iOS app Android app

Great Recession

N.C. Budget Eludes Low Income Earners

Mousa Alshanteer | Posted 10.26.2015 | Politics
Mousa Alshanteer

The misguided belief by Governor McCrory, and the state legislators who applauded him, that "our economy is improving" may be the basis of a biennial budget, and its attendant legislation, which will further undermine the complete realization of an economic recovery for all North Carolinians.

Government Made Our Middle Class

Harlan Green | Posted 10.26.2015 | Business
Harlan Green

Why do we seem to be the only developed country that is unable to sustain a healthy middle class, with all the benefits to economic growth that is passed on to every segment of society?

Middle-Class Joe Expresses Middle-Class Angst

Leo W. Gerard | Posted 10.26.2015 | Politics
Leo W. Gerard

As Vice President Joe Biden announced his decision last week not to run for president, he talked about dreams denied, possibilities foreclosed. He wasn't speaking of his own aspirations, though.

Job Creation: Essential Los Angeles County Business

Mark Ridley-Thomas | Posted 10.19.2015 | Los Angeles
Mark Ridley-Thomas

The economic crisis that began in 2007 was a defining event for industry leaders and government institutions at all levels. For far too many, the struggle continues, especially for communities of color where economic inequality persists and the availability of good paying jobs remains a scare commodity.

A Tale Of Two States: How Liberal Governance Has Achieved Where Conservative Governance Failed!

Marvin Meadors | Posted 10.16.2015 | Politics
Marvin Meadors

Two neighboring states, Minnesota and Wisconsin share a common border, blistery winters and "until recently a liberal populist tradition stretching back a century," according to a New York Times article.

Blinder and Zandi: Policy Responses to Great Recession a Resounding Success

Bob Greenstein | Posted 10.16.2015 | Politics
Bob Greenstein

At some point, the economy will fall into another recession or even experience another financial crisis. When either or both occur, policymakers must be ready to use the resources of government to restore a weak economy to health, not stand aside.

Global Economy Increasingly Vulnerable To Another Financial Shock

Sheldon Filger | Posted 10.03.2015 | Business
Sheldon Filger

Seven years after the outbreak of the global financial crisis, there are growing indications that the temporary solutions that were imposed through monetary policy by central banks are becoming ineffective. In all likelihood, a new global downturn in economic growth is in the cards.

There Are Not Enough Jobs, And Austerity Is To Blame

The Huffington Post | Daniel Marans | Posted 10.02.2015 | Business

The especially poor September jobs report reinforces what many economists have been saying for months: The six-year recovery from the Great Recession ...

Ask the Victims of 9/11 if George W. Bush "Kept Us Safe"

Robert Creamer | Posted 09.19.2015 | Politics
Robert Creamer

In the GOP debate, Jeb Bush made the outrageous statement that his brother George W. Bush "Kept us safe." Here is a news flash for Jeb: Bush did not begin his term on September 12, 2001. The worst attack on American soil since Pearl Harbor occurred on his watch. And it occurred after he had ignored intelligence warnings before 9/11. It is outrageous that the Bush crowd would have the audacity to say they "kept us safe" after presiding over the 9/11 debacle and the inept, ineffective, ideologically driven response that followed. The best ways to keep America safe are never to forget just what George W. Bush did to America and to keep Jeb Bush and the entire Bush gang a "safe" distance away from 1600 Pennsylvania Avenue and the levers of political power.

The Case Against Raising Interest Rates

The Huffington Post | Ben Walsh | Posted 09.16.2015 | Business

On Dec. 18, 2008, the Federal Reserve cut interest rates to zero. Unemployment was then 7.3 percent, and would later peak at 10 percent in October 200...

Three Rules of Thumb to Raise Wages and Reduce Inequality

Sabina Dewan | Posted 09.14.2015 | Politics
Sabina Dewan

Case studies from Brazil to China, from the United States to Germany, reveal that to square higher wages and competitiveness, governments must adhere to three rules of thumb.

