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Great Recession

Don't Put the Blame on James

Paul Abrams | Posted 05.25.2011 | Sports
Paul Abrams

The Miami Heat paid a lot of money to three superstars so they could all be champions together. What in our culture has taught LeBron that doing anything differently, for any other reason, is of equal or greater importance?

Why the Idiocy About Unemployment?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

In 1970 the top 100 CEOs earned approximately $45 for every dollar earned by the average worker. By last year, it was $1,081 to one. There is no economic theory that can explain this obscene gap.

Where the Jobs Went

John Standerfer | Posted 05.25.2011 | Business
John Standerfer

No amount of tax credits, investment incentives, or retraining programs is going allow companies to be able to remain competitive while employing the same number of people they did in the past.

Shahien Nasiripour

OECD Warns Of 'Muted' Recovery, Criticizes Congress For Allowing Unemployment Benefits To Lapse | Shahien Nasiripour | Posted 07.07.2010 | Business

An international economic organization criticized the U.S. Congress on Wednesday for allowing extended unemployment benefits to lapse at the end of Ma...

Poverty In Chicago: Recession Hits Poor, Uneducated, Minorities Hardest

Posted 05.25.2011 | Chicago

No matter what multi-billion-dollar corporations might be responsible for the current recession, it is the poorest and most disadvantaged among us tha...

The Case for Not Recalling Mayor Antonio Villaraigosa

Fernando Espuelas | Posted 05.25.2011 | Los Angeles
Fernando Espuelas

The great promise of Los Angeles' first Latino mayor in over 100 years has vanished in a cloud of disappointment and embarrassment.

Racing to the Bottom With For-Profit Colleges

Gail Mellow | Posted 05.25.2011 | College
Gail Mellow

Just when a college degree is becoming the basic credential for entry into the middle class, billions of taxpayer dollars are being diverted to a questionable new player: for-profit, investor-owned colleges.

Wall Street, Repent!

Jim Wallis | Posted 05.25.2011 | Religion
Jim Wallis

The principles of clarity, transparency, accountability, and protecting the common good against private greed are not just economic policy matters. On a more transcendent level, they provide the metrics of real repentance.

Despite Recession, State Added 8,000 High-Tech Jobs In 2008

Chicago Sun-Times | Posted 05.25.2011 | Chicago

In the depths of the Great Recession, Illinois' high-tech industry added 2,900 jobs in 2008, a 1.4 percent gain from the previous year and better than...

What If Summers and Romer Are Wrong Again?

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

The president needs to stop his over-reliance on inputs from men and women who studied at the "Bob Rubin School of Economics," a school with a laissez faire curriculum that for too long has errantly dominated the nation's thinking.

Graduating From Our Great Recession: What We Can Learn From Famous Commencement Speakers (VIDEO)

Diane Dulken | Posted 11.17.2011 | Healthy Living
Diane Dulken

As we climb out of the Great Recession, we are graduating into a new world. A mashup of Steve Jobs, JK Rowling and Paul Hawken's commencement insights might help us make better choices for our lives.

Bank Regulation, Need for Transparency, and Politics as Usual Makes the Outcome Uncertain

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

Bank regulation is caught up in political maneuvering. Pro and con lobbying groups are spinning legislators. We need reform.

Chicago Population Grows As Fewer Can Afford To Leave

Posted 05.25.2011 | Chicago

Chicago's population grew by roughly 21,000 people in the year between July 2008 and July 2009, but perhaps not for the reasons we might like. Due t...

One Global Government

Patrick Takahashi | Posted 05.25.2011 | World
Patrick Takahashi

But the one pervading thought was, wherever I went, how badly government was broken. From local municipalities to the U.S. Congress to the United Nations, all signs point toward a declination of our lifestyle because of their inability to govern.

Comprehensive Immigration Reform to Create Jobs and Secure our Future

Reshma Saujani | Posted 05.25.2011 | Home
Reshma Saujani

James Madison once wrote, "America was indebted to immigration for her settlement and prosperity. That part of America which had encouraged immigratio...

Debt -- What Is it Good For? Absolutely Some Things

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

Depending on the circumstances and reasons for incurring debt, it can be either wise or foolish. We need to distinguish good debt from bad debt.

The Goldman Sachs Scam Reveals the Rot in our Financial System

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The real story goes far beyond this slimy, insider swindle. If we focus instead on the synthetic collateralized debt obligations sold by Goldman Sachs, we go to the heart of what crashed our economy.

Greed Explains the Disasters and the Lying Afterwards

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Middle class workers are the ones who die in coal mines and on oil rigs. Afterwards, CEOs say anything to save the bottom line -- the one that will determine their bonuses.

The Index of Life

Patrick Takahashi | Posted 05.25.2011 | Green
Patrick Takahashi

I'm beginning to be influenced by some of my doomsday colleagues who are frighteningly convincing that the combination of Peak Oil and Global Warming means that life will only get worse.

Laura Bassett

Middle Class No More: New Jersey Family Scrapes By On Half Its Former Income | Laura Bassett | Posted 05.25.2011 | Impact

As part of our Bearing Witness 2.0 project, the Huffington Post is rounding up local stories of formerly middle-class families who are now struggling ...

Great or Grateful?

Chip Conley | Posted 11.17.2011 | Healthy Living
Chip Conley

There's a growing body of research that shows it is not happiness that makes us grateful, but it's gratefulness that makes us happy.

Shahien Nasiripour

Great Recession Not Over Yet, Though Data Suggests Expansion (CHARTS) | Shahien Nasiripour | Posted 05.25.2011 | Business

Put the champagne back on ice -- the Great Recession ain't over yet. The committee that decides such matters, the Business Cycle Dating Committee o...

Shahien Nasiripour

Bernanke Warns Congress Not To Cut Spending, Cautions About 'Fragile' Recovery | Shahien Nasiripour | Posted 05.25.2011 | Business

While the conventional wisdom in Washington appears to focus largely on the need to lower the federal government's budget deficit, rather than on redu...

Albany's Budget "Cuts" Will Cost New Yorkers Serious Money

Diane Louard-Michel | Posted 05.25.2011 | New York
Diane Louard-Michel

Whenever a budget battle happens, safety net services come under the gun. Albany should take a close look at innovative programs that provide needed services while offsetting spiraling expenditures in other areas.

Credit-Card Borrowing Is Hurting Small Businesses

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Once upon a time loans from friends and family ranked as the most prevalent way for entrepreneurs to fund business start-ups. Now, credit cards have jumped to the top of the list.