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Great Recession

U.S. Trade Deficit Widens To Highest Level Since 2008

AP | By MARTIN CRUTSINGER | Posted 10.11.2011 | Business

WASHINGTON -- American producers sold fewer industrial engines, electric generators and farm products to the rest of the world in June, pushing the tr...

Jobless Claims Fall Below 400,000 For First Time In Four Months

AP | DANIEL WAGNER | Posted 10.11.2011 | Business

WASHINGTON — The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the ...

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...

U.S. Stocks Plunge In Early Morning As Volatile Streak Continues

AP | STAN CHOE | Posted 10.10.2011 | Business

NEW YORK — Back to reality and back down, Wall Street focused on the bleak landscape ahead for the economy Wednesday and wiped out its big gains...

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...

Hiring May Suffer From 2011 Drop In Productivity

AP | CHRISTOPHER S. RUGABER | Posted 10.09.2011 | Business

WASHINGTON — U.S. workers were less productive in the spring for the second quarter in a row, a trend that may not bode well for future hiring. ...

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.

Paul Krugman: Economy Was Never 'On The Road To Recovery'

New York Times | Paul Krugman | Posted 10.05.2011 | Business

In case you had any doubts, Thursday’s more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record ...

Sotheby's $3.4 Billion Record

Posted 10.04.2011 | Arts

Just weeks after auction house Christie's announced record profits for first half 2011, Sotheby's announced its own record of $3.4 billion in six mont...

U.S. Shed Nearly Two Million Taxpayers In 2009: IRS

The Huffington Post | Alexander Eichler | Posted 11.29.2012 | Business

New tax data from the Internal Revenue service shows that in 2009, incomes fell, unemployment claims rose, and the U.S. economy shed nearly two millio...

Time For A Double Dip?

The Economist | Posted 10.04.2011 | Business

THIS ought to have been a good week for the American economy. The country’s leaders at last ended a ludicrously irresponsible bout of fiscal brinkma...

William Alden

Dow Jones Industrial Plunges 513 Points | William Alden | Posted 10.04.2011 | Business

NEW YORK -- Stocks plunged Thursday in the worst one-day drop in more than two years, as investors absorbed fears that the American economy could ente...

Why Repeat 1938?

Harlan Green | Posted 10.04.2011 | Business
Harlan Green

Congress may have made the same mistake -- a repeat of the Great Depression by cutting spending when the U.S. economy hasn't recovered from the Great Recession.

The Gravity Of Slow Growth

Businessweek | Peter Coy | Posted 10.04.2011 | Business

Economics isn’t rocket science, but the U.S. economy is a little like a rocket. If it has enough thrust, it can escape the tug of economic gravity. ...