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Great Recession

Higher Prices Hit Cash-Strapped Back-To-School Shoppers

AP | ANNE D'INNOCENZIO | Posted 10.19.2011 | Business

NEW YORK — Stores are trying everything they can think of to disguise the fact that you're going to pay more for clothes this fall. Some are us...

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.

U.S. Factory Output Sees Biggest Growth Since Japan Crisis

AP | DANIEL WAGNER and DEREK KRAVITZ | Posted 10.16.2011 | Business

WASHINGTON — U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewe...

Home Depot's Income Up -- Due To Storms

AP | MAE ANDERSON | Posted 10.16.2011 | Business

ATLANTA — Home Depot Inc.'s second-quarter net income rose 14 percent as shoppers picked up lawn and garden products and made storm-related repa...

Slowing Global Economy Takes Toll On U.S. Stock Futures

AP | STAN CHOE | Posted 10.16.2011 | Business

NEW YORK — Worries about Europe's economic and debt problems sent stocks Tuesday to their first loss in four days. The major indexes bounced up...

Credit Card Late Payments Hit 17-Year Low

AP | By EILEEN AJ CONNELLY | Posted 10.16.2011 | Business

NEW YORK -- Credit card users are so focused on keeping their accounts in good standing that they've driven the rate of late payments down to its lowe...

Rod Kurtz

What Is The Biggest Challenge Facing Small Businesses Right Now? | 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' | 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 ...

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...