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Great Recession

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

HuffingtonPost.com | 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. ...

Geithner One Year Ago: 'Welcome To The Recovery'

The New York Times | Timothy Geithner | Posted 10.03.2011 | Business

THE devastation wrought by the great recession is still all too real for millions of Americans who lost their jobs, businesses and homes. The scars of...

Dow Jones Barely Avoids Longest Losing Streak Since The 1970s

AP | DAVID K. RANDALL | Posted 10.03.2011 | Business

NEW YORK — Stock indexes came back from deep losses in the morning and ended Wednesday with small gains. The Dow Jones industrial average avoide...

Foreign-Born Blacks Hit Hardest Of All Immigrant Groups By Jobs Crisis

The Huffington Post | Harry Bradford | Posted 10.03.2011 | Business

Of all the groups affected by the unemployment crisis, perhaps the hardest hit have been those black citizens born outside the United States. Acco...

White House: Economy Not In Danger Of Double-Dip Recession

Posted 10.03.2011 | Business

WASHINGTON (Alister Bull and David Morgan) - The White House said on Wednesday it does not believe the economy is in danger of a double-dip recess...

The Strike That Ruined Unions

New York Times | JOSEPH A. McCARTIN | Posted 10.03.2011 | Business

THIRTY years ago today, when he threatened to fire nearly 13,000 air traffic controllers unless they called off an illegal strike, Ronald Reagan not o...

U.S. Private Employers Add More Jobs Than Expected In July: ADP

Posted 10.03.2011 | Business

NEW YORK (Reuters) - Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on We...

S&P Turns Negative For The Year

Posted 10.02.2011 | Business

NEW YORK (Edward Krudy) - The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turn...

Debt Ceiling Deal Not Such A Deal For Graduate Students

CNN Money | Jennifer Liberto | Posted 10.02.2011 | Business

WASHINGTON (CNNMoney) -- Some students will start owing more on their loans while they're in school under a last-minute debt ceiling deal to keep the ...

Is A Double-Dip Recession Right Around The Corner?

Slate | Annie Lowrey | Posted 10.02.2011 | Business

What does the last-minute deal to raise the debt ceiling do to aid the flagging, faltering economy? Nothing. The economy is in appalling shape. Las...

Tea Party's War on America

New York Times | JOE NOCERA | Posted 10.02.2011 | Business

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransig...