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Great Recession

The Logic of Ponzi Finance

Micah Hauptman | Posted 10.19.2011 | Business
Micah Hauptman

When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However, Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.

John Kerry, The Lazy Senator Who Would Not Learn

Dean Baker | Posted 10.18.2011 | Business
Dean Baker

It is more than a bit infuriating that Senator Kerry and his colleagues are now lecturing the country on the need for hard economic choices. If they could have been bothered to do their jobs just a few years ago, we would not be in this situation today.

How Austerity Is Ushering in a Global Recession

Robert Reich | Posted 10.17.2011 | Business
Robert Reich

Not only is the U.S. slouching toward a double-dip, but so is Europe. New data out Tuesday show even Europe's strongest core economies slowing to a crawl. We're on the cusp of a global recession. Policymakers be warned: Austerity is the wrong medicine.

Rod Kurtz

What Is The Biggest Challenge Facing Small Businesses Right Now?

HuffingtonPost.com | Rod Kurtz | Posted 10.15.2011 | Small Business

The unique challenges that come with starting and growing a business are a big part of what make the experience so rewarding. After all, is there any ...

Consumer Sentiment Plummets To 30-Year Low

Posted 10.12.2011 | Business

Just as it seemed the bad news about the economy couldn’t get much worse, a new nugget of data was released Friday: U.S. consumer sentiment plummete...

'Sometimes We Need Inflation'

New York Times | FLOYD NORRIS | Posted 10.12.2011 | Business

It is time for a new lesson to be learned. Sometimes we need inflation, and now is such a time....

American Jobs and Chinese Freedom

Charles Kolb | Posted 10.11.2011 | Business
Charles Kolb

American consumers can help their fellow citizens and our friends in China in their purchasing decisions. A former American president once urged all Americans to "go shopping." When we do, we should try whenever possible to buy American.

The Credit Downgrade and the Congress: Why Polarized Politics Paralyze Public Policy

Robert Stavins | Posted 10.11.2011 | Politics
Robert Stavins

No matter how one feels about the wisdom of Standard & Poor's downgrading of long-term U.S. debt, the issue of greater concern should be their assessment of the state of the U.S. body politic.

JPMorgan Repurchases Soldier's Home Same Day He Returns From Iraq

The Huffington Post | Harry Bradford | Posted 10.11.2011 | Business

In America today, even men and women returning from war can't expect their families to be exempt from the foreclosure crisis. On the same day that ...

If You Suddenly Needed $1,000, Where Would You Turn?

Posted 10.11.2011 | Business

Asked what they'd do if unexpectedly required to come up with one thousand dollars, the vast majority of Americans say they would look to means outsid...

Dave Jamieson

Walmart Job Applicants: 'I'll Take Anything'

HuffingtonPost.com | Dave Jamieson | Posted 10.11.2011 | Business

SPRINGFIELD, Penn. -- Among those here in the parking lot of the Masonic Hall, there's an abiding sense that the economic recovery has stalled, if it ...

Bill Gross: Problem Is 'Insufficient Consumption And investment'

Washington Post | Bill Gross | Posted 10.11.2011 | Business

For a few days there it seemed like President Obama was the master of the bond market. This is a Triple-A nation, he intoned on Monday, and always wil...

JPMorgan CEO: S&P Downgrade 'Just An Opinion'

The Huffington Post | Harry Bradford | Posted 10.10.2011 | Business

Amidst downgrades, debt crises and declining stocks, one of Wall Street's biggest names is keeping it cool. On Wednesday, Jamie Dimon, CEO of JPMo...

Who Bears The Burden Of A Broken Global Economy?

Vanity Fair | Michael Lewis | Posted 10.10.2011 | Business

With Greece and Ireland in economic shreds, while Portugal, Spain, and perhaps even Italy head south, only one nation can save Europe from financial A...

The Era of Living Dangerously

Robert Walker | Posted 10.10.2011 | Politics
Robert Walker

We saw what happens when over-leveraged economies like the U.S. and Europe failed to anticipate the threats posed by unsustainable debt loads; we don't want to see what happens if we ignore signs that we are over-leveraging the planet's resources.

This Year's Kings Of Corporate Layoffs

24/7 Wall St. | JON C. OGG | Posted 10.10.2011 | Business

From 24/7 Wall St.: Financial markets have been reeling as investors grow more concerned about the economy: An S&P downgrade of the full faith and cre...

Four Ways The World Can Avoid Another Depression

The New Republic | William Galston | Posted 10.10.2011 | Business

The current crisis is not just a U.S. problem or a European problem; it is a global problem that requires a coordinated global response. “We’re al...

GRAPHIC: Putting The Unemployment Crisis Into Perspective

The Huffington Post | Posted 10.09.2011 | Business

In the month of July, the U.S. economy added 117,000 jobs, a small relief after the previous month's announcement that the economy had added only 18,0...

After Downgrade, Americans Must Drive Tea Party From Power

Fernando Espuelas | Posted 10.08.2011 | Politics
Fernando Espuelas

The world's most powerful country was brought to the edge of financial chaos by Mrs. Bachmann and her Tea Party cohorts. Americans should never forget the damage that they have caused the whole nation.

Talk About Chutzpa - Wall Street Lecturing America on "Fiscal Responsibility"?

Robert Creamer | Posted 10.08.2011 | Politics
Robert Creamer

The very idea that Wall Street -- and Standard and Poor's -- would have the chutzpa to lecture the rest of America about fiscal responsibility should infuriate each and every American.

Slouching Toward a Double-Dip, for No Good Reason

Robert Reich | Posted 10.08.2011 | Business
Robert Reich

The American economy is on the verge of another recession, with all the human costs that implies. We don't have to be. That is the tragedy of our time.

Dear Congress, Don't Ask Me!

Cynthia Kounaris | Posted 10.07.2011 | Politics
Cynthia Kounaris

We don't know enough about policy. We don't know all the implications and ramifications of various decisions. We can't pull together a group of world-renowned economists and business leaders. That is what we pay you a nice salary for.

Nine States Slashing Unemployment Benefits

24/7 Wall St. | Posted 10.07.2011 | Business

Around 14 million people in the U.S. are jobless today. Yet, several states — even some that are experiencing economic recoveries — have begun to ...

Why Are Republicans Playing With Fire?

Harlan Green | Posted 10.05.2011 | Business
Harlan Green

The reports that 4,000 FAA employees and up to 70,000 airport construction workers narrowly escaped being laid off until Labor Day because Congress went on vacation is unbelievably true.

Investors Still Think They Can Fly

Daniel Wagner | Posted 10.05.2011 | Business
Daniel Wagner

Investors appear to believe that, for some reason, the age of globalization has made the prospect of a global economic meltdown remote.