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Great Recession

America's Largest City Is Failing Its Young People

The Huffington Post | Shane Ferro | Posted 04.26.2016 | Business

New York City is worried about millennials -- for good reason. The city comptroller, Scott Stringer, put out a report on Monday that paints a rather ...

Are We Heading Toward Another Crisis?

Tuomas Malinen | Posted 04.22.2016 | World
Tuomas Malinen

Donald Trump has warned that the US economy is heading towards a "massive" recession. Some analysts and blog writers have also warned that we may be h...

We Need Obama as Foreign Policy Educator-in-Chief

Dr. Milton Mankoff | Posted 04.18.2016 | Politics
Dr. Milton Mankoff

Part of the allure of Obama when he first ran for president was the prospect of an intellectual in the White House who would make progressive decisions, but also begin the task of educating huge numbers of low information citizens about how the world works.

Clinton And Goldman: Why It Matters

The New York Review Of Books | Annum Masroor | Posted 04.15.2016 | Politics

Why is Hillary Clinton refusing to release the transcripts of her Goldman Sachs speeches?...

Release of Clinton's Wall Street Speeches Could End Her Candidacy for President

Seth Abramson | Posted 04.15.2016 | Politics
Seth Abramson

The reason you and I will never see the transcripts of Hillary Clinton's speeches to Wall Street fat-cats is that if she were ever to release those transcripts, it could end her candidacy for president.

Goldman Sachs Fined $5B for Faulty Mortgage Practices

GOBankingRates | Posted 04.12.2016 | Business

By Andrew DePietro, Staff Writer Goldman Sachs concluded a $5.06 billion settlement on April 11 due to federal charges of deceptive mortgage policies...

Is U.S. Nearing Full Employment?

Harlan Green | Posted 04.08.2016 | Business
Harlan Green

Are we nearing full employment, and hence the higher inflation that always accompanies full employment? Not really, because wage growth is still stuck in the 2 percent range, and rising wages are the first sign of higher inflation and approaching full employment.

The Obsession With Bernie Sanders and Transhumanism Says a Lot

Zoltan Istvan | Posted 04.04.2016 | Politics
Zoltan Istvan

As I keep my finger on the pulse of the transhumanism movement, it's easy to tell across the hundreds of Facebook, Google+, and other social media communities that Sanders is a cherished figure.

Introduction: Macroeconomic Outlook for Crowdfunding

AdaPia d'Errico | Posted 03.17.2016 | Business
AdaPia d'Errico

Most people readily admit that the financial crisis that besieged the world economy in 2007 was abetted by a lack of institutional oversight and transparency. Undoubtedly, the "Great Recession" and its aftermath has left a legacy of distrust, fear, and trepidation about the economic future.

Both Parties Are to Blame for the Rise of Trump

Daniel Wagner | Posted 03.09.2016 | Politics
Daniel Wagner

It is not intellectually honest to attribute the political rise of Donald Trump solely to Republicans and the Republican Party. It is more complicated than that, and as the Trump story continues to unfold, something rather disturbing is being revealed about American political culture, and its voters.

Financial Reform Is Working

Dennis M. Kelleher | Posted 03.07.2016 | Business
Dennis M. Kelleher

The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.

CD Rate Strategies for the New Interest Rates

GOBankingRates | Posted 03.10.2016 | Business

By Ruth Sarreal, Editor After declining since 2007 to the point of hitting rock bottom in 2014, CD rates are now finally on the rise. With the Federa...

It Is High Time for EU to Stand Up to Creeping Illiberal Democracy in Europe

Cas Mudde | Posted 03.04.2016 | World
Cas Mudde

How can the EU elite hope to convince voters that parties like FN and UKIP pose a fundamental threat to the European liberal democracy when they are willing to work with equally illiberal democratic politicians like Erdoğan and Orbán?

Political Induced Uncertainty and the Quest for Growth

St. Gallen Symposium | Posted 03.04.2016 | Politics
St. Gallen Symposium

By Wolf von Laer, member of the St. Gallen Symposium's global Leaders of Tomorrow community Every form of government, regardless of it being social-...

Sanders and Trump: How the Political and Media Establishment Got 2016 So Wrong

Leonard Steinhorn | Posted 02.17.2016 | Politics
Leonard Steinhorn

Perhaps the biggest story coming out of campaign 2016 is not the rise of Bernie Sanders and Donald Trump, but the fact that the media and political establishment never saw it coming. And the fact that they never saw it coming perfectly explains the rise of Sanders and Trump.

I, Uber Driver

Karen H. Szatkowski | Posted 02.11.2016 | Fifty
Karen H. Szatkowski

My Uber driving is both an adventure and a rough-edged reminder of my vulnerability.

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.