DOJ Swears It Will Get Tough On The Next Wall Street Crash

The Huffington Post | Zach Carter | Posted 09.11.2015 | Politics

WASHINGTON -- The Department of Justice is finally drawing the curtain on what may be its defining project of the Obama era: the refusal to prosecute ...

What Should Janet Yellen's Fed Do?

Harlan Green | Posted 09.10.2015 | Business
Harlan Green

Their policies have to maximize the purchasing power of consumers that power most economic growth. If consumers can't or won't spend more, then our economy can't grow as it should.

Jobs, Higher Productivity Could Mean 3.5 Percent GDP

Harlan Green | Posted 09.03.2015 | Business
Harlan Green

It looks like we are returning to the goldilocks economy that prevailed for much of last year -- low inflation plus continued good job growth. But it also could mean better economic growth that has stayed in the 2 percent range during the Great Recession recovery to date.

Misadventures in Finance

Benjamin T. Solomon | Posted 08.31.2015 | Business
Benjamin T. Solomon

The Fed or the U.S. government is not the lender of last resort. It is us, the U.S. taxpayer. Therefore, we the people, as lender of last resort, need to be better informed of what banks are doing.

Blaming China Is Not the Answer

Daniel Wagner | Posted 08.25.2015 | Business
Daniel Wagner

Global investors and lenders have learned relatively little since 2008, creating more bubbles, ignoring more warning signs, and, until recently, continuing to party like it's 1999. The chickens are coming home to roost.

What the U.S. Could Learn From Iceland

Kevin Price | Posted 08.18.2015 | Business
Kevin Price

I feel really behind the curve, but I only recently discovered that the United States actually has an official "too big to fail list." Essentially, this is a list of companies that have been sanctioned by the government as getting a guaranteed pass, no matter how economically ruined it becomes.

Who Is Most Scared of Inequality?

Harlan Green | Posted 08.13.2015 | Business
Harlan Green

It wasn't until the Reagan tax cuts that we stopped investing in those important elements that made US the superpower, and a middle class with the highest standard of living in the developed world.

Why Do We Even Have a 'New Normal'?

Harlan Green | Posted 08.06.2015 | Business
Harlan Green

In the U.S., it is the rise of extreme conservative and racist politics by the Tea Party, and southern anti-government conservatives that continue to fight the civil war. They still see big government as the anti-slavery north bullying poor southerners.

Who Do We Blame For the Great Recession?

Harlan Green | Posted 08.11.2015 | Business
Harlan Green

Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.

Letting China's Bubble Burst

Michael Spence | Posted 08.03.2015 | World
Michael Spence

NEW YORK -- As China's markets expand, they are increasingly outstripping policymakers' capacity to manage prices and valuations. The only practical way forward is for the Chinese authorities to focus on regulatory and institutional development, while following through on their commitment to allow markets to play the decisive role in allocating resources.

Aquino's Legacy in the Philippines

Edsel Tupaz | Posted 04.19.2016 | World
Edsel Tupaz

In just 5 years, Aquino's accomplishments have exceeded many expectations and have outperformed all previous administrations.

Reparations for the 99%

Allan Abramson | Posted 07.30.2015 | Chicago
Allan Abramson

Seven years after the housing crisis, which led to the financial crisis, which led to the recession, it may be time to review what happened to the people, the government, and the financial industry (banks, mortgage lenders, and investment firms).

Friends and Envy: When Your Friends Have More -- and When They Have Less

Dr. Peggy Drexler | Posted 07.25.2016 | Healthy Living
Dr. Peggy Drexler

Remember why you're friends in the first place. Don't judge them for what they have -- what they wear, the trips they take, the house they live in -- but for who they are, and how they treat you.

Will Fannie and Freddie's Investors Finally Succeed?

Harlan Green | Posted 07.22.2016 | Business
Harlan Green

The White House, U.S. Treasury, and Federal Housing Finance Authority have been stonewalling discovery requests by investors who want to know exactly why the GSEs were put into conservatorship in the first place.