accepting measures that might fix the problems, based on a misplaced--and manipulated--appreciation of self-reliance and freedom, O'Kane explains and illustrates.

Would Ted Cruz Blame Reagan for the Failed Iran Hostage Rescue?

John A. Tures | Posted 05.21.2015 | Politics
John A. Tures

We could blame Ike for starting the Korean War, knock George W. Bush for not stopping the USS Cole bombing, accuse Bill Clinton of not stopping the L.A. Riots of 1992 or even blame Reagan for the 1980 recession. Or presidential candidates could learn to see when the job that they aspire to actually begins.

Unemployment Rate Dips To 7-Year Low

AP | Posted 05.08.2015 | Business

WASHINGTON (AP) — U.S. employers added 223,000 jobs in April, a solid gain that suggests that the economy may be recovering after stumbling at the s...

The State of U.S. Small Business: Progress Made, Work to Be Done

Frank Islam | Posted 05.18.2015 | Small Business
Frank Islam

This is National Small Business Week. It has been so designated by the SBA. Our question is whether this week should be a time to celebrate accomplishments or to reflect on the work that remains to be done to continue to level the playing field for small businesses.

Will Any Presidential Candidate Commit to Fixing Our Nation's Infrastructure?

Dante Disparte | Posted 06.09.2015 | Politics
Dante Disparte

This week's power failure in parts of Washington, D.C. are a reminder, as if one were needed, about the deplorable state of infrastructure more generally in the United States.

The Next Economic Recession Will Take On...

John A. Tures | Posted 06.02.2015 | Business
John A. Tures

Using data on economic recessions, I take a look at how long growth periods have been after recessions, and to see when the latest economic boom will likely come to an end. You're probably thinking "Economic boom? When did that take place?"