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Great Recession

Economists Say U.S. Credit Rating Will Be Downgraded: Poll

Posted 09.25.2011 | Business

(Pedro da Costa and Andy Bruce) - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to ...

Recession Wiped Out Two-Thirds Of Household Wealth For Hispanics: Study

The Huffington Post | Alexander Eichler | Posted 09.25.2011 | Business

Wealth disparities between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from t...

Arthur Delaney

Recovery Bummer: New Jobs Pay Less Than Jobs Lost In Recession

HuffingtonPost.com | Arthur Delaney | Posted 09.25.2011 | Business

WASHINGTON -- The Great Recession destroyed all kinds of jobs, but the not-so-great recovery has so far replaced the lowest-paying jobs at a much fast...

Chrysler's Debt Repayment Turns Would-Be Profit Into Loss

AP | TOM KRISHER | Posted 09.25.2011 | Business

DETROIT — The cost of paying off government debt kept Chrysler from making money in the second quarter, but that didn't stop its cars from selli...

Why We Don't Need The Debt Ceiling

New Yorker | James Surowiecki | Posted 09.25.2011 | Business

In the past few years, the U.S. economy has been beset by the subprime meltdown, skyrocketing oil prices, the Eurozone debt crisis, and even the Tohok...

The Great Recession: Is It Time For A Name Change?

The Huffington Post | James Sunshine | Posted 09.25.2011 | Business

In 2008, then-President George W. Bush announced that America was in the process of what he called an economic "slowdown." But by as early as that Dec...

Housing Prices Unchanged For First Time In Nearly Year

Posted 09.25.2011 | Business

NEW YORK (Leah Schnurr) - Single-family home prices were unchanged in May, the first time in nearly a year they have not fallen on a monthly basis...

10 Cities Spending The Most On Fast Food

The Huffington Post | Harry Bradford | Posted 09.24.2011 | Business

Few topics provoke such fierce debate in America as fast food. But like it or not, the drive-thru has become more popular than ever with the economy g...

What It's Like To Be Goldman's CEO

New York Magazine | Jessica Pressler | Posted 09.24.2011 | Business

Dressed down in shirt sleeves and scuffed loafers, he doesn't seem so much like the Devil, as Don Imus has taken to calling him, than someone you migh...

10 States With The Highest Unemployment Rates: BLS

The Huffington Post | James Sunshine | Posted 09.22.2011 | Business

Job creation in the United States has been weak, at best, in recent months. And for those states most devastated by the financial crisis, that truth t...

Simon Johnson: Tax Reform Could Help Secure Financial System

The New York Times | Simon Johnson | Posted 09.21.2011 | Business

In the deafening cacophony of voices in Washington on the debt ceiling, it is easy to miss a potentially more significant development. There is growin...

Rejected Dodd-Frank Rule Means Less Control For Shareholders

Posted 09.21.2011 | Business

(Sarah N. Lynch) - A U.S. appeals court has rejected a new Securities and Exchange Commission rule intended to make it easier for shareholders to ...

Paul Krugman: Washington Determined To Prolong 'Lesser Depression'

The New York Times | Paul Krugman | Posted 09.21.2011 | Business

These are interesting times — and I mean that in the worst way. Right now we’re looking at not one but two looming crises, either of which could p...

Volvo Sales Back To Pre-Financial Crisis Levels

AP | By KARL RITTER | Posted 09.21.2011 | Business

STOCKHOLM -- Truck maker Volvo AB's second-quarter profit surged 63 percent as sales returned to levels last seen before the financial crisis, the Swe...

Goldman Sachs Wins Dismissal Of Lawsuit Alleging It Misled Investors

Posted 09.20.2011 | Business

NEW YORK (Jonathan Stempel) - Goldman Sachs Group Inc won the dismissal of a lawsuit accusing it of causing an investor to become insolvent by fra...

Don't Blame Unemployment Crisis On Housing Pile-Up: Report

Posted 09.19.2011 | Business

Home-owner reluctance to sell their dwellings to relocate for a new job has played little part in boosting the U.S. unemployment rate, research fr...

Applications For Mortgages Surge On Refinancing Demand

Posted 09.19.2011 | Business

Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rate...

Tim Geithner: President Should Veto Any Legislation Weakening Financial Reform

Wall Street Journal | Timothy Geithner | Posted 09.19.2011 | Business

In June 2009, the administration submitted to Congress a proposal that would fundamentally reshape the financial system. It was designed to lay a stro...

CHARTS: Nine Signs The U.S. Recovery Might Be Losing Momentum

The Huffington Post | James Sunshine | Posted 09.18.2011 | Business

Look at any number of recent economic indicators, and it's easy to understand why there have been whispers of a double-dip recession. If the economy i...

Western States, Hit Hard By Housing Crisis, Lag Behind During Recovery

Posted 09.18.2011 | Business

WASHINGTON (AP) -- Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, acco...

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011 | Business

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

Cisco To Cut Workforce By 11,500 Employees

Posted 09.17.2011 | Business

Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business. ...

Simon Johnson: Europe's Three Forms Of Contagion

Bloomberg | Simon Johnson | Posted 09.17.2011 | Business

There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. T...

After The Recession, Students Borrow Reluctantly

Posted 09.17.2011 | College

By Lisa Lambert, Reuters (Reuters) - When Emi Young decided to attend Pomona College in California a few years ago, she broke with a tradition ...

U.S. Legal Immigration Slowed Dramatically During Recession: OECD

The Huffington Post | James Sunshine | Posted 09.13.2011 | Business

Legal immigration to the U.S. has slowed considerably since the Great Recession began, according to a newly released report by the Paris-based Organiz...