iOS app Android app

Great Recession

Obama: I'm Going To Latin America To Discuss Jobs

USA Today | President Barack Obama | Posted 05.25.2011 | Business

In recent weeks, we've seen how turmoil and tragedy around the globe can affect our own prosperity and security; how events abroad often have implicat...

Could You Come Up With An Extra $2000 In 30 Days?

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

What would you do if you had thirty days to find an extra $2,000? That's the question posed by the Brookings Institute in a recent paper, "Financi...

Jobless Claims Fall To Lowest Level Since July 2008

Posted 05.25.2011 | Business

(Reuters) - New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in ...

CHART: When A College Education Doesn't Help You Find A Job

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Higher education is a huge asset for American workers -- except when it comes to leaving the ranks of the unemployed. The past several years have be...

Gretchen Morgenson: Attorneys General May Be Rushing Proposal for Loan Servicers

nytimes.com | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

ONE crucial reason the nation's mortgage industry ran itself -- and the entire nation -- off the rails was its obsession with speed. Mortgages had to ...

Watch: Demos and The Ayn Rand Center Debate "Government: What Is Its Proper Role?"

Miles Rapoport | Posted 05.25.2011 | Politics
Miles Rapoport

After the 2008 financial crisis and its aftermath a great political divide emerged among many Americans reexamining the direction of our country.

Don't Cut Off Your Knows

Jodie Levin-Epstein | Posted 05.25.2011 | Business
Jodie Levin-Epstein

The House-passed Continuing Resolution would sharply reduce or eliminate funding for summer jobs for youth, training assistance for unemployed workers, and support for one-stop career centers.

Friday Talking Points [157] -- Eight Point Nine

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

This just in... Charlie Sheen and Sarah Palin caught smoking pot in love nest! Well, no, sorry, that's absolutely false. However, it would make a dan...

Greenspan: 'Government Activism' Is Slowing U.S. Recovery

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

Less than a year after testifying that his free-market approach to the financial sector was "wrong 30 percent of the time," Alan Greenspan, former cha...

Lila Shapiro

Layoffs Reach 11-Month High, But They're Not The Major Worry

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

The number of planned layoffs in February rose to an 11-month high according to data released Tuesday, but economists think it's too soon to say wheth...

Lila Shapiro

GOP Spending Plan Will Cost Private Sector Jobs, Economist Says

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

With 13.9 million Americans out of work and a looming deficit, House republicans have proposed a plan to cut $61 billion from current spending levels....

Wisconsin Pension Cuts Are Actually About Cutting 'Cash Wages'

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Who really contributes to Wisconsin's public employees' pension funds? On Friday morning, the Wisconsin state assembly passed a bill that would, a...

U.S. Lost High-Paying Jobs, Added Low-Wage Positions, Report Finds

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

In the last 12 months, the U.S. economy has largely traded high-quality jobs for poorly-paid positions, according to a new report by the National Empl...

Finance's Five Fatal Flaws: William Black

The Big Picture | Bill Black | Posted 05.25.2011 | Business

What exactly is the function of the financial sector in our society? Simply this: Its sole function is supplying capital efficiently to aid the real e...

State, Local Tax Share Falls For First Time Since 2000

Posted 05.25.2011 | Business

MIAMI (By Michael Connor) - Taxes paid to local and state governments as a share of incomes fell in 2009, as taxes tumbled more quickly than wages an...

States Ignored Years Of Warnings On Unemployment Insurance

AP | KEVIN FREKING | Posted 05.25.2011 | Business

WASHINGTON — State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits soun...

China's Rapid Recovery in the Great Recession of 2007 - 2009

Nake M. Kamrany | Posted 05.25.2011 | World
Nake M. Kamrany

China's performance during the economic meltdown of 2007-2009 calls for a reexamination of the received doctrine of mainstream macroeconomic paradigms in the West.

Study Finds No Tie Between CARD Act and Higher Interest Rates

Odysseas Papadimitriou | Posted 05.25.2011 | Business
Odysseas Papadimitriou

February 22, the CARD Act's one-year anniversary, should be a day to celebrate increased transparency for millions of credit card users, not a day marred by mistakenly-placed blame.

After Fannie and Freddie Go, What's Next for the Housing Finance System?

Reid Cramer | Posted 05.25.2011 | Business
Reid Cramer

I very much appreciate situating the housing finance policy debate within a broader framework. It is a good place to start the coming policy debate.

The Next Economic Crisis

Carl Pope | Posted 05.25.2011 | Green
Carl Pope

The resource shortages that worried Theodore Roosevelt are finally here. Indians are leading worries about food inflation, but world food prices hit an all-time record last month.

A Chance to Get Some Answers for Chicago

Rev. Jesse Jackson | Posted 05.25.2011 | Chicago
Rev. Jesse Jackson

Chicago is in trouble. The Great Recession has devastated working and poor families, while worsening already severe racial disparities. So we challenge the mayoral candidates: Give us a debate worthy of a great city in trouble.

UBS Posts First Annual Profit Since 2006

AP | JOHN HEILPRIN | Posted 05.25.2011 | Business

GENEVA — Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fou...

Republican Spending Cap Would Have Caused Depression if it Were Law in 2009

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

As the events of the last two years should have made clear to everyone, the reasonable-sounding Republican spending proposal is actually a prescription for economic suicide.

Lila Shapiro

Missing Workers: 4.9 Million Out Of Work And Forgotten

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

Over the last three years, nearly 5 million U.S. workers have effectively gone missing. You won't find their photos on the backs of milk cartons. ...

The Next Global Banking Crisis Is 3 Years Away, Firm Says

The Atlantic | Derek Thompson | Posted 05.25.2011 | Business

Let's start in 2011. The world is in a three-speed recovery, with Europe at the bottom, the U.S. in the middle, and Asia growing between 6 and 10 perc...