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Great Recession

White/Minority Wealth Disparities: The Rest of the Story

Rakim Brooks | Posted 09.27.2011 | Politics
Rakim Brooks

We need to reflect not only on how much wealth was lost following the Great Recession and the inequality that created, but also on what those losses tell us about the ability of minorities to build wealth in America.

Why The Debt Crisis Is More Severe Than Everyone Thinks

Business Week | Peter Coy | Posted 09.27.2011 | Business

There is a comforting story about the debt ceiling that goes like this: Back in the 1990s, the U.S. was shrinking its national debt at a rapid pace. S...

Unemployment Claims Fall Below 400K For First Time In Over Three Months

Posted 09.27.2011 | Business

NEW YORK (Lucia Mutikani) - New claims for unemployment benefits fell more than expected last week, dropping below the key 400,000 level for the f...

14 Alternative Titles For The Great Recession

The Huffington Post | James Sunshine | Posted 09.26.2011 | Business

Before the current economic downturn ever officially ended, it had already become commonly known as the Great Recession. But two years after its offic...

UBS Sued For Allegedly Misleading Fannie Mae, Freddie Mac

Posted 09.26.2011 | Business

NEW YORK (Jonathan Stempel) - UBS AG (UBSN.VX) was sued by the conservator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), which accused the S...

How A Ratings Downgrade Would Affect American Life

The New York Times | Tara Siegel Bernard | Posted 09.26.2011 | Business

This is not yet one of those stuff-your-money-in-a-mattress moments. Still, the talk in Washington of a federal budget crisis and possible default ...

Americans Don't Spend Enough Time On Actual Economic Problems

New York Times | DAVID LEONHARDT | Posted 09.26.2011 | Business

When I began covering the American economy 11 years ago, it was the envy of the world. The last 11 years have not been kind to it. First came the d...

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...